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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…

Erika Papp.

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…

Erika Papp.

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…

Erika Papp.

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…

Erika Papp.

Proposed changes to the Hungarian Bankruptcy Code

Hungary - May 5 2017 A draft bill on amendment to the Bankruptcy Code (Act XLIX of 1991 on bankruptcy proceedings and liquidation proceedings) was introduced into the…

Erika Papp.