Hungarian company may appoint German-style Supervisory Board with strong decision-making powers. The main role of the supervisory board is to monitor the management of the company in order to safeguard the interests of the legal person. And it must be composed of persons who are independent of the management of the company and who cannot […]
The presence of Ukrainian workers in the Hungarian labour market is nothing new, but the conflict in the neighbouring country has created a completely different situation: new arrivals are seeking refugee status, but the conditions for this – despite the already facilitated employment rules – were not always met. In early March 2022, the Hungarian […]
As part of the economic protection package introduced by the Hungarian Government, another measure restricting the acquisition of property by foreigners in Hungarian companies appeared in the National Gazette of Hungary published on 25 May 2020. Pursuant to Government Decree No. 227/2020 (V.25.), the acquisition of ownership in strategic companies is, in certain cases, subject […]
The European Union has introduced two new instruments for certain types of companies that make it easier to obtain information and keep track of information at EU level for any individual in each Member State. What is the EUID? The EUID (European Unique Identifier), is a complex identifier code, which allows companies and their branches […]