Enikő Molnár joins PETEKA PARTNERS Hungary as Of Counsel
We are delighted to welcome our new colleague, Enikő Molnár, who joined the PETERKA PARTNERS Hungary team as Of Counsel. She brings not only strong legal expertise in immigration law and cybersecurity but also Turkish language skills. Her arrival is a great step forward in strengthening our Turkish Desk and expanding our ability to serve […]
PETERKA PARTNERS Hungary advised leading powersports manufacturer on optimizing distribution and related contracts
At PETERKA PARTNERS Hungary, we were proud to assist a leading Hungarian powersports manufacturer – which is engaged in the development, production, distribution and promotion of motorcycles and off-road vehicles, boats, outboard motors, parts and accessories, and related products and services – in reviewing and re-working the templates of its distribution, warranty, sponsor and data […]
PETERKA & PARTNERS Hungary Advised on DORA Compliance for a Global Industry Leader
PETERKA & PARTNERS Hungary was honoured to support a global leader in consulting, technology, and outsourcing as they prepare for the upcoming Digital Operational Resilience Act (DORA), which takes effect on January 17, 2025. The DORA regulation is a significant step towards strengthening IT security across the financial sector in Europe. Designed to ensure banks, […]
PETERKA PARTNERS Hungary advised UK hospitality company on entry to Hungarian market
PETERKA PARTNERS Hungary advised a UK-based company, which operates several hostels & hotels across Europe, on its entry onto the Hungarian market. Comprehensive legal services included:• Establishing a local company• Concluding a long-term lease for a hostel• Providing legal support for local licensing• Assisting with the necessary refurbishment of a building PETERKA PARTNERS is proud […]
Implementation of the NIS2 Directive in Hungary
Hungary has implemented the NIS2 Directive, thus, affected companies need to be aware of the respective deadlines in order to perform their obligations arising from Hungarian Act XXIII of 2023 on Cybersecurity Certification and Cybersecurity Supervision in time. The purpose of the Directive is to force the affected companies to take measures to secure their […]
TAX-FREE ACQUISITION OF START-UP SHARES IN HUNGARY
On 1 January 2024, a new era will begin for start-ups in Hungary, as they will be able to offer tax-free shares to their employees and executive officers, provided that they do not divest their shares for at least 3 years after acquisition. Read about it here.
Minimum wage increase in Hungary
The Hungarian Government has decided to increase the minimum wage and guaranteed minimum wage for the second time this year. Read about it HERE.
Hungarian whistleblower protection act to come into force on 24 July
The Hungarian Whistleblowing Act will come into force on 24th of July 2023 for companies with more than 250 employees and service providers subject to the Anti-Money Laundering Act regardless of the number of employees. The new Act also applies to companies with 50-249 employees from 17th of December 2023. Companies may also operate a […]
Newly introduced Whistleblowing regime in Hungary
The Hungarian Parliament adopted a new Whistleblowing Act on 11 April 2023 with the purpose of implementing the 2019/1937/EU Directive in Hungary. The Act is expected to be published soon and it will enter into force on the 60th day after its publication for companies with more than 250 employees, and service providers subject to […]
More favourable consumer complaint handling rules for businesses in Hungary
Pursuant to recent amendments to the Hungarian Consumer Protection Act, proceedings by the consumer protection authority can only be initiated after the consumer has tried to resolve the dispute directly with the business concerned. A written complaint submitted by a consumer shall be answered in writing within 30 days of receipt in a way that […]