The Hungarian register of ultimate beneficial owners contains the data of the data providers falling under the scope of the act ruling the register of ultimate beneficial owners, for instance limited liability companies, public limited companies, associations, foundations or notary offices.

From 14 February 2022 European patents registered in Hungary became available in the EFPR system. According to the statement of the Hungarian Intellectual Property Office (“HIPO”), by joining to the EFPR system, 34,000 patents registered in Hungary became available and searchable on the site of the EFPR. It is important to have a common platform for the patent registry, as customers do not need to look up national sites and search for similar patents before requesting registration. The system itself is capable of informing the user about countries in which the European patent in question is not protected anymore.

The Hungarian economy is performing well, despite all the turmoil Europe finds itself in currently, according to Kinstellar Budapest Managing Partner Kristof Ferenczi.

On 13 March 2022 the Hungarian Parliament approved an amendment to the Corporate Income Tax Act that modified the regulation of investment tax incentives. Based on the amendment, the only requirement to claim the investment tax credit is that the investment should be an initial investment implemented by a small and medium-sized enterprise, or is realized by a large company in the Northern Hungary, Northern Great Plain, South Great Plain, South Transdanubia, Central Transdanubia or Western Transdanubia regions. Mainly the Pest County region will benefit from the amendment, as the tax credit can be claimed after the investment projects realized in the whole region.

In accordance with its latest announcement, Hungarian Government decided to temporarily decrease the excise duty imposed on fuel products as of 10 March 2022. Other governments in the region also introduced similar measures to control fuel prices and thus inflation; compliance with the EU rules, however, might be of secondary importance.

On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Vladimir Rangeloff of Kambourov & Partners to learn what they are looking forward to the most.

Contributed by Szabo Kelemen & Partners Andersen Attorneys.

On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Silvije Cipcic-Bragadin of Cipcic-Bragadin Mesic and Associates to learn what they are looking forward to the most.

On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Gabor Bebok of Pontes Budapest to learn what they are looking forward to the most.

This review was prepared for Ukrainian refugees by the law firm Lakatos, Köves and Partners Law Firm upon request and in coordination with the international legal network Multilaw and Ukrainian law firm Arzinger. The review is as of March 11, 2022. The review is not a legal advice and is for informational purposes only. For updates, please follow www.multilaw.com and/or www.arzinger.ua

On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Oana Ijdelea of Ijdelea & Associates to learn what they are looking forward to the most.

The Hungarian Competition Authority ordered online shop Alza to compensate consumers for a total amount 11 times as much as the fine to be paid to the HCA.

The Hungarian Competition Authority ("HCA") has published a summary report of its 2021 activities. The HCA opened 51 competition proceedings against 124 undertakings, almost 25% more than in the previous year, and 42 cases were closed in 2021.

The European Commission has revised the regulations of the net short position reporting and published rules to permanently lower the initial net short position reporting threshold from 0.2% to 0.1% under the EU Short Selling Regulation (SSR). The new threshold took effect on 31 January 2022.

Hungarian lawyer Szilvia Daxauer has joined Mndipharma in Vienna as Head Of Legal / Central Eastern Europe & Russia Region.

On December 7, 2021, CEE Legal Matters reported that Lakatos, Koves and Partners had successfully represented Facebook Ireland in a dispute with the Hungarian Competition Authority before the Kuria – the Hungarian supreme court. CEELM spoke with LKT Partner and Co-Head of Competition Eszter Ritter, who led the team, to learn more about the case.

Jalsovszky Law Firm’s Managing Partner Pal Jalsovszky interviews Prologis Legal Counsel CEE Ildiko Kollar.

Practicing IP has always been a tricky matter, given the complexity and the diversity of this area of law. We reached out to experts from several IP-focused law firms – Hungary’s SBGK, Serbia’s Petosevic Group, and Greece’s Drakopoulos – to learn more about their origins, specializations, structures, and operations.