The decision of the Court of Justice of the European Union confirmed that if a bank or other financial service provider rejects a loan application solely based on an automated decision-making system, the customer has the right to receive a detailed explanation of the reasons behind the decision.

PDF icon limitations_of_automated_credit_assessment_procedures.pdf

News

Freedom of Court Selection in the EU: A New Era in Dispute Resolution
Limitations of Automated Credit Assessment Procedures – Lessons from a Recent Court Decision
Limitations of Set-Off in Liquidation Proceedings
Can Compensation Be Claimed in Addition to Eliminating Unnecessary Disturbance?
The Liability of Webshops for Illegal Content –- Based on the Opinion of the Advocate General of the European Court of Justice
Can a Digital Platform Developer Be Required to Cooperate with Another Application Developer?
May 1, 2025 – Important Deadline for Condominiums!
Legal Certainty and the Restoration of Agricultural Land Usufruct Rights: What Does This Mean in Practice?
Changes in Legal Costs in Hungary – What You Need to Know
Who Is Liable for Defective Products?
Changes of the Labour Code effective from 2025
High Activity in Our Labor Law Team
EUR 850,000 Business Sale with KRS Involvement
Successful Family Wealth Planning with KRS
Successful EUR 5 Million Acquisition Facilitated by KRS
Is it permissible to terminate employment due to reorganisation?
This time, DORA poses challenges to financial organizations
Certain Facebook posts can be grounds for termination of employment
Copyright infringement or just artistic freedom? - Andy Warhol vs Lynn Goldsmith Case Lessons
When is the e-mail address personal data and when is its use a violation of the right to privacy?
We have successfully closed an M&A transaction!
We have completed another successful transaction
Another successful representation from our office

Info

Is termination against the law if there is a dispute between the employer and the employee?
Preliminary injunction in cartel cases is crucial to avoid certain immediate negative effects of cartel decisions
Responsibility for inventory shortages – the most important things to know
When can the burden of proof in a liquidation situation be reversed?
Tough Cookies – be aware of regulatory practices of data protection authorities regarding the use of cookies
Further measures for the protection of employees, but at the expense of the employer?
Are we entitled to damages if a „chatbot” gives us false information?
Practical consequences of the European Union’s Digital Regulatory Package
Is it possible to claim for damages in addition to the financial compensation agreed with the insurance company?
The landlord may be at a disadvantage if the lease agreement does not regulate value added investments
Important changes in the legal issues of EU-US data transfers
The representation of our office led to success
Re-registration of usufruct rights on arable land and compensation can be claimed from the State, in connection with their earlier unlawful termination
We participated in the state purchase of André Kertész's pictures as a legal advisor
Rules of teleworking during the state of danger
New reorganization procedure during the emergency
KRS represented HÉLIA-D
E-KRS HAS BEEN LAUNCHED
How to track your company car via GPS legally?
Practical information about the returning 5% VAT rate for flats
Bankruptcy procedure as the tool of the reorganisation
Is it possible to restrict the right of the heir to become a shareholder in a company
KRS acted as the Hungarian legal advisor in a transaction between the korean Nongyhup Bank and SK Battery Hungary Kft.
Our M&A group's assistance in a several million USD transaction
Breaking news - KRS Corona hotline - Extraordinary suspension of court procedures
KRS Attorneys at Law assisted KDB Bank and SHINHEUNG SEC EU Kft. in the conclusion of multimillion-euro loan agreement
KRS acting as Hungarian legal counsel of SK Battery Hungary Ltd.
Real estate development project
Our Firm assisted a successful tenderer in the process of acquiring real estate property in Hatvan
Consumer protection procedure
KRS assisted Sangsin Hungary Kft in the conclusion of a credit agreement with the Korean KDB Bank and in drawing the funds in the related loan
Executive Training held for the management of a market leader in-plant logistic provider company
GDPR audit and counselling for SZIGET
GDPR audit and counselling for Extreme Digital
Working abroad (Part 1.): the principle of equal treatment
Basic rules of VAT exemption of foreign travellers
KRS: this is how limited partnerships and general partnerships can avoid pecuniary fines
KRS Successfully Represents Liquidator of Buda-Cash Against Saxo Bank
Successful counseling for bankruptcy of a stock exchange company
EKAER SYSTEM
KRS assisted in the sale of real properties containing prestigious retail units
KRS Attorneys at Law celebrated its 25th anniversary in November this year
KRS provided legal service in the dispute over a business management software
KRS won the GDPR audit of a market leader in formwork technology
Professional support provided by KRS in connection with the insurance and mutual-aid portfolio transfer of an insurance association
KRS supports SHINHEUNG SEC EU LTD. in course of conclusion of credit facility agreement with Korean KDB Bank and the drawdown of the relating loan
Successful contract signing took place with the assistance of KRS in connection with the joint venture established for the purpose of building a new shopping center at the agglomeration of Buda
Successful signing of a contract with the advice of the M&A branch of KRS Attorneys at Law
Debt management by KRS acting as representative of a leading Austrian bank
KRS Litigation group representing a leading Hungarian construction company has won a bankguarantee case in the value of EUR 10.37 million
It is required to ensure employee involvement in the field of occupational safety and health
Due diligence as an indispensable stage of capital investments
Black list of companies liable for serious e-commerce infringement will be drawn up
The mandatory capital increase of limited liability companies is still postponed?
What does it mean in practice if the Hungarian Competition Authority (GVH) launches a sectoral inquiry?
Do you have a non-paying client? May your company have debts? The position of the Curia on the conditions for ordering liquidation proceedings
KRS representing buyer in acquision of leading service provider company
KRS provided legal service in conclusion of 35 million EUR facility agreement
Contracts can be challenged during the liquidation process
Construction regulations - liability insurance
Financing for seed and start-up companies after JEREMIE initiative
Termination notice given to pregnant women can be withdrawn
Limited liability company on the outside, and company limited by shares on the inside
The difference between individual lien and separated mortgage
Simplified options to compute wage supplement
Legal protection for lienholders
Concentration in competition law
Termination of contract in liquidation porceedings
The ways young workers can be employed
Liability issues relating to the accountig of the JEREMIE initiative
Dr. Andrea Égertz received her postgraduate degree in European Union Law
Dr. Miklós Vida participated in Advocacy Academy training in Budapest 2016
ILO 105th Conference also attended by KRS Attorneys-at-law
New financial law expert at KRS
Tightening labour and labour safety inspections in 2016
Lawful data processing in employment relationship
LLCs have an additional time limit of one year in which to increase their capital
How to assert employment claims?
Protection for pregnant employees – Pregnancy and human reproductive procedure
KRS Newsletter (February 2016)
KRS hiring new lawyer from banking sector
KRS Newsletter (December 2015)
Upcoming changes to tax regulations
New employment and labour law branch leader at KRS
KRS Newsletter (November 2015)
GGI Insider November 2015
GGI Insider September 2015
Open senior associate and trainee lawyer positions at KRS!
Even HUF 130 million for innovation
FYI GGI Real Estate News
Dr. Miklós Vida has been elected to be a member of the Presidency of the Division of Articled Clerks
GGI: Dr. Attila Kovács re-elected
Tax-package of the year 2016 has been presented to the Parliament
Scope of re-usable public sector datasets will be extended!
Seasonal work? Simplified employment!
EKAER number validity check
Cross-border claim enforcement (Part 2)
Cross-border claim enforcement (Part 1)

Events

Engaging Presentation by Dr. György Kovács
Participation in the LAW Annual World Conference in Amsterdam
Conference of the Hungarian Medical Association of America (HMAA)
Law conference in Warsaw
Professional conference in Amsterdam
Workshop in Stockholm
GGI World Conference - Montreal
GGI conference in Madrid
Professional meeting in Budapest
Cyprus, Helsinki: focus on professional meetings
LAW Virtual Annual General Meeting 2020
LAW ANNUAL WOLRD CONFERENCE AND GENERAL MEETING 2019
LAW ANNUAL WOLRD CONFERENCE AND GENERAL MEETING 2018
KRS 25- Anniversary reception of KRS Attorneys at Law
Investors and investment strategies workshop - 07 December 2017
Investor Forum
GGI Annual World Conference
KRS DealMarket Project Forum
KRS event on the preparation for capital investments is coming soon!
KRS Attorneys at Law Supporting HVCA BBQ Party
GGI European Regional Conference 2017
GGI Italian Business Summit 2017
GGI's International Taxation Practice Group Winter Meeting
Workforce-2017, the National Conference of Employers
KRS BUSINESS BREAKFAST THE PRACTICAL EXPERIENCE OF INCUBATOR INVESTMENTS FROM THE VIEW OF START-UPS AND INVESTORS
The closing conference of the European Labour Law Network
Lawyers Associeted Worldwide (LAW) Annual General Meeting 2016
NŐI EGÉSZSÉG(ÉRT) NAP ( DAY FOR WOMEN'S HEALTH) ORGANISED BY "EGYÜTT KÖNNYEBB" NŐI EGÉSZSÉGÉRT ALAPÍTVÁNY-WITH THE SUPPORT OF KRS ATTORNEYS-AT-LAW
CLOSING CONFERENCE OF DIADSE INTERNATIONAL RESEARCH PROJECT ON EUROPEAN SOCIAL MODEL
GGI - Italian Business Summit
GGI's International Taxation PG meeting
GGI World Conference 2015
Business dinner with French professionals
LAW - Lawyers Associated Worldwide annual general meeting 2015
GGI German-speaking Conference
Conference on Digitalisation
Data Protection Conference – 2015
GGI DCRI Practice Group Meeting
Conference event titled „Changes and opportunities in the new Civil Code”, in the cooperation between the French-Hungarian Chamber of Commerce and the Kovács Réti Szegheő Attorneys at Law

Capital Services

CONFERENCE ON EMPLOYMENT LAW
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.
KRS Conference - What is a term sheet?
   
The history of a successful investment
   
KRS Business Breakfast The Preparation for Capital Investments
   
KRS Labour Law Academy
 
conference on employment law MÜPA 24th May 2016
Business breakfast for insurance brokers - 10th February 2016