Searching Content indexed under Finance and Banking by SZECSKAY - Attorneys at Law ordered by Published Date Descending.
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It Is Easier To Establish A Prohibition Of Alienation And Encumbrance Under The New Civil Code Of Hungary
According to the rules of the new Civil Code, from March 15, 2014 a prohibition of alienation and encumbrance can be established not only when the object in question is transferred.
22 Jan 2015
Enforcement Of EC And EFTA Monetary Judgments In Hungary
In this article, we address the issue of how a foreign monetary judgment delivered in another Member State of the EC and an EFTA Member State, respectively, can be enforced in Hungary.
12 Nov 2007
Release Of Assets From Seizure In Hungary
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.
4 Oct 2007
The Public Takeover Bid – Assessment And Risks
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.
23 Mar 2007
Motion Picture Reform In Hungary
The past year has marked a monumental reform in the motion picture industry and on the motion picture culture in Hungary by the adoption of Act II of 2004 on Motion Pictures (the "Film Act") which came into force on April 1, 2004. The Film Act not only creates a new legal basis on which producers, distributors and other participants in the Hungarian film industry are able to operate, but it also provides support in planning, preparing, producing and distributing films.
6 May 2005
Securitization - Hungarian Prospects
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.
9 Mar 2005
New Rules on Financial Collateral Arrangements
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
1 Mar 2005
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