The State Audit Office of Hungary published its report on e-commerce on 8 May 2020. They analysed the e-commerce trends in the period between 2010 and 2018 and concluded that e-commerce market has expanded significantly in the previous decade both on national and EU levels.
In May 2020 the European Commission announced the long-term EU budget and a €1.85 trillion recovery plan, which will be used for instruments to build a modern, clean and healthy economy in accordance with – the Europe’s growth strategy – the European Green Deal.
The Hungarian Parliament is discussing a proposal on the amendment of the Act on Electronic Communications in order to implement the regulations of EU Directive 2018/1972. This latter Directive was adopted by the European Union in December 2018 to set up the European Electronic Communications Code. Member Sates shall implement…
Due to the practical difficulties created by the lockdown measures taken against the coronavirus pandemic, the European Council has agreed that the VAT e-commerce package should apply from July 1, 2021, rather than January 1, 2021.
Ally Law, a global legal network that includes nearly 3,000 lawyers worldwide, congratulates its member firms and lawyers ranked in the 2020 Chambers and Partners Europe Guide.
In order to execute the Hungarian Economy Protection Action Plan, some provisions of the Hungarian Bankruptcy Act and the Company Registry Act must be applied differently based on a government decree adopted in the end of May 2020 (Government Decree).
The Hungarian Parliament accepted a bill on 16 June 2020, which would enable the creation of special industrial zones. “The designated special industrial zones will be contributing to the restarting of the economy, creation of new jobs, and also the preservation of the existing jobs” stands in the press release.
The Hungarian Government promulgated a decree (229/2020) entered into force on 1 June 2020, amending the decrees on certain procedural measures in force during an emergency (74/2020.) and on certain penitentiary rules in connection with the declaration of a state of emergency (90/2020.).
The Hungarian Government issued a new decree on 25 May 2020 (“Decree”), in which restrictions on certain transactions involving foreign investors are introduced.
Ally Law, a premier global legal network with 3,000 lawyers worldwide, congratulates ten member firms ranked in the 2020 Legal 500 Guides for EMEA, Deutschland and the United Kingdom.