Global Minimum Tax Compliance: What You Need to Know
Understanding the Global Minimum Tax Due to changing tax regulations, companies must prepare for new obligations – delays may result in serious financial consequences. Who is Affected? If your company is affected, you need to act now! If your corporate group meets the following conditions, your company is also affected by the global minimum tax […]
Changes to the GDPR Standard Model Clause (SCC) and Data Transfer Rules
Introduction: The New SCC and Their Impact on CompaniesThe 2021-issued EU GDPR Standard Model Clause (SCC) affects many companies, as any company transferring personal data to third countries outside the EU must re-enter its data transfer agreements. These rules apply to both data controllers and data processors. SMEs and Legal ComplianceEspecially among small and medium-sized […]
Mandatory Information on Manufacturer’s Warranty: The Decision of the European Court of Justice
According to the decision of the European Court of Justice, traders are required to inform consumers about the manufacturer’s warranty before concluding a contract. This ruling, issued in case C-179/21, plays a particularly important role in protecting consumer rights, as it clearly defines the obligations of traders who sell products on online platforms such as […]
The European Union’s New Consumer Protection Guidelines and Online Shopping Regulations: What Merchants Need to Know
The popularity of online shopping has rapidly increased in recent years, so lawmakers must continuously adapt to new market challenges. The European Union has recently introduced new regulations that will significantly affect the operation of online stores. The new Consumer Protection Omnibus Directive aims to create a clearer and fairer online shopping environment while strengthening […]
ESG: The New Regulation and Its Importance for Companies in the European Union
ESG (Environmental, Social, Governance) is gaining increasing attention in investor circles, and the English term refers to environmental, social, and governance aspects. The aim is to consider not only the financial performance of companies but also their environmental, social, and governance policies and activities. ESG now plays a key role not only in business decision-making […]
The NAIH Decision and the Tasks of Companies in Direct Marketing Data Processing
The NAIH decision and the GDPR direct marketing rules provide important legal guidance for companies. The NAIH decision regarding direct marketing data processing emphasizes, for example, that every data processing consent must comply with GDPR direct marketing rules and must specify which marketing channels will be used for contacting the individual. The consent for marketing […]
Payment in euro
The payment in euro is gaining an increasingly important role in Hungary, especially in the payment of corporate tax, which since August 2022 can be paid not only in forints but also in euros and US dollars. Both companies and individuals can take advantage of the benefits of paying in euros, especially when doing business […]
Contract Review Before Signing: Don’t Leave it Unread! – Lessons from Two Precedent-Setting Recent Court Rulings
Why Is a Thorough Contract Review Important? Most of us are already aware that we must read documents before signing them – but do we always follow this advice? While we often skim through terms and conditions when shopping online, employment-related documents, especially when in an employer position, are always carefully reviewed. Below, we present […]
Important Information About General Terms and Conditions Subject to Special Review
In today’s publication, we aim to provide detailed information regarding the general terms and conditions subject to special review and their legal implications. In some cases, despite the parties’ signatures, explicit acceptance after proper notification is required for the validity of the contract to be ensured. These conditions cannot automatically become part of the contractual […]
Price Disclosure on Packaging
New Consumer Protection Regulations to Prevent False Promotions with Price Disclosure on Packaging Good news for consumers, more work for businesses – From now on, clever stores and online shops can no longer make their discounts seem more attractive by temporarily inflating prices just before a promotion. From now on, when announcing price reductions, retailers […]