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.
ONLINE CONSUMER CONTRACTS – IS YOUR BUSINESS CONCERNED?
Black Friday is once again around us: the time when online shops and the consumer protection authority cash in some extra income every year. We guess you’ve already read about the extreme discounts and the record-breaking fines by the authorities, so in our article, we will explain, that without your knowledge, your own business can easily step into the field of consumer protection, in which case, your contracts are subject to special rules. In our article, we show you how you can recognize these situations and, of course, summarize the obligations.Read more »
HOW TO TRANSFER PERSONAL DATA TO NON-EEA COUNTRIES? - NEW EDPB RECOMMENDATION
Since in the middle of summer 2020, the Court of Justice of the EU (CJEU) invalidated the Privacy Shield and put into question the applicability of the standard contractual clauses, we were wating for guidance from the European Data Protection Board (EDPR) how to transfer personal data to non-EEA countries in a GDPR-compliant way. Finally, the EDPB broke the silence and provided a 6-step guide which we summarize in this short article.Read more »
THE SUPREME COURT RULED – FLEXIBLE WORKING TIME CAN ONLY BE ORDERED IN WRITING IN HUNGARY
It is often the case that the employer does not clearly regulate the employment relationship of the employees, which later leads to an employment lawsuit. This happened in the case before the Hungarian Supreme Court, where a legal dispute arose in connection with the employee's work schedule, the stake is the payment of several million forints of overtime work compensation to the employee. In our short article, we analyze the Supreme Court’s decision and draw conclusions on how the employer can avoid similar situations.Read more »