On 17 December 2024, in a lawsuit brought by a tenant against his landlord for repayment of operating costs and rent increases based on indexation, the Supreme Court ruled (10 Ob 54/24z) that the landlord was obliged to repay the operating costs, but confirmed the validity of the value retention clause and provided some clarification on points that had previously been controversial.
AI-Generated Content: Copyright Implications
As artificial intelligence (“AI”) technology develops, its capacity to create original works in a wide variety of fields such as literature, music, mass – media, complex art, and even software has become more apparent. This remarkable ability raises significant questions on whether these works may be protected by copyright, and the broader implications for both creators and consumers.
New Mandatory Contractor's Professional Liability Insurance Rules from 2025
The legislator recently introduced a number of implementing regulations for the Architecture Act and more are expected in the near future. In this article, DLA Piper Hungary's lawyers outline the key details of the new, generally mandatory contractor's professional liability insurance, taking into account that contractors must have such insurance from 15 January 2025.
Mandatory Liability Insurance for Construction Contractors Effective 15 January 2025
Based on the contents of the government decree on construction works in effect since 1 October 2024, all domestic construction or design firms and self-employed persons must have compulsory contractors' liability insurance starting from 15 January 2025.
Impact of OFAC Sanctions on NIS AD Novi Sad and Options for their Removal
On 10 January 2025, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of Treasury’s issued a Determination pursuant to Section 1(a)(i) of Executive Order 14024 (“the EO 14024 Determination”) and a Determination pursuant to Section 1(a)(ii) of Executive Order 14071 (“the EO 14071 Determination”).
Good News for Startups and Investors: The IP Contribution is Tax-Free
On 1 January 2025, inter alia, an amendment to the Personal Income Tax Act relating to intellectual property (IP) contribution entered into force.
Montenegro: New Legal Framework in the Field of Construction and Spacial Planning
At the session held on December 19, 2024, the Government of Montenegro adopted the Bill of Law on Construction of Buildings and the Bill of Law on Spatial Planning. It was proposed that these laws should be adopted through an expedited procedure.
Hungary: AI Act Provisions Applicable from February 2025
The AI Act introduces a comprehensive legal framework for companies dealing with AI systems in the EU. From 2 February 2025, companies subject to the regulation must take steps to ensure AI literacy and ensure that no prohibited AI practices are used. Non-compliance could lead to substantial fines.
Trade Debt Recovery in North Macedonia
Recovering trade debts in North Macedonia can be challenging, especially when maintaining ongoing commercial relationships with local debtors. The recovery process entails a business creditor attempting to collect payment for an unpaid invoice for goods or services provided to a local customer who is legally obligated to pay what they owe.
Ukrainian Parliament Approves Revolutionary Law Changing Grid Connection of Renewables and Certain Other Related Key Rules
A new law that will significantly improve the grid connection of renewables was approved by the Ukraine’s parliament, the Verkhovna Rada, on January 14, 2025.
Serbian Competition Commission Submits Four Draft Proposals to Government for Block Exemption Regulations
On 21 January 2025, the Serbian Commission for Protection of Competition submitted draft proposals to the Government for four new regulations concerning the exemption of certain categories of agreements from the prohibition of restrictive agreements.
Czech Act on Digitalization of the Financial Market
On December 6, 2024, the Chamber of Deputies of the Czech Republic approved the Act on Digitalisation of the Financial Market (ZDFT), which represents an important step in adapting the Czech legal framework to European regulations in the area of digital financial markets.
North Macedonia Implements New National Classification of Activities
The Government of North Macedonia adopted an updated version of the National Classification of Activities, NKD Rev. 2.1 (“New Classification”).
The “Right of Free Movement” in the Light of EU Cross-Border Transformation
The Bulgarian Parliament has recently adopted an Act to amend and supplement the Bulgarian Commercial Act[1] implementing the requirements of Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions.
Well-Known Trademarks: Legal Standards and Determination Criteria
Trademarks are more than just logos and brand names—they are powerful symbols that represent the values, quality, and recognition of a company or product. From the iconic swoosh of Nike to the golden arches of McDonald's, well-known trademarks have become ingrained in our daily lives, shaping our consumer habits and perceptions.
Increasing Tax Burden on Energy in Hungary
As part of the fall tax package, the Hungarian Government proposed an automatic, inflation-tracking increase of tax on, inter alia, energy products as of 2025. The actual increase from 1 January 2025, however, significantly exceeds the current (and expected) inflation levels. This might concurrently lead to increased inflation again.
Ukraine’s Financial Market Resilience in 2024
In 2024, the financial market in Ukraine has remained resilient and stable even though the Russian full-scale military aggression against Ukraine approaches its third anniversary. This has been possible due to the continuing financial support coming from Ukraine’s allies and international donors. Notably, G7 leaders have recently announced a USD 50 billion lending package for Ukraine to be repaid with revenues from Russian frozen assets.
Agrarian Notes: A New Digital Tool for Attracting Financing in the Agricultural Sector
Simplifying access to financing for farmers can increase the productivity and profitability of the industry, allowing producers and processors of agricultural products to invest in the latest technologies and innovative solutions, enhancing efficiency.