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Kinstellar contributes to International Employment Lawyer's Guide to Restructuring a Cross-Border Workforce
Kinstellar is delighted to have contributed to IEL’s Guide to Restructuring a Cross-Border Workforce 2023. In 2023, cross-border restructurings increased significantly – a trend that is expected to persist in early 2024. But conducting the process fairly, and thoroughly, poses a distinct set of hurdles for multinationals. The global guide examines and provides, across 45 jurisdictions, clear answers to the key questions facing employers when conducting a restructuring, under the following areas: Reduction in workforce Restructuring/Re-or ganisation of the business Changing terms and conditions Areas to watch Kinstellar employment team covered the following jurisdictions:
Kinstellar appoints new Employment & Labour Law Service Line Co-Heads
Kinstellar is delighted to announce the appointment of Dániel Péter (Managing Associate, Budapest) and Cătălin Roman (Senior Associate, Bucharest) as Co-Heads of the firm-wide Employment & Labour law service line. Dániel and Cătălin will support Nina Tsifudina, Partner in our Sofia office and firm-wide Head of Employment & Labour law, on the development of this increasingly important service line. Both Dániel and Cătălin bring extensive experience and a proven track record in employment law, making them well suited to lead the practice and navigate the complexities of this ever-evolving field. Dániel Péter heads the Employment & Labour Law service line in the Budapest office. Dániel
Hungarian parliament adopts new Whistleblowing Act
The Hungarian parliament has adopted a new law implementing the EU directive on the mandatory protection of (even anonymous) whistleblowers, which in many respects imposes stricter rules on companies and puts whistleblowers in a more favourable position. The new law, which repeals the previous rules on complaints and whistleblowing, poses significant challenges to most of the companies concerned; however, it is also in the interest of the companies to have an efficient whistleblowing system, as management may obtain information from whistleblowers and correct underlying problems that could result in serious sanctions for the company if detected by authorities, or the correction could serve to increase operational efficiency. Below