Articles
Hungary passes new law on preventative restructuring frameworks
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…
Hungary introduces new reorganisation for companies in distress due to pandemic
Hungary - May 5 2021 The Hungarian government has recently introduced a new restructuring tool with the aim of supporting companies suffering from financial difficulties…
Hungary's national bank releases circular on outstanding loans under legislative moratoria
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…
Changes made to Hungary's insolvency code
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…
Hungary temporarily suspends onerous insolvency rules
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…
