By cash or card? Bank card acceptance in the Hungarian market

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Related briefings

CJEU: “opt-out” language does not create valid cookie consent – Austria

By Wolfgang Tichy, Gunther Leissler, Serap Aydin On 1 October 2019 the Court of Justice of the European Union (“CJEU“) provided guidance on whether website operators may obtain consent to the use of cookies via a preselected tick-box. 1   Background of the case A German company organised a promotional lottery on its website. It obtained the consent of […]

CJEU decides on obligation of social media operators

By Gunther Leissler, Andreas Natterer, Sara Khalil Case: C‑18/18; Eva Glawischnig-Piesczek vs Facebook Ireland Limited On 3 October 2019 the Court of Justice of the European Union (“CJEU”) provided guidance on Social Media operators obligations to monitor their networks for “hate speech”. 1 Background of the case In 2016 Eva Glawischnig-Piesczek, a (former) Austrian politician, was exposed […]

Bid rigging, a slippery slope for snow removal companies – Romania

By Mona Banu, Darius Trusculete The Romanian Competition Council (the “RCC“) recently imposed a total penalty of EUR 1.1m on four companies for indulging in anticompetitive practices. The companies breached the competition rules by colluding to rig bids for winter road maintenance services organised by the National Company for the Management of Road Infrastructure. Besides the […]

The impact of the 5th Anti-Money Laundering Directive

By Michael Lindtner The 5th Anti-Money Laundering Directive1 (“AMLD“) to amend the current EU Anti-Money Laundering (“AML“) regime must be transposed into national law by 10 January 2020. The approach of the EU is clear: AML prevention will be strengthened and AML requirements in the financial sector will rise. Credit institutions dealing with business relationships and transactions involving high-risk […]

Supreme Court finds insolvency related avoidance claims assignable – Austria

The Austrian Supreme Court has recently found that insolvency related avoidance claims can be sold. This may open a whole new business segment and will most certainly have a material impact on defendants in avoidance proceedings. Assignability of insolvency related avoidance claims In the case at hand (OGH 17 Ob 6/19k) an Austrian limited liability […]

Latest Briefings

Responsibilities of the members of the board of directors due to public debts

By Gülenay Kavcar In the light of the decision of the Constitutional Court regarding the application of EROL KESGİN dated 2015/11192 and dated 30.05.2019, the members of the Board of Directors who are not represented have the responsibility of the liability of the Board of Directors.     I. BRIEF SUMMARY OF THE CONSEQUENT EVENT The provincial […]

Do I need to get planning permission for the changes I want to make to home?

By Martín Casas If you’re thinking about  doing works on your house or garden, one of the things you will be thinking about (or should be thinking about!) is if you need to obtain planning permission. In most cases you will need planning permission, but there are a few occasions where you don’t. Probably the most […]

The impact of economic substance rules on family offices in the Channel Islands

By Richard Laignel, Alice Bricogne The economic substance legislation that came into force in Guernsey and Jersey in January 2019 requires companies that are tax resident in either island, and that conduct one or more of the defined activities, to demonstrate that they meet threshold levels of physical substance in their respective jurisdictions. How do the rules […]

Standard collaterals in commercial lease agreements on polish market

Under a lease agreement, a landlord commits to hand over a thing for a tenant’s use for a fixed or non-fixed term and the tenant commits to pay the landlord the agreed rent. When the lease ends, the tenant is obliged to return the thing in a non-deteriorated condition; however, is not liable for normal […]

The employer’s obligation on labour safety and hygiene in mongolia

By Bolormaa Volodya Mongolia is one of the wealthiest countries in the world of mineral resources and has developed its own independent mining industry since 1990. The country has joined the implementation of European and international technical, environmental and occupational safety and health standards in the mining sector to improve its competitiveness in the public […]

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Fantasy football start-up replaces CMS with Scots firm for $120m dispute

Scottish law firm Harper Macleod has been drafted by the founders of a technology start-up in a $120m claim against its new owners after CMS Cameron McKenna Nabarro Olswang was forced off the case. The dispute is brought in the Scottish courts by four founders of FanDuel, a daily fantasy sports business. Nigel Eccles, Lesley […]

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Fieldfisher hires from A&O to boost Condor arm

Fieldfisher has hired Allen & Overy  (A&O)’s working capital manager to add manpower to its Condor unit amid reshuffling in the firm’s alternative legal services and flexible resourcing division. The firm has brought in Paul Harrod to the Condor leadership team; Harrod has spent about 14 years in the magic circle firm’s finance department. There, he […]

Bakers sees out challenging year with 1 per cent growth

Baker McKenzie’s global revenue has inched up 1.2 per cent from $2.9bn to $2.92bn over 2018/19, with growth coming to a near standstill after an 8 per cent rise in 2017/18. On a constant currency basis, which the firm said is the “most accurate measurement of the financial performance of any global professional services firm”, revenue […]

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