Summary 21 posts
RSM\'s family lawyers often find that when it comes to business property, spouses cannot decide: who owns the \"company\"? Do the spouses own the business shares jointly or separately? In the case of a business share, it would be easy to define ownership as \"in whose name it is held\", but the question is more complex in the case of matrimonial property.
Read moreAlthough in Hungary many people shy away from the idea of a prenup for emotional reasons, it is irresponsible for couples who run a joint business not to consider a negative scenario. Not only can costly and protracted litigation be avoided in divorce by a prenuptial property agreement, but the future of the family business could well depend on it. The number of contracts designed to protect family assets registered in the Register of Matrimonial and Cohabitation Property Contracts is increasing every year.
Read moreRepresentatives of some foreign companies often contact us asking about the foundation of a company in Hungary. Last time, we had a meeting in the morning, and the next working day, we presented the documents of a limited liability company with court registration and a bank account to our partner. Of course, starting a company is not always as fast as that. It requires preparation and quick decision by the client.
Read moreChanges to the rules on teleworking: the agreement of the parties may be more important
Read moreThe rules of compulsory strike-off procedures are relaxed from 1 July 2021: in certain cases, companies may request the termination of the procedure with regard fulfilment of the conditions of continued operation of the company.
Read moreThe Hungarian Energy and Public Utility Regulatory Authority has published the 2021 green premium tender. Power plants producing electricity from renewable energy sources will be able to apply for price support this summer for a period of 15 years.
Read moreThe state of emergency introduced due to the second wave of the coronavirus pandemic urged to make the rules of remote work clear or at least make it more flexible. One of the newest decrees of the government aims at filling this void now.
Read moreThe Hungarian Energy and Public Utility Regulatory Authority has published the 2020 green premium tender. Power plants producing electricity from renewable energy sources will be able to apply for price support this autumn for a period of 15 years.
Read morePursuant to a government decree adopted in relation to the emergency situation on 25 May, in certain business sectors, foreign investors could only acquire shares in business entities with registered offices in Hungary subject to the acknowledgement of the relevant minister. Following the repeal of the government decree, statutory regulations entered into force as part of the miscellaneous amendments concerning the end of the emergency situation, effective from the day on which the emergency situation was declared to have ended, which amended certain provisions of the decree.
Read moreCompany proceedings, property sale and purchase contracts: almost everyone automatically remembers that an attorney is necessary for these procedures and the signature typically takes place in the office of the legal representative. Many are unaware, however, that company foundation and company transformation processes and even sales and purchases of property requiring attorney counter-signature can be carried out electronically without personally seeing the attorney.
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