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New regulation on insolvency proceedings from June 2017

KCG Partners Tax Law

In May 2015 the European Parliament and the Council of the European Union had adopted the new regulation No. 2015/848 on insolvency proceedings, which entered into force on 26 June 2017. The regulation targets to facilitate debt recovery in cross-border insolvency proceedings, and to make it easier for businesses to…

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Ownership registration with „zero certificate”

KCG Partners_online registration

In 2016 the president of the Hungarian Curia set up a new jurisprudence analysing working group for the purpose of examination of the lower courts’ practice in condominium related cases. The analysis involved cases between the period of 1 January 2014 and 31 December 2015, and covered 25 different questions.

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Guidelines on disclosure of non-financial information

KCG Partners Law Firm EU Law EP

Under Directive 2014/95/EU, large companies with more than 500 employees are required to disclose certain non-financial and diversity information in their annual reports. The main objective of the Directive is to boost corporate transparency and performance by increasing trust among stakeholders, investors and consumers. The Directive entered into force on…

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