Protection of financings in restructuring – a second chance for entrepreneurs?

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Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Hungary: Introducing the managing director without representation rights

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 […]

Hungary: Influencers have been targeted by the HCA, but what about buying followers?

Society is undergoing a new industrial revolution – with the global development of the Internet, life has changed radically in just a few decades, and legislation can barely keep up with adapting to a situation that was previously unimaginable. The Hungarian Competition Authority (HCA) has also been monitoring developments and it has not been afraid […]

The time has come: Federal Procurement Act 2018 just around the corner in Austria

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

Hungary: Decline in turnover as grounds for dismissal

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 […]

Latest Briefings

Russian restrictions for VPNs and anonymisers

By Meldir Erbulekova On July 29 2017 the Law on Amendments to the Law on Information, Information Technologies and Protection of Information (Federal Law 276 FZ) was adopted. The new law provides for the regulation of VPNs and other technologies (known as ‘anonymisers’) that allow users to surf the Internet anonymously. The new legal framework […]

Russian patents: Rospatent fee-based extradited examination

By Maria Aronikova On October 5 2017 the Russian Patent and Trademark Office (Rospatent) officially announced that expedited examination will be available for all applications. Rospatent had abrogated its former expedited examination practice in 2012. Since then, patent law has allowed accelerated examination through the Patent Prosecution Highway (PPH) system…

National minimum wage and ‘sleep-in’ shifts

By Connie Cliff and Martin Chitty Treatment of “sleep­in” shifts for national minimum wage (NMW) purposes is an area that can often cause confusion. Where a worker is required to work a number of sleep­in night shifts at the employer’s premises, and be available in case of an emergency, does the full night shift constitute ‘working’ […]

3D printing – planning law, policy and procedures

It was recently reported that a family in Nantes, France has become the first in the world to move into a 3D­ printed house. The four­-bedroom property is a prototype for bigger projects aiming to make housebuilding quicker and cheaper. In our Planning 2020 white paper, we approached 100 senior decision makers working in the […]

Clarity on Russian cryptocurrency and crowdfunding

By Meldir Erbulekova and Yulia Yarnykh From Russian rapper Basta launching his own cryptocurrency in December 2017 to top businesses exploring initial coin offerings (ICOs) and other alternative funding models, the Russian market is investing rapidly in blockchain technology and fintech…

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Kinstellar hosts Big Data in Practice seminar in Budapest

Kinstellar’s Budapest office hosted a breakfast seminar on 7 December for senior business, legal and technology professionals to discuss the various opportunities and benefits of using Big Data. Speakers included: István Tóth, mathematician and data safety expert, who delved a little deeper into what Big Data means; Zsombor Orbán, Kinstellar’s Data Privacy specialist, who spoke […]

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