The long-awaited amendments to Turkey’s Personal Data Protection Law, numbered 6698 (PDPL), were implemented through the Amendment Law on the Code of Criminal Procedure and Certain Laws and published on 12 March 2024.
The AI Regulation, which has been developed over a long period of time and is the subject of much debate, came into force today. Even if the resulting obligations will only be applicable in stages, companies should start to familiarise themselves with the content of this extensive and complex set of regulations now at the latest.
While avoidance proceedings with insolvency administrators used to be focused on the question of whether and to what extent the party to whom avoidance is declared was aware of the illiquidity, more recent decisions seem to focus more on the question of whether the would-be insolvency debtor acted with the intent to place creditors at a…
Clarification by court: In a thoroughly detailed judgment, the Higher Regional Court [Oberlandesgericht – OLG] of Munich explains at great length all the mistakes supervisory board members can make when entering into a consultancy agreement with their company that includes bonus payments.
The Union list has been in force since 28 April 2024. For the first time the list also includes 65 electrolyzers and hydrogen infrastructure projects.
On 18 April 2024 the German Federal High Court of Justice [Bundesgerichtshof – BGH] heard arguments on the conditions under which the term “climate neutral” may be used as an advertising claim.
The Federal Administrative Court has ruled that laboratories are also obliged to notify the authorities if an analysis was carried out as part of a release test and the placing on the market of the product should be made dependent on the result of the analysis.
The planned legislative proposal to modernise arbitration law aims to strengthen Germany’s competitive position as a venue of arbitration internationally.
From 2040, there are to be no more fossil fuel boilers in the EU, a solar obligation will be gradually introduced and the ‘zero-emission building’ is to become the new efficiency standard by 2050.
In its session on 12 April 2024, the German Bundestag adopted the new regulations in the EnWG for financing the hydrogen core grid.
Just two days before the adoption of the CSDDD in the Council, the Council also adopted the Regulation on a ban on the import of products made using forced labour (Forced Labour Regulation, or FLR for short).
On 15 March 2024, the Council of the European Union confirmed the EU Corporate Sustainability Due Diligence Directive (CSDCD) in the Committee of Permanent Representatives (Coreper).
As the German government's "power plant strategy" also provides for a reduction in the levies and charges for the electricity required for electrolysis, the following section describes the current levies, charges, taxes and fees that make the purchase of electricity for hydrogen production in electrolysers more expensive.
On December 29, 2023, the Standing Committee of the 14th PRC National People's Congress adopted a substantially revised version of the Company Law.
Regulation 1115/2023 (EU) on Deforestation and Degradation (EUDR) has been in force since June 2023. Companies subject to the EUDR must be ready to apply the Regulation by 30 December 2024 (SMEs by 30 June 2025).
The new Vertical Block Exemption Regulation 2022/720, which has been in force since 1 June 2022, provided for a transition period for previously concluded contracts. This expired on 31 May 2023.
The legislation titled "Rental of Residential Properties for Tourism Purposes and Amendments to Certain Laws" was published in the Official Gazette on 2 November 2023.
The Skilled Labour Immigration Act 2023 facilitates the immigration of skilled workers from third countries to Germany. The first legal changes to the right of residence came into force on 18 November 2023, with more to come. Here is an overview of the main changes relevant to employers.
The 2024-2026 Medium-Term Program (MTP) prepared by the Republic of Türkiye Ministry of Treasury and Finance and the Presidency of Strategy and Budget was published in the Official Gazette on 6 September 2023 and numbered 32301.
The Future Financing Act ("ZuFinG") is intended to eliminate the existing tax law "showstoppers" for genuine employee share option plans (ESOPs).
According to the government's explanatory memorandum to the Growth Opportunities Act, the tax exemptions for property transfers involving partnerships will expire when the MoPeG comes into force on 1 January 2024.
The provisions on administrative fines as set out in the German Minimum Wage Act do not result in liability to pay damages on the part managing directors of a German limited liability company pursuant to Sec. 823 of the German Civil Code.
The European legislator has recently agreed on a final version of the EU Data Act which introduces new rules for agreements on data access and sharing.
By Presidential Decree (“Ukaz”), Russia has suspended the application of the main provisions of double taxation treaties (hereinafter referred to as “DTTs”) with what it calls “unfriendly states”.
On 13 July 2023, in a preliminary ruling pursuant to Art. 267 TFEU, the Second Chamber of the European Court of Justice, following a request from the Budapest High Court addressed the standards a prohibition under foreign direct investment review laws and regulations must meet and, in this context, also commented on the EU Screening…
On 1 February 2023, the European Commission presented the Communication 'A Green Deal In-dustrial Plan for the Net-Zero Age'. The ‘Communication’ is a package of measures designed to help the EU industry make progress in the transition to climate neutrality and strengthen its position in global competition, since subsidies abroad are…
Following a proposal by the European Commission and an agreement in the Committee of the Permanent Representatives of the Governments of the Member States to the EU on 21 June 2023, the Council of the European Union adopted the eleventh sanctions package against Russia on 23 June 2023. The relevant regulations were published in the…
Law No. 7445 on the Amendment of the Enforcement and Bankruptcy Law and Certain Laws was published in the Official Gazette dated 5 April 2023, and numbered 32154.
On 19 April 2023, the European Parliament adopted a Regulation on deforestation. Subject to formal approval by the Council, this paves the way for more protection and restoration of forests.
Foreign legal entities directly or indirectly (via subsidiaries) owning or purchasing real estate in Germany must notify the details of their ultimate beneficial owners (UBO) to the German Transparency Register unless they have already duly registered their UBO(s) with the UBO register of another EU member state. Based on recently…
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