Real Estate & Construction

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Recent Articles

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    08/04/2024
    Hungary

    Hungary proposes ex-ante competition tool to regulate essential companies

    On 2 April 2024, the Hungarian Ministry of Justice submitted an omnibus act to the Hungarian parliament proposing the amendment of several Hungarian laws, including the Competition Act. This Proposal’s most noteworthy element is – based on the German example – expanding the Hungarian Competition Authority’s (HCA) toolbox by introducing a new ex-ante regime enabling the HCA to impose obligations on certain companies without first having to demonstrate a violation of the law.This following article summarises the Proposal’s new rules, potential consequences and next steps.PROPOSED...
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    08/04/2024
    Ukraine

    Ukraine discontinues War and Sanctions Portal

    Following a governmental discussion on 19 March 2024, the Ukrainian government announced its decision to shut down a sanctions-related database maintained by the National Agency on Corruption Prevention (NACP).This database, the “War & Sanction Portal”, was created in the first days of Russia's full-scale invasion of Ukraine as part of the implementation of the sanctions plan against Russia (i.e. the Individual Sanctions Roadmap) of the Yermak-McFaul Sanctions Group.Starting with the "International Sponsors of War" section, the Portal was expanded to include additional segments...
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    03/04/2024
    Ukraine

    Register of Damage for Ukraine is open for claims submission

    On 2 April 2024, the Register of Damage for Ukraine opened the claims submission process for compensation for damage, loss or injury caused by Russian aggression against Ukraine. The launch took place as part of the Ministerial Conference "Restoring Justice for Ukraine" co-hosted by the Netherlands, Ukraine and the European Commission at the World Forum in The Hague.As a reminder, the official website of the Register of Damage for Ukraine was launched on 4 March 2024. The website contains the following:documents governing the work of the Register;answers to frequently asked questions on the Register’s...
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  •  
    22/03/2024
    Hungary

    Hungary establishes categorisation of investment funds and introduces new investment rules

    According to the decree, there will now be four main types of funds based on their primary asset categories: securities funds, real estate funds, venture capital funds and mixed funds. In addition, there will be a total of fourteen categories of investment funds within the four types. These categories are already known in the market and some of the categories are regulated in the existing decree.The new decree provides for separate asset composition and asset ratio rules for each investment fund category. For instance, bond funds must invest at least 55% of their assets in credit instruments, equity...
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  •  
    19/03/2024
    Hungary

    Hungary adopts new regulations on occupational Safety and Health fines and administration

    The Hungarian parliament recently adopted amendments to certain government regulations on occupational matters, and new government regulations on the detailed rules for the amount and imposition of occupational safety and health (OSH) fines, which entered into force on 1 March 2024. The amendments to the government regulations were necessary to ensure consistency between the legislation.The following article summarises these changes.1. Government Decree No 24/2024 (II.14.) amending certain Government Decrees on employmentAmendment to Government Decree No. 320/2014 (XII.13.) on the designation of...
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  •  
    12/03/2024
    Ukraine

    Ukraine launches official website of the Register of Damage

    On 4 March 2024, the official website of the Register of Damage for Ukraine was launched. The website sheds light on the forthcoming modes of operation of the Register of Damage and outlines the general requirements for claims to be accepted.The Register of Damage will record claims filed by individuals, entities, and the Ukrainian state for compensation for damage, loss, and injury resulting from aggression by the Russian Federation. The Register will also receive and keep the supporting evidence of these claims.The Register of Damage will only accept claims filed digitally through the Ukrainian...
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