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 …

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

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 We wish you good reading and happy …

CEE Legal Newsletter Lire la suite

Because of the health crisis, the Groupe Action Logement has just set up a system to help certain tenants pay the rent for their accommodation. In consultation with the Minister for Urban Affairs and Housing, the Board of Directors of Action Logement Groupe, the body that manages the participation of employers in the construction effort …

Covid-19: a possible help for tenants of dwellings Lire la suite

Client alert from our Budapest office: Recurrent cases of financial fraud involving individuals or companies. French companies:Client alert- Recrudescence of cases of financial fraud in which the victims are French individuals or legal entities. Client alert- Spate of cases of financial fraud in which the victims are French individuals or legal entities.

On 25 May a decree was issued by the Hungarian government detailing a new procedure for approving foreign investment. On 18 June 2020, a law on provisional rules in cnnection with the termination of the state of emergency and on the epidemic preparedness entered into force. The Act covers various subjects and takes over the …

Hungary- New Approval Procedure of Foreign Investments Lire la suite

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 …

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

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 …

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

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 …

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

State of emergency until 13 May 2020 The state of emergency declared by the Bulgarian Parliament on 13 March, ends on 13 May 2020. Afterwards, restrictive measures intended to mitigate the risk of COVID-19, if needed, will be imposed via an amendment of the Health Act, allowing the Minister of Health to issue specific quarantine …

COVID-19 – CRISIS MANAGEMENT POLICIES IN CENTRAL EUROPE- BULGARIA- No. 3 Lire la suite

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 …

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