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.
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.
Kinstellar has advised Hiventures Zrt. on its investment into Global Web Solutions Kft., a Hungarian company providing a range of online HR services to shared service centers. The parties signed the transaction documents on August 17, 2017.
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Former Kinstellar Counsel Edina Schweizer has joined Noerr as Associated Partner in Budapest and Head of the firm’s local Banking & Finance team. She will also assume the role of Co-head of Noerr’s CEE Banking and Finance Practice, which works across the firm’s core CEE countries of Czech Republic, Poland, Romania, Slovakia, and Hungary.