On 21 December 2023 the Moldovan Parliament adopted significant amendments to the Law No.77/2016 on Information Technology Parks („IT Parks Law”) positioning Moldova as an attractive destination for Business Process Outsourcing (BPO). These amendments notably extend the eligibility criteria for IT Park residents, offering particular advantages to export-oriented BPO service providers.
Recent Trend in Croatian Data Protection: Unveiling a Surge of Enforcement Actions
The fifth anniversary of the General Data Protection Regulation (GDPR) in Croatia has ushered in an unforeseen and substantial transformation in the sphere of data protection. This notable shift is characterized by a surge in enforcement actions led by the Croatian data privacy watchdog, commonly known as the Personal Data Protection Agency (DPA – in Croatian AZOP). In stark contrast to the relatively quiet initial three years following the enactment of the GDPR (2018-2021) in Croatia, 2023 has become a turning point, witnessing a seismic shift in Croatian data protection enforcement.
Regulating a Revolution: AI-Driven Innovation in CEE and Beyond
With artificial intelligence dominating tech conversations over the last year and with a draft AI Act being looked at by the EU, CMS Partners Dora Petranyi, Gabriela Staber, Klaus Pateter, and Olga Belyakova look at where AI is today and how European legislation might impact its future.
Fintech in Lithuania: A Maturing Market
While Lithuania’s fintech sector has emerged as a European powerhouse, the number of licensed companies has been decreasing, indicating a shift towards a more quality-focused approach. Cobalt Partner Akvile Bosaite, Motieka Head of Financial Services and Compliance Sigita Zavisiene, and Walless Partner Joana Baublyte-Kulviete take stock of the sector.
Clyde & Co Moves into Poland with Arkadiusz Krasnodebski, Agnieszka Kulinska, and Radoslaw Goral at the Helm
Clyde & Co has announced that it will open an office in Warsaw, following the hires of Partners Arkadiusz Krasnodebski, Agnieszka Kulinska, and Radoslaw Goral – alongside a team of 20 associates and counsel.
Wojciech Kulczyk and Krzysztof Sikorski Make Partner at WKB Lawyers
Attorneys-at-Law Wojciech Kulczyk and Krzysztof Sikorski have been elevated to Partner positions with WKB Lawyers at the start of 2024.
A Good Refresh to the SCCs on Cross-Border Transmission of Personal Data
Recently, in the legal framework of Moldova was proposed a project regarding the modification of Standard Contractual Clauses (“SCCs”) for cross-border transmission of personal data that is meant to give a good refresh to the current regulation and ensure a better harmonization with the GDPR.