With regard to the state of danger (regulated by the Fundamental Law of Hungary), the Government amended the government decree on the application of telework rules during the summer, which rules are expected to be applicable until 1 January 2022 in view of the extension of the state of danger, emergency.
Until 22 May 2021, companies in imminent insolvency may initiate reorganization proceedings at the Metropolitan Court. The government decree, which entered into force on 17 April 2021, temporarily provides a completely new procedural option to help companies in financial difficulties, which is very similar to the already known bankruptcy procedure, but there are some important differences. The most important information is presented by the experts of the KRS Law Office in their comprehensive article.
Until 22 May 2021, companies in imminent insolvency may initiate reorganization proceedings at the Metropolitan Court. The government decree, which entered into force on 17 April 2021, temporarily provides a completely new procedural option to help companies in financial difficulties, which is very similar to the already known bankruptcy procedure, but there are some important differences. The most important information is presented by the experts of the KRS Law Office in their comprehensive article.
KRS represented Hungary's leading cosmetics company, HÉLIA-D Kft., in a competitor acquisition during contract negotiations, legal due diligence and contract conclusion.
It gives us a great pleasure to inform you that as a result of several years of professional research, preparation and development work, our office has launched its legal services interface of
In most cases, employers install a GPS tracker in the vehicles they own to monitor the employee. However, this practice is not considered lawful without an established privacy policy, a balancing test and an associated privacy impact assessment, and we usually find infringing practices in many cases, so we summarize below how a GPS can be used legally, thus avoiding a potential fine.
How to track your company car via GPS legally?
As it is widely known from the press, from 1 January 2021, if certain requirements are all met, the VAT rate is 5% instead of 27% for the sale of new-build flats and for the consideration for the construction services in connection with the construction of new-build flats under independent contractor agreements.
A well-designed and well-managed bankruptcy procedure can be an excellent tool for reorganisation, for many companies, even those facing financial difficulties due to the viral situation, to be a means of survival and even innovation!
Our writing draws attention to important aspects of bankruptcy agreement.
In the Civil Code (hereinafter referred to as the ‘Ptk.’), the provisions of Book Seven on the law of succession prescribe that ‘upon a person’s death, their estate shall pass as a whole to their heir’, and ‘upon the opening of the succession, the heir shall obtain, without acceptance or any other legal act, the estate, the part of the estate or a certain object of the estate granted to them.’
