Foreward by Andrew Chilvers During the past two decades the key nations of Central and Eastern European (CEE) have grown significantly following moves to liberalise their economies. On average Poland, the Czech Republic, Hungary, Bulgaria and Romania, to name a few, increased their per capita GDP by 115% between 2004-2020. Employment was at its lowest […]
Staying ahead of the curve – Navigating the Central & Eastern Europe ecosystem & choosing the right advisor During the past two decades the key nations of Central and Eastern […]
Read moreIR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Peter Sipka PhD., LLM of Sipka & Simon Association of Lawyers. Peter has joined IR as our exclusive Employment Law (Corporate) member in Hungary. Peter Sipka has been working as an attorney since 2009. His specializations are labour law and […]
As an IP right holder, you have probably encountered the negative effects of IP infringing activities. Moreover, infringements have been rising. According to “The 2021 Trademark Ecosystem Report: Global insights into the optimization of trademark value, protection and technology” by Clarivate CompuMark, trademark infringements continue to rise: 89% of respondents reported trademark infringement, and 50% […]
The case below provides guidance on the maze of applicable law in the absence of choice according to Hungarian practice Background In 2012, the parties signed an English-language contract in London, according to which the defendant owed the plaintiff USD 1,000,000 in cash and USD 1,500,000 in real estate as a result of their cooperation […]
In the early stages of the lifecycle of modern, mostly technology companies, there is no final product, no organization, no go-to-market strategy, no sales; there is only one idea, and from the scarce resources temporarily provided by families or friends, to business angels (angel investors) or venture capital and, in the more mature stage, bank […]
dr. Dániel Endre NAGY The pandemic brought significant changes both in the everyday and work lives of people: the use of home office became widespread, while communication is conducted through phone, emails and video conferences. Concurrently for official matters, such as signing contracts and doing banking administration, a person’s signature and personal presence are often […]
author: dr. Katinka TÖLGYES Significant relief was granted to directly or indirectly state-owned venture capital and private equity funds which, individually or jointly with another company, acquire management rights in a company for investment protection purposes. During the period of the emergency, for transactions in which the acquired company was in a difficult situation as a […]
author: dr. Katinka TÖLGYES With respect to the economic damage caused by the coronavirus pandemic, the European Commission has mitigated its position related to state aid and has temporarily amended the framework in the light of the crisis. The competition law expert of Kapolyi Law Firm summarized the most important information in this regard and […]
author: dr. Balázs József FERENCZY What force majeure means? Force majeure (in the Hungarian legal language: “vis maior”) is a legal institution dating back to Roman law, and “means a force or event that human weakness cannot resist.”[1] The legal literature includes both overwhelming natural forces, such as earthquakes, floods, shipwrecks, other natural disasters, and certain […]
A new provision of the Hungarian Arbitration Act entered into force on 1 January 2021, which may attract the attention of investors. The stipulation of arbitration proceedings in consumer contracts was generally prohibited until the end of the last year. However, this prohibition, which is intended to ensure the better protection of consumer interests, is […]
Frequent question on management meetings is whether lending in group financing structures would be possible for parent companies or real estate funds for purposes of development or acquiring assets, following the amendment of the definition on group financing set forth in Act CCXXXVII of 2013 on Credit Institutions and Financial Undertakings (Hpt.) effective as of […]
