Hungary - June 16 2021
Hungary has passed an Act that implements EU Directive 2019/1023 on preventive restructuring frameworks, the discharge of debt and disqualifications…
Szabina Soptei
Hungary - May 5 2021
The Hungarian government has recently introduced a new restructuring tool with the aim of supporting companies suffering from financial difficulties…
Szabina Soptei
Hungary - January 25 2021
The Hungarian National Bank (MNB) has issued its updated management circular for the treatment of outstanding loans affected by legislative moratoria…
Árpád Lantos
Hungary - July 13 2020
On 1 August 2020, amendments to Act XLIX of 1991 (the Insolvency Code) are scheduled to come into force, which have been designed to promote the…
Szabina Soptei
Hungary - June 3 2020
In a bid to assist struggling companies amid the uncertainty brought on by the pandemic, Hungary issued Government Decree No. 249/2020, which amends…
Szabina Soptei