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Update – Restrictions on the Entry into Hungary – New Rules on Business Trips

In order to limit the spread of COVID-19, the Hungarian government has introduced restrictions on the entry into Hungary as of 1 September 2020. We published our summary of the main applicable rules earlier. On 5 September 2020, new rules entered into force regarding – among others – the acceptance of SARS-CoV-2 PCR tests taken …

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CEE Legal Newsletter

We are pleased to present you this summer issue of our Central and Eastern European newsletter. It focuses on Hungary, Slovakia, the Czech Republic, Serbia and Bulgaria. In our autumn issue, other countries from the region will be highlighted, including Romania and Croatia. CEE-legal-NL-August-2020-1

COVID-19 – CRISIS MANAGEMENT POLICIES IN CENTRAL EUROPE- BULGARIA- No. 4

The state of emergency in Bulgaria ended on 13 May 2020, replaced as of 14 May by another form of extraordinary legal framework allowing the government to maintain the existing and/or impose new restrictions related to the COVID-19 epidemic – the emergency epidemic situation. For the time being, the propagation of the virus remains relatively …

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D’ORNANO PARTNERS advised Ruget Group on a complex transaction in Hungary

D’Ornano Partners advised the Hungarian subsidiary of Ruget Group, based in Nagykanizsa, on a complex transaction involving the asset transfer and the sale of real estates to the Hungarian Group FERZOL. The Ruget Group, a specialist in sheet metal, mechanical welding and coating, has 85 years of presence in France and 17 years of presence …

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Some reflections on force majeure and unpredictability: common law tools to deal with Covid-19?

1- On force majeure Since the beginning of the COVID-19 epidemic, many economic actors have been thinking of invoking force majeure as an excuse for non-performance of their contractual obligations. However, force majeure is based on two cumulative criteria that are particularly difficult to apply, so that they have never, to date, been used during …

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COVID-19- HUNGARY- Annual Financial Statements: Deadlines Postponed until 30 September 2020

Extraordinary Rules as to Corporate Decision Making Pursuant to a government decree published on 21 April 2020, the deadlines of preparation, publication, depositing and submission of annual financial statements which fall between 22 April and 30 September 2020 are extended until 30 September 2020. This does not apply to public-interest entities, i.e. to entities whose …

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