Articles

In recent years, environmental, social and governance (ESG) considerations have become a core element of corporate strategy across the European Union (EU). Integrating ESG obligations is no longer simply a regulatory necessity for companies but also an opportunity for sustainable growth and innovation. Effective 1 January 2025, in addition to public-interest entities, large enterprises will […]...

Factoring has emerged as an essential financial solution for businesses in Hungary, offering a fast and flexible way to maintain cash flow and bridge liquidity gaps, especially for those with extended payment terms in sectors like agriculture, manufacturing and logistics. However, navigating Hungary’s complex regulatory landscape can pose challenges for companies seeking to use factoring […]...

As Environmental, Social and Governance (ESG) standards continue to dominate business conversations, the European Union (EU) drives the momentum by placing the ‘energy efficiency first’ principle at the heart of its energy policy. These efforts further aim to enhance governance, transparency and strengthen the link between climate change mitigation and environmental protection measures. A significant […]...

Mental health is quite a sensitive and complex issue from an employment law perspective. There isn’t always a clear “yes” or “no” or “right” or “wrong” answer and no one single procedure or method applies universally when dealing with such sensitive matters. This is further complicated by the need for input from various professionals, including […]...

Explore the latest insights on executive remuneration in Hungary with the 13th edition of Lexology In-Depth. This global overview covers key legal areas influencing executive pay, including tax, employment and corporate law. Authored by Barnabás Buzási, Gergely Szaloki, János Pásztor, Bence Kalman and Viktoria Horvath, the Hungary chapter examines the definition of an executive under […]...

The first quarter of 2024 saw the M&A market in Central and Eastern Europe (CEE) closely mirror broader global economic trends. Much like the rest of Europe, the CEE region experienced a slowdown in economic activity, reflecting global market challenges. Key players like Germany and France experienced significant declines in manufacturing, which had a ripple […]...

In export-import trade transactions across Europe, sellers commonly protect their assets by retaining the title of ownership until the buyer has paid the full purchase price. Retention of title allows sellers to reclaim the assets in case of non-payment or the buyer’s bankruptcy before full payment. However, in Hungary, such an arrangement can present unexpected […]...

COUNTRY-LEVEL UPDATES ON IMPLEMENTATION STATUS Once implemented into national law, the EU’s Whistleblowing Directive (2019/1837/EU) is expected to have a significant impact on the policies and processes of companies related to employment relationships, data privacy and processing safeguards. This means that businesses will need to review and adjust their compliance procedures. The Directive allows for […]...

Data access rules as the backbone of AI The use of artificial intelligence (AI) is already bringing about fundamental changes. The backbone for the development of these systems is large amounts of data needed to train AI models and derive “intelligence” from them. However, the full potential of the immense volume of data that is […]...

Last week was full of exciting news in relation to AI in Romania. First, the long-awaited AI Act was published in the EU’s Official Journal on 12 July, becoming Regulation (EU) 2024/1689. The AI Act is an essential part of the EU’s extensive digital strategy, alongside the Digital Services Act and the Digital Markets Act. […]...

The aim of the 2nd edition of The Legal 500: Project Finance Comparative Guide is to provide readers with a pragmatic overview of the law and practice of project finance law across a variety of jurisdictions including Hungary. Each chapter of this guide provides information about the current issues affecting project finance in a particular […]...

A recent legislative amendment to Law no. 17/2014, concerning certain measures regulating the sale of extra muros agricultural land, which also amends Law no. 268/2001 on the privatisation of companies managing public and private state-owned agricultural land and the establishment of the State Domains Agency (“Law 17”), has been proposed in the Romanian Senate. This […]...