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 country and addresses topics such as security, foreign judgments and funding structures, as well as insight and opinion on the most common issues in their respective country.
The Hungarian chapter can be accessed here:
Hungary Chapter in The Legal 500: Project Finance Comparative Guide
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 […]...
New special taxes for companies to be introduced in Hungary
This Client Alert is available in both English and Hungarian. The announcements made by the Hungarian Government on 8 July 2024 envisage a number of new and higher payment obligations, as well as other public taxes and restrictions, that will include a defence contribution, increased administrative fines, extra profit tax, changes to social contribution tax […]...
Kecskeméti Konzerv sold with the legal support from Wolf Theiss
Budapest, 10 July 2024 – The current owners of Kecskeméti Konzerv Kft. have successfully closed the deal to sell their canning factory to Gránit Group. Kecskeméti Konzerv Kft., which was founded in 2005, employs around 250 people and has a turnover of HUF 22 billion (≈ EUR 57 million), has been sold to Agrár-Finance Kft. […]...
COFAG Consolidation Act Brings Significant Changes for the handling of Funding Claims
Vienna, 10 July 2024 – On 3 July 2024, the Austrian National Council adopted the draft COFAG Consolidation Act, which introduces significant changes to the handling and processing of funding claims and refunds by the COVID-19 Financing Agency of the Federal Government (COFAG). This marks a major step towards the final dissolution of COFAG. Under […]...
Wolf Theiss advises Software AG on the restructuring and sale of its Super iPaaS business to IBM
Vienna, Sofia, 10 July 2024 – Wolf Theiss provided legal advice to Software AG, a German multinational software corporation majority-owned by private equity firm Silver Lake and specialising in enterprise software solutions, throughout the carve-out and sale of its Super Integration Platform as a Service (Super iPaaS) business to IBM. The transaction valued at EUR […]...
Wolf Theiss facilitates Bob W’s Entry into the Austrian Market
Vienna, 9 July 2024 – Wolf Theiss advised Bob W, a Finnish Tech-powered hospitality provider, on their entry into the Austrian market. Bob W plans to open its first location in Vienna in 2025. Launched in 2019, Bob W is a tech-powered hospitality operator offering a smarter alternative to mainstream hotels and traditional short-term rentals. […]...
New rules for fleet insurance in the Czech Republic
On 5 June 2024, the Czech government introduced a proposal to the Czech Parliament that brings fundamental changes to fleet insurance in the Czech Republic. This proposal provides additional obligations on fleet policyholders. Please see the details below. Types of fleet insurance under Czech law Fleet insurance (i.e. a specific type of insurance where the […]...
Digital Law: EU’s comprehensive cybersecurity framework
Our new episode of the Wolf Theiss Soundshot Podcast is the sixth one in our “Digital Law” series. In this episode, Roland Marko and Lisa Bernsteiner discuss the EU’s new cybersecurity framework and examine the latest legal acts designed to enhance protection against the increasing number and sophistication of cyberattacks across EU countries. This includes […]...
Compliance Requirements under the Croatian Act on Restrictive Measures
The Act on Restrictive Measures (OG No. 133/2023, the “Act“) entered into force on 15 November 2023 (with the application of certain main provisions as of 15 May 2024). The Act establishes more effective due diligence and reporting procedures and mechanisms, which will enable the Republic of Croatia to implement new and more complex sanctions […]...
Wolf Theiss advises Schibsted group on Polish aspects of separation of its business into two companies – Schibsted Media and Schibsted Marketplaces
Warsaw, 2 July 2024 – Wolf Theiss acted as local counsel to Schibsted group, a media and marketplace capital group with a leading position in the Nordics, on the Polish aspects involved in the separation of its business into two companies – Schibsted Media and Schibsted Marketplaces. Following the division, as of June 7th, Schibsted […]...
New Category of Pre-emptors Involved in the Purchase of Extra Muros Farmland?
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 […]...
In-Depth Review — International Arbitration: Chapter on Austria
Our colleagues Alexander Zollner and Philipp Theiler have contributed their expertise to the 15th edition of the “In-Depth Review – International Arbitration” by Lexology. Their chapter offers comprehensive insights into the Austrian Arbitration Act and its alignment with the UNCITRAL Model Law, highlighting Austria’s robust legal framework for arbitration. This significant contribution underscores our […]...