The Hungarian Minister of Finance announced on 7 August 2018 that the maximum number of third-country nationals who might be employed in Hungary with work permit shall be 55,000. Last year the limitation was 59,000, which means that the maximum number of third-country nationals has been reduced with 4,000. The decision may be surprising, since according to the statistics severe labour shortage is experienced in key sectors and there is a need for the employment of third-country nationals.
Summarizing Opinion on the Hungarian Judicial Practice of the Possession Protection Cases
The legal practice analyser group of the Curia (i.e. the Hungarian supreme court) published a summarizing opinion on the judicial practice of the possession protection cases initiated before Hungarian notaries. Under the provisions of the Civil Code, the owner shall refrain from any conduct that would unnecessarily disturb others, especially his neighbours, or that would jeopardize the exercise of their rights. The possessor is entitled to request the termination of the disturbance from the notary public within one year.
How Will New EU Directive on Work-Life Balance Affect Family-Related Leave in Hungary?
Gender equality may be a core EU principle, but it will not become a reality without effective legal action. To meet the EU objective of reaching a 75% employment rate for both men and women by 2020, the European Commission aims to change the existing legal framework.
How Will New EU Directive on Work-Life Balance Affect Family-Related Leave in Hungary?
Gender equality may be a core EU principle, but it will not become a reality without effective legal action. To meet the EU objective of reaching a 75% employment rate for both men and women by 2020, the European Commission aims to change the existing legal framework.
Pohla & Hallmagi Advises BMLG on Acquisition of Kunda Port from HeidelbergCement Group
Pohla & Hallmagi has advised Kunda Sadam AS, a company owned by the Baltic Maritime Logistics Group, on the acquisition of Kunda Port from Kunda Nordic Tsement AS, owned by the HeidelbergCement Group. Derling advised HeidelbergCement Group on the sale.
Bryan Cave Leighton Paisner Advises International Investment Bank on Loan to Russia’s State Transport Leasing Company
Bryan Cave Leighton Paisner has advised the International Investment Bank, a multilateral development bank mainly operating in Eastern Europe, Russia, and Asia, on USD 96.5 million multi-asset secured facility for financing and refinancing the acquisition of a number of passenger and special purposes aviation and mining assets for Russia's State Transport Leasing Company. The borrowers had no external counsel.
Act Legal Advises on Saturo Foods Expansion
WMWP Act Legal has advised Vienna-based start-up Saturo Foods on an investment by Square One Foods.
Pepeliaev Group Successful for Mucos Pharma in Insurance Claim Dispute
The Pepeliaev Group has successfully represented Mucos Pharma CZ in a USD 500,000 dispute against a Russian insurance company over a payout under an insurance agreement along with interest for the use of another party's funds.
Sorainen Advises MG Valda on Sale of Park Town Office Complex in Vilnius
Sorainen has advised real estate management and development company MG Valda on the sale of the Park Town office complex in Vilnius.
KG Law Assists Axpo Trading with Successful Application for Greek Licenses
Kyriakides Georgopoulos has helped Axpo Trading AG obtain a Gas Supply License and Electricity Trading License in Greece.