Legal news and expert advice in one place

Customs Duties and VAT  1. General Introduction In the European Union, customs duties and Value Added Tax (VAT) play a crucial role in the economic integration and protection of the internal market. Customs duties primarily serve to protect the EU market from competition from third countries, while VAT is applied

In Hungary, the liability of managing directors is determined by whether they are employed under an employment contract or a mandate agreement.  1. Employment Relationship: Liability as “Executive Employees” If the managing director is employed under a labor contract, they are considered an “executive employee” under Hungarian law. According to

When determining the value of a property, many factors must be considered. Among them, features such as a right to a panoramic view or natural light can significantly influence market value. A sunset over Lake Balaton seen from your living room may greatly enhance the value of your property—but what

Trust asset management (bizalmi vagyonkezelés) is a relatively new legal concept in Hungary, and many misconceptions surround it. While entrepreneurs often hear that this structure offers a number of tax and asset protection benefits, most of them still start with the same fundamental question:  “Is trust asset management the right

Multiple Employment Relationships: Can an employee hold multiple employment relationships at the same time? Hungarian labor law allows employees to enter into multiple employment relationships concurrently. This means that an employee may lawfully take up a second job, provided that it does not harm the legitimate business interests of their

A New Era in Executive Liability – Liability of Managing Directors The 2023 amendments to the Hungarian Bankruptcy Act significantly reshaped the rules governing the liability of managing directors when a company is facing insolvency. The goal of these changes is to allow more effective action against executives who fail

Home office and hybrid work are becoming increasingly important in the world of work. Due to the COVID-19 pandemic, many companies had to quickly adapt to new working models, and in many cases, these work arrangements have become long-term solutions. The legal aspects of these new work forms deserve special

The rapid development of artificial intelligence (AI) and social media presents new challenges in the field of employment law. Technological innovations are increasingly transforming the world of work, and these tools not only enhance work efficiency but also raise new legal and ethical issues. The impact of artificial intelligence and

The use of social media in the workplace is gaining increasing attention, as protecting the company reputation is important for both employees and employers. The impact on workplace culture and employee behavior raises many legal questions that require special attention. Employers have the right to regulate the use ofsocial media