Allen & Overy LLP (JD Supra Hungary)
3 results for Allen & Overy LLP (JD Supra Hungary)
-
New Hungarian legislation on national security vetting of foreign investors to apply from 1 January 2019
On 2 October 2018, the Hungarian Parliament adopted a new law, which will require ministerial approval for foreign direct investment into specific sectors. The law, currently awaiting sign-off from the President and then publication, applies to transactions set to close after 1 January 2019.
-
Hungarian bill on national security vetting of non-EEA purchasers in sensitive sectors
A new draft bill in Hungary proposes ministerial approval for certain foreign direct investments into specific sectors. If adopted, the law may apply relatively soon – it may affect transactions set to close after 1 October 2018. Therefore, investors may already need to keep this bill in mind in transactions currently being negotiated.
-
Hungary proposes introducing national security vetting of non-EEA purchasers in sensitive sectors
A new draft bill proposes that certain foreign direct investments into Hungary will require the approval of the Interior Ministry. The new rules are proposed to take effect from 29 June 2018, and should be considered in all relevant transactions with a timeline extending beyond this date.