Autor: Vajk Varai-Jeges

Cost-Effective Updating of Old Contracts or General Terms and Conditions

You do not always have to reinvent the wheel. In business practice, it is often more cost-effective and sensible simply to adapt and update purchase, supply, distribution agreements or general terms and conditions already in use in individual points to reflect changed circumstances or market risks. This is particularly the case where the contract used […]

It Has Never Been Easier to Convert a Hungarian Kft. into a German GmbH

As of early September, the cross-border conversion and relocation of companies has become simpler thanks to the new European Union directive-based regulatory framework. The newly transposed rules, which are set out in the provisions of Hungarian Act CXXIV of 2021 (the “Act”), have been applicable since 1 September 2022. The previous rules on conversions: Until […]

Entry of Korean Citizens into Hungary for Employment and Tourism Purposes

Employment in Hungary A Korean citizen may obtain a residence permit for employment purposes if the purpose of their stay in Hungary is to perform actual work for, or under the direction of, another person for remuneration by establishing an employment relationship. This also includes an employment contract concluded with an executive officer or any […]

Claim Dismissed: No Entitlement to Compensation for Pain and Suffering Due to Quarantine After Returning from a Risk Area

The Regional Court of Frankfurt am Main heard a claim brought by travellers returning from Greece who sought compensation for pain and suffering because they had been required to quarantine after returning from a risk area. The quarantine order was based on the Corona Quarantine Ordinance of the State of Hesse dated 26 November 2020. […]

Österreichische und deutsche Limited Gesellschafter aufgepasst!

Brexit has not only had economic consequences; it has also brought a wide range of implications for company law. In its recent case law, the Austrian Supreme Court held that British companies with their administrative seat in Austria lose their legal capacity after Brexit (27 January 2022, 9 Ob 74/21d). The Austrian Supreme Court thereby […]

The European Parliament Begins Work on Artificial Intelligence Legislation

Medical diagnostics, pricing, data analysis — the list could go on almost indefinitely. With the emergence of the data-driven economy (data economy), the role of artificial intelligence is also increasing rapidly. This technology plays a key role in the systematic processing and analysis of large volumes of data. The European Parliament has begun work on […]

Die EU zähmt die künstliche Intelligenz?

Diagnostics, pricing, data analysis — the list could go on for a long time. With the rise of the data economy, the importance of artificial intelligence is growing inexorably. This technology plays a central role in the systematic collection and analysis of large volumes of data. The EU has prepared a draft regulation for the […]

Das neue Immobilienregistergesetz in Ungarn

The new Land Registry Act entering into force on 1 February 2023 (Act C of 2021) will bring significant changes to land registry procedures. Among other things, the purpose of the new regulation is to modernise the Hungarian land registry system and make it more competitive through digitalisation. The introduction of the E-ING system and […]

Simpler for Consumers, More Difficult for Businesses – New Consumer Protection Rules from January 2022

In June 2021, the Government adopted a new consumer protection decree under number 373/2021 (VI. 30.). The main rules of the legislation, which also takes into account the relevant European Union directives, entered into force on 1 January 2022, while the provisions amending the mandatory warranty rules for new durable consumer goods had already entered […]

Arbeitszeitkonten als Instrument für eine flexible Arbeitsorganisation

Working time banking and its practical details have once again become a topical issue following a recent decision of the Constitutional Court and the extraordinary targeted inspection launched by the Ministry for Innovation and Technology in the autumn of 2021. Below, we examine this legal institution, which is frequently used by many employers and is […]