The COVID-19 pandemic has triggered substantial social changes and a seemingly never-ending rollercoaster of legislative amendments and re-adoptions. Both social and legislative changes occurred in the Employment Sector, inevitably including the sphere of Personal Data Protection (PDP).
Russia: Personal Data Transfers to Russia in Post-Schrems II Era
In its July 2020 Schrems II judgment, the Court of Justice of the European Union invalidated the Privacy Shield for EU-US personal data transfers for commercial purposes. In a case concerning data transfers by Facebook Ireland to the US, the court concluded that because of its mass surveillance programs, the US does not provide the adequate – that is, a sufficient – level of personal data protection that is guaranteed by EU law. What conclusions may be drawn from Schrems II for personal data transfers to Russia almost one year later?
GDPR Enforcement Trends in Poland
The challenges arising from the protection of personal data are countless and inescapable in our landscape. Three years after the GDPR came into force, some clear trends can be seen on the Polish market, from which a set of good enforcement practices may be derived.
Turkey: Data Transfers in M&A Transactions
With the introduction of Turkish Data Protection Law No. 6698 (the KVKK) back in 2016, data privacy has become an important aspect of M&A transactions and due diligence processes. Concerned about the potential administrative fines under the law and the strict scrutiny of the Turkish Data Protection Authority (DPA), buyers started to place greater importance on the compliance of target companies’ privacy practices with the law.
Inside Out: Arkad’s Completion of the Balkan Stream Gas Pipeline in Bulgaria
On December 31, 2020, CEE Legal Matters reported that CMS had advised contractor Arkad on the completion of the Balkan Stream Gas Pipeline project. We reached out to CMS Sofia Managing Partner Kostadin Sirleshtov for more information about the deal.
Modernization of the Bulgarian Military: Recent Developments and New Opportunities
Bulgaria’s accession to NATO in 2004 challenged the country’s army to modernize its armaments and replace obsolete military equipment. This is a multi-stage process, based on a series of political decisions and a consistent implementation of a long-term strategy. Bulgaria must catch up with the other CEE members of the Alliance, which have already completed or are in an advanced stage of modernizing their armies and are already in the capacity-building process. What Bulgaria is planning, how that plan is being executed, and what opportunities we should look forward to in the near future are critical considerations.
The Somewhat Surprising Side Effects of the Coronavirus Pandemic in Bulgaria
A year ago, Bulgaria took its first steps into a new world after several months of almost total lockdown following the outbreak of the COVID-19 pandemic.
Bulgaria – Insolvency in the Spotlight
The July 17, 2021 deadline for implementing Directive (EU) 2019/1023 of the European Parliament and of the Council of June 20, 2019, on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency, and discharge of debt, and amending Directive (EU) 2017/1132 is quickly approaching, leaving little time for EU Member States to adjust their national legislations to its requirements.
Dissonant Optimism: Mergers and Acquisitions in the Bulgarian Technology Industry
Looking at the past 18 months, as economies across CEE contracted, the technology, media, and telecom sector has been surging. A balancing factor for economies, it helped avoid a deeper recession. For CEE law firms, TMT’s solid performance brought in a steady amount of work, helping polish what might otherwise have been a lackluster year.
Guest Editorial: Lawyering in Bulgaria Throughout The Years
Before the democratic changes of 1990 lawyers worked independently but under the supervision of the Minister of Justice. Remunerations were limited, leading to an administrative distribution of work. Lawyers were mainly involved in family and inheritance law, sale-purchase of housing, and cooperative relations.
Extractive Industries: New and Prospective Regulation in Ukraine
While mineral extraction in Ukraine has a high potential for development and attracting investment, it always entails ecological risks which must be properly mitigated. Recently adopted laws, as well as legislation currently considered by Parliament, are aimed at balancing economic development and environmental protection.
Plenty of Reasons for a Positive Outlook: An Interview with Timur Bondaryev of Arzinger
According to Arzinger Managing Partner Timur Bondaryev, competition investigations, investment disputes, and white-collar crime matters have been keeping his team particularly busy these last few months. CEE Legal Matters sat down with him to learn more about the driving forces behind these areas in Ukraine.
M&A in Ukraine
Like the rest of the world, the Ukrainian M&A market was dramatically hit by the coronavirus (COVID-19) pandemic. Indeed, the number of M&A deals decreased in 2020, for the first time since 2014. However, the fourth quarter of 2020 saw a positive surge in the number of M&A deals, and although most of those deals started before the pandemic, the fact that they still happened sent a clear signal: investors are ready to buy in the new reality.
Hard At Work: Ukraine’s Busy Legal Market
The Ukrainian legal services market has been buzzing with work in the first half of 2021. CEE Legal Matters hosted a round table conversation in which Partners at Asters, Avellum, Integrites, Kinstellar, and Sayenko Kharenko discussed the driving forces behind the workload and their outlook for the months to come.
Guest Editorial: Making It Work in Ukraine
The pandemic has been devastating for Ukraine, with underfunded health services struggling to contain COVID-19 contagion. Scenes of hospitals overwhelmed with patients and lacking staff, equipment, and medication will haunt us even as cases drop and vaccinations rise. It has been a traumatic time for our team at the Kyiv Dentons office. We have been working hard to support and guide each other towards the glimmer of light at the end of this long and, at times scary, tunnel.
Learning from Experience
CEE Legal Matters sat down with Go2 Law owner Hugh Owen to talk about career choices, training others, and his newest project, Go2 Law Training.
Financial Restructuring and Consolidation in the Hotel Sector in CEE
Few global industries have been as strongly affected by the COVID-19 pandemic as the hotel industry. All over the world, chains and bespoke hoteliers have had to face the impact of travel restrictions on bookings, in most cases leading to dire falls in occupancy rates and, subsequently, income. Now that the pandemic has been wreaking havoc for over a year, how is the hotel industry in CEE coping, and what options do hoteliers have? We spoke with three CMS Partners – Ana Radnev, Gregor Famira, and Lukas Hejduk – to get their opinions on the current situation and outlook on the future of the sector.
Values Added: Interview with Doru Toma of the Leaders for Justice Program in Romania
Doru Toma, Project Manager of Konrad Adenauer Foundation’s Leaders for Justice program, provides insight into the program’s values, goals, and structure.