CMS Budapest has advised the Belgian real estate developer Atenor on the acquisition of a 19,000 square meter plot of land on the main road corridor in Budapest connecting the city center to the airport.
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Category Archives: Hungary
Baker McKenzie has advised Luxembourg-based Corpus Sireo Real Estate investment fund on its EUR 53.8 million acquisition of the Eiffel Palace building from the National Bank of Hungary. The seller was represented by Deloitte Legal.
A number of changes to the Labor Code expected to come into force on July 1, 2017, will not do so. These amendments to the Code – which were submitted to the President of the Parliament by the head of the Economic Committee – would primarily have affected work-time scheduling provisions, making the Labor Code more sensitive to the needs of the improving economy and changing labor market. According to Parliament, the amendments would have significantly improved production for businesses over a period of six to seven years.
The Budapest office of Dentons has announced that Balazs Csuday, former Ambassador of Hungary, has joined its Regulatory practice as Senior Counsel.
Partner Sandor Haboczky has left the Budapest office of Schoenherr to join the Kapolyi Law Firm.
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Zoltan Kozma has been hired as the Legal Director for Hungary at Microsoft.
From 1 January 2018, a broad range of business entities, including companies limited by shares, limited liability companies, limited partnerships, trade associations, private entrepreneurs, sole corporations, branch offices, cooperatives and law firms as of today, will be obliged to carry out an expansive list of administrative procedures by means of electronic communication.
With slightly over a month to go until the first Hungary General Counsel Summit — the first ever country-specific GC Summit organized by CEE Legal Matters — on August 29, 2017, three members of the “Building the Legal Function as Integral Business Unit” panel scheduled for the event gathered at the offices of Budapest’s OPL Law Firm to plan and prepare for their discussion.
In 2016 the president of the Hungarian Curia set up a new jurisprudence analysing working group for the purpose of examination of the lower courts’ practice in condominium related cases. The analysis involved cases between the period of 1 January 2014 and 31 December 2015, and covered 25 different questions.
Dentons has advised German asset manager KGAL Investment Management GmbH on its EUR 60 million acquisition of the Kalvin Square and City Zen office buildings in downtown Budapest from Europa Capital.