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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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COVID 19 – CRISIS MANAGEMENT POLICIES IN CENTRAL EUROPE – HUNGARY – No. 5

Mild Confinement in Hungary Pursuant to Government Decree no. 71/2020 (III. 27.) (hereinafter: the “Decree”) published on 27 March 2020, certain restrictions will apply to people’s movement in Hungary from 28 March 2020 until 11 April 2020. As a general rule, except among the persons living in the same household, everyone has to limit their

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

Rules of Enforcement Changed for the Duration of the State of Emergency The Hungarian Government has adopted a second set of measures to mitigate the socio-economic impact of the COVID-19 epidemic in Hungary. In this article, we outline certain provisional rules concerning enforcement procedure which are applicable during the time of the state of emergency.

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COVID 19 – CRISIS MANAGEMENT POLICIES IN CENTRAL EUROPE- Supervision of Companies by the Hungarian State- No. 3

Hungary’s Government declared a state of emergency on 11 March 2020 and established the Operational Group assisting the Prime Minister in order to deal with the COVID-19 epidemic. On 14 March 2020, the Government created the Task Force Responsible for the Security of Vital Hungarian Companies (the “Task Force”) led by the Minister of Defence.

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COVID 19 – CRISIS MANAGEMENT POLICIES IN CENTRAL EUROPE- HUNGARY – No. 2

The first set of financial and economic measures taken to mitigate the socio-economic impact of the COVID-19 epidemic in Hungary was set out in the Government Decree No. 47/2020. (III.18.) (hereinafter: the “Government Decree”) published on 18 March 2020 in the Official Journal. Here are the various measures that we detail in our legal bulletin:COVID-19

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COVID 19 – CRISIS MANAGEMENT POLICIES IN CENTRAL EUROPE- BULGARIA

1. State of Emergency On 13 March 2020 the Bulgarian Parliament declared a state of emergency for one month empowering the government to impose swift measures in response to the COVID-19 crisis in the country bypassing certain standard coordination procedures. The measures are to be revised and expanded further upon discretion of the government. The

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