Category: News

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 […]

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. […]

M&A Deal Essentials: Rollover Structure Implementation in M&A Transactions: Coordinating Ownership Changes Before Closing

In one of our previous articles, we looked at Reinvestment Agreements and the commercial decision to remain invested after a business sale. This article focuses on the next step: how that agreed Rollover Structure as established by the terms of the Reinvestment Agreement is actually implemented. Many business owners encounter the term “rollover” relatively late […]

M&A Deal Essentials: Your Banks Are Part of the Deal Too: Waivers

From the outside, a share deal often looks like a transaction between shareholders. The sellers agree to sell. The buyer agrees to buy. The parties negotiate the purchase price, sign the SPA, and work towards closing. In reality, however, there is often another group sitting quietly in the background with significant influence over whether the […]

What happens if the equity of a Hungarian limited liability company falls below HUF 3 million? Can the registered capital be reduced below the statutory minimum?

One of the fundamental safeguards for the operation of a limited liability company is the maintenance of an adequate capital position. In Hungary, the incorporation of a limited liability company requires registered capital of at least HUF 3 million; (around 8.500 EUR) however, during the company’s operation, it may occur that, due to loss-making business […]

A Company That Is Not Really a Company? An Introduction to the Civil Law Partnership

When several persons wish to cooperate in pursuit of a common objective, most people automatically think of some form of business association, such as a limited liability company or a limited partnership. Hungarian civil law, however, also recognises a much simpler structure: the civil law partnership. A civil law partnership is a form of cooperation […]

Peter Taller Appointed Visiting Lecturer at the University of Passau

Peter Taller, attorney at NZP NAGY LEGAL and alumnus of the University of Passau, has been listed as a Visiting Lecturer at the university where he completed his doctoral dissertation.  In this role, Peter will deliver lectures for international students from partner universities. The sessions will explore professional perspectives in Germany, with particular attention to […]

Laszlo Nagy Registered as Foreign Lawyer by the SRA

We are pleased to announce that Laszlo Nagy has obtained his Registration Certificate from the Solicitors Regulation Authority for the 2025/2026 practice year, entitling him to practise as a registered foreign lawyer in England and Wales. This recognition marks another important step in strengthening our firm’s international legal capabilities and cross-border advisory services. It enables […]