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

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

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

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

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

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

The exceptional government measures adopted in March 2020 as part of the fight against the spread of Covid-19 have had a strong impact on the activity of French companies in many sectors. These measures have raised legal issues concerning in particular the rules applicable to situations of non-performance of contractual services. Today, we would like

COVID-19 update regarding Bulgaria – 26 March 2020 The State of Emergency Measures Law is now in force On 23 March 2020 the Bulgarian Parliament approved after the law regulating the state of emergency measures concerning the COVID-19 health crisis. The deliberations of the bill were notable for at least one reason – the first

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