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IN THE KNOW.

Browse through a selection of articles from our legal experts on topics of interest to investors and businesses in our region.

Ukraine simplifies certification rules for ticket-selling agencies

May 2018 – A new section of the Aviation Rules of Ukraine – “Rules for certification of subjects providing agency services for sales of air carriage” – was registered by Ukraine’s Justice Ministry in early April and will enter into force upon...

Fourth anti-money laundering directive in Slovakia: New rules on disclosure of ultimate beneficial owners

May 2018 – The 4th AML Directive (EU Directive 2015/849) has recently been transposed to the Slovak Act on Money Laundering (the “AML Act”). Most of the changes brought by the amended AML Act introduce new obligations for “obliged persons” –...

A step toward making the assignment of foreign professionals in Bulgaria easier

April 2018 – The Bulgarian National Assembly has recently passed an amendment to the Labour Migration and Labour Mobility Act. Its aim is to ease the procedure for Bulgarian companies to hire citizens of countries outside the EU and EEA. This is in...

Kinstellar Energy Digest: Ukraine March 2018 in Review

April 2018 –
OIL AND GAS: President signed an advanced law on deregulation
On 29 March 2018, the President of Ukraine signed the Law of Ukraine “On Amending Certain Legislative Acts of Ukraine Concerning Deregulation in the Oil and...

Yet another wave of EU regulations in the financial sector reaches Bulgaria’s shore

March 2018 – There is hardly any major business that will not be affected by the entry into force of the EU General Data Protection Regulation (GDPR) on 25 May. In addition to that, the financial services providers need to prepare for and be compliant...

Bulgaria-based corporates and NGOs must disclose their ultimate beneficial owners by February 2019

March 2018 – The Bulgarian parliament voted into law on 14 March 2018 a bill that will repeal and replace the existing Act on the Measures against Money Laundering (the “New AMML” or the “Act”). The New AMML is meant to transpose Directive (EU)...

New Law in Serbia on the Organisation and Jurisdiction of Government Authorities in the Suppression of Organised Crime, Terrorism and Corruption takes effect

March 2018 – The long-awaited implementation of the Law on the Organisation and Jurisdiction of Government Authorities on the Suppression of Organised Crime, Terrorism and Corruption (the “Law”) came into effect on 1 March 2018. The Law was adopted...

Romanian Parliament to discuss draft legislation concerning GDPR

March 2018 – A draft legislation laying down measures in relation to the GDPR (the “Draft Law”) has just been put forward for discussion in the Romanian Parliament.
Aside for specific requirements for public entities and for activities involving...

Liberalisation of rules for the employment of non-EU nationals in Slovakia

March 2018 – Slovakia’s shortage of qualified labour is currently one of the country’s more serious economic issues. However, when it comes to the employment of non-EU nationals, Slovakia has perhaps the strictest rules among all V4 countries. To...

New legislation governing corporate agreements and strengthening creditors’ rights takes effect in Ukraine

February 2018 – On 18 February 2018, a long-awaited Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine Related to Corporate Agreements" No. 1984-VIII adopted by the Ukrainian parliament on 23 March 2017 (the "Law") became effective.