Nothing is worse than a won court battle, if during
litigation the defendant had time to dissipate its assets. To
prevent this in a Hungarian business litigation, you can seek a
freezing injunction, and your defendant cannot frustrate the
judgment when it comes to enforcement. If you want to know the
details read further this article, which is the first part of a
three-part article series in this matter.
In this first article, we summarise the situations when you can
submit an application for a freezing injunction to the Hungarian
judge.
Freezing injunction based on first instance judgment
If you have at least a first-instance judgment against your
defendant, issued by a Hungarian or other EU court, you can seek a
freezing injunction from the court of first instance. The judgment
shall order the defendant to pay a certain amount of money, so
other type of judgments (etc. declaratory judgment, etc.) cannot be
"protected" by freezing injunction.
