Author: Vajk Varai-Jeges

5 Questions and 5 Answers about the Hungarian Judicial Recess

1. What is the judicial recess? In Hungary, the judicial recess takes place every year from 15 July to 20 August, as well as during the winter period from 24 December to 1 January. Judges and court staff are generally on their regular annual leave during these periods, meaning that the courts and the administration […]

Acquiring Real Estate in Germany

We provide expert assistance to ensure the commercially efficient and legally secure acquisition of your German property. We can help make your acquisition of real estate in Germany more commercially advantageous. We are familiar with the market practices and mandatory legal framework that apply in Germany both to residential real estate and to commercial property. […]

Exclusive Purchasing Obligation Over an Eight-Year Contract Term Permissible in Sales Terms and Conditions

Suppliers and purchasers often agree on framework supply agreements where the relationship is intended to go beyond a one-off purchase, in order to regulate the fundamental issues of a long-term business relationship in a uniform manner. These typically include the type and quality of the products, prices including payment terms, quality assurance and liability rules, […]

Exclusive Purchase and Supply Obligations in Contracts Exceeding Eight Years – Under General Terms and Conditions

The supplier and the customer — where the transaction is not merely a one-off purchase — enter into a framework supply agreement for repeated deliveries in order to regulate uniformly the fundamental issues arising during a long-term business relationship, in particular the type, quality and price of the goods, including the method of payment, the […]

Franchisee Compensation Claim by Analogy with Section 89b HGB

It remains unresolved — as of early 2018 — whether franchisees may be entitled to compensation claims by analogy with section 89b HGB. In light of the court decisions handed down in recent years, there appears to be little room for such compensation claims. For example, in the case of an “anonymous mass-market business” conducted […]

Distribution System vs. Data Protection

The EU General Data Protection Regulation is frequently discussed these days. The Regulation applies generally in relation to distribution systems and, exceptionally, also within franchise systems. It is already foreseeable that the Data Protection Regulation will lead to greater sensitivity in matters relating to data protection. The Regulation has been directly applicable since 25 May […]

Establishing a Company in Germany: What Should You Pay Attention To?

Introduction Germany is the heart and core of the European economy. Companies of any type and size can flourish here and gain access to the European market, thanks not only to Germany’s excellent geographic location at the centre of Europe, but also to its legal system, which enables businesses to develop into strong and stable […]

Buying a House in Hungary as a German Citizen: What You Should Bear in Mind

If you are planning to buy a house in Hungary as a German citizen, you are treated in the same way as Hungarian nationals as an EU citizen. This means that you may acquire non-agricultural real estate, including residential and commercial property. Legal entities established in Hungary may likewise acquire non-agricultural real estate without restriction […]

Establishing Your Company in Germany**

Introduction Germany is not only at the geographic centre of Europe; it is also one of the key driving forces of the European Economic Area. It offers a favourable environment for companies of every type and size, providing opportunities for development, growth and long-term commercial success. This is due not only to Germany’s central location […]

Acquiring Real Estate in Hungary: What Should You Pay Attention To?

The purchase and sale of real estate in Hungary represents a significant market today for citizens of European Union Member States and of states party to the Agreement on the European Economic Area, as they are able to acquire real estate in Hungary with almost no restrictions. Citizens of Member States may acquire land that […]