Schoenherr’s Budapest and Prague offices have advised Covivio on its lease of the Carlo IV hotel in Prague and the New York Palace and New York Residence hotels in Budapest to the NH Hotel Group. CMS advised the NH Hotel Group on the deal. 

Who hasn’t queued at the in-store customer service desk to have their warranty stamped? Who hasn’t spent hours figuring out which brand service centre to take a faulty product to? And there are many more, similar nuisances we could add. However, changes in the warranty regulations are set to put an end to these from next year. But what’s good for consumers represents a major additional burden for vendors.

Jozsef Antal, the former Head of Legal and Compliance at Metro Cash & Carry Hungary, has returned to private practice by joining Kapolyi Law Firm as a Partner.

The NGL Symbio law firm alliance has announced its creation in five countries of CEE, and its plans to be fully operational by January 1, 2021.

"I have a Slovak address card, so I don’t have to pay taxes in Hungary…" "I just have to make sure not to spend more than 183 days at home". "I’m a digital nomad, I don’t pay taxes anywhere." Many similar misconceptions circulate in Hungary regarding the rules of tax residence. However, tax regulations are “much smarter” than that and those who follow false illusions may even be exposed to criminal liability.

The Kapolyi Law Firm has advised Duna House, a property brokerage group in Central and Eastern Europe, on its participation in the National Bank of Hungary's Growth Bond Program. 

The Hungarian Government adopted the Government Decree 408/2020 (VIII.30.) ("Government Decree") on 30 August 2020. In the Government Decree it was announced that Hungary will close its borders to foreign citizens as of 1 September. 

Jeantet Local Partners Ioana Knoll-Tudor and Bertrand Barrier have been promoted to Global Partner at Jeantet in Budapest and Kyiv, respectively.

An interview with Andras Busch, General Counsel at Siemens Energy Hungary.

In March, 2020, the Hungarian Energy and Public Utility Regulatory Authority (HEPURA) published the official results of the first tender procedure of the Hungarian Renewable Energy Support System (METAR), in which bidders were encouraged to apply for state subsidies in (i) power plants between 0.3 MW and 1 MW capacity (the “Small Category”) and (ii) power plants between 1 MW and 20 MW capacity (the “Large Category”).

As of 1 January 2021, retailers are required to allow the so-called electronic payments, which means that customers will be able to pay for the products and services by credit or debit cards, mobile phones or instant payments instead of cash. This change would not only be more comfortable for customers, but also it may be an effective solution against black market.

Hungarian Attorney Krisztina Toth has joined Bittera, Kohlrusz & Toth as the head of the firm's Compliance practice.

Arnold Koger has joined Novartis as Head of Legal.

Noerr’s Budapest office has advised K&H Bank on financing provided to Wing Zrt. for development of the Gizella Loft office building.

Employees who have coronavirus tests paid for by their employer will not have to pay tax on them. The Hungarian tax authority published its official guidelines with regards the tax treatment of COVID tests.

The Architectural Copyright Register was started at the very beginning of January 2020, and is intended to contain information about the copyright related to architectural and technical design documentations and the buildings and structures realized based on them.

At the beginning of July 2020, the act on the termination of the undivided joint ownership on lands and the clarification of the data of the rightholders of properties deemed agricultural land in the land registry was published and will enter into force on 1 January 2021.

Noerr’s Budapest office has advised UniCredit Bank on financing provided to GTC for the development of the 29,000 square meter Pillar office building in Budapest. CMS reportedly advised GTC on the deal.