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 Danesita, whose scope was also the manufacturing of cakes, cookies, biscuits and toasts for Eastern European countries.
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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 want to draw your attention to some “tiny” differences between the old and the recast Regulation.
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Article 5 of EIR: More answers and questions

There are very few known cases about the practice of Art 5 of EC Insolvency Regulation (1346/2000). In Hungary there is a case related to Art 5, in which the European Court of Justice (ECJ) has made a preliminary judgment (C-527/10).
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IP Qualifications Profiles January 2011 - Hungary

Appointment The government assigns those who can be selected as liquidators by decree. The government invites applications for the entrance on the list of names of liquidators every year. Liquidations can be conducted by companies that have been entered on the list by application. A liquidator is appointed to conduct the liquidation process and the office-holders name and address have to be announced to the court. The liquidator is entitled to proceed at every court of the country. Qualifications According to regulations (167/1993 (XI.
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IP Qualifications Profiles January 2011 - Hungary

Appointment The government assigns those who can be selected as liquidators by decree. The government invites applications for the entrance on the list of names of liquidators every year. Liquidations can be conducted by companies that have been entered on the list by application. A liquidator is appointed to conduct the liquidation process and the office-holders name and address have to be announced to the court. The liquidator is entitled to proceed at every court of the country. Qualifications According to regulations (167/1993 (XI.
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Protecting Investments in Challenging Environments: A Guide for Clients prepared by the Salans Global Corporate Group

Welcome to the fifth edition of this publication which has been compiled by the Salans Global Corporate Group comprising experienced lawyers from each of our 22 offices. Previous editions have dealt with: the establishment of companies and partnerships in key jurisdictions; the use of warranties in international acquisitions; the issue and transfer of securities in key jurisdictions;and governmental approvals and third party consents in corporate transactions.
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