Legal briefings from the world's leading law firms
Hungary
Why is equity protection ineffective in Hungary?
The Hungarian Companies Act and others have long contained provisions to protect creditors. One provision prohibits a limited liability company from paying dividends to its shareholders if it does not have sufficient funds. However, payments of a dividend can also be made in a hidden manner.
Law Firm: Schoenherr | Published: 02 February 2012 | Practice Area: Corporate Financing
Chemical reaction: record fine for industrial spying in the Hungarian pharmaceutical sector
A court in Hungary has awarded a record fine for industrial spying after former managers of a Hungarian pharmaceutical company were held liable for breach of trade secrets and ordered to pay record damages. This briefing from Schoenherr outlines what is known so far.
Law Firm: Schoenherr | Published: 16 January 2012 | Practice Area: Life science
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New amendment causes turbulence in the Hungarian and Austrian banking markets
On 19 September, the Hungarian Parliament adopted an amendment to the Hungarian Banking Act which has already caused major turbulence in the banking sectors. This briefing outlines the conditions banks will be obliged to accept and explains why the amendment may be challenged as unconstitutional.
Law Firm: Schoenherr | Published: 29 September 2011 | Practice Area: Regulation and Compliance
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Regulatory update: Hungary's public procurement act; Polish environmental protection law
Schoenherr's first CEE markets regulatory newsletter focuses on the aims and features of the new Hungarian public procurement act and outlines potential practical problems with transferring Polish environmental permits in case of acquisitions and restructurings.
Law Firm: Schoenherr | Published: 23 September 2011 | Practice Area: Central Government
Hungary adopts new act on data protection
The Hungarian Parliament has passed a new Act No. CXII of 2011 on data protection, which will enter into force in January 2012. The new Act retains the basic elements of the present Act, while providing extended rights for data subjects and new sanctions against infringers.
Law Firm: Schoenherr | Published: 08 September 2011 | Practice Area: Confidentiality
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Corporate law in CEE: incorporating a limited liability company
This briefing from the CEE's Schoenherr provides the reader with an overview of the steps, timescales and costs associated with the establishment of a limited liability company in 19 CEE jurisdictions in which the firm is active.
Law Firm: Schoenherr | Published: 30 September 2010 | Practice Area: Mergers & Acquisitions
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A basic legal primer to wind power generation in CEE
Wind power is playing a vital role in achieving the EU’s renewable energy targets, with the wind power sector continuing to expand. However, the success of wind power is strongly dependent on national regulatory provisions. This guide aims to give investors an overview of the permits required.
Law Firm: Schoenherr | Published: 09 September 2010 | Practice Area: Renewables
Rating: 2 people found this useful
International HR review - Spring 2010
This briefing by Eversheds provides extensive coverage of many of the most significant latest developments in HR and employment law across Europe. It covers issues from a wide range of jurisdictions including Hungary, France, Italy, Germany, Sweden, Denmark, Switzerland and the Slovak Republic.
Law Firm: Eversheds | Published: 06 May 2010 | Practice Area: Contract of Employment and Statutory rights
Law Firm: Schoenherr | Published: 27 April 2010 | Practice Area: Retail Banking
E-Archiving TMT sector group: Hungary
The legal framework relating to electronic archiving varies from jurisdiction to jurisdiction. This guide is intended to provide an overview of the law relating to electronic archiving in Hungary, answering the most frequently asked questions.
Law Firm: CMS | Published: 01 January 2010 | Practice Area: Regulators and Enforcement
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