On the Amendment of the Drug Economy Law as of July 1, 2012 and August 1, 2012

Act LXXIX of 2012 on the Amendment of Certain Health Related Laws (hereinafter: “Health Related Amending Act”), published in issue No. 78/2012 of the Hungarian Official Gazette on June 27, 2012, amends inter alia the provisions of the Act XCV of 2005 on Medicinal Products for Human Use and on the Amendment of Other...
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KNP newsletter on the entry into force of the new Labor Code

Publicated in No. 2/2012 of the Hungarian Official Gazette on January 6, 2012, Act I of 2012 on the Labor Code (hereinafter: “New Labor Code”) is entering into force on July 1, 2012 as a general rule. The rules pertaining to the entering into force and the transition are governed by Act LXXXVI of 2012 on the transitional...
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Significant Amendments Affecting Reorganization and Liquidation Proceedings

As of March 1, 2012, Act XLIX of 1991 on the Reorganization and Liquidation Proceedings (the “Reorganization Act”), has been amended significantly. We summarize some of the most important changes as follows*: 1.Basic changes affecting both reorganization and liquidation...
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Mandatory registration with the chamber of commerce

MANDATORY REGISTRATION WITH THE CHAMBER OF COMMERCE ON OR BEFORE MARCH 1, 2012 OF BUSINESS ORGANIZATIONS WITH REGISTERED SEATS IN HUNGARY As of January 1, 2012, Act CXXI of 1999 on the chambers of commerce has been amended. According to the amendment, business organizations required to register with the Court of Registration...
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