If a bank fails to comply with its information obligations in consumer credit agreements, it may be deprived of its right to charge interest and other fees. This applies even if the severity of the violation and its consequences for the consumer varies from case to case.

On the evening of April 1, 2025, the Deal of the Year Awards Banquet brought together, under the same roof, over 200 top-tier lawyers from Central and Eastern Europe's leading law firms and General Counsel from across the region in Prague.

Schoenherr has advised UniCredit Bank Hungary on a design-and-build project to completely refurbish its country headquarters in Budapest and assigned to Fitout Zrt. as the developer.

According to the Hungarian government’s announcement, from October 2025, mothers with three children could also be exempt from personal income tax for the rest of their lives (this is already possible for mothers with at least four children since 2020), and the exemption would be phased in for mothers with two children.

CMS has promoted Romania-based Alina Tihan, Hungary-based Veronika Kovacs, and Bulgaria-based Borislava Piperkova to Partner, as part of its latest promotion round that saw a total of 56 lawyers elevated to partnership ranks.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With 2024 behind us, we asked: Looking at transactional volumes for this year, would you say that 2024 was better or worse than what you originally expected it to be, and why?

Private equity funds have become an increasingly popular investment vehicle in Hungary since the late 2010s, currently, the register of the National Bank of Hungary shows more than 165 private equity funds registered in Hungary. Although the availability of specific statistics is limited, based on the partial data, it can be estimated that the total assets of Hungarian private equity funds are roughly around HUF 3 trillion, i.e., close to 4% of the nominal GDP of Hungary.

On 15 January 2025, the new electronic land register was launched in Hungary, although the transitional rules currently still allow for the use of the previous paper-based procedure. At the end of February 2025, the Hungarian Government proposed amendments to the recently implemented electronic land registry system (E-ING) to enhance legal uniformity and bolster the security of real estate transactions.

Brandl Talos has advised Xund on a EUR 6 million pre-series A financing round led by Lead Ventures with participation from J&T Ventures and existing investors MassMutual Ventures, TBA network, and Lana Ventures. Herbst Kinsky, and reportedly Erdos Partners, advised Lead Ventures.

In its recent decision of 19 February 2025, the Supreme Court of Hungary (‘Curia’) overturned the second-degree verdict that held fraud victims solely liable and ruled that financial institutions cannot automatically reject compensation claims. This landmark decision might open the doors for customers to claims against their banks in similar cases.

Partner in Pet Food Legal Counsel Eszter Barta has become the firm's new Group Legal Director.

Hungary’s legal and business landscape is undergoing significant transformation, driven by a steady increase in M&A activity, rapid digitalization, and evolving regulatory frameworks, according to DLA Piper Hungary Partner and Head of Intellectual Property and Technology Zoltan Kozma.

10+1 Questions and Answers for Hungarian Companies.

Wolf Theiss has advised Uniper on the implementation of photovoltaic projects in Hungary that will jointly deliver 151 megawatt-peak of renewable energy.

Connecting a holiday in Tenerife with remote work? Sending an employee to China for three months? While ten years ago, these questions were considered unique, today, international mobility has become an everyday part of employment relationships.

Kinstellar has advised the MVM Group on developing a 500-megawatt combined-cycle gas turbine power plant at the Matra Power Plant in North-East Hungary.

Let's start with the fundamentals: Hungary will need significant additional power plant and battery capacities, and it will need them soon. This necessity persists despite the gross amount of solar power capacity reaching 7.5 GW by the end of 2024, a target initially set for the 2030s. The drive for electrification, the goal to reduce energy imports, the high average age of the existing generator portfolio and the previous focus on solar energy necessitate at least 10 GW of new generation capacities, with a preference for baseload generation and/or storage solutions. The state-owned incumbent MVM is already developing 3x500 MW new combined cycle gas turbine (CCGT) installations and 2x1000 MW new nuclear blocks, but significant private investment is still required.

Oppenheim and Jipyong have joined forces to launch a dedicated Korean desk in Hungary. With Korea now ranking as Hungary’s third-largest investor and government initiatives driving opportunities in manufacturing and trade, Partners Istvan Szatmary, Jozsef Bulcsu Fenyvesi, Seong Chang, and Ji Hye Lee explore how the partnership aims to bridge cultural and regulatory gaps and enhance regional engagement.