At the end of April 2022, the Commission proposed the digitalization of the Schengen visa process, replacing the visa sticker, and introducing the ability to submit visa applications online through a visa platform. This way, applying for a Schengen vis…
Category Archives: Hungary
Lakatos Koves and Partners has advised GLP on its long-term lease agreement with online retailer Alza.hu for a 22,000 square-meter warehouse within the Sziget Logistics Centre in Hungary.
VJT & Partners has advised Navitasoft and its owner on the three-round HUF 1.2 billion capital investment by the Blue Planet Climate Protection Fund. Gardos Mosonyi Tomori reportedly advised the fund.
On 6 April 2022, Council Directive (EU) 2022/542 amending the EU VAT Directive was published in the Official Journal of the EU with substantial changes on place of supply rules and re-shaping the VAT rate system.
Former Head of the Consumer Protection Group at Cerha Hempel Andrea Magdolna Nagy has joined EY Law Hungary and will lead the firm’s Consumer Protection practice.
Lakatos, Koves and Partners, working alongside Clifford Chance’s Munich office, has advised Egeria Capital Behar BV on the acquisition of 100% of the shares of Isoplus. DLA Piper reportedly advised the sellers on the deal.
The European Investment Bank (EIB) will support Hungarian green financing with long-term forint-denominated loans. The cooperation agreement, which was entered into this May and allows the EIB to provide more fixed-rate long-term loans in Hungarian for…
The Hungarian Trade Union Confederation (Magyar Szakszervezeti Szövetség, “MASZSZ”) put together in a ten-point manifesto its long-standing demands accumulated over the past few years. The president of the Confederation announced the manifesto on 27 Ap…
In 2021, the green financial markets substantially increased according to the Green Finance Report of the Central Bank of Hungary (MNB). Credit institutions launched green lending, and four banks are taking advantage of the MNB’s green capital requirem…
At the initiative of the Ministry of Justice, the Hungarian National Bank and the Hungarian Bar Association, the Government adopted a Government Decree in April 2022 regulating in detail the payment of lawyers’ deposits at financial institutions in the…