November 2013 - Kinstellar’s Budapest office hosted a seminar on 21 November 2013 introducing in detail selected sections of the new Hungarian Civil Code, which is scheduled to take effect on 15 March 2014.
Participants included more than 70 general counsel and in-house lawyers from mostly leading multinationals and virtually all major banks with a presence in Hungary, as well as industry associations such as the Hungarian Banking Association and the Association of Hungarian Mortgage Banks.
Four lawyers from Kinstellar’s Budapest office gave presentations. Ákos Nagy, Associate introduced the structure and fundamental principles of the new Civil Code. Gábor Antal, Managing Associate spoke about selected novelties of the commercial sections including the trust concept which is introduced in Hungary by way of the new Civil Code. Dániel Kaszás, Counsel covered the changes related to the law of legal entities with special focus on the new liability environment of executives and shareholders. Edina Schweizer, Managing Associate presented developments related to financing arrangements such as the new security framework set out by the new Civil Code.
The presentations were followed by a lively Q&A session with the speakers.
For more information, please contact Gábor Antal at +36 1 428 4400
+36 1 428 4400, or