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Reorganisation: a new procedure for rescuing companies in need

Reorganisation: a new procedure for rescuing companies in need

by Ádám Illés, LL.M | Jun 28, 2021 | Claim management

A recent emergency legislation of the Hungarian Government has made it possible for companies facing imminent insolvency to initiate reorganisation procedures until 31 December, 2022 in which they may agree with their creditors on rescheduling their debts even by...
Do we need to prove the receipt of the invoice sent by email?

Do we need to prove the receipt of the invoice sent by email?

by Ádám Illés, LL.M | Mar 31, 2021 | Claim management

The Metropolitan Court of Appeal terminated the liquidation proceedings against a debtor company because the creditor initiating the liquidation did not certify that the invoice sent via e-mail had been received by the debtor. According to the court decision, the...
Insolvency proceedings during the epidemiological preparedness

Insolvency proceedings during the epidemiological preparedness

by Ádám Illés, LL.M | Sep 29, 2020 | Claim management, Coronavirus

The regulations on epidemiological preparedness that came into force after the end of the state of emergency retained the amendments to the legislation on initiating insolvency proceedings aiming to help companies in difficult financial situation. In our article, we...
Extraordinary rules of procedures during the pandemic

Extraordinary rules of procedures during the pandemic

by Ádám Illés, LL.M | Apr 9, 2020 | Claim management, Coronavirus, Litigation

The previously ordered extraordinary court vacation has been lifted and court procedures may continue but personal contacts shall be avoided. A handful of procedures have been adapted to the epidemic. Terms of applying for excuse Concerning all procedures it has been...
Can COVID-19 be deemed as force majeure?

Can COVID-19 be deemed as force majeure?

by Ádám Illés, LL.M | Apr 9, 2020 | Claim management, Coronavirus, Litigation

Many different actors of the economy already talk about invoking force majeure if necessary, as a ground to be exempted from certain obligations, even if just provisionally. The topic is already informally debated by the lawyers, but no standard viewpoint has been met...
Workers’ representative and Labour Inspection Authority to gain more power from January

Workers’ representative and Labour Inspection Authority to gain more power from January

by dr. Illés Ádám | Dec 19, 2018 | Claim management, Követeléskezelés

Certain rules regarding labour safety and labour inspections are going to change on 1st of January. Workers’ representatives gain more power to check safety at work and the Labour Inspection Authority will have more competence during an inspection. Workers’...
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