Hungría

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Artículos Recientes

  •  
    23/07/2024
    Europe

    Creditors’ protection enhanced in financing railway rolling stocks following the entry into force of the Luxembourg Protocol

    The Cape Town Convention on international interests in mobile equipment (the “Convention”) was adopted on 16 November 2001 and promotes the financing and acquisition of certain type of assets. It lays down uniform rules on the validity, enforceability and enforcement of security interests and enables international creditors to retain their prerogatives and rank irrespective of the location of the secured asset. It applies to (i) aircraft, (ii) railway rolling stock (“RRS”), (iii) space assets and (iv) mining, agricultural and construction equipment.The Convention is supplemented...
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  •  
    22/07/2024
    Hungría

    Central Bank Digital Currencies to transform the financial landscape

    Central Bank Digital Currencies (CBDCs) represent the digital form of a nation’s currency, issued and regulated by the central bank. Unlike cryptocurrencies, CBDCs maintain a stable value and do not replace cash, but rather complement it. Users can store CBDCs in digital wallets, enabling efficient, secure, and instantaneous transactions.Types of CBDCCBDCs are broadly categorised into retail and wholesale types:Retail CBDCs are available to the general public, enhancing cross-border payment efficiency, financial stability, and financial inclusion. Variants include:Direct CBDC, which is managed...
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  •  
    22/07/2024
    Hungría

    Hungary issues country lists for employment of third-country nationals

    Hungary’s government recently issued Government Decree No. 179/2024 (VII. 8.) defining the list of countries of third-country nationals who may be employed in Hungary with the National Card, and also issued Government Decree No. 180/2024 (VII. 8.) defining the country list of third-country nationals who may be employed with a residence permit for foreign workers. These Government decrees entered into force on 9 July 2024.Pursuant to Section 283(12) and (13) of Act XC of 2023 on the General Rules for the Entry and Residence of Third-Country Nationals, the Hungarian government must determine...
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  •  
    19/07/2024
    Europe

    A healthy balance between novelty and sufficiency for a claimed therapeutic use in view of a clinical trial disclosure in healthy volunteers (T 209/22)

    The question of novelty and sufficiency of second medical use claims in light of clinical trial prior art has been addressed by the EPO Boards of Appeal on a number of occasions. In recent decision T 209/22, the Appeal Board considers the impact of a disclosure relating to a clinical trial in healthy volunteers. The Appeal Board also comments on the different standards that apply for novelty and sufficiency of disclosure. The decision highlights that an attack based on novelty-sufficiency squeeze may not always be effective.BackgroundThe present decision relates to European patent 2506844 which...
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  •  
    15/07/2024
    International

    CMS European Private Equity Study 2024

    We are pleased to share with you the 2024 edition of the CMS European Private Equity Study, a comprehensive analysis of hundreds of private equity deals CMS advised on across Europe in 2023 and previous years.Here are a few of the key findings:Deal activity remained stable despite economic challenges.New investments accounted for 69% of PE deals analysed; 50% were add-on acquisitions.TMT led sector activity at 24%, followed by Life Sciences and Consumer Products at 15% each.Earn-out provisions declined but stayed above pre-pandemic levels.ESG due diligence was conducted in 47% of PE deals.Arbitration...
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  •  
    12/07/2024
    International

    Energy and climate change: The most significant (marine) climate change decision yet?

    Continuing the theme of a number of recent court judgment regarding state and party obligations concerning climate change issues, the International Tribunal for the Law of the Sea (“ITLOS”) has recently delivered its advisory opinion (the “Opinion”) regarding State obligations under the United Nations Convention on the Law of the Sea (“UNCLOS”) in relation to the prevention, reduction and control of pollution of the marine environment that result or are likely to result from climate change.The Opinion arrived only a few weeks following the ECtHR’s milestone...
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