Austria: Network reserve to become part of congestion management system

With an amendment to the Electricity Industry and Organisation Act 2010 passed by Parliament, the network reserve will become part of Austria’s congestion management system.

Related briefings

New investment screening mechanism in Slovakia

On 1 February 2021, the Slovak Ministry of Economy submitted an investment screening proposal to the government. This proposal was approved by the National Council (with amendments) on 5 February 2021 and is scheduled to enter in force on 1 March 2021.

Czech Republic: Competition authority battles non-cooperative competitors

The Office for the Protection of Competition recently issued two press releases in which it confirmed one fine and imposed another on non-cooperative competitors, the first for an obstruction during a dawn raid and the second for not replying to a request for information.

New FDI rules come into force in the Czech Republic on 1 May 2021

Since the adoption of the EU foreign direct investment (“FDI”) regulation, the necessity of introducing a screening mechanism at the national level has been gaining momentum amongst Member States. This is particularly true for the CEE region, as most CEE jurisdictions did not have such mechanisms in place.

Latest Briefings

Reciprocal enforcement of judgments in Guernsey

Volatile markets and economic downturns typically lead to increases in commercial litigation. Onshore proceedings can commonly involve offshore structures and we anticipate a growth in cases requiring the recognition and enforcement of foreign judgments.

Climate Finance – Where do asset managers fit in?

The initial focus following the signing of the Paris Agreement was on the commitments made by governments from around the world to take action to combat climate change. The term climate finance was equated with the financial resources committed by governments for investment in the transition to a climate neutral global economy.

Uber v Aslam: a win for workers

On 19 February 2021, the Supreme Court ruled in favour of workers in the Uber v Aslam case, marking the end of Uber’s landmark employment battle. The decision means that Uber drivers must now be treated as workers rather than as self-employed, entitling them to the employment rights that come alongside that.

British Virgin Islands – Regulatory Update

On 11 February 2021, the British Virgin Islands Financial Services Commission published the Financial Services (Prudential and Statistical Returns) (Amendment) Order 2021.

Recommended

Clifford Chance on call in app dispute with Apple and Google

Clifford Chance is representing the studio behind hit game Fortnite in the Competition Appeal Tribunal (CAT) after Epic Games launched legal action against Apple and Google. The dispute concerns the defendants’ decision to remove Fortnite from their respective app stores in August 2020, which has spawned abuse of dominance claims from Epic which now seeks […]

Fieldfisher

Fieldfisher eyes litigation funding work with new platform

Fieldfisher is ramping up its foray into the litigation funding market with a new platform to speed up one of the most time-consuming phases of the claim process. The firm has developed a platform that assess new commercial claims to establish whether the litigants are eligibile for funding. The platform, developed on artificial intelligence technology […]

talent recruitment

Squires to ditch recruiters with in-house headhunter

Squire Patton Boggs is edging away from the use of external recruiters, creating a new in-house role focused on securing talent. Steven Clarke has joined the firm’s London office as director of talent acquisition; a new global position created to spearhead its strategic recruitment strategy worldwide. He will be responsible for building a global team […]

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