Author: Vajk Varai-Jeges

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 […]

How to Establish a Limited Partnership (Komandit Şirket) in Turkey: 2026 Guide for Foreign Investors

Foreign investors seeking to establish a limited partnership (Komandit Şirket) in Turkey (Türkiye) are generally subject to the same incorporation requirements as Turkish investors. A limited partnership (KomanditŞirket) is a commercial company in which partners have different levels of liability, with at least one partner bearing unlimited liability for the company’s debts. This structure may be considered […]

How to Establish a Joint Stock Company (A.Ş.) in Turkey: 2026 Guide for Foreign Investors

Foreign investors seeking to establish a joint stock company (Anonim Şirket – A.Ş.) in Turkey (Türkiye) generally enjoy the same rights and are subject to the same obligations as Turkish investors. A joint stock company (A.Ş.) is one of the principal corporate structures used for international investments, joint ventures and mergers and acquisitions (M&A), owing to its […]

NZP NAGY LEGAL Shortlisted at the Middle East Legal Awards 2026

NZP NAGY LEGAL was honoured to be shortlisted for the Most Promising Newcomer Award at the Middle East Legal Awards 2026. The awards ceremony, organised by Law.com, took place at Address Sky View in Dubai and brought together leading law firms, in-house legal teams and professionals from across the region. A Milestone in Our UAE […]

EU Packaging Rules Enter a New Phase: What Businesses Need to Know About the PPWR

Regulation (EU) 2025/40 on packaging and packaging waste (PPWR) is reshaping the regulatory framework for products placed on the European Union market. Applying from 12 August 2026, the Regulation introduces harmonised requirements intended to reduce packaging waste, improve circularity and make compliance more consistent across Member States. Its impact extends well beyond packaging manufacturers: importers, […]

M&A Deal Essentials: Post-Closing Matters in M&A Transactions: The Deal Doesn’t End at Closing

For most business owners, closing feels like the finish line. The purchase price has been paid, ownership has transferred, and the months of negotiations, diligence exercises, and documentation finally come to an end. Understandably, many clients are ready to move on and focus on the next chapter.  In practice, however, a well-executed transaction is not […]

M&A Deal Essentials:Risk Allocation in M&A Transactions: Not Every Risk Belongs in the Warranty Basket

One of the most common misconceptions in M&A transactions is that every identified risk should simply be covered by more warranties. For business owners, that often feels intuitive. If a buyer discovers an issue during due diligence, the obvious solution appears to be another contractual protection. In practice, experienced deal teams take a different approach. […]

From Centros to Brexit: How UK Limited Companies Risk Losing Their Limited Liability in Continental Europe

For more than two decades, the English private limited company (Ltd.) represented one of the most successful examples of regulatory competition within Europe. Entrepreneurs across Germany, Austria, the Netherlands and other continental jurisdictions increasingly opted to incorporate in the United Kingdom while conducting virtually all business activities elsewhere. This phenomenon was made possible by a […]

Proposed Changes to Hungary’s KATA Regime from 2027

The planned reform would expand eligibility, restore corporate invoicing and improve the social security position of full-time small taxpayers. The Hungarian Government has proposed a substantial revision of the itemised tax for small taxpayers (KATA) from 2027. The draft would reopen the regime to pensioners, university students and part-time entrepreneurs. The fixed monthly tax would […]