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The special requirements applicable to the management of national assets, with a special respect to the requirement of transparency
85-96.Views:173The Fundamental Law of Hungary states that the property of the Hungarian State and of municipal governments shall be considered national assets. National assets shall be managed and protected for the purpose of serving the public interest, satisfying common needs and preserving natural resources, taking also into account the needs of future generations. Economic operators – such as companies - owned by the State or municipal governments shall conduct business prudently and independently, in accordance with the relevant legislation, under the requirements of legality, efficiency and effectiveness. The special requirements regarding the management and safeguarding are laid down in Act CXCVI of 2011 on National Assets (hereinafter: National Assets Act) and Act CVI of 2007 on State Property (hereinafter: State Property Act) also contains a few requirements in its preamble.
Based on the above, national assets shall be managed and protected in a special way, compared to privately owned assets. Publicly owned enterprises play a very important role in the national economy, since they provide a significant amount of GDP, they employ numerous people, they usually provide public services and last but not least they manage public funds. As a consequence, these companies shall also manage their assets with respect to the special requirements. In our article, we introduce these requirements by examining their content and also their relationship towards each other.
One of the most important requirements is transparency, since these enterprises manage public funds and according to the Fundamental Law, every organization managing public funds shall publicly account for the management of those funds. Public funds and national assets shall be managed according to the principles of transparency and of corruption-free public life. Data relating to public funds or to national assets shall be recognized as data of public interest. We lay a special emphasis on transparency by introducing the relating regulation and also by summarizing the most prominent statements of court decisions from the last few years. In their judgements the courts interpreted the requirement of transparency in connection with state-owned enterprises and the relationship between transparency and the protection of business secrets and business interests of the companies.
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Regulatory issues of intellectual property rights
27-33.Views:166The study finds that the regulation of intellectual property is dominated by civil law rules. The old Civil Code expressed the correlation with the law of intellectual property and regulated the legal protection of know-how, however, the legal material could be found in the separate legal acts organically related to it. The new Civil Code, Act V of 2013 is no longer entitled as intellectual property rights but “copyright and industrial property rights”, and know-how has been protected as a form of trade secret. The homogeneous nature of copyright is broken by Act XCIII of 2016, which provides for collective rights management. In the field of industrial property protection, the most problematic legal institution was know-how. The LIV Act of 2018, which was born after the rules of the new Civil Code, opens a new chapter in the regulation of know-how. In this connection, the law transposes Directive 2016/943/EU into the Hungarian law. The legislator therefore chose the solution that it has incorporated the new conceptual approach, legal institutions, and rules of procedure for the protection of business secrets into national law not by creating them in the Civil Code but by creating new legislation. In this way, the private secrets of natural and legal persons will continue to enjoy the protection of personal rights, while trade secrets and know-how will enjoy protection based on the logic and sanction system of intellectual property protection.