On 29 October 2024, the Hungarian Ministry of National Economy announced that new laws are submitted to the Parliament to increase the period available for requesting paternity leave.
New Curia Ruling on Rest Periods: Mass Lawsuits and Retroactive Pay on the Horizon?
A recent ruling by Hungary's Curia could signal a wave of lawsuits and substantial overtime compensation claims, potentially impacting millions of workers. According to a March 2023 ruling from the European Court of Justice (ECJ), the daily rest period - a minimum break between shifts - is distinct from the weekly rest period and must be provided beforehand.
Mihai Iorga Makes Partner at Dragne & Asociatii
Dragne & Asociatii has promoted Mihai Iorga to Partner.
Redundancy Procedure in Serbian IT Sector: Causes and Outcomes
The IT sector, a cornerstone of modern economies, is not immune to market fluctuations and corporate restructuring. While its growth trajectory often defies broader economic downturns, redundancies in IT have become a reality in Serbia and across Europe due to shifts in demand, technological evolution, and economic uncertainties. This article delves into the redundancy procedure in Serbia’s IT sector, contrasts it with practices in Europe, and explores the causes and potential outcomes of such measures, with real-world examples.
How to Lawfully Navigate Social Media Checks in Recruitment
In today's digital age, social media has become a ubiquitous presence in our personal and professional lives. For employers, these platforms offer a valuable yet complex tool in the hiring process. While the potential to gather additional insights about job candidates is enticing, it also raises significant legal questions regarding privacy and data protection.
Redistribution of Working Hours: Limitations and Conditions for Reapplication During the Calendar Year
In this article, we address the issue of the redistribution of working hours, specifically the conditions and limitations for its introduction and application within a single calendar year.
Phantom Stock Option Plan – a Modern Method of Motivating Managers Gaining Popularity in CEE
Startups are keen to use motivational tools like the Employee Stock Option Plan (ESOP). These programs do not burden the company with the economic cost of paying additional cash compensation. This way, startups can preserve their cash flow, which is especially sensitive during the initial stages of business development. Simultaneously, such programs effectively motivate employees, who have an interest in increasing the value of the company, as they become its co-owners. For this reason, the cap table of almost every startup today includes an entry for an option pool. However, not every founder wants or can commit to permanently transferring part of the company to employees. In such cases, the Phantom Stock Option Plan (PSOP) presents an interesting alternative.