A significant step in the European company law is that from 7 June 2018, business registers in EU countries will be interconnected in the system called the Business Registers Interconnection System (“BRIS”).
In order to replace Hungarian Act 1994 of LXXI on Arbitration, a new act on arbitration has been enacted by the Parliament on 30 May 2017.
As of 1 July 2017, an amendment to the Bankruptcy and Liquidation Proceedings Act will enter into force, aiming at close the loopholes and consolidating the case law.
A new act on Prevention and Combating of Money Laundering and Terrorist Financing will enter into force, replacing the anti-money laundering act currently in force, on 26 June 2017.
The European Market Infrastructure Regulation (EMIR) was adopted after the financial crisis in 2012, for the purpose of better managing and controlling the financial risks relating to the over-the-counter (OTC) derivatives markets.