Month: March 2024

Pánszky Law Firm 20th Anniversary

Pánszky Law Office, a Hungarian boutique law firm, celebrates its 20th Anniversary. Our law firm was founded in 2004 by dr. Gyula Pánszky, focusing on the full spectrum of business law, specialising primarily in advertising, media, telecommunications, corporate and commercial law, but also providing a full range of legal services in the areas of employment law,

Continue Reading

Newsletter March 2024

Contents: Mandatory chamber contribution until March 31, 2024 Instant bank transfers in the EU Lidl fined HUF 90 million by the Competition Authority for misleading advertising communication Government imposed mandatory notice on reduced unit pack sizes for pre-packed products NMHH Decree No. 2/2024 (I. 23.) on the National Advertising Register Pánszky Law Firm 20th Anniversary

Continue Reading

Mandatory chamber contribution until March 31, 2024

According to the Act CXXI of 1999 on Chambers of Commerce, economic entities are obliged to pay a chamber contribution every year, which amount is HUF 5,000 / year, and must be paid by 31 March of the current year, ie. by 31 March 2024 this year. The existing and newly established enterprises have to

Continue Reading

Instant bank transfers in the EU

The Council of the European Union has adopted a regulation allowing immediate transfers in Eurosin the EU and the countries of the European Economic Area (EEA). The new rules will allow the funds transferred to reach the bank accounts of retail customers and businesses immediately.

Continue Reading

Lidl fined HUF 90 million by the Competition Authority for misleading advertising communication

In its commercial communication applied from 13 February 2023, Lidl Magyarország Kereskedelmi Bt. made the following claim suggesting market leadership: “Lidl is the cheapest food chain”, which message was not adequately supported, as the supermarket chain had supported this slogan with a third-party survey, however the survey conducted by Pénzcentrum was subjective and non-representative, so

Continue Reading

Government imposed mandatory notice on reduced unit pack sizes for pre-packed products

Government Decree No. 1/2024 (I. 9.) on the measures necessary to reduce the inflationary effect on food products was recently published, according to which, if the size of a new unit pack of a given product is smaller than that of the product manufactured by the same manufacturer in the period between 1 January 2020

Continue Reading

NMHH Decree No. 2/2024 (I. 23.) on the National Advertising Register

NMHH Decree No. 2/2024 (I. 23.) on the National Advertising Register was published on 23 January 2024 by the President of the National Media and Infocommunications Authority (“NMHH”) and entered into force on 24 January 2024, according to which, at the request of the owner of the advertising device, the NMHH will register the advertising

Continue Reading
[clean-login]