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Amendment To The Slovak Act On Information Technologies In Public Administration

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  The Ministry of Investments, Regional Development and Informatization of the Slovak Republic has submitted a proposal to amend the Act on Information Technologies in Public Administration. Its aim is to strengthen the management of the state's digital assets, increase cybersecurity resilience, and introduce clear rules for the use of artificial intelligence in public administration. From the state’s perspective, this is an ambitious reform, but for IT solution suppliers, it introduces numerous negative consequences that fundamentally change the existing contractual practices and business environment. Below is a summary of the key changes and their practical impacts on businesses. 1. Special copyright regime for public sector information technologies A key change is the introduction of a special regime for exercising proprietary rights under the Copyright Act. Public authorities will automatically and unconditionally acquire full proprietary rights to software and databa...
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Commentary Re The US-Ukraine Reconstruction Investment Fund Agreement - Kinstellar

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  The intergovernmental Agreement on the establishment of the US-Ukraine Reconstruction Investment Fund ( Fund ), signed on April 30, 2025, in Washington, D.C. ( Agreement ) reflects a reset of the US-Ukraine geopolitical relationship and looks to provide a strategic blend of economic investment and security cooperation. First and foremost , the Agreement signals US commitment to a sovereign Ukraine to the international community. It provides the US with a direct stake in Ukraine's economic reconstruction by creating the legal foundation for an economic bond between Ukraine and the US. It seeks to reflect the Trump administration’s market-driven approach to rendering foreign assistance by triggering co-investment mechanisms that should lead to a win-win strategy. The Agreement positions Ukraine as a potentially key player in global (and, primarily, European) supply chains by leveraging Ukraine’s reserves of critical minerals (e.g., lithium, cobalt) and energy resources, and i...
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Dive Into The Latest Competition Law Updates In Romania - Kinstellar

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  In the first quarter of 2025, the Romanian Competition Council (“ RCC ”) published several significant decisions, launched new investigations, and imposed fines in cases involving abuse of dominant position, price coordination, and other anticompetitive practices. 1. New FDI Guidelines In February the RCC published the draft FDI guidelines (the “ Guidelines ”), which were up for public consultation until mid-March. The Guidelines aim to clarify the method for the calculation of the investment value in different types of transactions, such as share deals, share capital contributions, multi-jurisdictional transactions, or in case of a loan or financing by an investor. Furthermore, the Guidelines clarify that it is possible to file based on a preliminary agreement, such as a Letter of Intent or a Memorandum of Understanding, provided that the agreement clearly shows the parties’ intention to carry out the investment. Additionally, the Guidelines also aim to define the conc...
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Dive Into The Latest Competition Law Updates In Romania - Kinstellar

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  In the first quarter of 2025, the Romanian Competition Council (“ RCC ”) published several significant decisions, launched new investigations, and imposed fines in cases involving abuse of dominant position, price coordination, and other anticompetitive practices. 1. New FDI Guidelines In February the RCC published the draft FDI guidelines (the “ Guidelines ”), which were up for public consultation until mid-March. The Guidelines aim to clarify the method for the calculation of the investment value in different types of transactions, such as share deals, share capital contributions, multi-jurisdictional transactions, or in case of a loan or financing by an investor. Furthermore, the Guidelines clarify that it is possible to file based on a preliminary agreement, such as a Letter of Intent or a Memorandum of Understanding, provided that the agreement clearly shows the parties’ intention to carry out the investment. Additionally, the Guidelines also aim to define the conc...
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