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Main Changes to Hungarian Justice Laws

Main Changes to Hungarian Justice Laws

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The most relevant provisions of the act on the amendment of certain justice laws entered into force on 1 January 2020, affecting among others the Public Notary Act, the Company Registry Act and the Forensic Expert Act.

As a result of the modifications of the Public Notary Act, the conditions of the assignment of public notaries have been restricted, since the person, who was punished with removal from position as disciplinary penalty by a final decision of the public notary disciplinary court or who was pronounced as undeserving person, cannot be appointed as public notary until 10 years after the final decision of the court. In addition, such person cannot be a member of a public notary office as a public notary, public notary assistant or public notary associate for the same period of time.

Furthermore, the amendment distinguishes two groups of the cases of suspension of the notary public: in certain cases the disciplinary court must suspend the public notary from his service without any discretion (for instance in case there is a criminal procedure, procedure for placement under guardianship, disqualification or inaptitude procedure against the notary public). In the other category, the disciplinary court may decide on the suspension on the basis of discretion of all circumstances of the case. The amendments to the Public Notary Act also clarify and complete the provisions relating to the public notary documents and public notary certificate.

From 1 October 2019, the regulations on the free company information in the Company Registry Act have been amended in order to hinder the abuses with free company information. However, this amendment resulted in significant conflicts and difficulties in the business practice, thus, from 1 January 2020, the original text of the law has been re-established, i.e. the availability of information of the company registry is free of charge and unlimited again.

By Lidia Suveges, Attorney at law, KCG Partners Law Firm

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

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The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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