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  • Company set up in Hungary

    Company set up in Hungary

    Published: 12 Feb 2018

    In order to establish a Hungarian company, it needs to be registered with the Hungarian Court of Registration. The registration process requires the involvement of a lawyer who countersigns the corporate documents and files the electronic application for registration. The signing of corporate documentation does not require a travel to Hungary, they can be signed abroad, however, the opening of the...

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  • Company forms in Hungary

    Company forms in Hungary

    Published: 12 Feb 2018

    In Hungary, the types of business associations and other entities used for business operations are regulated in statutes and one may only choose from the regulated entities when considering investment in Hungary. The following company forms are the most common in the business sector: ·        general partnership (“Közkereseti Társaság”, “K...

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  • The Role of Legislations and the Courts in protecting Foreign Investments in Nigeria

    The Role of Legislations and the Courts in protecting Foreign Investments in Nigeria

    Published: 12 Feb 2018

    Under Section 6 (6) of the 1999 Nigerian Constitution, Nigerian legislations and powers of the courts extend to all matters between persons or between government and any person in Nigeria, and to all actions and proceedings for the determination of any question as to the civil rights and obligations of that person. This means a foreigner or foreign business may invoke the provisions of Nigerian le...

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  • Amendments to Negotiable Instruments Act

    Amendments to Negotiable Instruments Act

    Published: 11 Feb 2018

    Payment via cheque by issuer to the payee is a long-standing mode of effecting payment through banks. Payment via account payee cheques does strengthen the cashless campaign in India program. However, this is just one side of a coin.   On the other hand, a cheque issued by issuer (with no / insufficient balance in such person’s bank account) to payee with intent of committing default...

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  • Empowering the consumer

    Empowering the consumer

    Published: 10 Feb 2018

    The Union Cabinet has approved new Consumer Protection Bill, 2017 (Bill) to amend the existing Consumer Protection Act, 1986. The Bill will substitute the initial Consumer Protection Bill introduced in August, 2015. The underlying intent of passing the Bill is that to establish consumer protection authority for quick disposal of consumer cases, to impose strict punishment for misleading advertis...

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  • INTERPOL Red Notices: Abusing the System

    INTERPOL Red Notices: Abusing the System

    Published: 09 Feb 2018

    The International Criminal Police Organisation (INTERPOL) is responsible for requests seeking the location and arrest of alleged criminals worldwide through the issue of Red Notices. Red Notices are electronic alerts that are published by the INTERPOL General Secretariat and notify law enforcement officials globally that the location of a wanted person is sought. They are only issued at the...

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  • Non-compliance of CSR norms to invite penal action

    Non-compliance of CSR norms to invite penal action

    Published: 09 Feb 2018

    The government is getting serious about effective implementation of prescribed CSR norms by profit making corporates. To hand out a strong message to the corporate community that no corporate will be spared for breaking the laws, the Ministry of Corporate Affairs has gives its nod to initiate penal action against 187 companies for dwindling to meet the terms of Corporate Social Responsibility (C...

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  • Overhauling the Indian medical system

    Overhauling the Indian medical system

    Published: 08 Feb 2018

    The Indian medical system has been facing flak over a variety of reasons for last few years including policy paralysis, corruption and what not. Taking cognizance, the Union Cabinet has approved the National Medical Commission Bill, 2017 (Bill) – this legislation will replace the existing Medical Council Act, 1956 and is expected to bring about rare reforms in the Indian medical system. The most...

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