26
Tue, Nov
51 New Articles

Busy Month in the World of Legislation: Multiple Judicial Acts Have Been Amended

Busy Month in the World of Legislation: Multiple Judicial Acts Have Been Amended

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Substantial changes have been introduced by Act XXXI of 2023 amending several acts on judicial matters. The new law has been passed in the beginning of June 2023, however most of its provisions enter into force at a later date.

Among the most important changes are the followings.

The act postpones the entry into force of Act on the Registration and of Legal Persons and the Registration Procedure until 1 January 2026, as the preparation for the introduction of the unified register of legal persons, including the introduction of uniform and fast procedural rules for automatic decision-making, requires more time. It is planned to replace the current company act, however based on the reasoning behind the postponement, the technical conditions have not yet been established.

The new provisions of the Criminal Procedure Act – entering into force on 1 September 2023 - allow the authorities to involve assistants in interpreting tasks who are not considered interpreters by procedural means, in order to promote the language use rights of those entitled, such as victims, financially interested parties or other interested parties.

As of 1 September 2023, it amends the Act on Notaries and determines that settlement on matrimonial property can be the subject of a settlement procedure before a notary and the Hungarian Chamber of Civil Law Notaries handles the transmission of data from family law related records to the Central Bureau for Statistics.

Based on the amendment of the Civil Code, as of 1 September 2023, judges are no longer obliged to terminate joint parental custody on the request of either parent, but they may consider whether the termination of joint parental custody is in the best interests of the child and, based on this, decide to maintain or terminate joint parental custody.

As of 1 January 2024, by the amendment of Act on Execution of Penalties, it introduces a credit system in correctional facilities which is a progression system based on credit values calculated on the basis of the convict's behaviour, cooperativeness and performance in the context of reintegration activities. The collection of credit points may result in a transfer to a more favourable category compared to the initial classification. By amending the provisions of Act on Execution of Penalties, the motivational system to be introduced is planned to strengthen the responsibility of the convicted, making them interested in maintaining the execution order and implementing the reintegration plan.

By Borbala Maglai, Attorney at Law, KCG Partners Law Firm

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

Firm's website.

Our Latest Issue