The Competition Authority will increasingly focus on online commerce in combatting anti-competitive agreements in the coming years.
A webstore may expect a massive monetary penalty if the Competition Authority finds out that the resale and algorithmic price fixings or geographical content blocking (geo-blocking) agreements of the webstore infringe the rules on the prohibition of... »
Legal
June 28, 2017
From July 1, 2017, rules on registered office services will be tightened.
Several companies register virtual offices at the company court of registration which means that the company does not actually operate at that place but postal deliveries are taken over by this service provider. Multinational enterprises often choose to establish daughter companies for taxation or any other... »
June 14, 2017
In June 2017 Dr. Gabriella Nagy-Fribiczer, having an outstanding expertise in public procurements, joined Ecovis Hungary Legal.
Our new expert began her career in public procurement at Public Procurement Council where she held various positions in the leadership for more than 13 years and also acquired rich experience as the head of international and educational department. Besides, she... »
May 30, 2017
According to the latest decision of the Central Bank Of Hungary (MNB) from May 1, 2017 financial institutions will no longer have to publish the fact of the completion of their settlement obligations and other information related to settlement and exchanging rates. The decision suggests that settlement cases were closed by the beginning of 2017 – typically by termination.
Statistical... »
May 23, 2017
The number of registrations with the data protection register greatly increased last year, from 7 to 17 thousand. Nearly half of the 1,000 written concerns in connection with data protection proved to be wrongful. The extent of the monetary penalty is relatively low to the European average; however, it is going to significantly increase thanks to the new European General Data Protection... »
May 16, 2017
In the collaboration of ECOVIS HUNGARY and Vezinfó Publisher new series of professional handbooks is being launched this spring. “Invoicing Handbook 2017” - published in March - is the first piece of the series.
The author is dr. László Kelemen, the head of Ecovis Tax Solution, who explains administrative obligations by summarizing his practical experiences gained during his tax expert... »
