News | Budapest

24
Aug

Following is part 6 of our series on current European Union sanctions against the Russian Federation. Before continuing, be sure to catch up on our previous posts regarding sanctions against the Russian Federation: Post 1:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – AN OVERVIEW Post 2:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – MARCH 2022 Post 3: EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – ...

08
Aug

Following is part 5 of our series on current European Union sanctions against the Russian Federation. Before continuing, be sure to catch up on our previous posts regarding sanctions against the Russian Federation: Post 1:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – AN OVERVIEW Post 2:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – MARCH 2022 Post 3: EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – ...

11
Jul

Following is part 4 of our series on current European Union sanctions against the Russian Federation. Before continuing, be sure to catch up on our previous posts regarding sanctions against the Russian Federation: Post 1:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – AN OVERVIEW Post 2:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – MARCH 2022 Post 3: EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – ...

27
Jun

Following is part 2 of a series of posts we will be publishing over the coming days and weeks on current European Union sanctions against the Russian Federation. Before continuing, be sure to catch up on our previous post regarding sanctions against the Russian Federation: See also Post 1:  EU SANCTIONS AGAINST THE RUSSIAN FEDERATION – AN OVERVIEW Post 2: An Overview of ...

22
Jun

Following is part 1 of a series of posts we will be publishing over the coming days and weeks on current European Union sanctions against the Russian Federation. An Overview Since March 2014 following Russia’s occupation of Crimea and parts or Donetsk and Luhansk oblasts (administrative districts) of Ukraine, the European Union has imposed a number of restrictive measures against the Russian ...

13
Okt

Since 1 September 2015 natural persons in Hungary have a way to settle debts under the law. The procedure is advantageous for persons and families who have financial problems and want to escape the debt trap and restore their liquidity, while protecting themselves from creditors. The aim of the new regulation is to help such people settle their debts within ...

26
Mai

Employers have a keen economic interest in ensuring that employees keep operational information confidential and spend work time completing necessary tasks efficiently and effectively. For this reason, employers have an inevitable need to monitor the work of their employees. At the same time, monitored employees also have a relevant need to protect their privacy and human dignity. These two opposing ...

16
Apr

The new Hungarian Civil Code (hereinafter: new CC) has defined the stipulations regarding who is allowed to extend guarantees – a form of collateral – under Hungarian Civil Law. According to the new rules, it is clear, that all legal entities – except consumers – may offer guarantees. The new CC also lists and amends the rules for offering guarantees. ...

11
Feb

The new Hungarian Civil Code (hereinafter referred to as: “new CC”), effective since March 15, 2014, does not include the legal institution of “compensation for non-material damages” which previously was regulated under indemnification rules. At the same time “restitution” was introduced to sanction violations of personality rights. Restitution is applicable to violations committed after the new CC’s entry into force. Compensation ...

21
Jan

Have you considered how your limited liability company will fulfil the minimal equity capital of 3,000,000.- HUF (approx. 9640 €) obligation prescribed by the new Hungarian Civil Code? Are you currently completing your 2014 accounting records? In our most recent client alert, we cover how companies may be able to use profit-after-tax from the 2014 business year to cover the ...