Author: Vajk Varai-Jeges

Financing Your Property in Hungary

How can you find the right solution to finance your dream home in Hungary? A holiday home — or even an entirely new home — in another European country does not necessarily have to remain the privilege of those who have saved several hundred thousand euros over many decades. In principle, you can also finance […]

Working Abroad but Want to Buy Property in Hungary?

Whatever the reason for moving abroad as a Hungarian, sooner or later many people are faced with the idea that they would like to buy property in Hungary — whether as an investment or as a future home — but may not have the full purchase price available in cash. What options are available to […]

Exhaust Gas Scandal: Manipulation Almost Certain

In the case of German-made diesel vehicles, it is almost certain that the products of every German car manufacturer contain manipulated hardware and software. More and more courts are accepting the argument that buyers’ rights have therefore been infringed and that

Foreign-Currency Loans: Preliminary Ruling Proceedings Before the CJEU

As a result of our arguments, an increasing number of courts are awaiting the position of the Court of Justice of the European Union on the legality of foreign-currency loans. During the so-called preliminary ruling procedure, the court suspends the court proceedings pending against foreign-currency loan borrowers. If you have any questions, please contact us.

Foreign-currency borrowers: real estate auctions suspended

As a result of our previously published arguments , courts have suspended enforcement proceedings in cases involving bank measures against debtors burdened with foreign-currency loans. As a result, we have already been able to save the residential properties of several of our clients from auction. If you are facing a similar problem, please feel free […]

CJEU: In the absence of an exhaustively listed exception, the European Arrest Warrant must be executed

The Court of Justice of the European Union has recently published its decision in the case concerning an unknown defendant identified by the initials A.Y. (in reality, the case concerning Zsolt Hernádi in relation to MOL). According to the judgment, execution of a European Arrest Warrant and surrender of the requested person to another Member […]

5 Questions and 5 Answers about the Hungarian Judicial Recess

1. What is the judicial recess? In Hungary, the judicial recess takes place every year from 15 July to 20 August, as well as during the winter period from 24 December to 1 January. Judges and court staff are generally on their regular annual leave during these periods, meaning that the courts and the administration […]

Acquiring Real Estate in Germany

We provide expert assistance to ensure the commercially efficient and legally secure acquisition of your German property. We can help make your acquisition of real estate in Germany more commercially advantageous. We are familiar with the market practices and mandatory legal framework that apply in Germany both to residential real estate and to commercial property. […]

Exclusive Purchasing Obligation Over an Eight-Year Contract Term Permissible in Sales Terms and Conditions

Suppliers and purchasers often agree on framework supply agreements where the relationship is intended to go beyond a one-off purchase, in order to regulate the fundamental issues of a long-term business relationship in a uniform manner. These typically include the type and quality of the products, prices including payment terms, quality assurance and liability rules, […]

Exclusive Purchase and Supply Obligations in Contracts Exceeding Eight Years – Under General Terms and Conditions

The supplier and the customer — where the transaction is not merely a one-off purchase — enter into a framework supply agreement for repeated deliveries in order to regulate uniformly the fundamental issues arising during a long-term business relationship, in particular the type, quality and price of the goods, including the method of payment, the […]