Audax Renewables Head of Legal in Hungary Andras Nemeth talks about managing and working as a part of an international team.

Before COVID-19, the home office was not mainstream. It was used more as a benefit to avoid the need to get a day off when you had to stay home to wait for “the guy to get the annual meter reading.” Then came the pandemic which forced us to think outside of the box. Suddenly, everyone discovered that remote work could be a viable alternative. Organizations had to come up with technical solutions to make sure that every possible task could be done remotely. The legal profession by its nature was able to adapt quickly to remote work.

More and more legal departments are actively integrating methodologies from disciplines outside the traditional legal sphere, such as project management and even engineering. This evolution is reshaping how legal teams deliver value, emphasizing both strategic impact and operational efficiency. Precision Medicine Group Deputy General Counsel Krzysztof Mazurek, Alpekr Managing Director Petr Zatopek, and Audax Head of Legal Andras Nemeth took a look at the vital role of cross-disciplinary skills in modern legal at the CEE Legal Matters GC Summit, held in Warsaw on April 25-26, 2024.

Focusing on hiring the right skills and looking to build sectoral knowledge in-house, METCE Hungary General Counsel Marton Hidvegi talks about how his organization addresses the training and development of the in-house legal team.

In today’s rapidly evolving business and legal landscape, the importance of collaboration and knowledge exchange between departments has never been more apparent. While traditionally separated by distinct roles and expertise, the integration of legal and scientific teams through cross-functional training has shown to be a transformative approach that drives innovation, fosters collaboration, and ultimately supports overarching business goals.

Shortly after the early years of my career, I moved from the attorneys’ world (more precisely, clerks’) into the world of corporate lawyers. The difference between the two became apparent early on. At least for me, the big difference was that, while working as an attorney, I was in contact with the client only in bursts. As an in-house legal counsel, there is essentially a continuous relationship between lawyers and business colleagues. This continuous relationship results in a kind of interdependence – working together both in good and bad times, celebrating joint successes but also facing challenges together.

“Plan twice to implement once” is Teqball Group Legal Director Marianna Erdei’s approach to implementing new whistleblowing regulations in a manner that is not compliant only with Hungarian law but takes into account the local needs of other jurisdictions.

In the Hungarian Gazette of 15 August 2024, two new SZTFH (Authority for Regulated Activities) decrees were published, which supplement and further detail the provisions of the Hungarian ESG Act. The first decree on the register of ESG reports, software and qualifiers entered into force on 18 August, while the provisions on the registration of ESG reports and qualifiers enter into force on 16 September.

The amended Rules of Proceedings (hereinafter referred to as the “Rules of Proceedings”) of the Permanent Court of Arbitration attached to the Hungarian Chamber of Commerce and Industry (hereinafter referred to as the “Arbitration Court”) came into force on 15 September 2024. The amended rules are to be applied in arbitration proceedings initiated on or after the date of its entry into force.

Forgo, Damjanovic & Partners has advised Wallis Asset Management and Trueway/Finext on the sale of FoxPost to CVC and EMMA Capital. CMS reportedly advised the buyers.

After spending the last five months as a sole practitioner, former Dentons Partner Gabor Kiraly has rejoined CMS as Of Counsel in its banking, finance, and capital markets team.

Starting from 1 January 2025, Hungary moves to a fully electronic land registry system following many delays and the potential benefits are transformative. The push for this modernization began in the 2010s, spurred by the success of electronic property registration systems across Europe. Countries like Austria and the Czech Republic have been using electronic land registries since 2001, with Slovakia, Romania, Poland, and most recently Bulgaria following suit in 2021. While these countries maintain paper-based options, the shift toward digital processes has proven advantageous.

Contributed by Szabo Kelemen & Partners Andersen Attorneys.

With preparations for the 2024 CEE Legal Matters Hungary General Counsel Summit in full swing, DLA Piper Partner and Head of Energy and Procurement in Budapest Gabor Simon shares his thoughts about the upcoming event and what he’s looking forward to the most.

With preparations for the 2024 CEE Legal Matters Hungary General Counsel Summit in full swing, Marton Eorsi, a Corporate Finance Partner at Addleshaw Goddard’s London office, shares his thoughts about the upcoming event and what he's looking forward to the most.

Manufacturers have less than a month left - until June 30, 2024 - before they must comply with the rules for products subject to the mandatory Deposit Refund System (DRS) when placing them on the market. Compliance with the new regulations will result in a price increase of HUF 50 per product, which consumers will have to bear - unless they return the relevant beverage cans and bottles.

In the Hungarian Gazette of 8 August 2024, four long-awaited decrees were published, which supplement and detail the provisions of the Hungarian ESG Act.

As in every year, the Hungarian tax administration has published its yearly summary with the most important trends and numbers regarding taxation in Hungary during 2023. In the last year it seemed that, while the tax authority was still increasing its efforts to entice the taxpayers’ voluntary compliance, fines have also soared to unprecedented heights. The statistics also show that it remains worthwhile to take the case to the courts if one finds the National Tax and Customs Administration’s decisions unlawful.