Category: News

7 reasons to choose Hungary as your place of business & 8 steps to make it happen

What are the main arguments for setting up a business in Hungary? Low Tax Rates: Hungary has a favorable tax system, it has one of the lowest corporate tax rates in the European Union, ranging from 9% to 19%, and the personal income tax of private individuals is 15%. This makes HU an attractive location […]

Bought or inherited real property in Hungary? We can help you out.

Whether you inherited a small plot of land in the countryside or bought a large apartment in the city, one thing is certain, you will have to deal with the Hungarian Land Registry Office. The LRO is an agency-like body tasked with maintaining a comprehensive register of all real properties in HU (land and ownership […]

Do I Really Need a Lawyer?

Is legal representation a choice or a have to? To make it clear, we are first introducing you to the Hungarian court system. The Hungarian court system is divided into three main tiers: the courts of first instance, the appellate courts, and the Supreme Court. Courts of first instance: These are the primary courts where […]

New Legal Form for Startups in Austria

Things are moving in Austrian corporate law. The recently presented startup package introduces the flexible company, or #FlexKapG, as a new form of limited liability company in Austria, with the aim of making Austria a more attractive location for founders. The draft was published on 30 May 2023 and is expected to enter into force […]

Full Personal Liability of Managing Directors for Supplier Fraud in the Event of the Customer’s Insolvency in Germany

If, after performance has been rendered, payment is not made in whole or in part because of the customer’s insolvency, intentional damage contrary to public policy or supplier fraud is often involved. This is the case whenever the management of the ordering company places orders for supplier services, or continues to call them off, even […]

Legal Recruitment and Coordination of Your Successful Litigation Abroad

Enforcing rights before a foreign court, whether as claimant or defendant, always first involves overcoming the hurdle of finding the right local lawyer to conduct the proceedings. This hurdle should not be underestimated. Successful litigation requires, on the one hand, a procedural representative who is genuinely well versed in the areas of law relevant to […]

Significant changes in the new Hungarian Real Estate Registration Act

The biggest change in the Hungarian real estate market will be the entry into force of the new Real Estate Registry Act (NREA) in 2024. The NREA will replace the current Real Estate Registration Act and will also amend the rules of the Civil Code on real estate registration. It is therefore questionable which of […]

New Year, New Rules in the Hungarian Labour Code

Parental leave will be introduced, paternity leave will be expanded, the provisions on abuse of rights will be supplemented, and employers will face broader information obligations. Yet not everyone is satisfied. The implementation of EU Directives 2019/1152 and 2019/1158 brings significant changes to the Hungarian Labour Code effective from 1 January 2023. These directives aim […]

BGH: NO to excessive tolls and collection fees (?)

The German Federal Supreme Court has recently stated, in a guiding decision of principle, that in the event of non-payment of the original toll, the increased tolls and their collection fees in Hungary, as set by the National Toll Payment Service co. ltd., could in principle be awarded against vehicle owners by German courts. The […]

NZP Legal Academy

After many years of lecturing at universities, bar associations, the German Lawyers’ Institute, foreign chambers of commerce and industry, and other professional training institutions, establishing our own NZP Legal Academy was a natural next step. Tailored to the specific needs of your company and drawing on extensive lecturing and practical experience, we train and sensitise […]