NEWSROOM

EU-Inc pushes for unified ESOP to boost startup talent retention across Europe

In June 2025, the grassroots initiative EU-Inc introduced a proposal calling for the creation of a unified Employee Stock Option Plan (EU-ESOP) as part of its broader effort to establish a pan-European startup framework.

New FDI rules in Hungary

On 1 June 2025, the Hungarian Parliament adopted a new Act whose provisions affecting FDI rules will enter into force on 19 August 2025.

Cash Payments Became a Constitutional Right in Hungary: What Businesses Need to Know from July 1

Following the March 2025 amendment to Hungary’s Fundamental Law, which elevated the use of cash as a constitutionally protected right, significant legislative changes entered into force on 1 July 2025.

Important changes in civil litigation – Part II – Penalties and public access

This article is part of a series presenting selected amendments introduced by Act XLIX of 2025 on the amendment of laws concerning the judiciary (hereinafter the "Act"), which significantly affect civil litigation in several respects.

Hungarian Parliament closes transaction tax loophole used by Revolut and other neobanks (Bori)

The Hungarian Parliament adopted a tax package in June amending the Financial Transaction Tax Act to close existing loopholes and ensure that all market participants are subject to the tax. The new provision targets internal balance adjustments within payment service providers’ systems, i.e. transactions that previously escaped taxation.

The European Commission proposes EU Space Act

On 25 June 2025, the European Commission proposed the EU Space Act to make Europe’s space sector cleaner, safer and more competitive in Europe and its export markets.

Employment relationship clarification procedure in Hungary

Starting 1 July 2025, Hungary will implement a new procedure aimed at clarifying employment relationships and addressing cases where employers fraudulently evade taxes and social security contributions. The initiative is designed to protect employees while also reducing the administrative burden on employers.

EU Adopts New Cybersecurity Blueprint to Bolster Crisis Response

On 6 June 2025, the Council of the European Union adopted the updated Cyber Blueprint, which serves as a key guideline for the Member States for managing large-scale cybersecurity incidents and crises across the Union.

New insurance rules: Hungarian Chamber of Commerce and Industry starts enforcing contractor liability coverage

Based on the provisions of Act C of 2023 on Hungarian Architecture (Hungarian Architecture Act), which entered into force on 1 October 2024, the liability insurance rules for contractors have changed.

Hungarian court declared a foreign currency loan invalid

In June 2025, a foreign currency (Swiss franc) loan agreement was annulled by the Pest Central District Court, since the creditor bank had failed to properly inform the debtor (who had been a consumer) about the exchange rate risk arising from the agreement.