NEWS
GDPR AT WORK SEMINAR – Invitation
The Danish-Hungarian Business Club and their partners, the Romanian-Hungarian Business Circle (RoCham) and the Czech-Hungarian Business Club in co-operation with our law firm cordially invites you to a lecture on GDPR AT WORK Date: 12th November, 2019. 17:30 – 19.30...
VAT on bad debts will be recoverable from next year in Hungary
An amendment to tax law provisions as entering into effect from 1 January 2020 will make it possible also in Hungary to recover VAT paid on bad debts. We have collected the conditions of the recovering, so your company shall be able to get prepared. Regarding bad...
Problems with quality of the property after purchase? Who shall be responsible?
In this article we summarize the criteria that determine in which cases the seller is liable for a defect of the property after purchasing. „Caveat emptor” – that is „beware Vendor!”- they used to say in the Roman Empire, and such is a basic principle in the...
Occupational accident: how to prevent it and what to do if it occurred?
It is not widely known that in case of an occupational accident, employers may have financial obligation not only towards their employees but also towards the state as well. In addition to the compensation for damages payable to the worker, the employer may be obliged...
GDPR: a lookback on the first year and the practice of the authority
What are the authority’s criteria for imposing fine since the GDPR being in effect? - The president of the National Authority for Data Protection and Freedom of Information (the “NAIH”) gave insights in September at a conference. The NAIH has started to do the honours...
European cartel case before a Hungarian court?
The European Court of Justice (ECJ) passed an iconic decision in a preliminary ruling procedure. A Hungarian company has sued for damages arising from a Europe-wide cartel case before a Hungarian court. The question was whether the case fell under Hungarian...
Autumn changes in company law
Less company data will be available free of charge in Hungary but companies will receive their own company extract once in a month and they may find out easier if a request for insolvency proceeding has been filed against them. The well-known and free of charge...
How flexible a non-compete clause of an executive employee may be?
According to the Labour Code in Hungary, a non-compete clause is valid only if it is for a maximum period of two years and the employer pays at least one-third of the employee's base wage during its term as compensation. However, employment contract of executive...
GDPR omnibus act: inspection of employees and criminal record
Since the GDPR has come into effect last year, we studied the impact of the European Union's data protection reform to workplace data protection several times on our blog. In April, the Parliament passed a law setting out a number of modalities to implement GDPR....
New Law on Asset Management Foundations
A few weeks ago, the Parliament passed a new law introducing asset management foundations. Henceforth, a foundation can be entrusted with the management of larger assets too. Let's take a look at the terms. An asset management foundation may be established for the...