CEE Legal Matters’ Post

💡 Please feel free to join us on Thursday to learn more about recent developments in #competition law and #FDI rules across #CEE 🚀

A new edition of The Legal Industry Reviews magazine is out! 📖 Read our latest article on Foreign Direct Investment rules here:  https://lnkd.in/et-mCrEv.

#AmChamAdvocacy AmCham Romania’s 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 & 𝐒𝐭𝐚𝐭𝐞 𝐀𝐢𝐝 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞 kicked off the new mandate with a productive meeting today, setting a focused agenda for the upcoming period. The Committee remains dedicated to advancing members’ vision and recommendations to develop efficient and balanced competition policies and legislation, aligned with EU procedures and best practices. These policies will foster economic growth, wealth, and job creation by ensuring a level playing field for businesses. Additionally, the State Aid group continues to advocate for an EU-compliant state-aid policy to enhance Romania’s attractiveness and competitiveness. The committee's current 𝐟𝐨𝐜𝐮𝐬 𝐚𝐫𝐞𝐚𝐬 include: ➡ Providing recommendations on primary and secondary legislation in fields such as antitrust, FDI screening, and merger control, ➡ Advocating on the implementation of the Office of Hearing Officer, ➡ Develop recommendations for future state-aid schemes and identify the unique advantages of Romania as an investment location compared to other countries. For the 2024 mandate, 𝐀𝐦𝐂𝐡𝐚𝐦 𝐁𝐨𝐚𝐫𝐝 𝐦𝐞𝐦𝐛𝐞r Gabriela Popescu, Corporate, External, and Legal Affairs Lead for Central Europe at Microsoft Romania will serve as 𝐂𝐡𝐚𝐢𝐫. She will be supported by Deputy Chairs Otilia Vilcu, Partner at GNP Guia Naghi and Partners, and Iulian Sorescu, Head of Financial & State Aid Romania at Noerr. #amchamromania #businesscommunity #policyindustry #dialogue #consulations #publicpolicy #competition #stateaid #investinromania #levelplayingfield #fdi  

INVESTING IN THE NORDICS Join my colleagues Timo Huhtala, Stian Wessel and Lara Kiefer on October 17th for an engaging panel discussion on the increase in transactions and Greenfield investments in Finland and Norway. Highlighted will be not only the importance of understanding legal and tax frameworks, but also the cultural nuances essential for successful and compliant business operations. More information below. Registration link in the comment section. Rödl & Partner Attorneys Finland Advokatfirmaet Seland | Rödl & Partner #Investments #Finland #Norway

ICYMI: Earlier this week, we published our report with The Legal 500, on Greece's Odyssey to FDI and Golden Visa Success. 🇬🇷   Thank you to the team at The Legal 500 for working with us to highlight how the Greek economy has boomed, in no small part due to the opportunities for foreign direct investment.   Read the report here: https://lnkd.in/dFGVSptp   #ConnectWithGreece

Today the Rule of Law Report on Four of the Business-Related areas was presented before the AmCham Bulgaria membership at the American Corner of Sofia City Library. Three of the authors presented their work, thoughts on the subject and its practical implications, and answered members’ questions. We were delighted having Ass. Prof. Hristev Hristo, ass. Anastas Punev, and attn. Georgi Atanasov sharing their valuable insight. The meeting was moderated by Omourtag Petkov, Chair, Rule of Law and Legislative Reform Committee. This project was supported by CIPE Europe & Eurasia #ruleoflaw #investmentenvironment #businessclimate

NAVIGATING CZECH AND SLOVAK FDI LANDSCAPE 🚢 Czechia and Slovakia continue to be magnets for foreign investment. Yet, ensuring compliance with the ever-evolving legal framework surrounding foreign direct investments (FDI) can be a complex endeavor. 🤔 Introducing HAVEL & PARTNERS's dedicated FDI team! We are a group of seasoned legal professionals with a comprehensive understanding of the intricacies of the Czech and Slovak FDI legislation. Our NEW LEAFLETS📰 serve as a concise yet informative resource, outlining: 1️⃣ Key FDI regulations: Who qualifies as a foreign investor? What transactions trigger notification requirements? 2️⃣ Practical guidance: Demystifying crucial concepts and timelines associated with FDI compliance. 3️⃣ Fines and consequences: Understanding the potential implications of non-compliance. 💾 If you want your own complimentary leaflets - please contact us by any means. Let's discuss your specific FDI needs! We are ready to navigate the ever-changing regulatory landscape and ensure a smooth investment journey for your business both in Czechia and Slovakia. Lenka Štiková Gachová, Roman Světnický, Dušan Valent, Martin Rott & Tomáš Varšo HAVEL & PARTNERS, Slovak Republic #FDI #CzechRepublic #Czechia #Slovakia #CompetitionLaw #LegalExpertise

TIME LIMITATIONS FOR RECOGNITION AND ENFORCEMENT OF FOREIGN ARBITRAL AWARDS IN UZBEKISTAN As you may know, the NYC remains silent on the applicable time limitations for applications on recognition and enforcement of foreign arbitral awards, and thus states are entitled to specify the timing under Article III of the NYC. Tashkent city Economic Court touched upon this matter in its order. A foreign company initiated an action on recognition and enforcement of an ICC award made on April 27, 2020. The applicant in its application argued that (i) the grounds for refusal indicated in Article V of NYC are exhaustive, and (ii) the Convention itself does not include a time limitation for enforcement action. Also, (iii) he claims the supremacy of international agreements/norms over national law which provides a three-year time limit.  Pursuant to Article 248 of Code of Economic Procedure, the aforementioned time limitation is three years starting from the date which a foreign arbitral award takes effect. The applications made after passing the time limitation are rejected by the court as per Resolution of Plenum of Supreme Court No. 27 dated November 20, 2023. Tashkent city Economic Court rejected the application on recognition and enforcement of an ICC award based on the grounds stated above. The interesting point is here that an enforcement application may be dismissed only if the grounds stated article V of NYC is in place. In turn, article V of NYC does not provide time limitations as Applicant argues. A clear point is that there is an inconsistency between Article 252 of Code of Economic Procedure and point No. 66 of Resolution of Plenum No.27.     #recognition_and_enforcement_of_foreign_arbitral_awards_in_Uzbekistan #NYC  #international_arbitration_in_Uzbekistan  #court_practice_in_arbitration_matters #code_of_economic_procedure

Need documents notarized for international use? 🌍 If you’re in a country part of The Hague Convention, the process is streamlined with an apostille. It’s recognized across all member countries, making international paperwork hassle-free. 📜✒️ #HagueConvention #Notarization #Apostille #InternationalDocuments #NotaryServices

Our new Recommendation Package is now published! 📑🎉📢🎉 We are proud to announce that AmCham has released the Cooperation for a More Competitive and Sustainable Hungary Recommendation Package for 2024-2025. Our aim with the Recommendation Package is to continue a constructive dialogue between business and policymakers, essential for enhancing the long-term performance of the economy.  Through our new policy paper our focus spans four key areas:  1. General Business and Investment Environment including transition to a higher value added economy 📈 2. Taxation and Competitiveness 💰📊 3. Human Capital encompassing Workforce & Education, and Healthcare 👩💼👨💼🎓🏥💉🩺 4. Smart Growth centered around the key questions of Innovation, Digitalization, and Sustainability 💡🔬💻♻️🌍 You can access the Recommendation Package in Hungarian on our website: https://lnkd.in/dTsqGUbH The English version is also coming! Stay tuned for more. #AmChamHungary #recommendationpackage #advocacywork #businessevironment #FDI #tax #regulatory #humancapital #smartgrowth #workforce #education #healthcare