The announced amendments to the Law on Foreigners and the Law on the Employment of Foreigners contain significant novelties. The most important changes relate to the simplified and digitized procedure for obtaining a residence and work permit for foreigners, new categories of foreigners who will be able to work and/or establish employment only based on residence permit, as well as the extended period of validity of permits.

Hungary has been traditionally the go-to hub for filming in Europe.

“Even if the deleted correspondence is restored, the act of deletion is considered by the Competition Board as hindering the on-site investigation.”

The history of artificial intelligence can be traced back to the 1950s, when researchers and computer scientists first explored the possibility of creating machines which could accomplish tasks typically performed by humans. Since then, AI has undergone several significant phases of development, each of which has been marked by essential landmarks and milestones. In 1997, IBM’s Deep Blue computer famously defeated world chess champion Garry Kasparov. In recent years, AI has seen the development of deep learning and neural networks capable of processing large amounts of data and making complex predictions.

In December 2022, the European Parliament and the Council adopted Regulation (EU) 2022/2554 on digital operational resilience for the financial sector and amending Regulations (EC) no. 1006/2009, (EU) no. 648/2012, (EU) no. 600/2014, (EU) no. 909/2014 and (EU) 2016/1011 (the “Digital Operational Resilience Act” or “DORA”).

At the extraordinary session of the Parliament of Montenegro held on February 28, 2023 a set of tax acts was adopted. The Parliamentary Committee for Economy, Finance and Budget of Montenegro has given its support for introducing aforementioned acts, which will result in higher budget revenues for the state through higher taxation and the introduction and change of excise duties on certain products.

On February 24, 2023, the Latvian Constitutional Court issued a long-awaited Judgement in case 2022-03-01 confirming that the current control mechanism over arbitration in Latvia is incomplete and unconstitutional. This means that the government will now be required to introduce a procedure for setting aside arbitral awards made by tribunals seated in Latvia.

Since 2010, the regulations and practices relative to the ESG requirements in the EU have been rapidly evolving. The EU has implemented significant rules by adopting the Taxonomy Regulation, the Non-Financial Disclosure Directive (NFRD), the Sustainable Finance Disclosure Regulation (SFDR) and the Corporate Sustainability Reporting Directive (CSRD). These regulate the disclosure obligations of certain companies and private equity funds in connection with their sustainability obligations and their commitment to respecting human rights.

When calculating the cost of running a business, companies typically tend to analyze factors such as labor cost, operating expenses, marketing and advertising, inventory, insurance, and taxes. Only, what happens when unexpected costs occur, such as a security data breach exposing the customers’ personal data to unauthorized parties? And is it still reasonable to consider such costs as unexpected?

Under Hungarian law if someone’s right to the protection of personal data is infringed, the person may be entitled to compensation for non-material damages. But does the unlawful processing of personal data always mean the infringement of the right to the protection of personal data, triggering the right for compensation? A fresh decision of the Hungarian Supreme Court analysed in this article provides answer to these questions.

The Polish Parliament is finally moving forward with the implementation of the EU directive on predictable and transparent working conditions (Directive (EU) 2019/1152).

Pursuant to the provisions of the Labor Law (Official Gazette of the Republic of Serbia no. 24/2005, 61/2005, 54/2009, 32/2013, 75/2014, 13/2017 – decision of the US, 113/2017 and 95/2018 – authentic interpretation) (“the Law”), by an employment contract the employer and the employee may establish the probation period for performance of one or more related jobs specified in that contract.

Only one group ever came and never went away: Lawyers.
This is because if the lawyers went, so would the games industry. (Richard A. Bartle)

It is well known that the legislation on agricultural land and forestry is very strict and diverse, especially in comparison with the legislation on other private law matters. However, complying with these regulations must be even more difficult if the person who wants to acquire the ownership of a land is a citizen of another country and therefore is not familiar with the relevant Hungarian legislation. With the following, we offer a brief summary of the mandatory aspects of land acquisition in Hungary.

The first article in this series looked at the background to energy crisis law and its implication for the proposed single market emergency instrument (SMEI) (for further details, see "Insight into regulatory crisis instruments to solve crises in European Union").

When the Russian military launched its invasion of Ukraine in February 2022, many countries in Central and Eastern Europe (CEE) responded immediately by amending their legal framework to provide shelter for Ukrainian refugees. These neighboring nations not only provided immediate humanitarian help, but also changed their immigration law to allow Ukrainian refugees to work and live in their country.

From 1st July 2023, a new law on the registry of legal persons, including companies and civil law organisations (“Registration Act”) will enter into force in Hungary. What are the key features of the new law? Will it be possible to register a company within 1 hour in Hungary from July 2023? This article highlights the major changes that the Registration Act will introduce.

Contributed by Nazali Tax & Legal.