Pursuant to the amendments to the Civil Code of Hungary to take effect as of 1 July, the rules governing the settlement of pecuniary debts and default interest shall be altered and expectedly, the legal disputes arising due to the deficiencies of the previous regulations will be avoidable – calls the attention the expert of Kovács Réti Szegheő.
According to the expert of Kovács Réti Szegheő Attorneys at Law, the interpretation disputes may cease with the adoption by the National Assembly of Act CIII of 2013 on the amendments related to the computation of absentee pay and the regulation of public funds.
Executive officers may be held liable if, after the time when impending insolvency has incurred, they do not carry out their management duties in a way as to seek to protect the interests of the company’s creditors
Establishment of a new professional organisation operating at the Hungarian Chamber of Commerce and Industry may accelerate the settlement of legal disputes arising out of building-designing and construction contracts and performance
Although all companies keeping double-entry books and registered in the register of companies shall deposit their annual report, experiences show that many of them fail to comply or do not properly comply with such statutory provisions
Regarding CCTV systems operable by security guards, while complying with the fundamental principles of data protection, provisions of the Act on Property Protection shall be applicable, granting statutory authorisation to security companies for carrying out certain data processing tasks.
It requires especially careful consideration and circumspection of employees to handle such situations where, respectful of employees’ inherent rights, for the sake of production or operation, limitation of such rights in one way or another is deemed necessary.
Many people might remember that nearly all business companies were compelled to announce various data – among others, their tax identification number – to the company court until 1 February, 2013, which presented quite a challenge for both the participants of business life and the legal representatives thereof, but mostly for the company courts.
Among the legal amendments taking effect as of the commencement of this year, there are some changes that may affect the parties in the course of real property sale and lease.
As shown by experience, several cases occur, due to the economic crisis, when either party has to resort to changing some provisions of a lease agreement.
