Blog » ILF ANNUAL CONFERENCE – REPRESENTING HUNGARY IN CHINA
ILF ANNUAL CONFERENCE – REPRESENTING HUNGARY IN CHINA
02 December 2016
Our law firm is the member of an international law firm association called International Law Firms (ILF). The goal of this organization is to improve the service of independent smaller and mid-sized law firms serving their clients’ needs in cross border business legal issues. Every year there are annual and regional conferences where we can share our experiences, meet new people, new viewpoints, and make our community better.
This year the annual conference was held in Guangzhou, China. The Koo Fa Law Firm put much effort to organize a professional and successful conference. The interest shown towards this conference was surprisingly high, as lawyers from 20 countries gathered to attend the event.
Apart of the official reports regarding the operation of the organization, and knowing other law firms better, we got the chance to introduce the legal system and our law firm to potential Chinese clients.
In our introduction we concentrated on the Chinese-Hungarian business and legal connections, that caused surprise among Chinese businessmen. Hungary has 60 bilateral investment treaties and 80 double tax conventions and other agreements, and considering that the 74% of the Chinese business investment goes to Hungary among the V4 countries, we can say without hesitation that Hungary represents the flagship of china in the Central Eastern Europe region.
Of course these facts can be interesting, but maybe not convincing enough for a new investor, so we explained three important reasons for Chinese investors to come to Hungary:
- the Hungarian Government supports foreign investors with great incentives
- Hungary has a very favourable “tax climate”
- our country offers a highly-skilled, yet affordable workforce.
We concentrated on explaining legal topics without going into difficult details and legal terms, and we received an outstanding attention from the audience.
We had also the opportunity to meet clients personally one by one, and they could also explain their work field and needs.
The conference was held in a very friendly atmosphere from the beginning to the end, where all of us could improve our skills in networking and improving professional relations.
Hungary: Steps Towards Differentiating Between Domestic and International Procedural Public Policy
Drawing a well-defined line of demarcation between domestic and international public policy when enforcing foreign arbitral awards sends a clear pro-arbitration message from national courts in any jurisdiction. Does Hungarian case law come close to this level of sophistication? This post analyses this question in the context of procedural public policy, and it does so based on two recent appellate court decisions rendered in the context of enforcement of arbitral awards in accordance with the New York Convention.Read more »
EU ISSUED NEW GDPR STANDARD CONTRACTUAL CLAUSES – WHEN AND HOW TO USE THEM?
During summer 2021, the European Commission published two new "standard contractual clauses" on data protection regulation, which can be applied on the one hand, to the legal relationship between data controllers and data processors covered by the GDPR , and to the transfers of personal data to third countries, on the other. In this article, we answer the questions: what these SCCs regulate, how do they differ from the previous SCCs and how can your company use the new SCCs?Read more »
CAN THE NON-COMPETITION AGREEMENT BE VALID WITHOUT A PRECISE COMPENSATION IN HUNGARY?
The non-compete agreement may provide protection of the legitimate economic interests of the employer even after the termination of employment relationship. However, the Hungarian Labour Code lays down strict requirements for the agreement. In our article we analyse a recent decision of the Supreme Court about the importance of the precise determination of the compensation, so you as an employer can conclude a valid non-compete agreement.Read more »