More effective control over the payment services
28.02.2020

Several amendments to the Payment Services and Payment Systems Act entered into force on February 14th 2020. The aim of these amendment is to implement the EU legislation on payment services and to ensure the effective control over the payment services ...

  Controversies Regarding Imitation as unfair Competition Practice
28.02.2020

Within the case-law of the Commission for Protection of Competition (“CPC”) and the Supreme Administrative Court (“SAC”), imitation is defined as a separate breach of competition regulation, which aims to mislead consumers with regards to essential qualities ...

  New guidance on transfer pricing related to financial transactions published by OECD
19.02.2020

Organisation for Economic Co-operation and Development (OECD) released the report Transfer Pricing Guidance on Financial Transactions: Inclusive Framework on BEPS (base erosion and profit shifting): Actions 4, 8-10. What does ...

  Lack of an obligation to declare Beneficial Ownership of companies with ultimate parent companies that are public
18.02.2020

Concerning the frequent misinterpretations of the definition for Beneficial Owner under § 2 of the additional provisions of the Law on Measures against Money Laundering (“LMML”) in connection with the ...

  “Second-hand” e-books
13.02.2020

In one of its recent judgements the European Court of Justice (“ECJ”) has discussed some of the problems with the virtual market of “second-hand” e-books. Sale of second-hand books Every ...

  Investment design and construction permitting of photovoltaic projects on roofs or facades of existing buildings
03.02.2020

This article covers several changes introduced in 2019 regarding investment design and construction permitting of photovoltaic roof or facade power plants. Following the prices fall for photovoltaic projects and the ...

  Forthcoming amendments in the Law on administrative offences and penalties
03.02.2020

The Law amending and supplementing (LAS) the Law on administrative offences and penalties (LAOP), which was suggested for public discussions, provides that the citizens, sole traders and legal entities with ...