News & Legal Updates

Cyprus: The perfect time to invest in Real Estate

December 2014

Cyprus real estate market seems to be awaking gradually from the deep recession and it is estimated that the second semester of 2014 and first semester of 2015 will be the perfect time to invest in Cyprus and especially in real estate and properties.

Foundation of business associations in Hungary

December 2014

A business association in Hungary may be established only in the forms prescribed by Act V of 2013 on the Civil Code. Business associations may be established for pursuing business activities by either foreign or domestic natural persons, legal persons or business associations without legal personality. With the exception of limited liability companies and companies limited by shares, at least two members are required for the foundation of a business association. A natural person may be a member with unlimited liability in only one business association at a time.

Slovenia: Statute of limitation in civil law

December 2014

In Slovenian law compensation claims fall under statute of limitations after three years since the victim learned of the damage and the person who caused it. In any case, the claim falls under statute of limitations in five years since the date of accrual of the cause of action (the absolute limitation period).