Tag "Baker McKenzie"

Baker McKenzie: New year, new burden: the global minimum tax is here

In January of this year, the EU directive regulating the global minimum tax entered into force, the aim of which is to bring the effective tax burden of all corporate...

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It is a competitive advantage if the company ensures flexible working

Due to the increase in employee demands and the accompanying legislative trend, companies must prepare for the spread of various forms of flexible employment, warns the Baker McKenzie law firm....

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The code of advertising ethics is being tightened at several points

The self-regulatory document of the advertising industry, which will enter into force at the end of the month, imposes new, sometimes even stricter requirements on advertisements than the current EU...

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Companies have important work to do in relation to the creation of a whistleblowing system

Medium and large companies will soon have to establish their internal abuse reporting system. In case of improper operation of this, they will have to face serious data protection, labor...

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Transfer pricing is the most problematic tax issue for multinationals here as well

Tax authorities around the world are trying to increase state revenues, and in this they also use data analysis and artificial intelligence. One of the most controversial areas in the...

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Baker McKenzie’s talent program for law students has won a prestigious award

The law firm’s New Lawyer Challenge competition for law students won the Best Talent Program award of the Joint Venture Association. The New Lawyer Challenge competition was created by Baker...

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Assessing the true value of companies’ green efforts is difficult

It is becoming more and more important for market players to achieve net zero emissions by 2050, as set out in the Paris Climate Agreement. Accordingly, companies communicate more and...

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The rights of employees have been strengthened since January

Through the amendment of the Labor Code that entered into force on January 1, employees can assert their rights more effectively. In several cases, the employer must prove that he...

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Baker McKenzie: Companies striving for sustainable operation represent an increasingly advantageous investment opportunity

EU legislation can give investors an additional incentive to more often give preference to companies and businesses that operate transparently and according to sustainable principles. In order to preserve the...

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Corporate reimbursement is also affected by the new overhead rules

Due to the rules on utility reduction, which will be amended on August 1st, the tax-free utility allowance given to the employee may also come to the fore. Employment in...

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Baker McKenzie: It is easier to give jobs to Ukrainian refugees

The employment of war refugees from Ukraine is in some cases easier in Hungary, and companies can also receive support after the workers, says Baker McKenzie, an international law firm...

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Companies operating in the digital space need to pay attention to many

By bringing services into the digital space, companies in this field need to look after more and more competition and consumer protection regulations, points out baker mckenzie, an international law...

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Companies violating access rights could face fines of up to $20 million

Under the GDPR, individuals can ask companies for information about the processing of their personal data. In Hungary, companies should also take particular care to ensure that the right of...

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China’s investment mood slows in Europe

The buying mood of Chinese companies is at a multi-year low not only globally, but also in Europe. At the same time, investment incentives remain strong, which could help Chinese...

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Because of Brexit, companies need to review how they transfer personal data to the UK

The transitional period for the United Kingdom’s exit from the European Union ended on 31 December. This will also have a significant impact on data protection from 1 January, with...

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Companies may be suspected of antitrust infringements even if they do not communicate with each other

Companies may be suspected of antitrust infringements even if they do not communicate with each other – was said at an online event organized by the Hungarian-French Chamber of Commerce...

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Changes in competition law will strengthen the procedural rights of the GVH

In the future, co-operation between the competition authorities of the EU member states will be strengthened, and their procedural powers will also be expanded and unified, Baker McKenzie said at...

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As the emergency ceases, labor law rules also change

The National Assembly passed the Emergency Response Act, which entered into force on 18 June 2020. The special labor law rules previously introduced will be abolished, but some of them...

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The obligation to report the acquisition of foreign ownership prolongs investment transactions

A decree at the end of May makes the acquisition of foreign shareholdings in so-called strategic companies subject to a ministerial licensing obligation. The government’s goal is to ensure that...

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Insolvency in times of emergency – you may want to opt for bankruptcy instead

Due to the epidemic situation, many companies are unable to meet their payment obligations. It is worthwhile for business partners to strive to reach an agreement on the settlement of...

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The bargaining position of food suppliers is strengthening

After a special retail tax of up to 2.5 percent of annual sales, traders have been given another hurdle: a new measure significantly restricts their freedom to negotiate a purchase...

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What a company can do in the case of a breach of contract due to the coronavirus

The effect of the coronavirus on Hungarian trade is already significant. One of the most important issues for businesses is whether the coronavirus can be an adequate basis for failure...

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