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Main Changes to Hungarian Justice Laws

Main Changes to Hungarian Justice Laws

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The most relevant provisions of the act on the amendment of certain justice laws entered into force on 1 January 2020, affecting among others the Public Notary Act, the Company Registry Act and the Forensic Expert Act.

As a result of the modifications of the Public Notary Act, the conditions of the assignment of public notaries have been restricted, since the person, who was punished with removal from position as disciplinary penalty by a final decision of the public notary disciplinary court or who was pronounced as undeserving person, cannot be appointed as public notary until 10 years after the final decision of the court. In addition, such person cannot be a member of a public notary office as a public notary, public notary assistant or public notary associate for the same period of time.

Furthermore, the amendment distinguishes two groups of the cases of suspension of the notary public: in certain cases the disciplinary court must suspend the public notary from his service without any discretion (for instance in case there is a criminal procedure, procedure for placement under guardianship, disqualification or inaptitude procedure against the notary public). In the other category, the disciplinary court may decide on the suspension on the basis of discretion of all circumstances of the case. The amendments to the Public Notary Act also clarify and complete the provisions relating to the public notary documents and public notary certificate.

From 1 October 2019, the regulations on the free company information in the Company Registry Act have been amended in order to hinder the abuses with free company information. However, this amendment resulted in significant conflicts and difficulties in the business practice, thus, from 1 January 2020, the original text of the law has been re-established, i.e. the availability of information of the company registry is free of charge and unlimited again.

By Lidia Suveges, Attorney at law, 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.
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Firm's website: http://www.kcgpartners.com