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Liquidation: Risks and Responsibilities of Representatives

Unfortunately, it is not rare that a company becomes insolvent and goes into liquidation. In such cases, it often happens that creditors’ claims are not satisfied.💸 Can the representatives be held liable? If certain conditions are met, yes. ⚖️ Based… MORE

Trust-ok Magyarországon: A bizalmi vagyonkezelés jogi és adózási áttekintése

A magyar jogrendben a bizalmi vagyonkezelés az az intézmény, amely leginkább megfeleltethető az angolszász „trust” fogalmának. Noha a magyar polgári jog nem ismeri el hivatalosan a trust-ot, ez a struktúra lehetővé teszi, hogy a vagyonrendelő a vagyont a vagyonkezelőre ruházza… MORE

Trusts in Hungary: Legal and Tax Overview of Fiduciary Asset Management

Fiduciary asset management in Hungary serves as the closest equivalent to the Anglo-American concept of a trust. While Hungary does not formally recognize trusts under its civil law system, this legal structure allows a settlor to transfer ownership of assets… MORE

Judgment on Airline Passenger Compensation in Hungary

Recently in Hungary, a regional court stated that the consumer protection authority has general competence to deal with complaints about breaches of the EU Regulation regarding passenger compensation (e.g., it could impose a fine on airlines for not paying compensation)… MORE

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