Hungary

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When International Investment Arbitration meets Insolvency

Dan Cake S.A is a Portuguese company whose scope of activity is the manufacturing of cakes, cookies, biscuits and toasts. It was incorporated in Portugal in 1979. In 1996 it acquired a capital participation in a Hungarian company that was later renamed D ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:25 - 0 comments - 1 attachment

EIR Recast: Some tiny interesting details...

Tinteresting details in the old-new (recast) cross-border insolvency Regulation 2015/848. I do not want to deal with the big questions, like hybrid, pre- insolvency proceedings, or the insolvency proceedings of members of a group of companies, I only wan ...

Resource Article - twallace@abiwor... - 06/28/2016 - 14:45 - 0 comments - 1 attachment

Hungary Government Could Weigh New Personal Bankruptcy Law

Hungary's government is open to discussions of a new law on personal bankruptcy if the junior governing Christian Democrats propose it to Parliament, Prime Minister Viktor Orban's Chief of Staff Janos Lazar told a press conference on Thursday, ...

Daily Headline - global.abi.org - 05/07/2015 - 21:40 - 0 comments

Hungarian Central Banker Sees Scope for Further Monetary Easing

week cut its main interest rate by 0.15 percentage point to 1.95%, The Wall Street Journal ...

Daily Headline - global.abi.org - 04/02/2015 - 22:17 - 0 comments

Hard Lessons for Borrowers in Hungary

For many people in Central and Eastern Europe, a new experience began a quarter-century ago. Communist governments collapsed, and the wide world of private ownership, democracy and free markets opened up suddenly. It was not always a happy transition, th ...

Daily Headline - global.abi.org - 11/13/2014 - 21:09 - 0 comments

Hungary Ready to Use Forex Reserves to Convert Forex Mortgages

Hungary’s central bank is ready to use part of the country’s foreign-currency reserves to help the government rid households of their costly foreign-currency mortgages, a top central bank official said over the weekend, The Wall Street Journal Emergi ...

Daily Headline - global.abi.org - 09/07/2014 - 20:39 - 0 comments

Hungary's Debt Jumps to Four-Year High

Hungary's gross public debt jumped to a four-year high of 85.1% of gross domestic product at the end of June, central bank data published Monday showed, The Wall Street Journal reported. Gross public debt calculated under the European Union' ...

Daily Headline - global.abi.org - 08/18/2014 - 20:07 - 0 comments

Hungary Extends Eviction Moratorium for Forex Debtors

Hungary’s parliament, in its first decision in the new term, this week passed a bill to extend an eviction moratorium for foreign-currency mortgage debtors, The Wall Street Journal Emerging Europe Real Time blog reported. The moratorium, which also i ...

Daily Headline - global.abi.org - 05/14/2014 - 20:02 - 0 comments

Insolvency In Hungary Not Due To Higher Monthly Instalments

Unemployment remains a key factor behind insolvency in Hungary. In about 3 out of 4 cases, low or nonexistent income is the reason why people in Hungary run up debt, debt collector company Intrum Justitia noted in a survey on insolvency, Portfolio.hu rep ...

Daily Headline - global.abi.org - 04/22/2014 - 20:59 - 0 comments

Hungary May Change Forex Loans Retroactively, Court Rules

Hungary’s top court Monday ruled that lawmakers can adopt legislation allowing retroactive changes to foreign-currency loan contracts, but the changes must take into account the interests of both the borrowers and lenders, The Wall Street Journal Eme ...

Daily Headline - global.abi.org - 03/17/2014 - 21:49 - 0 comments

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