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.

GDPR: What about the fine?

Regarding the new General Data Protection Regulation of the European Union (GDPR) apart from the professional and systematic challenges of the domestic interceptions, the were dominated by new fines. It is well known that the general maximum of the fine will be EUR 20 million, while and it may be 4% of their annual turnover in case this latter amount is higher, although the principles of imposing these fine are further from the centre of attention.

More rapid and efficient jurisdiction in the trials of courts of appeal

Regarding the practice of courts of appeal prior to the entrance into force of Act CXXX of 2016 on the Code of Civil Procedure, on the 1st January of 2018, the chambers of second instance often annulled the decisions of the courts of first instance and ordered them to carry out once more a procedure and render a decision in the end.  However, the aforesaid practice often lead to unreasonably dragged on procedures.

Court of Appeal: Examples of null and void recognition statements of debts

According to the decision of the Court of Appeal of Budapest, the debtor cannot make a recognition statement of debts prior to the payment of the sum of the loan.The reason that this case is remarkable is that the credit banks often require one-sided statement of commitment throughout the lending. The question arises, in which are the cases when the aforesaid statements are null and void.

The meaning of priority of bona fides person acquiring a right in land-registry services

In a recently rendered decision of the Hungarian Curia, the chamber was raising the question of the following issue. Namely, if there is any chance, that a right acquired under an agreement, but not registered in Real Estate Register, is prior to a right acquired under an agreement concluded later but registered in the Real Estate Register.

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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.