As of the 2024 financial year, companies in Hungary are facing new and stringent ESG (Environmental, Social, and Governance) reporting requirements under Act CVIII of 2023 (ESG Act). While large companies may already be familiar with the relevant EU directives (notably the CSRD and the CSDDD), the Hungarian regulations present unique challenges, especially for local subsidiaries of multinational corporations.
Cross-border Minefield(s) – Staying Compliant: A GC Summit Summary
In a world where business operations frequently cross borders, the role of legal strategy becomes critical in navigating complex regulatory and political landscapes. Drawing on their professional experience, Envista Holdings Corporation Senior Legal Counsel Karel Budka and Head of General Legal at Zentiva Pawel Borowski held talks at the CEE Legal Matters GC Summit that took place in Warsaw on April 25-26, 2024. Budka explored the depths of managing foreign direct investment subsidy applications and Borowski looked at the implications of adapting to evolving sanctions.
Centered Around Cybersecurity: An Interview with Gabija Kuncyte of Compensa Life Vienna Insurance
Compensa Life Vienna Insurance Group SE Head of Legal Baltics Gabija Kuncyte discusses the evolving landscape of cybersecurity and its increasing significance within the legal and financial sectors.
Implementing the New Whistleblower Law in Poland Successfully: A Checklist
Whistleblowing is currently a hot topic in Poland. After nearly three years of delay, Poland has finally implemented the EU Whistleblowing Directive 2019/1937.
Whistleblowing in Poland: An Interview with Zuzanna Kopaczynska Grabiec of Wonga
Wonga Director of the Legal, Compliance, and HR Department Zuzanna Kopaczynska Grabiec discusses what systems needed to be set up to align with new Polish legislation on whistleblowing and how her team did so.
Implementing Whistleblowing in an International Sports Federation: an Interview with Marianna Erdei of Teqball
“Plan twice to implement once” is Teqball Group Legal Director Marianna Erdei’s approach to implementing new whistleblowing regulations in a manner that is not compliant only with Hungarian law but takes into account the local needs of other jurisdictions.
Whistleblowing: Global Solutions with Local Flavors
With the Whistleblowing Directive implemented into local legislation, whistleblowing has become an essential topic in companies. As national interpretations of the directive on whistleblowing have made it mandatory for organizations to introduce reporting channels and protective measures, businesses must navigate a more stringent and complex legal landscape.