Finally, a guiding decision which is favourable for commercial banks has been passed by the Supreme Court in Hungary ("Curia").

The Hungarian Ministry of Justice acknowledged the recent criticism aimed at the difficulties regarding the enforcement of monetary claims in the country and plans to amend the relevant laws to make creditors' lives easier.

The payment in euros is gaining an increasingly important role in Hungary, especially in the payment of corporate tax, which since August 2022 can be paid not only...

A jelen cikkben felvázoljuk, hogy az egyes európai országokban a cégalapítás milyen adójogi vonzatokkal jár.

On 11 January 2016, the Hungarian Competition Authority (Authority) announced the highest fine it has ever imposed on an association on account of horizontal information exchange.

Factoring is an increasingly popular product of banks that appeals to corporate clients of whatever size as it provides liquidity to the clients and stable cash flow.

Reforms affecting the state budget have been announced by the Minister for National Economy.

On 13 June 2016 the Hungarian Parliament adopted an amendment to the Civil Code which entered into force two years ago.

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.

In recent years, bank customers in Hungary have initiated numerous litigations claiming that their loan agreements are illegal, invalid, or null and void for a variety of reasons.

The fact that the new Hungarian Civil Code at last recognized the concept of transfer of contractual position was a welcome development.