Real Estate Registration - it became easier to ease the burden of real properties

In the real estate registration process, the ranking of cases submitted to a topographical lot number is determined by the date of receipt of the application submitted to the land registry, also known as the date of registration. Previously, it was a problem when an application for registration of ownership was filed in the case of a mortgaged real property, followed by a request for the cancellation of a mortgage on the real property.

Goodbye road register

The Hungarian Government's request for a derogation has been successful, as the European Council decision on the 2nd of October 2019 does not require to keep a track record of the private use of leased passenger cars, if the bill submitted on Friday is adopted, and the costs of leasing VAT and 50% of it will be deductible without certificate, as opposed to the previous rule of proportionality.

Tax planning practice already successful in Western Europe is going to be available in Hungary as well from 2019

Specific details of a new tax institution were established in a so-called “tax-package” submitted prior to the festive week-end, which has had unfortunately passed away. Following the VAT grouping, corporate tax grouping is going to be available in Hungary, thus, also a massive competitive disadvantage is willing to be vanished.

Employment law - projection on recalling a managing directors

The management of a company may be entrusted to a managing director as a contractor or an employee, subject to the agreement of the parties. If a managing director carries out his duties in an employment relationship, then both the legal provisions applicable to corporate companies and the relevant labor law rules should be taken into account in connection with the legal relationship, which may in many cases lead to difficulties in applying the law.

Employers pay attention! New Curia decision on employers' control and compensation obligation

The recent ruling of the Court on a case-by-case incident is related to an accident at work has repeatedly analyzed the concept of the control circle in relation to compensation and was affected by the obligation to compensate and the possible sharing of damages also the question of the correct interpretation of the relevant legislation.

The Constitutional Court has annulled the provision subject to the disqualification of executive officers

The provisions on the disqualification of company law are set out in Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings (hereinafter: “Ctv.”). Some amendments to the law since its entry into force have gradually tightened up. At the same time, Act CCLII of 2013 has introduced exceptions to the ban, alleviating the former rigor of regulation. According to the legislation in force, as a result of the search for property, the following three cases may occur in the disqualification of forced cancellation proceedings.

New decision taken by the Supreme Court on the liability for damages on behalf of the managing directors

The Supreme Court ruled again in the subject of the liability for damages of the managing directors. Recently, the Supreme Court published a regulation in which they dealt with acts with regard to liability for damages of the executive employee, which is regulated in Act I of 2012, in the so-called new Labor Code.

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A full-day conference on employment was organised by HR Portal and KRS Attorneys-at-Law on 24 May 2016 at the Glass Hall of MÜPA (Palace of Arts) in Budapest. The most leading experts in all areas of employment made presentations and also answered to the questions of the audience.