ESG is a hot topic in Hungary. Despite the existence of ESG laws, it remains primarily a new approach towards sustainability rather than a set of legal provisions.

The procedure for requesting an exemption from the current ban on building retail units bigger than 300m2 (whether new-builds or extensions) has now been announced.

The acquisition of real property in Hungary may seem to entail just a few administrative steps, but if one looks closer there could be a few pitfalls.

Hungary, renowned for its architectural heritage, is on the verge of a major transformation in architecture and construction.

Then the VAT rate was again increased to 27% for new residential projects, leading to a decline, and from February 2020 the COVID-19 pandemic caused a further downturn.

The Supreme Court of Hungary issued a Civil Law Opinion on 24 June 2009 on various practical issues concerning pre-emption rights, as governed by the Civil Code.

The official language of the tenders will be Russian, but this should not present an obstacle as US and European companies usually participate in tenders of Atomstroy export.

A question has arisen during property purchases about whether the gross or net purchase price should be considered when determining the market value that forms the basis for property transfer tax...

This mostly occurs in the case of high volume projects where more than one general contractor performs construction work in parallel on the construction site ("multiple contractors").

From 1 January 2012, an energy certificate must be produced when buildings are sold or let.

The contractors are still generally punished under the commonly used contracting mechanisms in Hungary instead of being motivated, although in Western Europe contractual clauses facilitating...

If there is no technical possibility to provide the required parking lots, they should be redeemed from the local municipality.

Parliament has banned the construction of retail units bigger than 300m2, whether new-builds or extensions, between 1 January 2012 and 31 December 2014.

According to the rules of the new Civil Code, from March 15, 2014 a prohibition of alienation and encumbrance can be established not only when the object in question is transferred.

Under the Hungarian Civil Code, neighbours are required to refrain from any conduct that would needlessly disturb others, especially their neighbours, or jeopardize the exercise of their rights.

Es ist sehr häufig, dass Grundstücke ungeteiltes gemeinsames Eigentum von ansonsten fremden Personen bilden. Dies führt in der Praxis

László Krupl is a Hungarian attorney specializing in real estate law, greenfield and energy projects, EPC contracts, lease agreements, M&A transactions, and real estate-related litigation.

In a classical sense, a "greenfield investment" is the construction of a new industrial unit in a territory previously used as agricultural area.

Unternehmensverfahren, Abschluss eines Immobilienkaufvertrags: Fast jeder weißt es automatisch, dass für diese Verfahren ein ...

On 15 June 2021, the Hungarian Parliament passed Act C of 2021 on Land Registration that was supposed to enter into force...