Amendments to the Companies Act and Bankruptcy Act during the emergency situation

Pursuant to the Government Decree, published in the Hungarian Official Gazette on 28 May 2020 (Government Decree No. 249/2020 (V.28.) on the Deviations in the Application of Act XLIX of 1991 on the Bankruptcy and Liquidation Proceeding (hereinafter referred to as the Bankruptcy Act) and Act V of 2006 on Public Company Information, Company Registration

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Further measures within the frameworks of the handling of the epidemic emergency

the Government has adopted the following measures to ease the outdoor access ban in general and specifically in respect to Budapest (earlier than expected). Furthermore, a decision has been made concerning the outdoor events and specific rules on the travel service contracts prevailing during the term of the emergency situation, as follows: I. The operation

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Back from home office – labour protection risk management

Due to the measures of the Government aimed at the easement of the outdoor access bans, introduced since 4 May 2020 first in respect of the territory out of Budapest and later in respect of Budapest as well (as described in details in our previous newsletters), the actors of the economy now consider the restoration

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Regulations regarding the reopening of kindergartens and nurseries

The Government has adopted the following provisions concerning the reopening of kindergartens and nurseries, and the organization of summer camps. Pursuant to the related Government Decree, in line with the previous easing of the restrictions applicable to Budapest and the territory of the country except for Budapest, the provisions concerning the reopening of the kindergartens

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Government introduced further mitigating rules in the framework of pandemic state of emergeny

with reference to our previous newsletter concerning the partial release of the outdoor access ban, please kindly be informed that the Government has introduced further mitigation measures on 15 and 16 May 2020 within the frameworks of the epidemic emergency, as follows: 1. Measures applicable to the entire territory of Hungary except for Budapest: The

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Certain Procedural Rules Are Amended For The Period Of The Emergency Situation

Due to the epidemic emergency, the Government has amended certain procedural rules in the last few days, in respect of (among others) the following procedures: The rules related to activities subject to authorization Certain activities subject to authorization listed in Government Decree No. 191/2020 (V.8.) on Licensing and Controlled Notification During the Emergency Situation are

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The Hungarian Competition Office imposed a fine of 2.5 billion HUF on booking.com for unfair trade practices

The decision of the Hungarian Competition Office (HCO) declared that the Dutch Booking.com B.V., the operator of the online accommodation booking portal, booking.com, has pursued unfair trade practices by misleading its consumers through the advertisements of certain accommodations as well as by exerting aggressive psychological pressure on them. The HCOP has declared booking.com’s trade practices

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The measures of the Hungarian Government adopted and announced in the Official Gazette on 30 April 2020

The most recent measures of the Hungarian Government adopted and announced in the Official Gazette on 30 April 2020 within the frameworks of the handling of the epidemic emergency are as follows: I. Rules related to the outdoor access ban In certain cases, the related decrees apply a differentiation between Budapest and Pest county and

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Additional detailed rules in connection with the rules of short-time work

The new templates, forms and information sheets adapted to the new rules of the amended ‘Decree on state subsidy to pay the wages and salaries of employees employed in reduced working time ‘ (hereinafter referred to as the Decree), which we shared with you in our previous newsletter, have been made available on the website

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Approval of balance sheet 2019

According to provisions of the Act C of 2000 on Accounting (the Accounting Act), companies using double-entry bookkeeping and registered in the firm registry, are obliged to deposit the annual balance sheet report or simplified annual balance sheet report – and in the case of a compulsory audit of the books, also containing the audit

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