ArticleAmended ESOP Act Brings A Number Of Serious Changes From 2019The Hungarian Act on the Employee Stock Ownership Plan (the "ESOP Act") was amended by the Hungarian Parliament in November 2019.HungaryEmployment and HRKCG Partners Law Firm
ArticleWhy Is Equity Protection Ineffective In Hungary?The Hungarian Companies Act ("CA") and others have long contained provisions to protect creditors. HungaryCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleNew Protections For Bank CustomersBank customers are to be given increased statutory protection, following public and media pressure for change.HungaryFinance and BankingCMS Cameron McKenna Nabarro Olswang
ArticleThe New Hungarian Civil Code To Change Financial Assistance RulesFrom 15 March 2014, public companies limited by shares may provide financial assistance to third parties if certain conditions are met. But no restriction on assistance will apply to private companies limited by shares.HungaryCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleWill Securing Syndicated Loans Be Easier In Hungary?From 15 March 2014, Hungarian law will recognise the concept of trust, and the problems with securing syndicated loans seem to be solved.HungaryFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleMore Amendments To The Civil Code To Foster LendingThe Hungarian Parliament recently adopted a significant amendment package to the Civil Code. The main body of the amendment entered into force on 1 October 2016. HungaryFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
Article2024 Summer Changes In Tax Rules PublishedThree government decrees have been promulgated in issue no. 74 of the official gazette Magyar Közlöny, published on 8 July 2024...HungaryTaxGrant Thornton
ArticleProject Finance Report 2022 HungaryThe government and the Hungarian National Bank (Magyar Nemzeti Bank – MNB) have introduced massive fiscal and monetary measures, growth loan and bond programmes since 2019...HungaryCorporate/Commercial LawKinstellar