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THE "UNDERGROUND PARKING LOT CASE IN SOPRON"

August 2009 - Litigation & Dispute Resolution. Legal Developments by Szecskay Attorneys at Law.

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The Supreme Court's decision in this Sopron underground parking lot case has been one of the hottest topics in the legal playing field in the past few months. We briefly discuss the decision below, and describe a possible way to solve the problems it has raised.

(1) THE "SOPRON UNDERGROUND PARKING LOT" CASE

The litigating parties concluded an agreement whereby the defendant undertook to build a public parking lot underneath the real property owned by the Municipality of Sopron. The real property in question qualified both as a public square and as one of the municipality's "primary assets". The defendant also undertook to reconstruct the surface of the public square. The parking lot was to be operated by the defendant on business terms, and the parties agreed that it would be registered under a separate topographical lot number and then transferred to the defendant's ownership upon registration.

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