Hungary is open to financial regulatory innovation

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Hungary: Tricks and Traps of Electronic Communication

By Kinga Hetényi, Alexandra Bognár We have seen continuous development over the past few years in the means of communication with the judiciary as well as central and local administrative bodies. But there are pitfalls one should be careful to avoid. The basics of electronic administration Electronic administration allows users to communicate efficiently with courts, authorities and […]

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By Mona Banu, Cristiana Manea Gun jumping refers to premature enforcement of a merger before obtaining clearance from the competition authority. While most companies are aware of this interdiction, it can be difficult to balance the scope of the competition standstill obligation during the pre-closing period and the measures taken by the acquiring company to protect the […]

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By Adolf Zemann, Guido Kucsko Copyright levies on recording media have been occupying the Austrian courts, courts of other Member States and the CJEU frequently over the last few years. A recent decision of the Austrian Constitutional Court adds another chapter to this never-ending story. The background Based on the InfoSoc-Directive (2001/29/EC), Member States must provide that […]

Hungarian Competition Authority revokes its decision clearing Digi’s acquisition of Invitel and imposes a significant fine

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By Theodor Artenie, Anamaria Tocaci, Alexandra Barbu Emergency Ordinance No. 114/2018, on the establishment of measures in the field of public investments and of fiscal-budgetary measures, the amendment and supplementation of some normative acts and the extension of some deadlines, recently introduced a series of legal changes with a fiscal impact. Below we summarise the most important changes in […]

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Taxation of a Shareholder’s Income In the Acquisition of a Limited Liability Company’s Own Business Share

This article aims to provide answers to a “hot topic” legal issue, often raised by shareholders, regarding the legal grounds for taxation of a natural person’s income derived from selling his business share to his limited liability company (where the company acquires its own business share) in the Republic of Slovenia. This article aims to […]

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On 7 December 2018, the Securities and Exchange Board of India (SEBI) issued circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 (Circular) to modify Circular No. CIR/CFD/CMD/13/2015 dated 30 November 2015 (Format for Disclosure of Holding of Specified Securities and Shareholding Pattern) issued under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Pursuant to the modification, […]

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