NEWS
Corporate governance during the second wave of COVID-19
Extraordinary corporate rules have been reintroduced, for the time being until 08 February, 2021, due to the second wave of COVID-19 and in order to provide continuous operation of companies despite the restrictive provisions. The special legislation for companies...
Pandemic measures tightened due to the second wave of the coronavirus
In light of the second wave of COVID-19, Hungary introduced a partial curfew, restricted the opening hours of shops and took a few measures to protect the economy. From midnight 11th November 2020, a curfew is in effect between 8 pm and 5 am which means that everyone...
Consumer contracts: longer commercial guarantee, electronic guarantee document, simpler claim enforcement
On 1 January 2021, two new laws will enter into force, which will change the legal framework for warranty and guarantee claims concerning certain consumer goods. We provide a brief summary of the amendment of the Government Decree on mandatory commercial guarantee on...
Insolvency proceedings during the epidemiological preparedness
The regulations on epidemiological preparedness that came into force after the end of the state of emergency retained the amendments to the legislation on initiating insolvency proceedings aiming to help companies in difficult financial situation. In our article, we...
Employment law during pandemical preparedness
Special employment law rules adopted during the first wave of the coronavirus have already been repealed, hence, in the middle of the second wave, employers must act in accordance with the general rules but with special care and consideration. According to the rule...
Restrictions on foreign direct investments will apply at least until the end of the year
According to the law passed upon the end of the state of danger, until 31 December this year, a foreign direct investment (FDI) to a company operating in a strategic industry will require prior approval of the Ministry for Innovation and Technology (ITM). The concept...
Protective measures for the second wave of the coronavirus
Due to the second wave of COVID-19 and the growing number of infected people, the Government of Hungary has ordered new epidemiological measures from 21 September 2020. The relevant government decree stipulates that everyone, except a minor under the age of 6, must...
Travel restrictions due to pandemical preparedness
Due to the second wave of the coronavirus, the Hungarian government introduced travel restrictions that came into effect on September 1, 2020 to protect citizens in Hungary. According to Government Decree 408/2020 (VIII.30.) on travel restrictions during the...
New travel restrictions in Hungary
UPDATED: 7 AUGUST, 2020 As the coronavirus pandemic has picked up recently in many countries of the world, Hungary introduces travel restrictions in international traffic. The chief medical officer grouped each country into three categories: green, yellow and red,...
Buying real estate from your home
When buying a real estate, personal presence seems unavoidable due to strict identification rules. We now present how we can provide for a secure deal without meeting the other party. Anti-money laundering act and the act on attorneys makes identification possible...