Eine echte Lösung für Kreditnehmer mit Fremdwährungskrediten statt “Walking Away”: Privatinsolvenz im Ausland

The first step in escaping the Hungarian debt trap is to move outside Hungarian jurisdiction. According to an article published today on Index.hu, György Schadl, President of the Hungarian Chamber of Judicial Officers, stated to Magyar Idők that the introduction of the so-called “walk-away” mechanism, already used overseas, could solve the problems of many foreign-currency […]
Grundbesitzer in Ungarn, die Parteien von „Taschenverträgen“ sind, fürchten bis zu fünf Jahre Haft und Enteignung. Gibt es eine Lösung?

Until the end of April 2014, EU nationals were, as a rule, also prohibited from acquiring arable land in Hungary, owing to a temporary derogation under EU law. For this reason, foreign purchasers — most often from Austria — frequently entered into so-called “pocket contracts” with Hungarian sellers. In most cases, the parties signed an […]
Persönliche Haftung der Geschäftsführer bei der Insolvenz einer deutschen „GmbH“, gilt auch bei der deutschen „AG“

In the insolvency of a German customer, a supplier and creditor is always faced with the problem that, in the customer’s insolvency proceedings, the supplier will often have to accept a reduction of its claim that varies from case to case and will usually have to be satisfied with an insolvency quota. The supplier’s shortfall […]