День: 07.11.2017

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 […]

Землевладельцам в Венгрии, заключившим “фиктивные договоры”, грозит до пяти лет лишения свободы и экспроприация. Есть ли выход из этой ситуации?

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 […]

Личная ответственность директоров в случае несостоятельности немецкой компании с ограниченной ответственностью (GmbH) — также распространяется на немецкие акционерные общества (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 […]