Hungary

Recent Articles

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  11/07/2025

  International

  China retaliates against EU by limiting procurement of EU medical devices

  On 6 July 2025, China’s Finance Ministry published the Notice on Taking Relevant Measures Against Medical Devices Imported from the European Union in Government Procurement Activities in response to the European Commission’s 20 June 2025 decision to exclude Chinese companies from EU public procurements of medical devices exceeding EUR 5 million. For details of the EU decision, please refer to our previous Law-Now article: here.The Notice, which also went into force on 6 July 2025, has significantly impacted stakeholders in the life science sector. This article outlines the Notice’s...

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  08/07/2025

  EU, UK

  Ecodesign: A new standard for sustainable products, with a focus on toy safety

  Ecodesign refers to the systemic integration of environmental considerations into the design and development of products, with the aim of minimising their environmental impact throughout their entire lifecycle. The EU Ecodesign Framework for Sustainable Products, established by Regulation (EU) 2024/1781 (the “Ecodesign Regulation” 2024), sets out an approach to tackling the environmental sustainability of products placed on the EU market. It encompasses the need for products to be durable, repairable, recyclable and contain less hazardous substances.Against this backdrop the...

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  08/07/2025

  Hungary

  Hungarian national bank issues additional AML obligations to crypto-asset service providers

  The National Bank of Hungary (MNB) issued a new decree, setting down detailed rules for the implementation of the obligations for service providers subject to MNB supervision under the AML Act and the minimum requirements for the development and operation of a screening system for such service providers pertaining to restriction measures adopted by the EU and the UN Security Council.From July 2025, each crypto-asset service provider must investigate whether the self-hosted address is owned or otherwise under the actual control of the crypto asset originator or the crypto asset beneficiary. A self-hosted...

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  08/07/2025

  Europe

  Titanium Dioxide (E171) – EU Court Challenges Titanium Dioxide De­clas­si­fic­a­tion as Carcinogen

  Since our previous article regarding titanium dioxide and the EU’s ban on its use as a food additive in August 2022, the regulatory landscape for titanium dioxide (TiO₂, or E-number E171) has continued to evolve, particularly within the EU where there has been renewed judicial scrutiny and disagreement among the EU’s institutions on whether it should be classed as a carcinogen and regulated accordingly. Potted history of titanium dioxide as a food additiveTitanium dioxide is a naturally occurring oxide of titanium. It is a white opaque powder which has a wide range of...

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  08/07/2025

  Hungary

  Hungary’s national bank changes risk-man­age­ment system for determining the quality of public officials

  The National Bank of Hungary (MNB) issued a new decree (14/2025. (VI. 16.)), which sets down detailed rules for implementing the obligations of service providers subject to MNB supervision under the AML Act and the minimum requirements for the development and operation of a screening system for service providers to enforce financial and asset restriction measures adopted by the EU and the Security Council of the UN.In addition to the verification obligation under paragraph (1) to (2a) of Article 12 of the AML Act, service providers must regularly verify the quality of the politically exposed person...

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  07/07/2025

  Europe

  Securing Europe’s digital future: The EU’s strategy for quantum technologies and post-quantum cryptography

  Quantum technologies are rapidly emerging as a potentially transformative force with the power to revolutionise sectors ranging from healthcare and finance to security and defence. Recognising both the opportunities and risks, the EU has set out a comprehensive strategy to position Europe as a global leader in quantum technologies. The recently published European Quantum Technologies Strategy and Implementation Plan outlines the EU’s vision, objectives, and proposed regulatory approach, with a particular focus on fostering a robust quantum industry and addressing the profound implications...

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