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  1. Legal news
    03 April 2020
    Insights on the governmental measures taken in response to COVID-19 in Hungary
    www.twobirds.com/en/news/articles/2020/hungary/insights-on-the-governmental-measures-taken-in-response-to-covid-19-in-hungary

    1. An important piece of legislation designed to address and mitigate the potentially grave economic consequences of the coronavirus, Governmental Decree No. 47/2020 (III.18.) entered into force on 19 March 2020 (the ...

  2. Legal news
    12 September 2019
    The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication
    www.twobirds.com/en/news/articles/2019/global/the-hungarian-national-bank-provides-card-issuers-an-additional-12-months-to-comply-with-psd2

    On 10 September 2019, the Hungarian National Bank (HNB) issued a press release (available in English here and in Hungarian here [PLEASE INCLUDE HYPERLINKS FROM WORD DOC]) in which it provides Hungarian cards issuers and ...

  3. Legal news
    14 January 2019
    Analysis of innovation facilitators established in the EU
    www.twobirds.com/en/news/articles/2019/global/analysis-of-innovation-facilitators-established-in-the-eu

    Our payments team focus in on some of the observations set out in the ESA's joint comparative analysis of the innovation facilitators in the EU.

  4. Legal news
    19 December 2018
    Proposals issued by the European Commission to require payment service providers to disclose VAT details
    www.twobirds.com/en/news/articles/2018/global/proposals-issued-by-ec-require-payment-service-providers-to-disclose-vat-details

    We analyse the European Commission's proposed amendments, which could require payment service providers (PSPs) to disclose payment transaction data to Member States.

  5. Legal news
    07 May 2019
    The EC puts an end to decades of competition law enforcement against interchange fees: What's next for interchange fees?
    www.twobirds.com/en/news/articles/2019/global/ec-puts-an-end-to-decades-of-competition-law-enforcement-against-interchange-fees

    We provide below a brief recap on the many-many years of competition law enforcement by the European Commission (EC) against interchange fees, a summary of the EC decision of 29 April 2019 related to Visa's and ...

  6. Legal news
    24 July 2018
    EBA publishes final Guidelines on fraud reporting under PSD2
    www.twobirds.com/en/news/articles/2018/global/eba-publishes-final-guidelines-on-fraud-reporting-under-psd2

    The European Banking Authority (EBA) has published the final Guidelines on fraud reporting under the revised Payment Services Directive (PSD2).

  7. Legal news
    28 February 2018
    Payments in the Airline Industry
    www.twobirds.com/en/news/articles/2018/global/payments-in-the-airline-industry

    The so-called "PSD2" is the revision of an existing directive from 2007, called the "Payment Services Directive" or "PSD" or "PSD1".

  8. Twobirds news
    03 June 2019
    Baseline merges with Valeocon to bolster Bird & Bird management consulting business
    www.twobirds.com/en/news/press-releases/2019/global/baseline-merges-with-valeocon

    International law firm Bird & Bird today announces the merger of its Baseline consulting arm with Valeocon Management Consulting, creating one of the largest management consultancy firms linked to an international law ...

  9. Legal news
    28 January 2019
    What is NISR and who is impacted?
    www.twobirds.com/en/news/articles/2019/global/what-is-nisr-and-who-is-impacted

    The NISR (Network and Information Systems Regulations), which came into force on 9 May 2018, are designed to protect the critical national infrastructure of EU countries in the event of a cyber attack.