25
Thu, Apr
41 New Articles

Profound Modification of Trademark System in Hungary

Profound Modification of Trademark System in Hungary

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

An amendment to the act on industrial properties enters into force on 1 January 2019. Such amendment not only modifies the existing trademark procedures, but also creates a more efficient, fast and customer-friendly system. Due to this modification, the Hungarian trademark legislation will also be conform with the requirements of the applicable EU directive.

The modification of the current trademark system has not only been necessary in order to comply with the EU legislation, but also to comply with the technological, social and other significant changes. One of the most important effects and changes of the amendment that it consists of the extension of registrable marks with the abrogation of the requirement of graphic representation, meaning that audio- or video files can also be submitted. Secondly, the modification introduces new absolute and relative grounds for refusal and it modifies the provisions on collective and certification marks. 

The new modified trademarks system will also be in line with the requirements of the applicable data protection regulation (in particular with the provisions of GDPR) that causes the change of the practical rules of the electronic administration (especially on the scope of the processed data). 

The modification enters into force in January 2019, meaning that now we should soon see the benefits of an improved, modern system in operation

By Rita Parkanyi, Partner, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com