Author: Vajk Varai-Jeges

Limited Liability Company (Ltd. Şti.) Formation in Turkey

Establishing a limited liability company (Limited Şirket – Ltd. Şti.) in Turkey requires careful consideration of the ownership structure, management arrangements and applicable corporate requirements. As one of the most widely used corporate forms in Turkey, a limited liability company offers a comparatively straightforward management structure and lower minimum capital requirements, making it a practical […]

Jordan’s Platform Worker Social Security Reform: What Businesses Need to Know

For businesses operating in Jordan’s platform economy, social security compliance is becoming an increasingly important part of workforce planning. On 1 November 2026, Jordan’s Cabinet approved amendments to the Social Security Corporation’s insurance coverage regulation, including a mandatory coverage framework for people working through digital platforms and smart applications. The commercial question is clear: how […]

Ras Al Khaimah’s Flying-Car Sandbox: Writing the Rules Before Take-Off

Ras Al Khaimah is turning the “flying car” from a showpiece into a regulatory project. The emirate has agreed with ARIDGE, the company formerly known as XPENG AEROHT, to establish an Advanced Air Mobility regulatory sandbox led by the Ras Al Khaimah Transport Authority and operating under the oversight of the UAE General Civil Aviation […]

UAE E-Invoicing: Revised Penalties Bring Greater Certainty for Businesses

Businesses preparing for mandatory e-invoicing in the United Arab Emirates should review a newly announced administrative penalty framework. According to a Ministry of Finance announcement dated 30 October, a new Cabinet Decision replaces Cabinet Decision No. 106 of 2025, revising implementation-related penalties and removing a specific fine for failing to report a system failure. AED […]

Saudi Arabia’s New Enforcement Rules: What International Businesses Need to Know

Recovering a debt—or responding to an enforcement order—in Saudi Arabia now requires close attention to short deadlines. Published on 23 October 2026 under Minister of Justice Decision No. 617, the new Implementing Regulations of the Enforcement Law clarify asset disclosure, attachment procedures and safeguards for businesses. Saudi Gazette reports that the regulations took effect alongside […]

New Property Advertising Rules in Hungary: What Businesses Need to Know (Wekerle Plusz)

Does your business operate as an estate agency, property advertising platform or credit institution involved in the Wekerle Plusz programme? Government Decree No. 411/2026 (XI. 3.) introduces new advertising requirements and clarifies estate agents’ liability. Here is what your business needs to know. Credit institutions must include the following statement in advertisements for Wekerle Plusz […]

Austrian Constitutional Court Strikes Down Ágfalva Border Closure Regulation

Restrictions at the road crossing between Ágfalva and the Austrian municipality of Schattendorf, known in Hungarian as Somfalva, raised questions of EU law beyond their impact on daily commuting. NZP NAGY LEGAL brought a damages claim in Austria in connection with the municipal measure. The Eisenstadt Regional Court dismissed our claim at first instance; according […]

Germany’s Business Fast Track Visa Programme: What Turkish Companies Need to Know in 2026

For Turkish companies conducting business with Germany, regular travel by executives and employees is often essential for commercial negotiations, investments and ongoing projects. However, visa procedures can create practical challenges for businesses requiring frequent cross-border travel. The Business Fast Track (BFT) programme, introduced in cooperation with the German diplomatic missions in Türkiye and DEinternational Servis Hizmetleri […]

Regulatory Proceedings due to Health Claims

Claims about the potential health benefits of food products are particularly sensitive from a regulatory perspective. European law imposes detailed requirements on statements which suggest or imply a relationship between a food, one of its ingredients and human health. That includes statements concerning the contribution of a nutrient to a normal bodily function. A statement […]

Electronic Communication in Hungarian National Bank (MNB) Proceedings: Key Rules for Financial Market Participants

MNB Decree No. 35/2026 (X. 14.) regulates electronic communication in specified administrative proceedings before the Magyar Nemzeti Bank (MNB), Hungary’s central bank and financial supervisory authority. Its provisions concern certain licensing, approval, registration and notification procedures, rather than all dealings with the MNB. Submission Through the ERA System Organisations required to communicate electronically must generally […]