{"id":26114,"date":"2018-07-27T10:26:26","date_gmt":"2018-07-27T10:26:26","guid":{"rendered":"https:\/\/visegradlegal.hu\/?p=26114\/"},"modified":"2018-07-27T10:26:26","modified_gmt":"2018-07-27T10:26:26","slug":"supreme-court-hungary-verdict-status-claims-assigned-prior-liquidation","status":"publish","type":"post","link":"https:\/\/visegradlegal.hu\/en\/claim-management\/supreme-court-hungary-verdict-status-claims-assigned-prior-liquidation\/","title":{"rendered":"Supreme Court of Hungary verdict on the status of claims assigned prior to liquidation"},"content":{"rendered":"

During a liquidation procedure claims of SMEs have priority over other (non-secured) claims. In one of its latest decisions, the Supreme Court of Hungary has studied if there is any possibility to change a claim\u2019s position if it was assigned to an SME and the obligor was notified after the liquidation procedure had been ordered.<\/strong><\/p>\n

According to the Act on bankruptcy and liquidation, assigning a claim already registered by the liquidator will not change the sequence of satisfaction of the claims. This way the legislator tries to avoid malicious assignments and misfeasance. Nonetheless, if the assignment was established before the effective day of the liquidation, it may change the position of the claim regardless of the date of receipt of notice or performance order as per the Hungarian Civil Code by the obligor.<\/p>\n

In this particular case, the liquidation procedure was preceded by an unsuccessful bankruptcy procedure in which the non-SME assignor was registered as a creditor and the assignment to an SME assignee was performed between the unsuccessful bankruptcy procedure and the effective day of the liquidation. Because of the assignment was performed before the effective day of the liquidation \u2013 following the literal wording of the act \u2013 we may come to the conclusion that the claim should be qualified pursuant to the status of the assignee.<\/p>\n

But the Supreme Court\u2019s verdict reads that if the liquidation procedure was preceded by an unsuccessful bankruptcy procedure and the assignment was performed during or after the bankruptcy procedure, the assignment cannot lead to a better position of the claim<\/strong>. It is because the assignor creditor was aware of the obligor\u2019s financial status \u2013 he was a creditor in the bankruptcy procedure \u2013 and might have sized up what satisfaction he might be entitled to. Therefore, he is in a similar situation to cases when the assignment is performed after the effective day of the liquidation and this could lead to misfeasance in the liquidation procedure.<\/p>\n","protected":false},"excerpt":{"rendered":"

During a liquidation procedure claims of SMEs have priority over other (non-secured) claims. In one of its latest decisions, the Supreme Court of Hungary has studied if there is any possibility to change a claim\u2019s position if it was assigned to an SME and the obligor was notified after the liquidation procedure had been ordered. […]<\/p>\n","protected":false},"author":1,"featured_media":26065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[34],"tags":[193,192,35,146],"class_list":["post-26114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-claim-management","tag-assignment","tag-bankruptcy","tag-claim","tag-sme"],"yoast_head":"\nSupreme Court of Hungary verdict on the status of claims assigned prior to liquidation - Ill\u00e9s Law Office<\/title>\n<meta name=\"description\" content=\"The Supreme Court of Hungary has studied if there is any possibility to change a claim\u2019s position in a liquidation if it was assigned to an SME.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/visegradlegal.hu\/en\/claim-management\/supreme-court-hungary-verdict-status-claims-assigned-prior-liquidation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supreme Court of Hungary verdict on the status of claims assigned prior to liquidation - Ill\u00e9s Law Office\" \/>\n<meta property=\"og:description\" content=\"The Supreme Court of Hungary has studied if there is any possibility to change a claim\u2019s position in a liquidation if it was assigned to an SME.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/visegradlegal.hu\/en\/claim-management\/supreme-court-hungary-verdict-status-claims-assigned-prior-liquidation\/\" \/>\n<meta property=\"og:site_name\" content=\"Ill\u00e9s&N\u00e9meth Association of Lawyers\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-27T10:26:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/visegradlegal.hu\/wp-content\/uploads\/2018\/07\/credit-squeeze-522549_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"dr. 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