Legal Newsletter 2013/1- New Civil Code

The new Civil Code (Act V. of 2013) enters into force on March 15, 2014, containing significant changes.

Being the ultimate instrument relating to the operation of civil persons and economic organizations, the Civil Code has undergone several significant steps of updating and structural change for which it is recommended to be prepared in advance. With a commercial approach and an intention to adapt to the economic needs in these days, the new code summarizes the achievements of the evolution of law in the past few decades. Besides the actualization of old, familiar regulations, several new rules are introduced as well.

The changes are significant; numerous formerly separate measures have been integrated. This is the reason why we think that it is essential to be up-to-date with the new regulations, to be prepared for the changes and to make the necessary arrangements. The purpose of our newsletters is to help you in this regard.

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Legal Newsletter 1/2013