Significant Amendments Affecting Reorganization and Liquidation Proceedings

As of March 1, 2012, Act XLIX of 1991 on the Reorganization and Liquidation Proceedings (the “Reorganization Act”), has been amended significantly. We summarize some of the most important changes as follows*: 1.Basic changes affecting both reorganization and liquidation...
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Mandatory registration with the chamber of commerce

MANDATORY REGISTRATION WITH THE CHAMBER OF COMMERCE ON OR BEFORE MARCH 1, 2012 OF BUSINESS ORGANIZATIONS WITH REGISTERED SEATS IN HUNGARY As of January 1, 2012, Act CXXI of 1999 on the chambers of commerce has been amended. According to the amendment, business organizations required to register with the Court of Registration...
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