On 23 May 2023, the Parliament adopted the Hungarian Act No. XXV of 2023 on the Rules on Complaints, Whistleblowing and Reporting Abuses of Public Interest (the „Act”) – implementing and transposing the EU Directive 2019/1937 on the protection of persons who report breaches of Union law (the “Directive“) -, which has been also published […]
https://kapolyi.com/wp-content/uploads/2023/05/whistleblower_1.jpg10001506Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2023-05-31 09:56:532023-05-31 14:16:55Domestic legislation transposing the „Whistleblowing” Directive has been published
A 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 […]
https://kapolyi.com/wp-content/uploads/2023/05/pexels-anamul-rezwan-1145434-scaled.jpg17072560Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2023-05-15 12:55:132023-05-15 12:55:13An old-new in rem legal institution in the Hungarian Civil Code: the right of construction
We 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 […]
https://kapolyi.com/wp-content/uploads/2022/11/IMG_6333-scaled.jpg19202560Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2022-11-07 15:28:062022-11-08 09:46:34We attended the IBA Annual Professional Conference in Miami
It 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 […]
https://kapolyi.com/wp-content/uploads/2022/08/b_azsiaimunkaw4.jpg519780Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2022-08-24 08:51:592022-08-24 08:51:59Workers may be replaced from Asia: will there be wage tension and fluctuation in Hungary?
One 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 […]
https://kapolyi.com/wp-content/uploads/2022/06/helikon.jpg8431500Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2022-06-13 10:17:072022-06-13 13:55:33The Helikon Terrace on the shores of Lake Balaton is progressing well, Kapolyi Law Firm is the legal advisor of the investor
From 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 […]
https://kapolyi.com/wp-content/uploads/2022/06/szallasportal.jpg434768Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2022-06-07 09:24:032022-06-07 09:34:18New EU regulation will restrict accommodation portals from summer
Introduction 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 […]
https://kapolyi.com/wp-content/uploads/2022/01/uzemi-baleset.jpg426640Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2022-01-24 13:19:592022-02-02 09:38:16Accidents at work while working from home?
In 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 […]
https://kapolyi.com/wp-content/uploads/2020/07/crowdfunding.jpeg6751080Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-07-10 07:38:512020-07-13 13:37:37A short study about crowdfunding by dr. Balázs FERENCZY, the Head of our Banking & Finance Team
The 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 […]
https://kapolyi.com/wp-content/uploads/2020/05/aláírás.jpg300482Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-05-20 07:06:362020-05-20 07:06:36The pandemic may accelerate the spread of electronic procedures in Hungary
Significant 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 […]
https://kapolyi.com/wp-content/uploads/2020/05/vállalat_kicsi.jpg225400Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-05-07 11:30:562020-05-07 11:30:56Competition law in the age of Coronavirus: state-owned venture capital and private equity funds may acquire companies more easily
With 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 […]
https://kapolyi.com/wp-content/uploads/2020/04/state-aid.jpg394700Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-04-30 09:09:302020-04-30 09:09:30Coronavirus: companies can receive state aid in these five categories according to the European Commission's resolution
What 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 […]
https://kapolyi.com/wp-content/uploads/2020/04/Ferenczy-Balázs_MG_2529web-2-e1586272045925-1-2-3.jpg621798Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-04-28 11:30:052020-04-28 12:19:09Force majeure and MAC/MAE clauses during the period of Covid-19 in Hungary
As a result of the coronavirus pandemic, the number of advertisements for health-related products and services has exponentially increased. In addition to existing ones, new players also entered the market and began selling products or services that do not fit their main profile. It is important however, that everyone utilises new business opportunities fairly, as […]
https://kapolyi.com/wp-content/uploads/2020/04/versenyjogos-kép.jpg427640Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-04-24 10:59:522020-04-24 14:44:24Advertisements and cartells during the coronavirus pandemic: competition law principles to consider
Government measures implemented to combat the coronavirus pandemic also made decision-making processes of Hungarian companies listed on stock exchange rather complicated. From the perspective of companies and their shareholders the timing of these measures is especially unfortunate, as annual general meetings, where last years’ annual reports and the payment of dividends are discussed, are normally […]
https://kapolyi.com/wp-content/uploads/2020/04/gábor-és-adri.jpg13902400Kapolyi Irodahttps://kapolyi.com/wp-content/uploads/2019/05/kpeng-1.pngKapolyi Iroda2020-04-20 08:29:192020-04-20 09:02:29How Hungarian listed companies may operate during the period of the emergency
Domestic legislation transposing the „Whistleblowing” Directive has been published
/in Publications /by Kapolyi IrodaOn 23 May 2023, the Parliament adopted the Hungarian Act No. XXV of 2023 on the Rules on Complaints, Whistleblowing and Reporting Abuses of Public Interest (the „Act”) – implementing and transposing the EU Directive 2019/1937 on the protection of persons who report breaches of Union law (the “Directive“) -, which has been also published […]
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 […]
Advertisements and cartells during the coronavirus pandemic: competition law principles to consider
/in Publications /by Kapolyi IrodaAs a result of the coronavirus pandemic, the number of advertisements for health-related products and services has exponentially increased. In addition to existing ones, new players also entered the market and began selling products or services that do not fit their main profile. It is important however, that everyone utilises new business opportunities fairly, as […]
How Hungarian listed companies may operate during the period of the emergency
/in Publications /by Kapolyi IrodaGovernment measures implemented to combat the coronavirus pandemic also made decision-making processes of Hungarian companies listed on stock exchange rather complicated. From the perspective of companies and their shareholders the timing of these measures is especially unfortunate, as annual general meetings, where last years’ annual reports and the payment of dividends are discussed, are normally […]