According to the Hungarian Civil Code, the debtor is liable to pay interest on any owed money that has fallen due from the first day of the delay in payment, even if the use of the money was free of charge until the delay.
Omnibus Bill Amending Tobacco Legislation Was Published
Law on the Amendment of the Law on the Regulation of Tobacco, Tobacco Products and Alcohol Market and Certain Laws No. 7423 (the “Omnibus Bill”), which was submitted to the Grand National Assembly of Turkey on October 18, 2022 was legalized and published in the Official Gazette dated December 10, 2022 and numbered 32039. Some of the amendments in the Omnibus Bill entered into force on the date of its publication; while other amendments will enter into force on January 1, 2024.
2023 Tax Changes Updated by Fall Tax Package
The 2022 Fall Tax Package has been officially accepted by the Hungarian Parliament with the changes for 2023. The tax package does not bring fundamental changes, but includes finetuning with many different taxes, e.g. SMEs, real estate transactions and local business taxation.
Lack of Trust and Exceeded Expectations in North Macedonia: A Buzz Interview with Kristijan Polenak of Polenak
Lack of public trust in the legal system together with factors beyond the country's control are adding to the complexity of the challenges in North Macedonia, yet things are going better than expected, according to Polenak Law Firm Managing Partner Kristijan Polenak.
The New Year's Surprise in Romania: A Buzz Interview with Radu Diaconu of Bancila Diaconu si Asociatii
It is a busy time of the year in Romania, according to Bancila, Diaconu si Asociatii Managing Partner Radu Diaconu, with interesting reports of regulatory updates on the ESG, tax, and companies front.
Novelties Regarding the Commercial Law
Law No. 265/2022 on the trade register and for amending and supplementing other normative acts with impact on the registration in the trade register (“Law No. 265/2022”) was published in the Official Journal of Romania No. 750, Part I, of 26 July 2022. Law No. 265/2022 entered into force on 26 November 2022.
Slovenia Is Laser-Focused on Energy: A Buzz Interview with Robert Prelesnik of Rojs Peljhan Prelesnik & Partners
In Slovenia, everything revolves around energy, according to Rojs Peljhan Prelesnik & Partners Managing Partner Robert Prelesnik, with the government capping energy prices for large companies, beefing up subsidies, and considering capital injections for major energy players.