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The Government plans to amend the Civil Code and reform the registration of legal persons
/in News /by Kapolyi IrodaThe Government has recently submitted two bills concerning legal persons, T/16206 and T/16207, amending the provisions of Act V of 2013 on the Civil Code („Civil Code”) regarding legal persons and introducing a unified register of legal persons (companies and NGOs). According to the Minister’s explanatory memorandum, the amendment of the Civil Code is necessary […]
Beneficial ownership register is introduced
/in News /by Kapolyi IrodaA bill has been submitted on the establishment and operation of a reporting framework for the identification obligations of financial and other service providers, which aims to transpose the provisions of the EU Money Laundering Directives 4 and into national law. The bill provides, inter alia, for the establishment of a central register of beneficial […]
Kapolyi Law Firm is ranked again by Legal 500 as a top tier business law firm in Hungary
/in News /by Kapolyi IrodaKapolyi Law Firm is very pleased that its Banking, Finance and Capital Markets Law practice has again achieved a Tier 1 ranking in the latest edition of Legal 500. We are also happy about the further strengthening of our Real Estate and Construction Law team’s position, now being awarded by a Tier 2 rating in […]
On the latest measures of the Government regarding the epidemiological situation
/in News /by Kapolyi IrodaThe 36th issue of the Hungarian Gazette, 2021 containing the Government Decree 104/2021 (III.5.) on the temporary aggravation of protection measures (hereinafter: Decree), has been published on the 5 March, 2021. The Decree has entered into force on 8 March 2021, and its principal measures are the following. General rules The Decree, as a general […]
Interactive Brokers Central Europe opens its regional headquarters centre in Budapest with the professional support of Kapolyi Law Firm.
/in News /by Kapolyi IrodaThe international brokerage firm Interactive Brokers opened its Central European headquarters in Budapest. Kapolyi Law Firm has played an active role in the authorization process in Hungary as a legal counsel. Interactive Brokers Central Europe is the tenth subsidiary of an international brokerage firm that will manage an ever-growing portfolio of client accounts in Central […]
Group financing: despite legislative changes conservative approach is recommended
/in News /by Kapolyi IrodaFrequent question on management meetings is whether lending in group financing structures would be possible for parent companies or real estate funds for purposes of development or acquiring assets, following the amendment of the definition on group financing set forth in Act CCXXXVII of 2013 on Credit Institutions and Financial Undertakings (Hpt.) effective as of […]
Financial Arbitration – Expanding Possibilities
/in News /by Kapolyi IrodaA new provision of the Hungarian Arbitration Act entered into force on 1 January 2021, which may attract the attention of investors. The stipulation of arbitration proceedings in consumer contracts was generally prohibited until the end of the last year. However, this prohibition, which is intended to ensure the better protection of consumer interests, is […]
In case of high-value real properties even the professional property investors should consider to take out title insurance
/in News /by Kapolyi IrodaIt is not yet widespread in Hungary, although common practice in Anglo-Saxon areas, that at the same time of purchasing a real property of higher-value, principally commercial and industrial ones, or a company owning the real property, buyers take out the so-called title insurance. What does this mean in practice? It will be summarized in […]
The impact of Brexit on EU trademarks
/in News /by Kapolyi IrodaBrexit will bring a number of changes to certain international legal relationships that we can’t anticipate yet; therefore a number of legal issues will arise related to the period beginning on January 1, 2021. Until then, however, there is a transitional period during which we should, as much as possible, prepare for the post-Brexit period. […]
According to the government decree that entered into force on 11 November 2020 no general meeting of more than 10 attendees may be convened until 11 December 2020
/in News /by Kapolyi IrodaSubsection 1 of article 5 of Government Decree No. 484/2020 (XI. 10.) entered into force on 11 November 2020 according to which – with certain exceptions – it is forbidden to organize any event and it is forbidden to be present in person at the venue thereof regardless of the venue of the event. The […]
We have joined IR Global to further strengthen our cross-border legal services
/in News /by Kapolyi IrodaKapolyi Law Firm is expanding its international relations by a further cooperation. By joining the IR Global international network, we are expanding the range of our complex cross-border services primarily in the field of real estate and energy law, thereby enhancing the standard of our services in international legal transactions. IR Global is an international […]
The Government extended the temporarily reintroduced border control until 31 December 2020
/in News /by Kapolyi IrodaIn the second wave of COVID pandemic the number of people infected has skyrocketed, forcing more and more countries to reintroduce restrictions despite of the economic crisis. At the end of August, the Hungarian government announced that it tightens the conditions of entry into the country in accordance with the provisions of Government Decree No. […]
Latest measures of the Hungarian Government concerning the COVID-19 epidemic
/in News /by Kapolyi IrodaThe 195th, 195th and 201th of the 2020 issue of the Hungarian Gazette have published several Government measures related to the epidemiological situation. The most important are the following. On the temporary reintroduction of border control The Hungarian Government, pursuant to the 407/2020. (VIII. 30.) Government Decree considering the existence of a serious threat to […]
Kapolyi Law Firm strengthens with new practice leader and partner in the field of dispute resolution and debt collection
/in News /by Kapolyi IrodaA new senior lawyer with more than 20 years of professional experience in dispute resolution, public procurement, administrative procedure and arbitration law comes to Kapolyi Law Firm. Dr. József Antal leads the law firm’s dispute resolution and debt collection team in a position as partner. Dr. József Antal, the new senior lawyer of the Kapolyi […]