Is a New World Coming with the Amendment of the Hungarian Insolvency Act?

2020. június 22.


The Hungarian government has proposed an amendment to Act XLIX of 1991 on bankruptcy and liquidation proceedings (Insolvency Act) aiming to modernise the procedural rules of insolvency proceedings, for example by introducing communication via email and video conferences. Gergely Szalóki, partner, Head of Banking & Finance at Schoenherr Hungary sheds light on the key changes. More...