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The current state of crypto-assets regulation in Hungary
/in Publications /by Kapolyi IrodaAct VII of 2024 and MiCA The regulation of cryptocurrencies and crypto-assets in Hungary is continuously evolving to align with EU legislation and technological advancements. Hungary’s legal framework is anchored in Act VII of 2024 on the Crypto-Assets Market, which provides comprehensive regulations regarding the issuance of certain crypto-assets and the provision of related services. […]
The challenges of the Guest Investor Program: The unanswered questions and obstacles behind a stuttering start
/in Publications /by Kapolyi IrodaThe Guest Investor Program, which has been known to many as the „Golden Visa”, which has been the subject of considerable interest and several amendments since its announcement, has been officially launched on 1 July 2024, giving third country investors the opportunity to apply for a guest investor visa and, on the basis of that, […]
Curia decided: currently known platform-based food delivery is not an employment relationship, but legal safety net would be needed according to labour law expert
/in Publications /by Kapolyi IrodaThe Curia has not classified platform-based, self-employed food delivery as employment relationship in a case that has also raised public concern, which means that in Hungary so-called platform workers are excluded from the labour law protection. According to Kapolyi Law Firm’s expert, it is reasonable that not all forms of employment are necessarily employment, but […]
An old-new in rem legal institution in the Hungarian Civil Code: the right of construction
/in Publications /by Kapolyi IrodaA new draft legislative act, which is still under discussion, aiming to amend certain laws “in order to increase the competitiveness of the economy”, has recently been published for public consultation; the backbone thereof are proposals to amend the Civil Code in force. The main points of this draft concerning the Civil Code include inter […]
We attended the IBA Annual Professional Conference in Miami
/in News, Publications /by Kapolyi IrodaWe continue to build our international relationships at the International Bar Association (IBA) Annual Professional Conference in Miami, where we expand and update our knowledge by attending presentations and workshops on corporate law, M&A and dispute resolution, among other topics. Our law firm will be represented at this international event by the founder and head […]
Workers may be replaced from Asia: will there be wage tension and fluctuation in Hungary?
/in Publications /by Kapolyi IrodaIt has become easier to recruit workers from third countries, including from Asia, through certified temporary-work agencies. In addition to the fact that labour shortages in some sectors and the uncertain economic outlook make it increasingly advantageous for employers to hire workers, the new regulation may also have negative consequences for the labour market: wage […]
The Helikon Terrace on the shores of Lake Balaton is progressing well, Kapolyi Law Firm is the legal advisor of the investor
/in News, Publications /by Kapolyi IrodaOne of Keszthely’s new high quality residential projects, Helikon Terasz, has reached the construction stage and held a ceremony with the participation of the contracted buyers in mid-May. Work is progressing according to plan, the first phase of the project is expected to be handed over in the first quarter of 2023. As legal advisors […]
New EU regulation will restrict accommodation portals from summer
/in Publications /by Kapolyi IrodaFrom 1 June, a new EU regulation will come into force that, among others, restricts online accommodation providers from entering into agreements that require hotels to advertise their rooms at the best price with them. The regulation does not only concern the tourism sector, since it deals with restrictive agreements between suppliers and buyers, in […]
Accidents at work while working from home?
/in Publications /by Kapolyi IrodaIntroduction The spread of working from home (home office) in the light of the pandemic has led to particular attention being paid to the development of legislation and judicial practice related to home office. There are two main directions in the Hungarian legal literature regarding the treatment of home office under Hungarian labour law: one […]
A short study about crowdfunding by dr. Balázs FERENCZY, the Head of our Banking & Finance Team
/in Publications /by Kapolyi IrodaIn the early stages of the lifecycle of modern, mostly technology companies, there is no final product, no organization, no go-to-market strategy, no sales; there is only one idea, and from the scarce resources temporarily provided by families or friends, to business angels (angel investors) or venture capital and, in the more mature stage, bank […]
The pandemic may accelerate the spread of electronic procedures in Hungary
/in News, Publications /by Kapolyi IrodaThe pandemic brought significant changes both in the everyday and work lives of people: the use of home office became widespread, while communication is conducted through phone, emails and video conferences. Concurrently for official matters, such as signing contracts and doing banking administration, a person’s signature and personal presence are often essential. According to Kapolyi […]
Competition law in the age of Coronavirus: state-owned venture capital and private equity funds may acquire companies more easily
/in News, Publications /by Kapolyi IrodaSignificant relief was granted to directly or indirectly state-owned venture capital and private equity funds which, individually or jointly with another company, acquire management rights in a company for investment protection purposes. During the period of the emergency, for transactions in which the acquired company was in a difficult situation as a result of the […]
Coronavirus: companies can receive state aid in these five categories according to the European Commission’s resolution
/in News, Publications /by Kapolyi IrodaWith respect to the economic damage caused by the coronavirus pandemic, the European Commission has mitigated its position related to state aid and has temporarily amended the framework in the light of the crisis. The competition law expert of Kapolyi Law Firm summarized the most important information in this regard and the opportunities available to […]
Force majeure and MAC/MAE clauses during the period of Covid-19 in Hungary
/in News, Publications /by Kapolyi IrodaWhat force majeure means? Force majeure (in the Hungarian legal language: “vis maior”) is a legal institution dating back to Roman law, and “means a force or event that human weakness cannot resist.”[1] The legal literature includes both overwhelming natural forces, such as earthquakes, floods, shipwrecks, other natural disasters, and certain human/social movements, such as […]