Corporate Law & Transactions

Recent Articles

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  26/06/2025

  Hungary

  Hungary to implement new laws on registration and termination procedures of legal entities in 2027

  On 1 January 2027, Hungary will replace the current laws regulating the registration, supervision and termination of legal entities with new legislation. These new laws will streamline and centralise the registration and oversight of legal entities, introducing new procedures and mechanisms to ensure their increased level of compliance.Hungary’s parliament has just adopted two acts implementing these systematic changes, the most important elements of which are the following:Unified registration system: the registration of all legal entities (i.e. all types of business associations, the Hungarian...

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  25/06/2025

  Hungary

  Hungary amends FDI regime by adjusting deadlines and extending the scope of preemption rights

  The amendment extends the deadline provided to the Hungarian minister of domestic economy for the examination of transactions falling within the scope of the FDI Decree from 30 business days to 45 business days starting from the date of notification. This deadline may be further prolonged three times by 30 business days if the minister deems it necessary for the clarification of the transaction’s facts ahead of its decision on acknowledgement or prohibition of the transaction.In addition, if the minister prohibits a notified transaction, Hungary can exercise the right of pre-emption over...

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  25/06/2025

  Hungary

  Hungary extends regulatory framework to cover exempt investment funds and managers

  On 27 June 2025, Hungary’s recently passed amendments to Act XVI of 2014 on Collective Investment Trusts and Their Managers and on the Amendment of Financial Regulations will come into force. These changes expand the supervisory powers of the National Bank of Hungary (NBH) by bringing certain investment funds, previously exempt from oversight, under its regulatory supervision.The amendments ensure that individuals holding qualifying interests in the managers of private investment funds are subject to licensing requirements, which will allow the NBH to monitor and oversee these owners effectively.For...

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  24/06/2025

  Poland

  Poland to adopt new rules for FDI screening – proposed changes expected in July 2025

  Poland is preparing to make its temporary foreign direct investment (FDI) screening regime permanent. A draft amendment to the law, presented by the Ministry of Development and Technology, proposes that the new rules would enter into force on 24 July 2025 – the date when the current temporary regime is set to expire.Under the draft, the authority responsible for conducting the proceedings will change: the Minister responsible for economic affairs (that is now the Ministry of Development and Technology) will assume authority, replacing the President of Polish Office of Competition and Consumer...

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  10/06/2025

  China

  Reminder: Beneficial Ownership Filing required in China latest until 1 November 2025

  On 29 April 2024, the People's Bank of China and State Administration for Market Regulation of the People’s Republic of China (the “PRC”) promulgated the Administrative Measures for Beneficial Ownership Information (the “BOI Measures”). They entered into effect on 1 November 2024. The BOI Measures newly introduced the concept of a “beneficial owner” (the “BO”), in addition to the already existing concept of an “actual controller”.Already existing: Filing Requirements regarding Actual ControllerFiling requirements regarding the “actual...

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  27/05/2025

  Oman

  Oman’s new governance principles for closed joint stock companies

  Oman has taken significant steps in strengthening the corporate governance of its Closed Joint Stock Companies (SAOCs) under Ministerial Decision No. 5/2025 issued by the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP).The Principles of Governance (the Code), effective from 14 January 2025, aims to implement a strict governance regime similar to what is applicable to Omani Public Joint Companies (SAOGs). The Code requires most SAOCs to amend their statutes to adapt to its provisions within 1 year of its effective date.This article considers some of the key takeaways arising from...

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