Whereas pursuant to the Civil Code in force earlier the liability for a breach of contract may only be validly excluded or limited, if the accompanying disadvantage is counterbalanced by proper reduction in consideration or by other advantage.
The new Civil Code imposes a material sanction on the creditor, if he fails to fulfil his obligation to notify the guarantor.
The decree of the Minister for National Economy on the procedural rules governing the administering of claims under warranty and guarantee for products sold to consumers will enter into force as from the middle of May, and businesses may not depart from its provisions to the detriment of consumers.
The new Civil Code has changed the rules for procurement by tendering from 15th March 2014. The previous act did not contain special rules regarding the tendering procedure, but the new rules provide wide ranging possibilities to the procuring party.
Regarding contracts on the transfer of title, the new Civil Code which entered into force on 15th March 2014 allows the seller to retain his title until the purchase price is paid in full.
Companies will face serious legal consequences if they fail to meet their obligation to provide information as set forth for consumer contracts. The new government decree on the detailed rules of consumer contracts between consumers and companies taking effect on 13 June 2014 introduces serious changes regarding the costumers contracts
In addition to other legal areas, the new Civil Code also brings changes in compensation rules by replacing the existing reference rule on contractual liability with an independent liability category, this also means that the new Civil Code breaks the principle of uniform civil liability and puts contractual and non-contractual liability for damages on different principled bases.
While hate speech used to be sanctioned in Hungary under criminal law — the facts of the case being public provocation, then hate crime — the new Civil Code has brought about fundamental changes in the relevant legislation and the opportunities for the enforcement of claims with effect from 15 March 2014.
The new Civil Code effective from 15 March will bring substantial changes for consumers entering into a sales contract with a company.
31 May might be an important day in the life of many public benefit foundations and other civil society organisation who were registered or got their public benefit or prominently public benefit status prior to the entry into force of Act CLXXV of 2011, also called as the “Civil Act”, the expert of Kovács Réti Szegheő Attorneys at Law reminded origo and the entities concerned.
