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Insolvency/Bankruptcy
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Katona & Partners Attorneys at Law
Eine Insolvenz kommt selten unvorhersehbar, aber in Ungarn wird es von vielen Gesellschaftern und Geschäftsführer gehofft „davonzukommen", ...
SMARTLEGAL Schmidt&Partners
You should not start liquidation because you want to destruct the debtor financially.
SMARTLEGAL Schmidt&Partners
Although, liquidation is one of the most powerful debt collection tools in Hungary for recovering solid claims, creditors often make mistakes that give rise to unfavourable court decision, declining liquidation request ...
SMARTLEGAL Schmidt&Partners
Although, liquidation is one of the most powerful debt collection tools in Hungary for recovering solid claims, creditors often make mistakes that give rise to unfavourable court decision, declining liquidation request ...
SMARTLEGAL Schmidt&Partners
We summarized the 6 must-knows of liquidation procedures in Hungary in this article.
Katona & Partners Attorneys at Law
Irodánk jogi képviseletet és jogi tanácsadást vállal fizetésképtelenségi ügyekkel összefüggésben az egyes ügyletek megkötését, projektek lebonyolítását megelőzően az esetlegesen felmerülő kockázatok...
Katona & Partners Attorneys at Law
Alles was einen Anfang hat, hat auch ein Ende!
Katona & Partners Attorneys at Law
Abhängig von der Unternehmensform und von der Auflösungsform sind mehrere Wege ein Unternehmen aufzulösen.
Schoenherr Attorneys at Law
The Hungarian Ministry of Justice acknowledged the recent criticism aimed at the difficulties regarding the enforcement of monetary claims in the country and plans to amend the relevant laws to make creditors' lives easier.
SZECSKAY - Attorneys at Law
In this article, we provide a brief overview of some of the practical issues concerning the rules applicable to Hungarian liquidation.
SZECSKAY - Attorneys at Law
Under Hungarian law, bankruptcy is a procedure during which the debtor is granted a moratorium with a view to increasing the chance of a settlement agreement and during which the debtor attempts to reach a settlement with the creditors
SZECSKAY - Attorneys at Law
In this article, we provide a brief overview of the some of the most important new rules applicable to Hungarian liquidation proceedings after 1 September 2009.
SZECSKAY - Attorneys at Law
Under Hungarian law, the liquidation of a company aims at the dissolution of an insolvent company with no legal successor.
SZECSKAY - Attorneys at Law
In this article, we address the issue of whether a claim reported by a creditor during winding-up of a Hungarian company needs to be reported to the liquidator after the winding-up has turned into liquidation, or whether such a claim automatically qualifies as duly reported during liquidation and must, therefore, be registered by the liquidator.
SZECSKAY - Attorneys at Law
While the securitization market in Europe continues to flourish, its usefulness in Hungary has yet to be fully appreciated. At first glance, the foundation and legal framework appears to be in place, however for a number of reasons, the market is still in its pre-infancy. From a Hungarian law approach it is useful to first look at the issues which are relevant in all markets and then to focus on the specific market-driven obstacles.
SZECSKAY - Attorneys at Law
As a result of Hungary's accession to the European Union on May 1 2004, certain amendments were made to Hungarian law on the basis of the EU Financial Collateral Directive (2002/47/EC). In particular, creditor protection amendments relevant to the enforcement of financial collateral (known as 'security deposits' in Hungarian legal terminology) were introduced to the Act on Bankruptcy Proceedings, Liquidation Proceedings and Members' Voluntary Dissolution (49/1991) and to the Hung
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