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New provisions on the Hungarian State Treasury

In November 2017 a new government decree entered into force on the status, organisation and tasks of the Hungarian State Treasury (Treasury). As of 31 October 2017 in the new governmental organisational structure the National Pension Insurance Agency terminated with succession by merging to the Treasury.

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The main areas of the latest EUTMR reform

Following the previous modification of the Community Trade Mark Regulation (“EUTMR”, Regulation (EU) 2015/2424), further changes entered into force on 1 October 2017. The main cornerstones of the reforms are the abolishing of the graphical representation requirement and introducing the EU certification marks.

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New act on trade secrets and know-how

The Directive 2016/943 on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure (“Directive”) was adopted by the European Parliament and the Council on 8 June 2016 and entered into force on 5 July 2016.

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Change in the customs legislation

Currently the provisions of the Act on the General Rules of Administrative Proceedings and Services are applicable as underlying rules in most of the procedural matters in respect of administrative customs. However, since this act is abrogated as of 1 January 2018, necessary procedural provisions must be implemented in the…

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New regulations on the transfer pricing documentation

A new decree was issued by the Ministry for National Economy in October 2017, introducing a three-level, standardized approach relating to the transfer pricing documentation (including the master file, the local file, and the country specific report) from 2018.

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