KRS acted as the Hungarian legal advisor in a transaction between the korean KDB Bank and SHINHEUNG SEC EU Kft., concerning the conclusion of a loan agreement and in the loan drawdown.
KRS acting as Hungarian legal counsel of SK Battery Hungary Ltd.
Our Firm once again assisted in a real estate development project regarding the acquiring of an industrial property in Győr.
KRS Attorneys at Law 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
Our Firm assisted a successful tenderer in the process of acquiring real estate property in Hatvan.
Thanks to our attorneys, a consumer protection procedure against one of our insurance brokerage clients was successfully closed.
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.
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.
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.
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.
