Hungary: Financial Services

The competence to issue "payment orders" was shifted from the Hungarian courts to the public notaries approximately one year ago.

The business decision to make a public takeover bid depends on the assessment of a number of legal, business and financial elements/questions. One of the most peculiar questions remains as to how to gain insider information on the target lawfully, before the announcement of the PTB and without causing overreaction on the market with a potentially price-increasing effect.

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

Az Európai Unió az elmúlt években kiemelt figyelmet fordított a nemteljesítő hitelek (non-performing loan, azaz NPL) kezelésére, tekintve, hogy ezek jelentős hatást gyakorolnak a tagállamok gazdasági és pénzügyi stabilitásra.

In recent years, the European Union has paid special attention to the management of non-performing loans (NPLs), as these loans significantly impact the economic and financial stability of member states.

Die Zahlung in Euro gewinnt in Ungarn zunehmend an Bedeutung, insbesondere bei der Zahlung der Körperschaftsteuer, die seit August 2022 nicht nur in Forint...