In the following the duties and responsibilities of the leading managers of a company, i.e. those of the general manager and a proxy will be compared based on the legal provisions currently in effect.

The Act on Energy Efficiency in Hungary, which entered into force in July 2015, and its Governmental Decree on the Enforcement of AEE, encompass the main rules to be observed in the field of energy efficiency.

The first step is to decide that the company doesn't wish to continue its activity anymore.

Auf den ersten Blick scheint es relativ einfach zu entscheiden, ob jemand ein KMU ist oder nicht. Das Gesetz arbeitet mit drei Indikatoren:

Coming into effect on Mach 15, 2014, the new Civil Code contains various important modifications in addition to its structural changes.

From 15 March 2014, public companies limited by shares may provide financial assistance to third parties if certain conditions are met. But no restriction on assistance will apply to private companies limited by shares.

Changing your supplier is a common situation in business. Can you switch between suppliers without restrictions, if there is no fixed term or exclusive contract?

Factoring has emerged as an essential financial solution for businesses in Hungary, offering a fast and flexible way to maintain cash flow and bridge liquidity gaps, especially for those with extended payment terms in sectors like agriculture, manufacturing and logistics...

From 15 March 2014, Hun­gar­ian law will recog­nise the con­cept of trust, and the prob­lems with secur­ing syn­di­cated loans seem to be solved.

In this article, we address the issue of how a foreign monetary judgment delivered in another Member State of the EC and an EFTA Member State, respectively, can be enforced in Hungary.

In this article, we address the issue as to how an owner, such as a foreign company, may claim back his assets located in Hungary following the seizure of such assets within the frame of an enforcement proceeding commenced against an entity possessing such assets based on an agreement concluded by and between the owner (foreign company) and such entity.

The global minimum tax is no longer a distant concept for multinational enterprises (MNEs) and large domestic corporate groups in Hungary.

As of January 1, 2024 a long-cherished dream of startup ventures is becoming a reality. Starting next year, these companies can grant ownership stakes to their employees and executives without incurring any tax liabilities.

A pénzmosás elleni irányelvvel összhangban, egy 2019-es luxemburgi törvény a tényleges tulajdonosok nyilvántartásának létrehozásáról rendelkezett, amelyben a bejegyzett vállalkozások és jogi entitások.

In today's publication, we aim to provide detailed information regarding the general terms and conditions subject to special review and their legal implications.

Bei grenzüberschreitenden Rechtsfällen kann die ungarische Gesellschaft im Ausland klagen oder umgekehrt: sie wird im Ausland verklagt.

Der Europäische Datenschutzausschuss (EDPB) hat kürzlich Richtlinienentwürfe zur Datenschutz-Grundverordnung (DSGVO) herausgegeben. Die Leitlinien geben Empfehlungen,...

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.

Tax due diligence remains a critical element in M&A (mergers and acquisitions) transactions, serving as the foundation for risk identification and informed decision-making.

Micro and small businesses do not have to pay innovation contribution (middle-sized businesses, however, do). The innovation contribution, along with the local business tax...