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Hungary has taken another step to support businesses and strengthen its competitive tax environment. On 18 November 2025, the Hungarian Parliament passed a new Act (“the Act”) designed to reduce the tax burden and simplify administration for companies. The goal is clear: maintain one of Europe’s most attractive tax systems while encouraging investment and sustainable growth. What does this mean for businesses? The Act introduces new tax incentives for clean technology projects, environmental protection investments and energy infrastructure modernisation.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around, we asked: What is the one most time-consuming administrative task for you as a Managing Partner, and what, if anything, have you done to try to minimize time spent on it?

Wolf Theiss has advised joint lead managers and joint bookrunners Raiffeisen Bank International and Montega Markets on the exchange offer for UBM Development’s outstanding 2019 and 2021 bonds and the subsequent cash subscription offer of UBM’s EUR 75 million 6.750% Green Bond due 2025–2030. DLA Piper advised UBM.

Clinical trials are and will remain crucial to drug development and the improvement of patient health. In Europe, approximately 80 per cent of clinical trials experience difficulties in obtaining or retaining an adequate number of participants, leading to increased costs and delays in bringing a medicinal product to market or even abandonment of the project altogether. Despite the increasing number of clinical trials and maintaining a strong position in the global clinical trials market, Poland is no exception.

In a sweeping legislative overhaul, Bulgaria is redefining the framework governing corporate liability for criminal offences. The reform package – encompassing amendments to the Bulgarian Criminal Code, the Bulgarian Criminal Procedure Code (CPC) and most notably the Bulgarian Administrative Violations and Sanctions Act (AVSA) – marks a pivotal shift in the prosecution and sanctioning of corporate misconduct.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Dark patterns have become a common feature of digital consumer interaction. While their manipulative nature leads to unfair commercial practices, the current applicable regulatory framework and a lack of case law pose challenges to enforcing fair commercial practices by online businesses. A recent court decision in Germany gives the first clarifications by giving an interpretation of the overlaps in scope of the Digital Services Act (DSA) and the Unfair Commercial Practices Directive (UCP Directive).

After nearly nine years, Bulgaria’s Commission for Protection of Competition (the CPC) has a new board of commissioners. The newly appointed leadership has launched its mandate with a sweeping agenda of reforms, intensified enforcement and strong focus on Bulgaria’s upcoming euro adoption. With Bulgaria set to adopt the euro on 1 January 2026, the CPC has begun operations under the concern that some businesses may exploit the currency transition to unjustifiably raise prices.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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Wolf Theiss – Leading Lawyers in CEE/SEE