EU proceeding was initated in the case of the “pretended” land contracts

The European Commission launched infringement proceedings on Thursday, due to the Hungarian act terminating the usufruct right of foreign investors on the Hungarian agricultural lands. The act came into force on 1 May 2014 .

The European Commission sent a letter of formal notice to the Hungarian government on Thursday, and started infringement proceedings regarding the termination of the usufruct (and pocket) contracts created before 2002. (by our colleague)