Category: News

VW Scandal: Even the Software Update May Be Deceptive

As reported by the MSN news portal, there is a risk that even the software update offered to remedy the fraudulent diesel vehicles may produce questionable results. According to Hartmut Bäumer, a German Green Party politician, the proper solution would be to upgrade the affected vehicles to comply with the Euro 6 emissions standard at […]

Diesel Scandal: A Further 26,000 People May Sue in Germany

According to information from the German magazine Der Spiegel, Volkswagen expects tens of thousands of new claimants in the form of a collective action in connection with the diesel scandal. According to Volkswagen’s information, 23,800 proceedings had been initiated by September, and judgments had already been handed down in 6,000 cases. We have also reported […]

CJEU: The unfairness of exchange-rate risk must be examined even despite state-mandated conversion into forints

Despite the state-mandated conversion into forints, the national court must examine whether the bank acted unfairly when, in a foreign-currency loan agreement, it shifted the entire exchange-rate risk onto the consumer. For years, we have emphasised that the practice of the Hungarian courts, inspired by the Curia, under which they repeatedly ruled in favour of […]

The managing director’s contract may also be terminated orally

According to the Schleswig-Holstein Regional Labour Court (LAG Schleswig-Holstein), unless otherwise provided by contract, the managing director’s employment contract may also be terminated orally. The court dismissed the claim brought by a former managing director seeking payment of further remuneration. According to the judgment, the employment relationship no longer existed at that time. Although no […]

OVG Lüneburg: Volkswagen Cannot Be Prohibited from Carrying out Business Activity

A citizen of Potsdam recently made an unusual application to the City of Wolfsburg, requesting that Volkswagen’s trade licence be revoked. In support of his application, he argued that Volkswagen’s irresponsible conduct endangered the health of citizens and therefore rendered the company unfit to carry on a responsible business activity. (In Germany, this would not […]

Court of Justice of the European Union: Hungary may not delete EU citizens’ usufruct rights over agricultural land

Since 1 January 2013, a law has been in force in Hungary under which usufruct rights over agricultural land may be granted to EU citizens only if they are “close relatives” of the owner. Since, for 20 years, ownership rights could be acquired only by Hungarian nationals, the owners are generally Hungarian citizens. In addition, […]

When Do You Need a Lawyer in Hungary?

There are situations in which the involvement of a lawyer admitted in Hungary cannot be avoided. In other cases, instructing a lawyer may not be mandatory, but is highly advisable. 1. Where is legal representation mandatory in Hungary? • Lawyer in Hungary: before the regional courts, courts of appeal and the Supreme Court With very […]

Financing Your Property in Hungary

How can you find the right solution to finance your dream home in Hungary? A holiday home — or even an entirely new home — in another European country does not necessarily have to remain the privilege of those who have saved several hundred thousand euros over many decades. In principle, you can also finance […]

Foreign-Currency Loans: Preliminary Ruling Proceedings Before the CJEU

As a result of our arguments, an increasing number of courts are awaiting the position of the Court of Justice of the European Union on the legality of foreign-currency loans. During the so-called preliminary ruling procedure, the court suspends the court proceedings pending against foreign-currency loan borrowers. If you have any questions, please contact us.

Foreign-currency borrowers: real estate auctions suspended

As a result of our previously published arguments , courts have suspended enforcement proceedings in cases involving bank measures against debtors burdened with foreign-currency loans. As a result, we have already been able to save the residential properties of several of our clients from auction. If you are facing a similar problem, please feel free […]