Drakopoulos has advised the European Commission's Directorate-General for Energy on reviewing the transposition process of Directive 2018/2001 (RED II) on the promotion of the use of energy from renewable sources into the Greek legal framework. Dimitrov Petrov & Co, Kirm Perpar, Wardynski & Partners, and Kinstellar Croatian affiliate Zuric i Partneri advised on the transposition review in Bulgaria, Slovenia, Poland, and Croatia, respectively. CLM Bitai & Partners and Vojcik & Partners also reportedly advised the European Commission.
Hungary: Hybrid Arbitration Clauses – Do They Ever Really Work?
No one signs a commercial contract expecting or wanting a dispute. But a watertight contract with a solid arbitration clause can provide a vital sense of security to the signing parties. In some cases, however, an arbitration clause itself can cause procedural complications that have to be addressed even before a dispute between the parties can begin to be solved.
Lakatos Koves & Partners Advises Toyo Ink on Entering Hungarian Market with New Plant
Lakatos Koves & Partners has advised the Japan-based Toyo Ink Group on its market entry and operation of its new battery component plant in Hungary.
LKT Advises Zenitech on Acquisition of Autsoft
Lakatos Koves & Partners, working with Stevens & Bolton, has advised the Zenitech group on the acquisition of Autsoft.
Are NFTs Subject to VAT?
According to its latest ruling, the Spanish tax authority certainly considers so. However, the recent boom in the popularity of NFTs poses more questions than answers from the perspective of indirect taxes.
Balazs Mak Relocates to Amsterdam as VP of Legal Affairs of Paramount’s Global Distribution Group
Hungarian lawyer Balazs Mak, Vice President of Legal Affairs at Paramount Global Content Distribution, has moved to Paramount Global’s Amsterdam offices.
It All Boils Down to Energy in Hungary: A Buzz Interview with Rita Parkanyi of KCG Partners
The energy crisis has led to businesses shutting down for the winter and subsequent employment-related issues, with the Hungarian government now providing energy subsidies, according to KCG Partners Founding Partner Rita Parkanyi.
Curia’s Clarification on Working Time Records
According to the Hungarian Labor Code, employers shall keep records of the durations of regular working time and overtime, standby duty, periods of leave and overtime work performed. The working time records should be updated on a daily basis and should contain facilities to identify the time of commencement and end of any regular and overtime work and standby duty. Records of the durations of regular working time and overtime may be maintained in the form of verifying the work schedule made out in writing at the end of the month, updated on a daily basis. The Labor Code, however, does not address the question where the working time records should be physically stored.
BSRP Advises E.ON Hungaria on Merger of Trading Companies into E.ON Energy Solutions
Ban, S. Szabo, Rausch & Partners has advised E.ON Hungaria on the merger of trading companies Elmu-Emasz Energiaszolgaltato and Elmu-Emasz Energy Supplier into E.ON Energy Solutions.
Anti-corruption Authority to Be Set up in Hungary
The Hungarian Parliament passed a law at the beginning of October 2022 to set up a new anti-corruption authority called “Integrity Authority” as a part of a legislative package, that was aimed to reach a compromise with the EU regarding the withholding of funds.
Local Business Tax Can be Paid in Euros and US Dollars
According to a new government decree published in the Hungarian Gazette on 26 September 2022, taxpayers can pay their local business tax advance and local business tax from 1 January 2023 by transferring the amount in euro or US dollars. Taxpayers belonging to a special economic zone can pay the local business tax to the account opened for this purpose by the National Tax and Customs Authority.
Dentons Advises Groupama Gan REIM on Acquisition of Freedom Palace in Budapest
Dentons has advised Groupama Gan REIM on its acquisition of the Freedom Palace in Budapest.
Annamaria Csenterics Joins Kinstellar Budapest as Partner
Former Dentons Partner Annamaria Csenterics has joined Kinstellar in Budapest as a Partner to co-head the Corporate/M&A service line, including Real Estate and Private Equity, together with Gabor Gelencser.
Andersen Legal and Moore Legal Advise on Hiventures Investment in Solar Markt
Andersen Legal has advised Solar Markt on a long-term strategic agreement with investor Hiventures. Moore Legal Kovacs advised Hiventures.
Contentious Updates in Hungary: A Buzz Interview with Istvan Varga of Provaris
There are substantial recent developments in dispute resolution and litigation in Hungary, with some uncertainty about the application of the CJEU’s jurisprudence to domestic litigation, as well as new arbitration rules coming into force, according to Provaris Managing Partner Istvan Varga.
Hot Practice in Hungary: Agnes Bejo on Jalsovszky’s M&A and Private Equity Practice
The dynamic M&A and Private Equity practice has been the standard bearer for Jalsovszky in the past few months, mainly driven by the post-pandemic release of investment funds and booming production and healthcare sectors in Hungary, according to Practice Leader Agnes Bejo.
Penteris, HKV, and Oppenheim Advise on Immofinanz's EUR 324.2 Million Acquisition of Retail Portfolio from CPI
Penteris, HKV, and Oppenheim have advised Immofinanz on the acquisition of a retail property portfolio from the CPI Property Group for EUR 324.2 million. Reportedly, BPV Braun Partners advised Immofinanz as well.
Hot Practice in Hungary: Adam Liber on Provaris’ Digital and Technology Practice
The very vibrant levels of work in Provaris’ Digital and Technology practice are being driven by the latest ECJ decisions, legislative changes, and a rising tide of privacy awareness, according to Partner Adam Liber, Co-Head of the firm's Digital and Technology practice.