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Since COVID, we have been living with a rule that makes the acquisition of ownership by foreigners in certain Hungarian companies operating in strategic sectors subject to government approval. Although we can no longer speak of a state of emergency, the rule is expected to stay with us for long – albeit with several modifications along the way, as happened in January this year.

Gessel has advised Poland's Elemental Strategic Metals on forming a joint venture with US-based Ascend Elements to recycle lithium-ion batteries and production waste from battery factories in Poland and other European countries. The Iurico Law Office advised Ascend Elements.

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