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New act on controlling foreign investments threatening ‘the safety of Hungary’

New act on controlling foreign investments threatening ‘the safety of Hungary’

by dr. Illés Ádám | Dec 19, 2018 | Corporate Law, Uncategorized

Foreign (non-EU) investments related to certain activities will be subject to the supervision and consent of the Ministry of the Interior according to a recently passed law. The act foresees a prior reporting obligation when foreign investors wish to invest in...
Complex regulation for prohibition of former representatives of companies under forced dissolution

Complex regulation for prohibition of former representatives of companies under forced dissolution

by dr. Illés Ádám | Dec 19, 2018 | Corporate Law, Uncategorized

A recently passed law amends the Companies Act at various points. The rules of prohibiting a company representative from the position gained in complexity. According to the text of the Companies Act currently in effect, the court of registry shall prohibit a person...
Establishing a regulated real estate investment company will be more popular

Establishing a regulated real estate investment company will be more popular

by dr. Illés Ádám | Sep 11, 2018 | Corporate Law, Real Estate

Setting up a regulated real estate investment company (“SZIT”) may gain popularity in Hungary due to favorable changes in legislation. The amended act clarifies what business activities may such companies perform; enables more flexible decisions on dividends; and...
Simplified voluntary winding up procedure will be available for all business associations in Hungary

Simplified voluntary winding up procedure will be available for all business associations in Hungary

by dr. Illés Ádám | May 29, 2018 | Corporate Law, Tax

Starting from 1st June 2018, not only general partnerships, limited partnerships and sole proprietorships but any company may opt for the simplified voluntary winding up procedure if the company is not subject to mandatory audit and if the process will be finished...
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