Lakatos Köves and Partners is the only law firm in Hungary who can provide specialist expert knowledge through its Consumer Protection practice. Consumer protection in Hungary is even more stringent than in most other parts of the EU. Heavy fines are imposed on companies that are found responsible for breaches of regulations. Businesses, especially in retail and financial services, are increasingly aware of consumer protection issues, and authorities are pushed to be effective. Our consumer protection advice is directed to those companies that want to spend less on fines and try to avoid disputes with the authorities.
This is an innovative, unique service that no other law firm offers as a separate practice area. Dr. Andrea Nagy, our senior lawyer responsible for our consumer protection practice, is a former head of the Legal Department at the Hungarian Authority for Consumer Protection and teaching at the Budapest Economic University (BGE) and ELTE ÁJK and Pázmány Péter Catholic University occasionally.
Our clients turn to us when they need advice on fair business and advertising practices, product safety and product liability, and guarantee and warranty documentation, general contractual terms and fraudulent trading issues. Our sectoral focus ranges from classic and online retail to manufacturing and financial services. We are the law firm to raise client awareness of consumer protection issues in order to meet the legal requirements when advertising and running promotions and to avoid fines. In case the damage is already done, we act as litigators in front of the respective national authorities.