NEWS
Real estate acquisition in Hungary
The acquisition of real estate by EU-citizens and citizens of the European Economic Area (EEA) is an important market in Hungary, and is possible to do with a few restrictions. But which restrictions do still apply? EU-citizens can purchase non-agricultural real...
Cheap and Easy “Mass Production” of Companies?
We observe a massive growth or spreading of new “consulting firms” without any legal qualifications listed for their work, many of which offer cheap and problem-free services for establishing and setting up a company in Germany. The description of services mostly...
How to establish your company in Germany
Intro Germany is the heart and soul of the European economy, its very core. Here businesses of any kind, any size, are able to quickly flourish and establish themselves in the European market, thanks not only to a great geographical location (Germany sits right in the...
Decision of the German Federal Court: Damages are possible even with a valid Foreign Currency Loan
The German Federal Court (BGH – Bundesgerichtshof) has just published the written decision of its judgment from 12.09.2017. According to the BGH, an inquiry from a debtor regarding an action for damages in a foreign currency can’t be set aside even if the contract is...
Supreme Court of Slovenia: If the Risk Assessment is Deficient, the CHF Loan is Invalid
In most cases (where the aggrieved party has suffered damages resulting from a foreign currency loan) the Hungarian courts declare only partial invalidity of the agreement. Another problem is that referring to some – very unprofessionally and ambivalently phrased –...
Antitrust, especially e-commerce
A general prohibition against dealers from selectively distributing through use price comparison machines was determined void because it was classified as antitrust-violating. As far as “franchise systems” qualify as “selective distribution systems,” this is highly...
Personal liability of the managing directors in the insolvency of a German “GmbH”, also applies to the German “AG”
In any insolvency proceedings with its German customer, a supplier or creditor always face the problem that they must accept a discount claim that varies from case to case and must be satisfied with a quota on a regular basis. The liabilities of the supplier is...
Franchise vs. Terms under German law
For the purpose of a uniform distribution system, and equal treatment of franchisees, franchisor companies generally use uniform franchise agreements, which contain general terms and conditions as defined in § 305 (1) sentence 1 BGB. Since these terms have not been...
Court Of Appeal: Directors Generally Not Liable For The Company’s Debts
In a landmark case, our Dr. Peter Taller successfully defended Board Members of a cooperative company against a lawsuit brought by the shareholders. The Court of Appeal in Budapest (Fővárosi Ítélőtábla) sided with Dr. Taller and held that as a matter of general...
2018: Electronic Service of Process in Germany Too
After 01.01.2018 in the course of communication with the court (and the other lawyers) every lawyer in Germany will be obligated to provide the possibility of delivering electronic consignments to him or her through the closed system of the Federal Bar Association...
The Nuremberg Metropolitan Region can become one of the most attractive locations for Businesses after BREXIT
Brexit is only two years away, but many companies are already looking for a new home, relocating their head office to another state within the circle of remaining EU members, so they can continue to advantageously access the EU market. However, picking a new location...
German-Indian Investment In Future Technologies: Growing Perspectives For The Nuremberg Metropolitan Region
NZP NAGY LEGAL reaches an agreement with Indian companies, for the support of German investors in India. The effects of the so-called “Great Round” of meetings between the German Chancellor Angela Merkel and the Indian Prime Minister Narendra Modi can already be seen...