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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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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Nous sommes un cabinet d’affaires spécialisé en fusions et acquisitions, en opérations immobilières et en droit des investissement étrangers en Europe centrale et orientale.

We are a French firm and we have been active in Paris as well as in Central and Eastern Europe for more than 20 years.

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