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The EU trademark history of the Rubik’s Cube, which was invented in 1974 by the Hungarian Erno Rubik, goes back to April 1, 1996, when the UK-based company Seven Towns Ltd, filed an application to register the “three-dimensional puzzles” trademark by using the three-dimensional mark of the Rubik’s Cube. The trademark for the shape was issued by the EU’s Trademark Office (EUIPO) on April 6, 1999. 

The Kapolyi Law Firm has provided legal assistance to the Magyar Posta Takarek Real Estate Fund, represented by Diofa Asset Management, during the acquisition of the 15,000 square meter Infopark G building from Magyar Telekom Telommunications Public Limited Company. Baker & McKenzie advised the sellers on the deal.

Comprehensive Review in Bulgaria

Hristo Nihrizov, Partner at Dimitrov, Petrov & Co., reported that the Bulgarian TV and radio markets are dominated by three big, established operators in the country. There are some new international players (e.g., Bloomberg recently launched a new business-oriented channel with a local partner), but Nihrizov noted that these new channels usually face an uphill battle in carving out market share and generally focus instead on niche markets. Overall, though, he pointed to a growing number of channels in the country, “which is good for the consumers.”

Hungarian competition expert Marton Horanyi has returned to Kajtar Takacs Hegymegi-Barakonyi Baker & McKenzie as a Partner, where he join the team specializing in competition law, government funds, commercial practices and consumer protection, as well as European Union law.

The codification of the new Hungarian Civil Procedure Act has commenced in 2014, for the purpose of which several working committees have been set up. As a result of the preparatory works, the Hungarian Government accepted the bill on the new Civil Procedure Act in 2015, and following a professional debate, the Minister of Justice submitted it to the Parliament on 2 September 2016. 

Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.

Schoenherr, working with the Swiss firm Bar & Karrer as lead counsel, is advising OVS S.p.A., a leading Italian clothing retailer, and Sempione Retail AG, in connection with Sempione Retail's cash tender offer for all publicly held bearer shares of Swiss company Charles Vogele Holding AG in Austria, Hungary, Slovenia, and Poland. The Swiss Homburger firm and investment bank Lazard advised Charles Vogele.

Financial law - Implementation of the “basic bank account” and simplifying the change of a payment account

As a result of the implementation of Directive 2014/92/EU of the European Parliament and of the Council on the comparability of fees related to payment accounts, changing payment account and access to payment accounts with basic features, several decrees have been issued by the Hungarian Government.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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