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Szecskay Attorneys at Law  

Legal Services | Hungary

tel: +36 1 472 3000 | fax: +36 1 472 3001
Kossuth Lajos Sqr. 16-17. III | Budapest | H-1055 | Hungary

View Szecskay Attorneys at Law's Task Force Hub Sort By Last Name  |  
Hedi Bozsonyik

Hedi BozsonyikPartner

  • Employment and Labor
  • Insolvency

Attila Jasdi

Attila JasdiPartner

  • Corporate and Business
  • Project Financing

Zoltan Kovacs

Zoltan KovacsPartner

  • Corporate and Business
  • Employment and Labor

Sandor Nemeth

Sandor NemethPartner

  • Capital Markets
  • Corporate and Business

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New Job-Creating Wage Subsidy Helps Companies Rebuild in the Midst of the Pandemic-Caused Economic Crisis
Szecskay Attorneys at Law, June 2020

In its notice published on May 18, 2020, the National Employment Service (Nemzeti Foglalkoztatási Szolgálat) laid down the fundamental criteria that must be met by an applicant to be eligible for the new EU-supported wage subsidy intended to help create new jobs in Hungary in the wake of the COVID-19 pandemic. There is an enormous difference between the Kurzarbeitwage subsidy and this job-creating wage subsidy...

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The Hungarian Trust: A Transparent Solution for the Legal Protection of Assets and Succession Planning in Family Businesses
Szecskay Attorneys at Law, June 2020

The most general reason for setting up a trust is to ensure the effective and professional legal protection of assets. Contrary to a private foundation, there is no legal requirement to set forth a specific objective for the trust. However, the most common objectives of a trust include, among others, i) safeguarding the integrity of the assets, ii) protecting the assets against potential creditors, iii) succession planning, deviating from inheritance rules, iv) providing professional asset management, iv) providing secrecy and confidentiality, and v) tax planning...

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Quick Guide on How the Restart Office Work in Light of the Threat of the Coronavirus
Szecskay Attorneys at Law, May 2020

This is a brief summary of the most important issues employers should consider before deciding on the restart of the office work, taking the current pandemic into account. When deciding on getting back to office work, a gradual and proportionate approach is highly recommended, and employers should be prepared for a possible second wave of the pandemic as much as possible.  Organization of work 1. The first 2-4 weeks of the restart should be a period when working in the office is an option for the employees, i.e. it will not be mandatory and home office will be allowed for those who still wish to work from home...

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Summary of Employment Related Measures by the Hungarian Government during the Pandemic
Szecskay Attorneys at Law, April 2020

In Hungary, the Government hasintroduced multiple measures – besides the ongoing curfew restrictions – aimed at helping companies navigate through these hard times. Hédi Bozsonyik, Head of our Employment Law practice, has summarized the most important facts.   1...

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Summary of the Introduction of the 24-Month Working Time Frame for Employers & Summary of Governmental R+D Employee Subsidy In Connection with COVID-19 In Hungary
Szecskay Attorneys at Law, April 2020

On the 10thof April, 2020, the Government of Hungary as part of its long-awaited Economic Protection Action Plan (the “Plan”) introduced by Government Decree 104/2020 the possibility for employers to introduce a 24-month working time frame. According to Government Decree 104/2020, during the state of emergency the Labor Code shall apply with the exception that the employer may order a working time frame for a maximum of twenty-four months. The regulation also overrides the provisions of collective agreements. The employer may extend to 24 months the working time frame imposed before the entry into force of the Decree...

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