NEWS
Share for work: new tool to motivate employees
The Employee Share Ownership Programme (MRP) has taken root at employers. Its new, partly simpler and partly stricter version, the Special Employee Share Ownership Programme (KMRP), aims to give a boost to this trend. How is it different? What are its advantages and...
Compensation for protracted lawsuits
In the determination of his civil rights and obligations, everyone is entitled to a fair and public lawsuit by a court within a reasonable time. This constitutional principle has so far not been very well elaborated and litigants have only been able to enforce this...
Whistleblower Directive: time to prepare
Under EU Directive 2019/1937 on the protection of persons who report breaches of EU law, a whistleblower protection system will be mandatory for companies with 250 or more employees in the first phase. The deadline for transposition of the directive expires on 17...
Capital structure after COVID – let’s take stock!
Many market players have been hit hard by the pandemic. Some of them got a smaller slice of the declining pie than expected, while others tried to prepare for the post-COVID period with investments and developments. Whatever the decision of the company, like a good...
Start-up funding to get a kick with the EU’s crowdfunding regulation
A unified European regulation on crowdfunding will enter into force on the 10th of November: an EU regulation will allow a crowdfunding platform already licensed in one country to operate in any other Member State. The Hungarian legislator has recently harmonised...
Unfair terms in insurance contracts
Recently, the Public Prosecutor's Office won a case against a large insurance company at the court. The court, in line with the prosecutor's action, found that several clauses of the general terms and conditions applied by the insurance company were unfair and...
Delegation of the right to co-sign
In a case-law decision of 15 February 2021, the Hungarian Supreme Court dealt with the power of representation delegated by a person authorised to represent the company jointly. The case-law decision explained that, as a general rule, in case of co-signing, a contract...
Contents of the declaration of the pre-emptor and the procedure of the Land Registry
In a recent decision, the Supreme Court ruled on whether the Land Registry shall register the ownership of the pre-emptor if he does not accept the seller's offer in its entirety or whether the application for registration should be rejected in such cases. In the...
Reorganisation: a new procedure for rescuing companies in need
A recent emergency legislation of the Hungarian Government has made it possible for companies facing imminent insolvency to initiate reorganisation procedures until 31 December, 2022 in which they may agree with their creditors on rescheduling their debts even by...
Quo Vadis home office?
The pandemic has forced employers and employees to be flexible in terms of how and where work should be performed. In some professions, home office has proven to be efficient, in others it has reduced efficiency and performance indicators. At companies where recent...