In business life parties often use promissory notes to secure transactions since these instruments allow creditors to get back their money rapidly and easily. What special regime applies to promissory note litigations in Hungary? This article summarises the Hungarian promissory note litigation regime.

Kapolyi and Lendvai and Partners have advised AutoWallis on the acquisition of ShareNow Hungary. Kapolyi also advised the buyer's major shareholder, Wallis Asset Management. Moore Legal advised Wallis Automegoszto's shareholder Szechenyi Tokealap-Kezelo.

The 2024 tax package bill accepted by the Hungarian Parliament on 4 July 2023, brings changes in various areas.

In the world of finance, the rise of environmental, social and governance considerations has compelled bankers, investment professionals and banking and finance lawyers to reevaluate their mindset.

Schoenherr, working with Sullivan & Cromwell, has advised the Emirates Telecommunications Group Company – operating as E& – on its acquisition of a 50%-plus-one-share stake in PPF Telecom Group's assets in Bulgaria, Hungary, Serbia, and Slovakia. White & Case and Karanovic & Partners advised the PPF Group on the up to EUR 2.5 billion sale and the setup of a joint venture with E&.

Significant legal changes occurred in the Hungarian pharmaceutical and food industry in the summer of 2023. According to Government Decree No. 333/2023. (VII. 20.), as of 1 August 2023, the National Public Health Centre (NNK) and the National Institute of Pharmacy and Nutrition (OGYÉI) merged, establishing a new authority, the National Centre for Public Health and Pharmacy (Nemzeti Nepegeszsegugyi es Gyogyszereszeti Kozpont, NNGYK).

PHH and Dentons have advised Kommunalkredit on a EUR 37.5 million financing for the 63-megawatt Senyo photovoltaic plant in Hungary. CMS reportedly advised the project's commissioners, Green Source and Core Value Capital.

It is not uncommon for an employee to disagree with and criticise his superior. In this case the fundamental right to freedom of expression of the employee competes with his obligation to co-operate with his colleagues. Further, there are cases where the criticism by the employee is not protected by the freedom of expression and may be ground for dismissal, as shown by a fresh decision of the Hungarian Supreme Court analysed in this short article.

Noerr has advised the Rubix Group on its acquisition of Hungarian tool, machine, and general maintenance product distributor Tar Csavar-Csapagy. Deloitte Legal reportedly advised the sellers.

The yearbook of the Hungarian tax authority summarising the most important tax events and statistics for 2022 has been published. It shows, among other things, the number of fines imposed and the effectiveness with which the tax authority's decisions can be challenged. We have compiled the most important and informative figures from the yearbook.

Lakatos Koves & Partners has advised Polish listed company Selena Group on a strategic collaboration with Hungary's Masterplast to establish a glass wool factory in Szerencs. Peremiczki & Turi reportedly advised Masterplast.

Whichever product or service you are discussing, there are certain names, images or slogans that immediately come to mind. When setting up a business, it is crucial for any founder that the brand they represent has a distinctive, recognizable, ringing name. Building a solid business reputation is a long and bumpy road, but safeguarding legal protection for a brand name or logo to ensure exclusivity is much easier than many people think: the solution lies in trademark protection.

Former Deloitte Legal Managing Associate Adam Boross has joined Jalsovszky as its new Head of the Banking and Finance group.

In 2016, when local authorities had been able to levy municipal taxes for more than a year already, we summarised the lessons that had been learned up to then from this newest genre of local taxes. At the time, we were waiting with bated breath to see what the future would bring, that is; to see just how creative local governments would get in thinking up new taxes. So what did ever happen to the ‘kitsch tax’, the ‘pony tax’ and all those other local levies? Now that a few years have passed, the time has come for us to once again peer into the weird and wonderful world of municipal taxes.

Cytowski and Partners has advised Axoflow on its USD 2.5 million seed round co-led by Credo Ventures, 500 Emerging Europe, and Notion Capital, including several CEE angel investors. Diamond Law reportedly advised 500 Emerging Europe.

The Hungarian Code of Advertising Ethics (hereinafter referred as: the “Code”) has not been revised since 2015, but the achievements of the times and the accelerated flow of information made it necessary to include some specific elements into the Code. Following approval by the advertising industry bodies, the new Code came into force on June 30, 2023. The purpose of this article is to highlight the most important changes to the content, in order of their position in the new Code.

Pontes Budapest has advised BayWa AG on the sale of its Aufwind Schmack Elso Biogaz Szolgaltato subsidiary operating the Szarvas biogas power plant to Hungary's MOL Group.

With the Schrems II judgment, which invalidated the Privacy Shield, the CJEU (Court of Justice of the European Union) make it more difficult to comply with the GDPR for companies transferring personal data from the EU to the US. However, the new EU-US Data Privacy Framework (or “Framework”) adopted on 10 July aims to put an end to this situation. But how does the Framework make data transfers between the EU and US easier? In this short article, we explain the basics of the new Framework and answer the above question.