Coronavirus: companies can receive state aid in these five categories according to the European Commission’s resolution

author: dr. Katinka TÖLGYES With respect to the economic damage caused by the coronavirus pandemic, the European Commission has mitigated its position related to state aid and has temporarily amended the framework in the light of the crisis. The competition law expert of Kapolyi Law Firm summarized the most important information in this regard and […]

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Force majeure and MAC/MAE clauses during the period of Covid-19 in Hungary

author: dr. Balázs József FERENCZY What force majeure means? Force majeure (in the Hungarian legal language: “vis maior”) is a legal institution dating back to Roman law, and “means a force or event that human weakness cannot resist.”[1] The legal literature includes both overwhelming natural forces, such as earthquakes, floods, shipwrecks, other natural disasters, and certain […]

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Financial Arbitration – Expanding Possibilities

A new provision of the Hungarian Arbitration Act entered into force on 1 January 2021, which may attract the attention of investors. The stipulation of arbitration proceedings in consumer contracts was generally prohibited until the end of the last year. However, this prohibition, which is intended to ensure the better protection of consumer interests, is […]

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Kenneth A. Reich comments on The New York Times opinion piece: No, Wind Farms Aren’t the Main Cause of the Texas Blackouts

See this balanced article on the need for better planning by the energy industry to avoid the kinds of blackouts now happening in Texas and earlier in California from extreme weather, a predicted effect of Climate Change . It is a blatant lie that the Texas crisis was caused by frozen blades on wind turbines […]

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Group financing: despite legislative changes conservative approach is recommended

Frequent question on management meetings is whether lending in group financing structures would be possible for parent companies or real estate funds for purposes of development or acquiring assets, following the amendment of the definition on group financing set forth in Act CCXXXVII of 2013 on Credit Institutions and Financial Undertakings (Hpt.) effective as of […]

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The impact of Brexit on EU trademarks

Brexit will bring a number of changes to certain international legal relationships that we can’t anticipate yet; therefore a number of legal issues will arise related to the period beginning on January 1, 2021. Until then, however, there is a transitional period during which we should, as much as possible, prepare for the post-Brexit period. […]

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Kenneth Reich Law, LLC joins IR as the exclusive Environmental Law & Energy Law Member in US – Massachusetts

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Kenneth A. Reich of Kenneth Reich Law, LLC. Kenneth has joined IR as our exclusive Environmental Law & Energy Law member in US – Massachusetts. Kenneth Reich Law, LLC is a boutique law firm that serves a broad range of national, […]

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Taylor P. Mouledoux of Looper Goodwine P.C. joins IR as the exclusive Energy Law Member in US – Texas

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Taylor P. Mouledoux of Looper Goodwine P.C. Taylor has joined IR as our exclusive Energy Law Member in US – Texas. Looper Goodwine P.C. handles sophisticated oil and gas industry transactions and litigation, a law firm with deep ties in the Houston […]

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