Company, Cooperative & Corporate Governance Law
Legal Aspects of Venture Capital Financing
Venture capital; investment funds; startup financing; state aid; investment contracts; financial regulation
The article examines venture-capital financing through comparative financial, company, and contract law. It analyses legal definitions, investment structures, state-support mechanisms, EU policy, due diligence, confidentiality, contractual safeguards, and exit strategies.
GLAVANITS, JUDIT
Extent of the Voting Rights of Legal Persons Governed by Private Law...
Civil Code; cooperatives; legal persons governed by private law; voting rights
The rules relating to organizational structure and operation of legal persons governed by private law can be found among general rules pertaining to all legal persons and specific norms for various types of legal persons in the Book Three of Act V of 2013 on the Civil Code. The voting rights have an impact on the operation and management of the forms of association. One of the aims of this presentation is to draw up the similarities and distinctions between the different kinds of legal persons, in particular cooperatives. In the case of cooperatives the principle of „one member-one vote” is a key pillar of the basic cooperative principle „democratic member control”. This presentation is also undertaken to show, how this cooperative principle appears in legislation, concerning the legal norms on the European Cooperative Society (SCE) and some national legislation in the EU, too.
NAGY, ERIKA
The Role of Corporate Responsibility and Quality Legislation in Achieving the Sustainable...
Sustainability, Corporate Social Responsibility (CSR), Due Diligence, Corporate Sustainability Due Diligence Directive (CSDDD), Sustainable Development Goals (SDGs)
The adoption of Directive (EU) 2024/1760 on Corporate Sustainability Due Diligence (CSDDD) constitutes a significant step in the EU’s efforts to promote responsible business conduct. It imposes binding obligations on large companies to identify, prevent, and mitigate adverse human rights and environmental impacts throughout their operations and value chains. Member States must transpose the directive into national law within two years, raising important legal and practical challenges. This paper provides a legal analysis of the CSDDD, focusing on its scope, enforcement mechanisms, and alignment with principles of legislative quality. It places the directive within the broader international sustainability agenda, particularly the UN Sustainable Development Goals (SDGs), highlighting the relevance of SDG 16 and SDG 17 to strengthening institutions and partnerships. The study also explores the evolving concept of corporate due diligence as a cornerstone of ethical governance. In the Hungarian context, it examines Act CVII of 2023 on ESG, identifying overlaps and gaps in relation to the CSDDD. This comparison offers insights into Hungary’s readiness for implementation. In addition to normative analysis, the paper showcases best practices from companies engaged in responsible conduct, illustrating how legal compliance can go hand in hand with positive social and environmental impact. The study further examines how the new unified directive fits within the broader framework of previous regulatory efforts from a legal perspective.
SZABÓ, ÉVA
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