NEWS
Applicable Law in Cases of Pure Economic Loss under Article 4 Rome II
The Localisation of Pure Economic Loss under Article 4 Rome II The determination of the applicable law under Art. 4 Rome II presents comparatively few difficulties when physical injury or tangible property damage is at issue. In such cases, the place of damage can...
Real Estate Sale and Purchase in Hungary: Not Always as Straightforward as It Seems – A Focus on Agricultural Land
Real Estate Sale and Purchase: Not Always as Straightforward as It Seems – A Focus on Agricultural Land The sale and purchase of agricultural land in Hungary is a legal transaction subject to particularly strict and special rules, differing in several respects from...
Checkmate by Decree: How to win a lawsuit without a judgment
What happens when a lawsuit is already pending, arguments have been exchanged, and a court decision is expected - and then the rules are changed overnight? In Hungary, we now have a clear answer. - The move Three days ago, the Hungarian government adopted Government...
Inheritance Law – Disinheritance on Grounds of Gross Ingratitude or Conduct Seriously Violating Marital Obligations: What Remedies Are Available? (Hungarian law)
I. Introduction In a valid will, the testator may provide that any heir be disinherited from the entire estate. This means that the disinherited heir will not even be entitled to the compulsory share and, consequently, will inherit nothing from the testator. Pursuant...
Claims for damages after improper dental care: what can be done if such a medical procedure went wrong or in the event of medical malpractice?
In the past decade, various dental interventions and related treatments have become one of the most popular forms of private healthcare in Hungary. According to the law of averages, the number of malpractice cases in this sector has also been on the rise in recent...
31st Willem C. Vis International Commercial Arbitration Moot in Budapest
NZP NAGY LEGAL PartG mbB is delighted to announce that it will co-host the 14th Budapest Pre-Moot competition. The competition is a commercial dispute in which the teams have to convince the arbitrators of their position through their arguments and their preparedness....
Dual-use items and technologies
The legal regulation of dual-use items and technologies was implemented in the Hungarian legislative system complexly. Extensive community (European Union) and domestic (Hungarian) rules exist, whereas we have summarized the crucial cornerstones in 10 points. Non-compliance with registration and licensing rules can have significant adverse consequences, as it may even constitute a criminal offense.
Entry of Korean citizens to Hungary for employment and tourism purposes
Employment in Hungary A residence permit for the purpose of employment may be obtained basically by any Korean citizen whose purpose of residence is to perform actual work for or under the supervision of another person or company in Hungary in return for payment. The...
Signing a contract in Hungary
As an American, you may need a lawyer in Hungary to draft a contract, if you want more guarantee, than just a handshake. Handshakes and gentlemen’s agreements are important, but it is no surprise why so many say: „Until the contract is signed, nothing is real.” –...
Coming from America
If you are a US citizen planning to work, study, research, evangelize etc. in Hungary for more than three months, this article is for you. *** Thanks to the once closer, but still strong US-Hungary relations and the mutual Visa Waiver Program, Americans are able to...
Inherited in Hungary? We got you.
Let’s see why having a lawyer can help us a lot in our inheritance case: First, the laws and regulations on intestate and testamentary succession in Hungary can be complex and difficult to navigate without the guidance of a legal professional; even Hungarian lawyers...
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%....
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...
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...
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...
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...
Cost-effective review of old contracts or general terms and conditions
You don't always have to reinvent new things. In business practice, it can often be more cost-effective and more reasonable to review individual points of the existing purchasing, supply and sales contracts or general terms and conditions to reflect changes in...
Regulation of artificial intelligence on the horizon
Diagnostics, pricing, data analytics: and the list could go on! With the rise of the data economy, the importance of artificial intelligence is growing inexorably. This technology plays a central role in the systematic analysis of big data. The EU has worked...