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 ...
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 ...
Companies use trademarks to distinguish themselves and their goods or services in the vast and challenging sea of competitive markets. Trademarks have become a symbol of quality and a tool to encapsulate value. By building on consumer confidence, they are a sign of a company’s goodwill and a means for building customer brand loyalty. Consumers come to emotionally connect with ...
Statutes of Limitations can play a significant role when a party seeks enforcement of claims. The more time that passes, the more difficult it can be to prove a claim. Documents get lost and who said or did what becomes less clear. For claims with no Statutes of Limitations set by law, the courts must determine the claim within the ...
The new Civil Code of Hungary entered into force on March 15, 2014 and introduces many changes including new provisions on the liability of executive officers. The new law extends the liability of corporate executives to include not only liability towards the company (for breach of contract) but also towards third parties (based on liability arising from non-contractual damages). Furthermore, the Code ...
Hungarian AIDA Conference, Budapest, 29-30 November 2012 Dr Gabriella Benisch, partner in the Budapest office, will speak on the history of settlement of insurance disputes at the IXX AIDA Budapest Insurance Colloquium in Budapest being held from 29 – 30 November 2012. Ms. Benisch will discuss different settlement methods and their changes throughout history from the late 19th century till now. The Hungarian ...
ANNOUNCEMENT FROM OUR BUDAPEST OFFICE: We are pleased to announce that we have restructured our Budapest Office as of 1 July 2010. Györgyi Gonda and László Mészáros have joined with Gabriella Benisch to act as equity and managing partners of BGM Specht Law Firm. All the attorneys have years of experience and know-how in international law firms. The other lawyers and colleagues of ...