NEWS
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...
Changes in building regulations
Minor changes in building regulations have been recently introduced by the government. Changes affect concluding construction contracts, occupancy permits, constructions subject to simplified notification and a few provisions regarding electronic construction log....
Dog days at work – how can employees survive working in the summer?
This summer has already shown a few heatwaves for us. Unless they are on their well-deserved vacation, employees struggle with working under extreme temperatures. Therefore, employers must observe that proper work environment is provided. A special regulation deals...
NAIH strikes – first GDPR fine in Hungary issued
It has been more than a year since the European Union’s data protection regulation, the infamous GDPR has come to effect. Inspections from the data protection authority (NAIH) were expected and so were companies to be found ‘guilty’. The first Hungarian GDPR fine has...
Workers’ representative and Labour Inspection Authority to gain more power from January
Certain rules regarding labour safety and labour inspections are going to change on 1st of January. Workers’ representatives gain more power to check safety at work and the Labour Inspection Authority will have more competence during an inspection. Workers’...
Recovering VAT of irrecoverable claims may change in the future?
The European Court’s recent verdict in the Enzo di Maura case may bring changes in connection with tax base correction in cases when the tax subject intends to reduce its taxbase due to non-payment of their customers. Enzo di Maura wished to reduce his VAT tax base...
Hungarian Competition Authority launches procedure against a company to examine its social media communication
The Hungarian Competition Authority (GVH) started a procedure against Hermina Center Kft. because it suspects that the company gave false impressions to consumers on its social media site. During the procedure which started on 18 October 2018, GVH reviews the...