Privacy-related representations in M&A agreements

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Hungarian law has always permitted shareholders of a company to limit the power of the company’s managing director(s). Thus, it has also been allowed to appoint a managing director without any right to represent the company. However, so far, the limitation on the representation rights of a managing director could not be registered in the […]

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Under certain circumstances, companies may decide to restructure their internal organisation in order to: increase efficiency; reduce costs; or focus on other areas of operation. If a company’s turnover declines and its business is suffering, it may force decision makers to reorganise its operations, which often results in redundancies. Hungarian law generally requires employers to […]

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Restrictive clauses are common in commercial lease agreements. Such clauses can limit a landlord’s ability to lease property to other tenants, restrict a tenant’s business activities to a certain geographical area or control the subleasing of property. Breaching such a clause can often lead to strict contractual penalties. Restrictive clauses in lease agreements may appear […]

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