Mondaq All Regions - Hungary: International Law
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
In this article, we address the issue as to how an owner, such as a foreign company, may claim back his assets located in Hungary following the seizure of such assets within the frame of an enforcement proceeding commenced against an entity possessing such assets based on an agreement concluded by and between the owner (foreign company) and such entity.
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
Ormai és Társai CMS Cameron McKenna
Traditionally, Hungarian tax rules undergo significant amendment at the beginning of a new year: loopholes exploited by taxpayers are closed and the budget is always in need of further income. The year 2004 brings changes on an even greater scale, as Hungary's accession to the European Union on 1 May 2004 requires domestic tax legislation to comply fully with EC law.
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