Cerha Hempel has advised CA Immo on the sale of the Vizivaros Business Center in Budapest to the FLE SICAV FIS real estate fund managed by FLE. CMS advised the buyer.
Daniel Gera Appointed New Managing Partner of Schoenherr Hungary
Schoenherr Local Partner Daniel Gera has become the firm’s new Hungarian office Managing Partner, taking over from Local Partner Kinga Hetenyi.
Kinstellar Appoints Seven New Partners in Bratislava, Budapest, Istanbul, and Kyiv
Seven Kinstellar lawyers have been promoted to Partner: Bratislava-based Tomas Melisek, Budapest-based Levente Hegedus, Istanbul-based Bulut Girgin, and Kyiv-based Anastasiya Bolkhovitinova, Natalia Kirichenko, Oleg Matiusha, and Illya Muchnyk.
Hot Money in Hungary: A Buzz Interview with Peter Lakatos of Lakatos, Koves and Partners
The start of the year might have been a bit slow in Hungary as well, but things have shifted towards a more positive outlook for the legal industry in the country, according to Lakatos, Koves and Partners Managing Partner Peter Lakatos.
Daniel Aranyi Makes Partner at Bird & Bird in Budapest
Former Counsel Daniel Aranyi has been promoted to Partner at Bird & Bird in Budapest, where he also leads the firm's Energy and Competition practice.
Hungarian DPA Imposes First Fine for Website Cookie Management
Until recently, news reports regarding cookies have only discussed the gigantic fines imposed by foreign data protection authorities (DPAs) on tech giants (Google, Amazon, Meta). For economic reasons, operators of simple websites are continuing to use their illegal practices without risk until the last possible moment.
Akos Kovach Makes Partner at Hogan Lovells in Hungary
Former Hogan Lovells Counsel Akos Kovach has been promoted to a Partner position in the firm’s Hungarian affiliate law firm of Partos & Noblet.
Hungary: New EU Battery Recycling Legislation’s Impact on Producers
The EU intends to implement a horizontal regulation on the qualification, recycling, and waste management of batteries (Battery Regulation) aiming to replace the existing Batteries Directive. Once the EU approves the Commission’s proposal, the new regulation will make the batteries more sustainable throughout their entire lifecycle, according to EU officials. Given Hungary’s significant role in battery production, we summarize the additional statutory obligations and consequences that could be imposed on battery producers.
Halmos & Janosi Law Office Opens Doors in Budapest in Partnership with Niveus Legal
Former Hogan Lovells Senior Associates Tamas Halmos and Zoltan Janosi have established Halmos & Janosi Law Office which will operate in partnership with the Niveus Group under the Niveus Legal | Halmos and Janosi Law Office brand.
Gabor Simon Makes Partner at DLA Piper in Hungary
DLA Piper lawyer Gabor Simon has been promoted to a Partner position with the firm's Budapest office.
CJEU Ruling on Rest Periods - Hungarian Labour Law to Be Amended
In its recent judgment of 2 March 2023, the CJEU ruled on the concepts of daily and weekly rest period and their relation. The judgment fundamentally contradicts the approach reinforced in the Hungarian Labour Code this year; therefore the legislator has to change the concept of rest periods to comply with the EU Working Time Directive.
(In this article, we analyse the judgment 02/03/2023 - MÁV-START Case C-477/21)
Mandatory E-Invoicing Proposal Within the EU from 2028
From 1 January 2028, e-invoices will be mandatory for cross-border supplies of goods or services. with corresponding ‘near-real time’ reporting. The current maximum issuance requirement of 45 days post-taxable event is proposed to be shortened to just two days.
Hungary: Introduction to the New Company Act
The procedural rules applicable to the registration of companies in Hungary have been largely unchanged since the entry into force of the present Company Act of 2006 (Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings). Now, these long-established practices are about to change, as a new Company Act (Act XCII of 2021 on the Registration of Legal Persons and the Registration Procedure) is being introduced by the legislator.
The Debrief: April 2023
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.
E-Mail Address as Personal Data
In a recently published judgment, the Curia ruled that a private e-mail address containing the full name of a natural person qualifies as personal data. However, the unlawful processing of personal data does not automatically constitute a violation of the right to the protection of personal data in the absence of other elements.
Schoenherr Advises Carrier on Acquisition of EUR 12 Billion Viessmann Climate Solutions
Schoenherr, working alongside Linklaters and Paul Weiss Rifkind Wharton & Garrison, has advised the Carrier Global Corporation on its acquisition of Viessmann Climate Solutions. Hengeler Mueller and, reportedly, Davis Polk & Wardwell advised Viessmann Climate Solutions.
Miklos Kadar Makes Partner at Allen & Overy in Hungary
Former Counsel Miklos Kadar – Head of Allen & Overy Hungary since May 1, 2021 – has been promoted to a Partner position with the firm starting May 1, 2023.
Annulation of the Municipality Decree Provisions on Air Passenger Tax by the Curia
On 28 March 2023, the Curia established that certain provisions of the municipality decree of the 18th District of Budapest on local taxes are contrary to other legislation, and therefore annulled the provisions on air passenger tax with retroactive effect to 1 January 2023.