Corporate Governance – Myth or Necessity
1. THE POWER OF CORPORATIONS “Leadership is not a position or a title, it is action and example.”[1] Whether we like it or not, fact is that corporations are a very essential part of our global society. Corporations create opportunity for employment; they manufacture and produce our food, our favorite clothing and other products, basically […]
Common Law & Continental Law Part II
THE COMPARISON OF COMMON LAW AND CONTINENTAL LAW Common law and continental law systems are “products of two fundamentally different approaches to the legal process.”[1] When it comes to continental law, codes and statues prevail and the common law dominantly rests on judicial decisions. Therefore, continental law is based on the theory of separation of […]
Common Law & Continental Law Part I
THE HISTORICAL DEVELOPMENT OF COMMON LAW AND CONTINENTAL LAW The historic roots of Common Law date back to the English kings’ courts and judges making an effort to create a national legal system by centralizing the administration of justice in order to enhance the power of the royalty. The judgments brought upon by the royal […]
How to avoid MONUMENTAL mistakes in Real Estate Transactions
The beautiful world of architecture is a historical imprint of human culture. As such it may be declared that real estate must be protected, especially if it is of monumental or otherwise historical value. Therefore, before commencing a real estate transaction, a prudent legal advisor will carefully evaluate the legal status of the target property. […]
Avoidance of Fights against Windmills – How to Enforce Claims Against Insurance Companies
It is a tale as old as time, take a person duly paying all insurance fees within the applicable payment deadlines, then a sudden storm tears off a part of the insured roof – all of a sudden you may find yourself seemingly in midst of a fight against windmills, where the insurance company is […]
PIERCING THE CORPORATE VEIL
1. THE DEFINITION OF PIERCING THE CORPORATE VEIL “Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts […]
ANTI-DISCRIMINATION RULES BASED ON EUROPEAN LAW
Part II – European Law Overview Following World War II, the Council of Europe as an intergovernmental organization was formed in order to promote democracy and human rights. In the year 1950, the members of the Council of Europe adopted the Convention for the Protection of Human Rights and Fundamental Freedoms, which entered into force […]
DISCRIMINATION AT THE WORK PLACE
PART I – Anglosaxon Law Overview WHAT IS DISCRIMINATION? “Hate – it has caused a lot of problems in the world, but has not solved one yet.”[1] Unfortunately for mankind, some of the darkest chapters of world history stem from the roots of discriminative behavior, which is generally not legal, however the legal framework thereof […]
A Vis Maior Eredete
„Casus est vis maior cui humana infirmitas resistere non potest.” A római jog szerint a vis maior olyan erőt, eseményt jelent, „amelynek az emberi gyengeség nem tud ellenállni.” Ellenállhatatlan, elemi erő, abszolút jellegű események, azaz nem az egyes emberekhez viszonyítjuk az eseményeket, hanem azt nézzük, hogy akadhat-e egyáltalán olyan ember, aki az adott eseményt el […]
Hungary to head towards Electronic Real Estate Procedures
New act No. C of year 2021 on the Hungarian Land Registry will take effect as of February 1, 2023 and will serve as the platform for the long-awaited innovation of the real estate procedures in Hungary. As such, Hungary will finally join other European Union member states, such as Austria, Germany, Belgium and Greece, […]