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KCG Partners Law Firm

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Budapest 1054

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Articles Published by KCG Partners Law Firm

 Guidelines on Disclosure of Non-Financial Information in Hungary

Under Directive 2014/95/EU, large companies with more than 500 employees are required to disclose certain non-financial and diversity information in their annual reports. The main objective of the Directive is to boost corporate transparency and performance by increasing trust among stakeholders, investors and consumers.

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 New Rights, Equality and Citizenship Work Programme and Financial Services User Group to Be Renewed in EU

The European Commission adopted the ’2017 Rights, Equality and Citizenship Work Programme’ on 1 March 2017.

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 Administration Law Changes in Hungary

The new Administrative Court Procedural Act has been published in the Official Hungarian Gazette on 1 March 2017 after resolving certain constitutional issues. After the bill was adopted by the Hungarian Parliament in December 2016, the Constitutional Court of Hungary declared several provisions of the Administrative Court Procedural Act unconstitutional concerning the establishment of a new Administrative Court.

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 New Tax Transparency Rules for Cross-Border Tax Rulings and Advance Price Arrangements in EU

New transparency rules entered into force on 1 January 2017. EU Member States are obliged to automatically exchange information through a central depository on all new cross-border tax rulings and advance price arrangements that they issue, accessible to all other Member States.

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 Posting of Workers Directive – Current Situation and Challenges in the EU

Under the “1996 Posting of Workers Directive” (Directive 96/71/EC; “PWD”), “posted worker” means a worker who, for a limited period of time, carries out his work in the territory of a Member State other than the State in which he normally works.

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 Important Factors of Greenfield Investments in Hungary

In a classical sense, a “greenfield investment” is the construction of a new industrial unit in a territory previously used as agricultural area.

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 Hungary - The Employee Stock Ownership Plan (ESOP) Is Alive Again

An Innovative and Cost-Efficient Tool for the Motivation of Employees.

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