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  01.09.2023

  Hungría

  Summary on the employment of guest workers in Hungary

  On 1 November 2023, Act L of 2023 on the Employment of Guest Workers in Hungary will enter into force, introducing a new type of residence permit (i.e. the guest worker residence permit). The government and ministerial decrees for the detailed rules of the Act have not yet been published, but the following is a summary of what is known about the legislation.Who can apply for a guest worker residence permit?Citizens of countries that are not neighbours of Hungary and located outside the European Economic Area. (These countries will be listed in the relevant ministerial decree). The permit can be...

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  28.07.2023

  United Kingdom

  The Supreme Court deals blow to litigation funding and collective proceedings regimes in the UK

  On 26 July 2023, the Supreme Court handed down judgment in R (on the application of PACCAR Inc and others) (“Appellants”) v Competition Appeal Tribunal and others (“Respondents”) [2023] UKSC 28. The judgment ruled, in effect, that many litigation funding agreements (“LFAs”) constitute damages-based agreements (“DBAs”) for the purposes of section 58AA of the Courts and Legal Services Act 1990 (the “1990 Act”).  This judgment has immediate and acute consequences for litigation funding of competition class actions, but also for...

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  04.07.2023

  Ukraine

  Ukraine resumes large-scale pri­va­ti­sa­tion

  On 22 June 2023, the Law of Ukraine No. 3137-IX “On the Introduction of Amendments to Some Legislative Acts of Ukraine Regarding the Optimisation of the State Property Fund of Ukraine, Improvement of State Property Management and Effectiveness of the Sanctions Policy” came into effect with provisions of this law related to the management of sanctioned assets to be effective on 22 September 2023.The law enables large-scale privatisation of state assets and state companies while martial law is in place, enhances the centralisation of the State Property Fund of Ukraine, extends the powers...

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  26.06.2023

  Hungría

  Hungarian government caps energy fee price element of electricity prices in select sectors

  On 19 June 2023, Hungarian government adopted a new government decree establishing a cap of EUR 200/MWh on the energy fee price element of the electricity price to be applied between 1 July to 2023 and 31 December 2023 for fixed-priced electricity supply contracts concluded by electricity traders and certain entities. The new legislation is a response to current unreasonably high prices in electricity markets, which are causing significant losses in the national economy.Beneficiaries of the capped electricity priceNon-natural persons and private entrepreneurs in the following registered activities...

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  31.05.2023

  Hungría

  Hungary introduces new Whi­stle­blo­wer Protection Act

  On 25 May 2023, Hungary adopted Act XXV of 2023 on complaints, disclosures in public interest, and related rules on reporting abuses, which is commonly known as the Whistleblower Protection Act and transposes the EU’s 2019/1937 Whistleblower Directive. Organisations in Hungary have 60 days (i.e. until 24 July 2023) to establish or review their whistleblower systems to comply with the Whistleblower Protection Act.Which organisations are required to establish internal reporting channels?The Whistleblower Protection Act obligates organisations to establish internal reporting channels in two...

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  23.05.2023

  Hungría

  Hungary launches new registry and registration procedures for companies as of 1 July 2023

  A new bill has been recently proposed to the Hungarian parliament, which aims to amend various acts that, among others, include a proposal to postpone the entry into force of Act XCII of 2021 on the Registry and Registration Procedure of Legal Persons from the originally planned date of 1 July 2023 to 1 January 2026. According to the bill's explanatory memorandum, entry into force of the Act is to be postponed to provide more time for legal practitioners to prepare for the systematic reforms the Act intends to introduce. The proposal has not yet been adopted by the Hungarian parliament.Hungary...

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