Legal

Acquisition of companies (“business associations”) with real estate assets may generate an obligation to pay transfer duty.   First of all the company must be a “business association with domestic real estate assets” as it is defined by law.   According to the relevant regulation, the company is considered as business association with domestic real estate assets, if the value of the... »

We are proud to announce that the expert blog by ECOVIS HUNGARY has been launched: Anyone interested can access our Hungarian entries on “Jogadó Blog” where we will regularly share our practical and comprehensive experience.   We will discuss and review issues in the fields of mining law, energy law, trusts, consumer protection, e-commerce, real properties, environment protection, waste... »

The Ministry of Justice has put forward the draft of the new act on attorneys to social consultation. The proposal is available at the Government’s website.   Clients may be also interested in the recent amendments, so we have picked certain provisions to present without going into excessive details. - According to the proposal, the part of the contingency fee exceeding the 2/3 of the... »

A significant amendment of the Act on the registration and procedural rules of civil associations came into force March 1, 2017.   The amendment aims to simplify and accelerate court proceedings in connection with civil associations:   - Simplified procedure becomes available for sport associations, too. - Registration of the civil association takes place automatically by virtue... »

The Hungarian Parliament has adopted the bill T /13091 on the abolishment of certain duties and fees related to public administration thus several charges that burden both private individuals and enterprises will cease to exist. It is good news for entrepreneurs that from the Ides of March no duty or publication fee is to be paid when setting up a limited liability company (“Kft.”), a single... »

The Hungarian National Authority for Data Protection and Freedom of Information recently issued an official informative on the workplace data management titled ‘On the essential requirements of the workplace data management’. The document provides useful information for the employers on the obligations and guarantees in connection with the monitoring of emails, internet and telecommunication... »