Immobilien und Bauen

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  •  
    22/03/2024
    Ungarn

    Hungary establishes categorisation of investment funds and introduces new investment rules

    According to the decree, there will now be four main types of funds based on their primary asset categories: securities funds, real estate funds, venture capital funds and mixed funds. In addition, there will be a total of fourteen categories of investment funds within the four types. These categories are already known in the market and some of the categories are regulated in the existing decree.The new decree provides for separate asset composition and asset ratio rules for each investment fund category. For instance, bond funds must invest at least 55% of their assets in credit instruments, equity...
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  •  
    19/03/2024
    Ungarn

    Hungary adopts new regulations on occupational Safety and Health fines and administration

    The Hungarian parliament recently adopted amendments to certain government regulations on occupational matters, and new government regulations on the detailed rules for the amount and imposition of occupational safety and health (OSH) fines, which entered into force on 1 March 2024. The amendments to the government regulations were necessary to ensure consistency between the legislation.The following article summarises these changes.1. Government Decree No 24/2024 (II.14.) amending certain Government Decrees on employmentAmendment to Government Decree No. 320/2014 (XII.13.) on the designation of...
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    12/03/2024
    Ukraine

    Ukraine launches official website of the Register of Damage

    On 4 March 2024, the official website of the Register of Damage for Ukraine was launched. The website sheds light on the forthcoming modes of operation of the Register of Damage and outlines the general requirements for claims to be accepted.The Register of Damage will record claims filed by individuals, entities, and the Ukrainian state for compensation for damage, loss, and injury resulting from aggression by the Russian Federation. The Register will also receive and keep the supporting evidence of these claims.The Register of Damage will only accept claims filed digitally through the Ukrainian...
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  •  
    05/03/2024
    Ukraine

    Ukraine further simplifies procedure for changing land-plot designations for energy and industrial construction

    On 6 February 2024, the Ukrainian parliament passed Law No. 3563-IX “On Amendments to Certain Legislative Acts of Ukraine to Engage Investments for the Purpose of Quick Rebuilding of Ukraine”. On 26 February 2024, the President of Ukraine signed this draft legislation into law.This law builds upon previous legislative initiatives aimed at simplifying procedures related to changing the designated purpose of land. In 2022, parliament streamlined the process for changing the designated purpose of lands for relocated enterprises, river ports and critical infrastructure.By enacting Law No....
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    13/02/2024
    Ungarn

    Hungary makes changes to labour law, occupational health and safety at work

    Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian lawmakers passed amendments to Act I of 2012 on the Labour Code, Act IV of 1991 on the Facilitation of Employment and Unemployment Benefits, and Act XCIII of 1993 on Occupational Safety and Health and certain OSH decrees.The following article outlines the changes to labour law in Hungary brought on by these amendments.1. Amendments to Act I of 2012 on the Labour Code and Act IV of 1991 on the...
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  •  
    09/02/2024
    Ukraine

    Ukraine launches State Register of Sanctions

    On 29 January 2024, the President of Ukraine by the Decree No. 36/2024, approved the Decision of the National Security and Defence Council of Ukraine “On Approval of the Regulation on the State Register of Sanctions”. On 1 February 2024, the National Security and Defence Council of Ukraine launched the State Register of Sanctions on its website. The Register provides free public access to up-to-date and reliable information on persons and entities subject to Ukrainian sanctions.The Register is available in Ukrainian and English, and consolidates information regarding Ukrainian sanctions...
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