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EU/ECJ: voluntary ex ante transparency notice does not provide clean bill of health for awarding a contract without prior publication
The ‘voluntary ex ante transparency notice’ does not preclude review authorities from declaring a contract ineffective if it was awarded without prior publication of a contract notice.
Hungary’s new advertising tax may affect regular manufacturing and trading companies active in various industry segments.
The Slovenian Competition Protection Agency may impose a fine of up to 10 per cent of a company’s annual turnover for infringements of article 9 of the Competition Act.
EU/Austria: TSO certification proceedings reveal Austrian gas law’s possible non-compliance with EU Gas Directive
On 18 July 2014, E-Control released its affirmative decision in relation to the certification of Trans Austria Gasleitung as a transmission system operator (TSO) for gas.
The National Bank of Ukraine has introduced the compulsory exchange of 100 per cent of foreign currency proceeds.
Slovenian legislation is still lagging behind in transposing the IPPC/IED baseline reporting requirements into national environmental law.
On 25 July 2014, the Polish Parliament passed on an amendment of the Public Procurement Law.
What was previously regarded as a mission impossible has now become a process with fewer formalities and less time required.
Austrian tax law enables taxpayers to avoid criminal tax sanctions or penalties in case of fiscal offences by submitting a voluntary disclosure.
Austria: German Supreme Court enacts duty for banks to disclose internal commission payments — but only for future cases
The banking law senate of the German Supreme Court stipulates far-reaching disclosure obligations for banks with respect to internal commission payments for investments.
The European Union has recently agreed to an additional, higher level of sanctions against Russia.
In Romania, a new law on employee inventions entered into force on 29 June 2014. The law abrogates former provisions on employee inventions set forthby the country’s Patent Law.
Serbia: seconding Austrian nationals to work in Serbia and applying the Double Taxation Treaty between the two countries
It is commonplace for foreign companies active in Serbia, including Austrian firms, to second their employees to the country via their affiliates or business partners.
On 11 July 2014, the Polish Parliament adopted the draft of the bill to amend the environmental law and certain other acts.
As a young and complex matter, compliance presents numerous challenges for organisations. This is partly due to the lack of global standards.
EU: ECJ confirms that purely national promotion of green electricity does not necessarily violate EU law
The ECJ’s 1 July 2014 ruling may have a major impact on the political discussions about the meaningfulness of national green electricity promotion schemes.
In recent years, the Competition Council has focused a significant part of its resources on the fight against bid rigging and also for its prevention.
On 3 April 2014, the Parliament of the Republic of Moldova passed Act No. 53/2014 on amending and supplementing certain legal acts.
A recent decision considered a telephone conversation between two individuals as legitimate evidence in administrative proceedings.
New provisions for determining the tax base for Austrian real-estate transfer tax purposes entered into force as of 1 June 2014.