Ukraine delays protectionist measures against foreign­-made regional jets

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Revised guidelines on state aid for international financial institutions in Ukraine

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 […]

Revised tariffs for natural gas storage in Ukraine – August 2018 review

By Olena Kuchynska On 1 August 2018, new tariffs came into effect for the underground storage of natural gas in Ukraine. Ukraine’s National Commission for the Regulation of the Energy and Public Utilities Sectors (the “Regulator”) adopted a corresponding resolution (No. 480) on 19 June 2018, which was published with delay.\ On 23 August 2018, the […]

Legislation for providing cumulative weekly rest days to employees in Romania

By Diana Rogozea Many companies have business reasons to conduct certain work activities for an uninterrupted period exceeding five days. In Romania, the rules for implementing an uninterrupted work period of more than five days are set out under Art. 137 (4) of the Labour Code. The weekly two-day statutory rest period may be granted to […]

New rules governing online sale of medicinal products in Romania

The online sale of pharmaceutical products in Romania has been on the rise in recent years. This strengthening trend can be attributed to the growth of online purchases in Romania in general and to the fact that, until recently, the law left room for interpretation in this area.  Recent amendments to the laws governing the sale of […]

Kazakhstan introduces new ‘Squeeze-Out’ mechanism for major shareholders

On 2 July 2018, Kazakhstan adopted the Law No. 166­VI “On amendments and changes to certain legislative acts of the Republic of Kazakhstan on Insurance and Insurance Activities, the Securities Market” (the “Law”). The Law entered into force on 15 July 2018 (with the exception of certain provisions, which will come into force later). Among […]

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The Romanian Competition Council never rings twice

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New Jersey LLC law strengthens the Island’s offering to US managers

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