29
Fri, Mar
51 New Articles

Fostering the Regeneration of Brownfield Areas in Hungary

Fostering the Regeneration of Brownfield Areas in Hungary

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

In order to advance the regeneration of brownfield areas, a reform package on the amendment to the Act on the Formation and Protection of the Built Environment was introduced on 4 June 2019.

According to the amendment, brownfield area is a parcel of land or sum of parcels of lands, not including the agricultural and forestry areas, that were abandoned following their primary use for industrial, commercial, transport or defence purposes, they are typically under-utilised, degraded and usually loaded with environmental pollution, although they could be regenerated to a value-added and developed area by environmental and technical development.

The amendment stipulates furthermore that if there is a brownfield area in the administrative territory of a municipality, such municipality must define the brownfield area and its regeneration concept, as well as the possibilities for its development.

By defining the brownfield areas, the Hungarian Government is reacting to the social and economic problems linked to these territories. Developments in brownfield areas could help to decrease urban sprawl and a more sustainable and compact urban structure could be created with efficient and sustainable usage of resources.

By Gabriella Galik, Partner, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com