Hengeler Mueller has advised Muhr und Bender on the acquisition of RUAG International Holding’s aerostructures activities in Oberpfaffenhofen and Eger. Baker McKenzie, and reportedly Pestalozzi, advised RUAG International Holding. Reportedly, Lakatos, Koves & Partners and Novalex advised Muhr und Bender as well.

The Court of Justice’s strike on protectionism in favor of ‘strategic companies’ in the Member States.

Smart grids are rapidly becoming the backbone of modern electricity networks. The integration of digital communication and control technologies enables smart grids to optimize electricity generation, distribution, and consumption. However, the increased use of digital technologies and the massive amounts of data generated also raises serious concerns about data security. This article will explore the data security concerns around smart grids.

Schoenherr, working alongside Jones Day, has advised GfK SE on the EUR 315 million sale of its European Consumer Panel business to YouGov. DLA Piper advised YouGov.

On 13 June 2023, the Hungarian Parliament adopted a new law regulating the employment of foreign workers. The law introduces the concept of guest workers (third-country nationals from countries outside the EEA and from non-neighbouring countries) and establishes guidelines for their employment in Hungary.

The EU Directives on Work-life balance and on Transparent and predictable working conditions were introduced into the Hungarian national legislation in January 2023 and brought about significant changes and obligations for employers. What do they mean for businesses? 

Hungary has adopted new laws covering various areas, prioritizing electronic registration processes and the construction industry, while also making significant advancements in the energy field, according to Nagy es Trocsanyi Partner Orsolya Kovacs.

CIG Pannonia Insurance has appointed David Kozma as Deputy Chief Executive Officer.

Whereas competition law regimes around the globe struggle to find the right enforcement tools in a fast changing world, leading some jurisdictions to introduce revolutionary and highly sophisticated new intervention powers for competition authorities, Hungary is to experiment a simpler approach: an “increase of the hammer’s size”.

Substantial changes have been introduced by Act XXXI of 2023 amending several acts on judicial matters. The new law has been passed in the beginning of June 2023, however most of its provisions enter into force at a later date.

From 1 January 2024, new provisions of the act on general rules on electronic administration and trust services (“E-administration Act”) will enter into force which aim to resolve the legal uncertainty over the interpretation of the written form of private electronic documents.

Former Burai-Kovacs, Perlaki, Stanka, Szikla & Partners Managing Partner Gergely Stanka has joined Dentons in Hungary, along with a team of seven lawyers, as a Partner in the firm's Litigation, Dispute Resolution, and Arbitration practice on July 1, 2023.

The Hungarian Parliament adopted a new act on 13 June 2023 on the employment of third-country nationals. The purpose of the new regulations is to provide a transparent and unified background for the employment of guest workers coming to Hungary from outside the EU. The new act does not affect the employment of EU nationals and citizens of Ukraine and Serbia in Hungary.

Zsolt Farkas has been appointed a Partner in Oppenheim's Dispute Resolution group in Budapest.

The Hungarian Supreme Court (the Kuria) has recently addressed an important principle related to dismissals that has long been known in labour law jurisprudence. In this article we summarize the decision and its effects.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and stay up to date with the latest developments impacting their respective practice areas. 

On June 30, 2023, Schoenherr announced that OMV’s sale of OMV Slovenija to MOL (as reported by CEE Legal Matters on June 17, 2021) had closed.

Hungary’s agricultural sector has a rich historical tradition but faces challenges due to insufficient financing. The European Union’s Common Agricultural Policy (CAP) provides funding for farm restructuring and market support, while Hungarian farmers can seek financing from banks and cooperatives. The Hungarian government has also established various programs to provide financing for agriculture, including subsidies for machinery and technology investments and funding for training.