Slovenian Supreme Court: A CHF Loan Is Void in Cases of Inadequate Risk Disclosure
In a considerable number of court cases affecting Hungarian victims of foreign-currency loans, Hungarian courts have tended to find only partial invalidity of the underlying agreements. Likewise, relying on certain Supreme Court (Kúria) opinions that are, in our view, highly unprofessional and ambiguously drafted, courts often limit their examination to the mere formal existence of […]
Supreme Court of Slovenia: If the Risk Assessment is Deficient, the CHF Loan is Invalid
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Antitrust, especially e-commerce
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Personal liability of the managing directors in the insolvency of a German “GmbH”, also applies to the German “AG”
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Franchise vs. Terms under German law
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Court Of Appeal: Directors Generally Not Liable For The Company’s Debts
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2018: Electronic Service of Process in Germany Too
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Attestation by an Attorney is Available Abroad as Well
Our firm is able to provide attorney certification (countersignature) in Germany for documents intended to be used in Hungary. This is a common issue particularly for Hungarian nationals living or working abroad who require either an attorney-certified document or a public deed for administrative procedures in Hungary. This situation typically arises, for example, when you […]
A Real Solution for Foreign-Currency Loan Borrowers Instead of “Walking Away”: Foreign Personal Insolvency
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 […]
Budapest Court of Appeal: the liability of executive officers is not unlimited either
In a precedent-setting case before the Hungarian courts, the lawyers of our firm successfully represented the executive officers of a Hungarian cooperative in a damages action brought by members of the same legal entity. The Budapest Court of Appeal fully agreed with our firm’s legal position, according to which the members / shareholders / creditors […]
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