Noerr has advised oil and gas company MOL on its acquisition of the Hungarian operating company of Marche. Baker McKenzie Zurich reportedly advised the seller, Marche International.
Category Archives: Hungary
In February 2021 the State Secretary of Labour of the Ministry for Innovation and Technology announced a new measure to fight black employment. The amendment of the Act on the Service and Support to Subserve the Employment, and on the Supervisory of Em…
The rules of obligatory invoice data supply were modified as of 4 January 2021 in a way that the data of such invoices, modifying or annulling invoices, which are subject to the invoicing requirements of the Hungarian VAT Act, must be supplied to the t…
Ex Works (EXW) is an international trade term and is one of the 11 current Incoterms Rules, a set of standardized international trade terms that are published by the ICC (International Chamber of Commerce). EXW means that the seller fulfils his obligat…
Court of Justice of the European Union (CJEU) established that for bad debt relief limitation period must begin to run not from the date of performance of the payment obligation initially provided for, but from the date on which the debt became definit…
2021 could greatly simplify the parcelling of jointly owned arable land. Also, the new rules will settle the status of land registered in the name of unidentifiable owners. At the same time, a clearer and more transparent title structure could not only…
Lakatos Koves & Partners has advised European logistics and semi-industrial real estate developer VGP on the construction of the new VGP Park Gyor Beta, in Gyor, Hungary.
Act Ban & Karika reported that it is advising Peri Kft, a Hungarian construction company with a net sales revenue of over HUF 6 billion, on a variety of legal matters.
Provaris has advised Hackrate on the development of an “ethical hacking services” offer for clients.
On 1 March 2021 a new Act on Labour Inspection, Employment Services and Grants will enter into force in Hungary, which replaces the “old” Act on Labour Inspection from 1996. While the new Act contains similar rules, there are some novelties too. Below …