Investing In... 2026

HUNGARY

Slovakia

Ukraine

Austria

Budapest

Hungary

Law and Practice Contributed by: Pál Szabó, Barnabás Simon, Eszter Katona, Ádám Simon, Mihály Harcos, Karim Laribi, Gábor Kutai and István Szalay-Csala Bird & Bird

Romania

Croatia

Serbia

Contents 1. Legal System and Regulatory Framework p.295 1.1 Legal System p.295 1.2 Regulatory Framework for FDI p.295 2. Recent Developments and Market Trends p.296 2.1 Current Economic, Political and Business Climate p.296 3. Mergers and Acquisitions p.298 3.1 Transaction Structures p.298 3.2 Regulation of Domestic M&A Transactions p.298 4. Corporate Governance and Disclosure/Reporting p.299 4.1 Corporate Governance Framework p.299 4.2 Relationship Between Companies and Minority Investors p.299 4.3 Disclosure and Reporting Obligations p.300 5. Capital Markets p.300 5.1 Capital Markets Overview p.300 5.2 Securities Regulation p.301 5.3 Investment Funds p.301 6. Antitrust/Competition p.302 6.1 Applicable Regulator and Process Overview p.302 6.2 Criteria for Antitrust/Competition Review p.303 6.3 Remedies and Commitments p.303 6.4 Antitrust/Competition Enforcement p.304

7. Foreign Investment/National Security p.304 7.1 Applicable Regulator and Process Overview p.304 7.2 Criteria for National Security Review p.304 7.3 Remedies and Commitments p.305 7.4 National Security Review Enforcement p.306 8. Other Review/Approvals p.306 8.1 Other Regimes p.306 9. Tax p.308 9.1 Taxation of Business Activities p.308 9.2 Withholding Taxes on Dividends, Interest, Etc p.309 9.3 Tax Mitigation Strategies p.309 9.4 Tax on Sale or Other Dispositions of FDI p.309 9.5 Anti-Evasion Regimes p.309 10. Employment and Labour p.310 10.1 Employment and Labour Framework p.310

10.2 Employee Compensation p.310 10.3 Employment Protection p.311

11. Intellectual Property and Data Protection p.311 11.1 Intellectual Property Considerations for Approval of FDI p.311 11.2 Intellectual Property Protections p.311 11.3 Data Protection and Privacy Considerations p.312

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