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.

Captive insurance has experienced significant growth globally in recent years, driven by hard market conditions, emerging risks and increased volatility.

In this article, we attempt to address, based on Act no LX of 2003 on Insurance Companies and Insurance Activities (the "Act"), the legal issues of (i) whether an individual or business organization authorized by a licensed independent insurance mediator is allowed to carry out activities of independent insurance mediation, and (ii) if the answer to this question is in the affirmative, whether the individual or business organization may carry out such activities based on the authorization of the

Az építési szerződésekben általános jelleggel használt bankgarancia, mint szerződéses biztosíték addig tűnik erős biztosítéknak, amíg nem kell lehívni.