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Kinstellar advises MVM Group on landmark CCGT power plant development project at the Tisza Power Plant in Hungary

April 2025 – Kinstellar is delighted to announce that our Budapest team has advised MVM Group on the project to build a major (approx. 1,000 MW) new combined-cycle gas turbine (CCGT) power plant in Tiszaújváros, North-East Hungary.

The new Slovak Act on the Commercial Register and changes to the Commercial Code: What to expect?

April 2025 – The Ministry of Justice of the Slovak Republic has presented a draft of a new Act on the Commercial Register (the Draft Act), which should replace the currently valid and effective Act No. 530/2003 Coll. on the Commercial Register. The...

Kinstellar and Strategy Council deliver the 3rd Defence Tech Forum in London

April 2025 – Following on the success of our two previous defence-tech events, Kinstellar and the Strategy Council, in partnership with the Embassy of Ukraine in the UK, were honoured to deliver the 3rd Defence Tech Forum in London on 25 April 25 at...

Customs duties in transition: Why companies should review their customs valuations and transfer pricing policies now

April 2025 – Historically, customs duties are considered to be the origin of taxation. Today, looking specifically at the current U.S. administration, customs duties—better known as tariffs—are primarily used as tools of trade policy. Rising customs...

Ukraine strengthens rights protections for bona fide purchasers

April 2025 – A new law, No. 4292-IX, dated March 12, 2025 (the “Law”), amending the Civil Code of Ukraine (the “Civil Code”), recently came into effect in Ukraine. The Law is designed to increase the level of legal certainty and to protect the...

EU CSRD and CSDDD – Significance of the postponement of the application date

April 2025 – On 14 April 2025, the Council of the EU gave its final green light on the so-called "Stop‑the‑clock Directive" postponing the application dates of the EU Corporate Sustainability Reporting Directive (EU) 2022/2464 ("CSRD") and the EU...

Update on the implementation of CS3D and CSRD, and related local legislative developments in Bulgaria, Croatia, the Czech Republic, Hungary, Romania, and Slovakia

April 2025 – Despite the 6 July 2024 transposition deadline for the full implementation of the Corporate Sustainability Reporting Directive (CSRD), several jurisdictions – including the Czech Republic and Romania – remain subject to infringement...

Discount for the payment of certain tax liabilities in Romania – follow-up

April 2025 – As described in our previous newsletter in September 2024, profit taxpayers and microenterprise income tax taxpayers in Romania benefit from a 3% discount of their annual profit/income tax liability related to fiscal year 2024/the modified...

New obligations for employers in Romania: Fair wages and enhanced prevention and management of workplace discrimination and harassment

April 2025 – In recent years, we have seen several new obligations imposed on employers in Romania, and 2025 will be no different. Starting from January 2025, certain amendments to Romanian labour legislation entered into force, impacting employers...

Kinstellar announces new Partner promotions

April 2025 – Kinstellar is delighted to announce the promotion to Partner of Magdalena Raducanu (Romania), Jan Lehký (Czech Republic), and Kuanysh Shekerbekov (Kazakhstan).