06
Mon, Apr
65 New Articles

New Act on Vocational Training from 1 January 2020

New Act on Vocational Training from 1 January 2020

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

A new act on vocational training entered into force on 1 January 2020.

The new law has reformed the contractual relationship between the employer and the trainee. Until now, the students had worked under the scope of an ‘apprenticeship contract’, while from now on it will be qualified as a ‘vocational employment contract’. An important change is that there will be a pay rise in the salary of student workers, since after January 2020 student wages will become adapted to the changed minimum wages.

Another novelty is that the student pursuing vocational training will be insured under the vocational employment contract, and the payment received on the basis of such contract will be qualified as an income for the purpose of social security contribution. It is important however that the previous practice relating to apprenticeship contracts for students still being under these contracts will not change, i.e. the social security status of a student under apprenticeship contract remains unchanged.

By Levente Csengery, Founding Partner, 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. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

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.

Firm's website.

Our Latest Issue