© 2025 Copyright - Kapolyi Law Firm • Web design & Site by DWEBThis website is maintained by Kapolyi Law Firm according to the laws and internal regulations concerning attorneys, which may be found together with the information on the rights of clients at www.magyarugyvedikamara.hu. Kapolyi Law Firm is a law firm registered by the Budapest Bar Association.
A recently enacted Statute – replacing an earlier Government Decree – is now the guiding regulation on the permissibility of foreign investors acquiring Hungarian strategic companies and their undertaking of specific legal transactions
/in News /by Kapolyi IrodaOn the 17th of June 2020 an Act on the cessation of the emergency and the destiny of regulations made during this period[1] (Mixing-Act) was published according to which it has now been recorded at the statutory level that for the validity of specific transactions in strategic companies (by virtue of contract, unilateral declaration or […]
Tapping Capital: Sources of and Problems with Financing in the Hungarian Market
/in News /by Kapolyi IrodaThe Head of our Banking & Finance Practice Group, dr. Balazs J. Ferenczy, with other leading legal advisors of the Hungarian Banking/Finance industry, has been participating in the Banking Roundtable Discussion, organized by CEE Legal Matters Magazine back in February this year, in order to share thoughts about the current trends of the Hungarian banking […]
The Government Decree – essentially setting forth a requirement for governmental approval – for foreign investors acquiring ownership in Hungarian strategic corporations and conducting specified transactions will remain in force until the end of the year
/in News /by Kapolyi IrodaOn the 25th of May 2020 a Government Decree[1] (Decree) was published according to which for the validity of specific transactions in strategic companies (by virtue of contract, unilateral declaration or a resolution permitting: transfer of ownership free of charge or for consideration; capital increase; transformation, merger and division of the company; the issue of […]
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 […]
The Hungarian National Bank clarified several questions with regards to the repayment moratorium
/in News /by Kapolyi IrodaThe National Bank of Hungary (NBH) has published a prospectus on its website in the form of Frequently Asked Questions regarding the repayment moratorium and the supervisory measures related to the pandemic (Prospectus). The purpose of the Prospectus is to adjust questions, arising in the practice to the main provisions of the Government Decree on […]
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 […]
Kapolyi Law firm is among the best Hungarian law firms in 2020 according to Chambers and Partners and The Legal 500 legal guides
/in News /by Kapolyi IrodaWe are honoured to have been top ranked among the best Hungarian law firms in the 2020 edition of The Legal500 EMEA and Chambers and Partners legal guides.
The meetings of governing bodies of legal entities during the Coronavirus pandemic
/in News /by Kapolyi IrodaBased on Parliament’s authorisation, the Government enacted Decree 102/2020. (IV.10.) on diverging provisions concerning the operation of partnerships and capital companies during the state of emergency (hereinafter: “Decree”). The decree was issued on 11 April 2020 and will remain in effect until the state of emergency ceases according to government Decree 40/2020 (III. 11.). The […]
An interview with dr. Gábor Horváth, Head of the Corporate and Labour Law Department, on arsboni.hu.
/in News /by Kapolyi IrodaSorry, this etry is only available in Hungarian.
Dr. Balázs Ferenczy’s Interview on the Repayment Moratorium on Klubrádió
/in News /by Kapolyi IrodaKapolyi Law Firm’s Head of Banking and Finance Department, dr. Balázs Ferenczy was invited to Klubrádió’s ‘Vállalkozók Klubja’, where the show’s host, Iván Kárpáti, interviewed him on how the repayment moratorium affects the credit market participants. You can listen to the full interview in Hungarian on klubradio.hu. https://www.klubradio.hu/archivum/vallalkozok-klubja-2020-aprilis-06-hetfo-1430-9803
Credit Card and Current Account Debts in Light of the Loan Repayment Moratorium
/in News /by Kapolyi IrodaThe moratorium on loan repayments introduced as a result of the coronavirus pandemic essentially ‘reversed’ regulations on payment obligations arising from credit and loan agreements. With regards to the moratorium, the question of how the payment of debts from credit cards and overdraft facilities are affected arises. These credit products are revolving (i.e.: they do […]
The Hungarian Parliament adopted a law extending the extraordinary legal order
/in News /by Kapolyi IrodaThe Hungarian Parliament adopted the Act XII of 2020 („Coronavirus Act”) on March 30, which extends the extraordinary power of the Hungarian Government for the duration of state of danger (declared almost two weeks ago). The Act retains the right and authorization for the Government to govern by way of government decrees, furthermore, during the […]