Kinstellar advises Huajie on one of the biggest leasing transactions in the Czech Republic

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Revitalisation of brownfield sites in the Czech Republic

Revitalising brownfield sites in the Czech Republic has generally been viewed as a nightmare for investors, both private developers and state organisations, mainly due to the length of time required for different permitting processes and the total investment that revitalisation involves, including decontamination and/or demolition costs. However, as suitable land plots for industrial development are […]

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On 4 September 2018, the Ukrainian parliament passed law No. 2517-VIII On Amendments to Certain Legislative Acts of Ukraine On the Investment Attractiveness of the Construction of Renewable Energy Facilities (the “RE Law”), which simplifies the process of building renewable energy (“RE”) facilities. The RE Law was to come into force on 4 October 2018. […]

Changes in Czech legislation – An overview

Changes in company law and corporate governance Concurrency of employment relationship and performance of the executive director’s office – After many years of back and forth, the Czech Supreme Court has resolved that it is possible for an executive director to also have an employment contract with the company, under which he/she performs business management tasks. […]

Ukraine: Revised guidelines on state aid for international financial institutions

The Antimonopoly Committee of Ukraine published new guidelines on state aid dated 6 September 2018 that clarify the AMC’s approach to financing provided by international financial institutions and to state and municipal guarantees securing the obligations in respect of such financing. On 17 September 2018, the Antimonopoly Committee of Ukraine (the “AMC”) published new guidelines […]

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New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

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