CERHA HEMPEL — News

Since April 2020, Filip Ballok, LL.M. has strengthened the real estate transactions team headed by partner Mag. Mark Krenn.

Under the main rule, the majority of Hungarian companies will have to approve and publish their 2019 annual report before the end of May, but in the light of the restrictions introduced.

Sergei Makarchuk, CERHA HEMPEL Partner in Belarus, has been appointed as the “Designated Legal Counsel of the Austrian Embassy in Belarus” by the Federal Ministry for Europe and International Affairs of the Republic of Austria.

CERHA HEMPEL has advised Philip Morris Austria GmbH ("PMAT") in connection with the market launch of its first "novel tobacco product" in Austria.

CERHA HEMPEL Rechtsanwälte GmbH advised OMV in connection with the purchase of an additional 39% stake in Borealis AG from Mubadala for a purchase price of USD 4.68 billion.

In the context of the crisis generated by COVID19 outbreak, the Romanian authorities have taken further measures, several enactments and amendments to existing laws being adopted in this respect.

After a number of political and public discussions, the financial support package for businesses affected by the COVID-19 crisis was introduced recently by the Council of Ministers by a Decree which was published in today’s issue of the State Gazette.

This alert outlines the main eligibility criteria for receiving financial support under the Decree and the Emergency Measures Act.

The latest development in the world of competition law is that with a view to the expected economic slowdown, the European Commission has eased the rules governing state aid, which is an unprecedented step in the history of the EU.

The Consumer Protection Cooperation (CPC), a network of national authorities that includes the Hungarian Competition Authority, has recently published its strategy in response to the online scams and unfair market practices that have proliferated in the wake of the coronavirus epidemic.

As of 1 April 2020, Márton Kocsis rejoins CERHA HEMPEL Dezső & Partners, as Head of Competition and Compliance.