Legal

Here are some of the latest changes entering into effect in accordance with amendments of the Act on Public Procurement:   The Government Decree on the implementation of public procurement below thresholds was already adopted in December. However, only contracting authorities fall within the scope of the new law – against the original intentions of the legislator.   Rules on public... »

From January 18, 2017 you can easily block your debtor’s bank account located in the EU by applying for a “European Account Preservation Order”.   The proceedings have one pre-condition: the registered seat or the address of both the debtor and the creditor must be in the EU. The creditor has to prove that there is a risk that, without such a measure, the subsequent enforcement of his... »

From January 1, 2017, the level of fines to be imposed on companies operating webshops will radically increase and the ministry will manage a public database on the webshops and on their operators which have committed serious violations. The bill has been already submitted to the Parliament. As a consequence of the numerous complaints by consumers in regards to webshops the level of the... »

The European payment order procedure might be a practical and cost-effective legal solution for the collection of a monetary claim against a debtor with domicile or registered seat in countries of the European Union (except Denmark). The request for the issue of the European payment order has to be filed with any Hungarian notary public exclusively only on paper using the standardised form... »

On November 8, The Parliament started to discuss the latest government proposal regarding the extensive amendment of the Act on Public Procurement adopted at the end of 2015. The majority of the new rules will enter into effect on January 1, 2017 according to the bill. The amendment would radically transform the rules of public procurements under EU thresholds. One of the most significant... »

This autumn’s tax package was submitted to the Parliament last week, registered under T/12741, containing amendments in all the relevant tax rules in Hungary. Here are some of the most remarkable changes: In case of the Fixed-Rate Tax of Low Tax-Bracket Enterprises (in Hungarian: KATA) the HUF 6 million income threshold will be increased to HUF 12 million and in line with this individual... »