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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 […]
Tenants in the hospitality and the retail sectors may not always refer to the Covid-19 pandemic as force majeure
/in Publications /by Kapolyi IrodaRestrictive measures enacted to combat the coronavirus pandemic have proven to be exceptionally sensitive for tenants in the hospitality and retail sectors. Many are unable to pay their rent through no fault of their own. However, landlords are under no obligation to accept a tenant’s claim for a reduction in rent due to a loss […]
How EU frontier workers are legally affected by the border seals ordered due to the corona virus?
/in Publications /by Kapolyi IrodaMost EU Member States have closed their borders in order to curb the coronavirus epidemic, which has hit millions of frontier workers, including tens of thousands of Hungarian ones, particularly negatively. The labor law background of the situation is summarized by the professional of Kapolyi Law Firm, who points out:if frontier workers are prevented from […]
These are the effects of the payment moratorium on debtors due to the Coronavirus in Hungary
/in Publications /by Kapolyi IrodaThe detailed regulations of the payment moratorium were published a week ago, but there are several issues that private and corporate clients are facing now. The experts of Kapolyi Law Firm have compiled a 12 question Q&A on the most important issues regarding the moratorium. Actors in the credit market were also taken by surprise […]
Effects of the Coronavirus on General and Members’ Meetings for Listed and Other Companies
/in Publications /by Kapolyi IrodaMeasures implemented to combat the spread of the coronavirus may not only cause liquidity problems for companies but also make decision-making harder. This is becoming an increasingly pressing issue given the approaching deadline for closing the 2019 business year, the approval of yearly financial statements and annual general or members’ meetings, which are especially relevant […]
The Coronavirus Crisis: How to Terminate Employment Lawfully
/in Publications /by Kapolyi IrodaDue to governmental measures taken to combat the coronavirus epidemic, small and medium-sized enterprises and even large enterprises are at danger of being unable to fulfill their contractual obligation to provide employment. Therefore, the possibility of having to terminate employment relationships may become a central question for businesses. Kapolyi Law Firm summarized how employers can […]
The effects of the Coronavirus in the construction industry: the biggest projects may be exposed to the greatest risk
/in Publications /by Kapolyi IrodaThe spread of Covid-19 pandemic imposes major challenges on the construction industry and the real estate developers as well. The already experienced shortages in the sector regarding workforce and the prolonged deadlines for completion are likely to be further aggravated by the spread of the pandemic. According to Kapolyi Law Firm, construction of large office […]
HOW TO RING THE BSE BELL – NOW IS THE TIME FOR HUNGARY’S SMES AND STARTUPS TO GO BIG AND GO PUBLIC!
/in Publications /by Kapolyi IrodaRinging the bse opening bell could be within reach through XTEND MARKET, Budapest Stock Exchange’S new trading platform launched in 2017 that aims to help promising companies go public. On January 10th of this year CyBERG Corp’s Chairman of the Board Balazs Rozsa and Deputy Chief Executive Officer Erik Szabo rang the bell to open […]
Legal challenges of the construction industry boom_Part 2
/in Publications /by Kapolyi IrodaIn our last article on the construction boom’s legal challenges, we considered three cases where an appropriately drafted construction contract helps projects be executed in a timely, cost-effective manner. This paper considers two further instances, where poor drafting may result in legal disputes or even delays in the project. Contract Price and Additional Works There […]
Bond Funding for Growth Scheme = Growing Capital Market?
/in Publications /by Kapolyi IrodaSorry, this entry is only available in Hungarian.
Legal challenges of the construction industry boom Part 1
/in Publications /by Kapolyi IrodaThe legal challenges of the construction industry boom – The construction contracts PART 1. According to the most recent data published by the Hungarian Central Statistical Office, the volume of domestic construction production increased by 67,6 % in March 2019 compared to the same period of previous year. The recent record growth, along with the […]
Which data will be reported on you by hotels exactly?
/in Publications /by fokezeloWhat specific kind of data will hotels present about you? In the near future, reporting obligations of accommodation providers will increase. It is advised to prepare for this change in advance because the non-compliance with reporting obligations may result in fine or temporary closure, furthermore repeated violations of these obligations may trigger permanent closure as […]
Expectable amendment of the Act on the Labour Code due to data protection
/in Publications /by fokezeloIt could be read and heard in the media that in the future the usage of IT devices provided by the employer for work purposes is going to be prohibited for private use following the amendment of the Hungarian Labour Code (Mt.). However, the proposed amendment is not limited to the employer’s control of the […]