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The formal requirements of using witnesses are modified from 2018

KCG Partners Law Firm Parliament

According to the current provisions of the Code on the Civil Procedure, a private document shall, until proven otherwise, have full probative force, verifying that the issuer has in fact made the statement that the document contains, or undertakes to consider himself bound by such statement, provided that the rules…

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New Directive on tax dispute resolution mechanisms

KCG Partners Law Firm EU

The EU Member States differently interpret or apply the provisions of bilateral tax agreements, treaties and the Union Arbitration Convention, which can create serious tax obstacles and excessive tax burden for businesses operating across borders, while causing economic distortions and inefficiencies. There are currently around 900 double taxation disputes in…

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VAT reform in the EU

KCG Partners Law Firm Tax EU

The European Commission has recently launched the plans on the biggest reform of the EU VAT rules in the last 25 years. The current VAT rules do not take into account the technological developments, the changes in business models or the globalisation of the economy, making them outdated and exposing…

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New Act on Non-Judicial Civil Proceedings

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The Hungarian Parliament adopted a new act on non-judicial civil proceedings on 12 October 2017. The purpose of this act is to determine the rules that apply to all non-judicial civil proceedings before the courts, provided that the law governing the proceeding in question does not regulate otherwise, and the…

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Conformity amendments on the Information Act

Kcg Partners Law Firm Cybersecurity

After four years of preparation, the General Data Protection Regulation (“GDPR”) was finally approved by the EU Parliament and will be applicable in all Member States two years after entering in force on 25 May 2018. The GDPR was designed to harmonize data protection laws across Europe and as a…

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New regulations on real estate registration seems inevitable

KCG Partners Law Firm House Construction

A new bill on the real estate registration is on the horizon of the Hungarian Parliament. According to the Hungarian Government, the reason of the new act is that the regulations on the real estate registration shall comply with the new Hungarian General Administrative Procedural Act and the current Act…

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