An integrated CEE law firm with worldwide activities.

PETERKA & PARTNERS Bulgaria contributes to the CEE Legal Matters Comparative Legal Guide for Corporate Governance

PETERKA & PARTNERS contributes to the latest CEE Legal Matters Comparative Legal Guide for Corporate Governance. Svetlana Todorova, Deputy Director and Senior Associate, and Ivelin Chernaev, Senior Associate, both at PETERKA & PARTNERS Bulgaria summoned up local laws, regulations, and industry standards that define the operations of a corporation and other legal responsibilities and obligations […]

Whistleblowing legislation adopted in Bulgaria

The local Bulgarian whistleblowing legislation is in place! The new law applies as from: • 2 May 2023 to employers with 250 or more employees and employers active in certain sectors irrespective of the number of employees;• 17 December 2023 to employees with 50 or more employees. Key issues to be addressed by employers: • […]

Websites associated with air travel sector in sights of Hungarian Competition Authority

The Hungarian Competition Authority (“GVH”) has found that most of the websites of airlines operating in Hungary (including low-cost airlines) and ticket price comparison websites, distort consumers’ choices through imperceptible methods. The GVH provided recommendations to the operators of these websites and to consumers in order for them to comply with consumer protection regulations. The […]

Temporary importation and further re-exportation: what are the VAT consequences? / Тимчасове ввезення та реекспорт: що з ПДВ?

The customs regime of temporary importation is a quite popular customs clearance option in case some equipment is rented from the non-resident. The said customs regime is attractive due to certain benefits it allows, namely, partial release from customs duty and VAT. At the same time, temporary importation combined with further re-exportation of goods implies […]

Implementation of whistleblower protection in the Czech Republic

The Czech Republic is obliged to implement Directive (EU) 2019/1937 of the European Parliament and of the Council on whistleblower protection and to protect persons, typically employees, but also, for example, contractors who report violations of certain legislation against retaliation by the person who is violating said legislation. On 30 November 2022, the expected Whistleblower […]

Checks to be expected on language use in advertisements

The Minister of Justice of Hungary announced that consumer protection checks will begin this year to protect the Hungarian language. In advertisements published/broadcast in media products, and on radio and television programmes in Hungarian, the foreign language text must – with few exceptions (e.g., name of a company or trademark) – also appear in Hungarian. […]

Checks to be expected on language use in advertisements

The Minister of Justice of Hungary announced that consumer protection checks will begin this year to protect the Hungarian language. In advertisements published/broadcast in media products, and on radio and television programmes in Hungarian, the foreign language text must – with few exceptions (e.g., name of a company or trademark) – also appear in Hungarian. […]

Widely-discussed new ESG rules for corporate sustainability reporting finally enter into force in Romania

As of 5 January 2023, the ambitious new rules of the Corporate Sustainability Reporting Directive (CSRD) entered into force. Its aims are to replace its predecessor, the Non-Financial Reporting Directive (NFRD), and to introduce more detailed reporting requirements than ever. The new Directive (EU) 2022/2464 strengthens the transparency and accountability rules compelling companies to disclose […]

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