Your guide to commercial law developments across Central and Eastern Europe
Published in July 2024
Welcome to the 2nd edition of our Commercial Newsletter, where we bring you key legal and regulatory updates from across Europe:
- Austria: On 23 November 2023, the Austrian Supreme Court ruled that the Consumer Protection Act applies to data protection clauses if they are considered contractual provisions. On 2 May 2024, the Austrian Ministry of Justice published a revised draft to implement Directive (EU) 2020/1828 on representative actions.
Corporate sustainability: The Corporate Sustainability Reporting Directive (CSRD), effective as of 5 January 2023, must be transposed into national law by 6 July 2024. The Austrian Ministry of Justice has discussed a comprehensive draft for its implementation, proposing significant changes to the commercial code and company law. - Bulgaria: On 18 May 2024, changes were introduced to Bulgarian gambling regulation. Furthermore, a draft law amending the Consumer Protection Act is in the making.
- Slovenia: The Slovenian advertising tribunal issued its first ruling on the use of artificial intelligence in advertising on 4 April 2024, in a case against an insurance company.
- Ukraine: The new law on customs control and economic competition, effective as of 16 May 2024, includes exemptions of military transactions from merger control. Ukraine also launched its State Register of Sanctions on 1 February 2024.
Stay informed with our in-depth coverage of these important developments and more in this edition.
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