The Path to CS3D – Company Law and Labour Law Trends and Aspects

The aim of this study is to briefly present Hungarian company and labor law reflections, or the lack thereof, in relation to global trends and European Union regulations affecting the operation of companies. After a sketchy theoretical introduction analyzing the essence of companies, we will describe the essence of CSR and the approaches to corporate operation that have developed from it, touching on Hungarian aspects. Then, we connect the discussed phenomena on the one hand with two essential legal institutions of Hungarian company law: the obligation to provide information to ensure transparency and the appropriate flow of information, and the special obligation of executive officers (duty of care and loyalty); on the other hand, we present how these rules are positioned in the dogmatics and practice of Hungarian labour law, and how the concepts can be integrated into labour law thinking. Since the emergence of the idea of CSR, labour legislation and enforcement have come a long way, from initial recognition to everyday practice. It will be analysed how the practical application of CSR rules within the framework of the Labour Code is shaping Hungarian labour law practice. Finally we evaluate the current state of Hungarian company and labor law in relation to the analyzed legal problems.