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NEWSROOM
In our newsroom, you can find a selection of recent major news and updates related to Hungarian legal developments.
New provisions on immediate transfer from 1 April 2024
As of 1 April 2024, the decree of the Hungarian National Bank on the processing of payment transactions has been amended, which particularly affects the process of immediate transfers. The beneficiary may, based on an agreement with the payment service provider, initiate an immediate transfer to the payer in the form of a ‘payment request’ submitted for forwarding to the payment service provider. The amount of the immediate transfer order does not exceed HUF 20 million and does not incur a financial transaction duty liability.
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Saul vs. Harvey – From screen to AI lawyers
In the ever-evolving landscape of legal technology, two notable players, SauLM-7B, and Harvey AI, have emerged with the aim of revolutionizing legal assistance through artificial intelligence. SauLM-7B and Harvey AI compete for prominence in the legal tech arena, their names both carrying a subtle nod to the realm of popular TV series – from Saul Goodman's legal antics in Breaking Bad and Better Call Saul to Harvey Specter's suave maneuvers in Suits.
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Dr. László Madák has joined KCG Partners Law Firm
We are pleased to announce that Dr. László Madák has joined KCG Partners Law Firm as a Partner Attorney at Law. László has gained significant experience in the fields of legal support of M&A transactions, financing transactions and litigation, and he will use and develop this experience in the KCG Partners team in the future.
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In our law library, you can tap into our latest thinking by accessing our legal articles and business insights.
Hungary Takes a Look at AI
A Buzz Interview with Rita Parkanyi (CEE Legal Matters; 2024)
Top Legal Executives in Hungary 2023
Interview with Levente Csengery (Budapest Business Journal - special edition; 2023)
Businesses to Contribute to the Tourism Budget
Eszter Kamocsay-Berta, Lilla Majoros (BBJ - Budapest Business Journal; 2023)
