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Writing in the British Chamber of Commerce's spring newsletter, our Hungary tax and legal expert says involving your partners will help mitigate issues that arise in capital.

Bank customers are to be given increased statutory protection, following public and media pressure for change.

April 2019 – The Hungarian Parliament passed the Act on Foundation Trusts on 5 March 2019. This legal concept has had a long and successful history in German-speaking countries.

Unhappy with being labelled the local scapegoats for the effects of the financial crisis, Hungarian banks and other retail financers have adopted a code of conduct to show goodwill towards distressed clients.

The Central Bank of Hungary (MNB) is encouraging the banking sector to increase the level of green loans. To this end, significantly reduced...

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.