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Hungary
Schoenherr Attorneys at Law
There has been a longstanding need in Hungary for a legal instrument to rescue distressed companies. The only legal solution so far for such companies was the unpopular and inflexible bankruptcy...
Wolf Theiss
The Directive 2019/1023 on Restructuring and Insolvency represents a fundamentally new era for restructuring measures outside of insolvency.
Wolf Theiss
Due to the transposition of Directive (EU) 2019/1023 through the Restructuring Act, which entered into force on 1 July 2022, a new preventive restructuring framework under Hungarian law is now applicable.
Schoenherr Attorneys at Law
The Government of Hungary has proposed an amendment to Act XLIX of 1991 on bankruptcy and liquidation proceedings (Insolvency Act) aiming to modernise the procedural rules of insolvency...
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.
Szecskay
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
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
Under Hungarian law, the liquidation of a company aims at the dissolution of an insolvent company with no legal successor.
Szecskay
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.
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