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New Official Register for General Power of Attorney is Alive from 1 January 2018

New Official Register for General Power of Attorney is Alive from 1 January 2018

Hungary
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A new official electronic register for general power of attorney has been established and is operating from 1 January 2018. The general POAs can be submitted in civil litigation and non-contentious cases and in administrative court procedures. The registration must be initiated at the competent regional courts. The register is not public, however it is available free of charge to the courts and other authorities, as well as to the parties concerned. The register is maintained by the National Office for the Judiciary (in Hungarian: “OBH”). 

The new register means good news especially in mass litigation cases like FX loan matters, where the register will probably ease the administrative burden of the representatives. Until 1 January 2018, no central register was maintained, therefore, the courts requested the representatives to prove in each individual case that they have registered their general POAs, and the information on the registered general POAs was not available even to the judges themselves.  

By Tamas Virag, Attorney at Law, KCG Partners Law Firm

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

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