Blog
Incorporation or settlement of undivided common property
A new possibility for the termination of common ownership is the so-called "incorporation". Although, the rules of the related Act LXXI of 2020 on the liquidation of undivided common ownership of land and on the settlement of data in the land register of the...
Utlimate beneficial owner registry and what you should know about it
Authorities with the appropriate authorization and certain service providers will are able to request data from the registry since 1 February 2022. On top of that third parties will also be able to request data from 1 July on with certain restrictions. After...
What will change with the new law on corporate restructuring?
In 2019 the Directive (EU) 2019/1023 of the European Parliament and of the Council (Restructuring Directive) has become effective. The legislation transplanting the directive into Hungarian law was ratified on 1 July 2021, but the practical use of the various...
