Rules of the competition

Think like a CEO by KassaiLaw

Rules of the competition


Welcome to our competition, Think Like a CEO. Below you will find the detailed rules of the competition. If you have any questions, you can always contact us at


1. Participation criteria

The Think like a CEO competition organised by KassaiLaw (“Competition”) is open to law students enrolled in a law programme at any law faculty of a university in Hungary, whether on a full-time or part-time/distance learning basis (“Participant“).

The Competition is open to individual applicants only, teams are not allowed.

The Competition is not open to persons who, at the time of its announcement, have already obtained a law degree, even if they are still enrolled in a postgraduate programme at the university.


2. Competition process and timeline

2.1. Application

Participants can register on the Competition Website ( After successful registration, Participants will receive an automatic email with further instructions. One person can register only once, using one email address.

2.2. Round I

Round I takes place from 10th October to 27th October, 2023, and it consists of two parts.

The first part is a series of multiple-choice and short answer questions (“Test”) and the second part is a complex legal case (“Case”).

Participants will receive an email with a link to the online platform (“Platform”), allowing them to complete the Test and review the Case. Both parts can be submitted on the same Platform.

The deadline (“Closing Date”) for Round I submissions is October 27, 2023.

2.3. Round II

Participants selected for Round II based on their Round I submissions will compete individually in front of the jury of KassaiLaw an online informal discussion.


3. Detailed rules and guidelines

3.1. Participants can utilize any sources (national and EU legislation, case law, legal literature, etc.) for answering the Test questions and solving the Case. The time available to answer the Test questions and prepare the Case is not limited, as long as the submission is made prior to the Closing Date.

3.2. The Participant’s objective during the Test is to provide comprehensive responses to the presented questions. In the Case segment, their objective is to construct a thorough and analytical expert opinion, identifying legal and non-legal risks based on the applicable legislation, judicial practice, and case law.

3.3. Participants have the flexibility to choose the order of solving the questions and modify their answers before final submission.

3.4. In the event of multiple submissions by the same person, only the last submission will be considered valid.

3.5. The answers of the Test and the preparation of the Case requires individual research and solution. Participants may not seek or accept assistance from any other person (in particular a lecturer, PhD student, practitioner), under penalty of disqualification from the Competition.


4. Formal requirements

Participants shall upload their solutions for the Case in permitted formats (.doc, .pdf) with a maximum file size of 10 MB. The solution of the Case must be at least 3000 and no more than 6000 characters long. There are no other formal restrictions, but we recommend that you strive for clarity and sophistication.


5. Evaluation/assessment

5.1. Only submissions received via the Platform until the Closing Date and complying with the formal requirements will be considered to have been duly submitted and therefore eligible for evaluation.

5.2. Submissions will be judged on the basis of the following criteria by KassaiLaw’s jury of experts:

a) Recognising legal problems in the facts;

b) Correct position on the issues identified, with reasons;

c) Structure, organization and coherence of the solution;

d) Creativity, showcase of business mentality and thinking outside the box.

5.3. The winners will be announced at the KassaiLaw virtual prize-giving event on 6th November 2023. Further details will be communicated to the Participants regarding event after the Closing Date.


6. Prizes

6.1. The first three (3) winners of the Competition will receive a cash prize, the net amount of which is:

First prize

400 EUR

Second prize

300 EUR

Third prize

200 EUR

6.2. Selected winner(s) may have the exciting opportunity to participate in KassaiLaw’s internship program. This prize is an opportunity and not a guaranteed program. Those who excel as a top performer in our mentoring program, may receive an invitation to formally join KassaiLaw as our newest legal intern

6.3. KassaiLaw reserves the right, at the jury’s discretion, to refrain from awarding prizes or to award specific placements only if a submission does not meet the established quality requirements.


7. Data protection

The personal data of Participants are handled in accordance with the applicable Privacy Policy:


8. Miscellaneous

8.1. KassaiLaw reserves the right to make changes to these rules at any time, as deemed necessary.

8.2. The Competition will be held in English.

8.3. All visual and written material relating to the Competition is KassaiLaw’s intellectual property. Any utilization, duplication, or reproduction of these materials requires written consent from KassaiLaw.

8.4. KassaiLaw disclaims all liability for damages resulting from notification non-delivery due to email address typos or inaccessibility of the email account provided by the Participant.

8.5. In case of any questions please do not hesitate to contact us at

8.6. Find more about us at

Exciting developments
are underway at Kassailaw!
Our team of legal and technology experts is hard at work, preparing to launch a new and innovative way to access information and knowledge. This interactive platform will provide an immersive and engaging experience and we’re eager to share it with you.
Stay tuned!

“Is your team the dream team? How much percentage should each founder get?” One of the core ingredients to success is the right team with complementing skills and personalities: early stage investors (and business partners too, by the way) will invest in the team, not the idea. Our goal is to guide you in building a strong and well-functioning team, as well as help you uncover potential friction points or weaknesses in the team, so that you can address them in the very beginning. When it comes to the fair split with your co-founders, if you need a reference point, or just want reassurance, we have developed our own tool for equity split calculation. Hint: the one answer that’s certainly wrong is a hasty 50-50 split.

You have spotted a problem and found a viable solution – in other words, you have your idea. What’s the next step? You need to make sure that the problem your business is trying to solve is a valid problem for a wide enough group, and that

Are you sure that the problem your business is trying to solve is a valid problem for a wide enough group? 

When you spot a problem and think you have found a viable solution to create a business around, it’s all too easy to get excited and jump straight into ideating a solution.

Avoid making something and then hoping people buy it when you could research what people need and then make that.

It doesn’t make any sense to make a key and then run around looking for a lock to open.

There are many ingredients in the recipe for creating a successful startup, but most certainly whatever you read and wherever you go, one of the first pieces of advice is going to be to do your homework properly regarding the validation. You have to validate both your problem and your solution to be able to define the perfect problem-solution and later on the product-market fit. If you manipulate your future customers into liking your solution or do not reveal all the aspects and layers of a problem you identified, your idea can easily lose its ground and with that the probability of it surviving and actually being turned into a prosperous business. Let us know if we can help at this initial but yet super-important stage.

Validation is the first step in moving towards learning more about the problem you are ultimately looking to solve.

Finding your unique value proposition is only possible if you take a thorough glance at your competitors. The world of tech is highly competitive, particularly so when you operate in a field with low entry barriers, you need to carefully examine and regularly update the news and developments of those companies who act in the same field and market. This might lead to several pivots for you if necessary, because you can significantly increase your chances of success if you can offer a—at least in some aspect—unique solution to your customers. The introduction as “we are like Uber/Snapchat/WeWork/Spotify, only better” is hardly sufficient in most cases. Unless you really are so much better, but then you need to know that too, so up the competitive analysis.