Foreward by Andrew Chilvers During the past two decades the key nations of Central and Eastern European (CEE) have grown significantly following moves to liberalise their economies. On average Poland, the Czech Republic, Hungary, Bulgaria and Romania, to name a few, increased their per capita GDP by 115% between 2004-2020. Employment was at its lowest […]
Company Formations: A jurisdictional guide to setting up a business
QUESTION ONE – What are the most common structures used when international clients want to form a company in your jurisdiction? Any examples? In business partnerships such as General Partnerships (Kkt.) and Limited Partnerships (Bt.), at least one of the shareholders are personally liable for the debts of the company. They are not very attractive […]
IR member firm Budlegal Buzady & Udvari has announced to broaden its presence on the Hungarian and CEE legal market. The law firm has just moved into its new business premises in the Budapest region with a net area of >300 sqm. In the new business premises, the law firm will be hosting startups from […]
Startups in Hungary / Protection of Business Secrets – Better now, than never!
Startup companies are for this day and age what mergers & acquisitions were for the ‘90s. They became a hot topic for business, popular media, and even private conversations. The keywords of M&As included terms such as “White Knights”, “Golden Parachutes”, “Saturday Night Special”, “Killer bees”, “Godfather offer”, “Poison Pills”, and the (in)famous “Pac-Man”… These […]
Joint Ventures and the new Civil Code – the devil is in the details… – Buzády & Udvari Law Firm
Typically, a Joint Venture (JV) is based on the belief by two partners that they can reach a win-win situation: One of the parties brings its capital and business connections to the marriage; the other provides its labour force, professional-technical know-how, etc. The key to successful cooperation within a Joint Venture is the use of […]
New business opportunities are just arriving – Buzády & Udvari Law Firm
New business opportunities are just arriving.. The new Hungarian Civil Code is offering you new business opportunities.Our common objective is to develop legally sound solutions that serve the interests of our clients and meet their financial and corporate aims. In our efforts, we can always rely on the extensive experience we have gained during over […]
Buzády & Udvari Law Firm joins IR as the exclusive Corporate Law member in Hungary.
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Csongor Buzády of Buzády & Udvari Law Firm. Csongor has joined IR as our exclusive Corporate Law member in Hungary. Dr. Csongor Buzády, LLM (Berlin), a Germany born and raised Hungarian lawyer has been practicing as a lawyer for more than 10 […]
New Hungarian Civil Code / 5 Urban Legends as to Limited Liability Companies
The new Hungarian Civil Code has come into force as of 15 March 2014. The new code regulates the legal affairs of the most popular legal entity, i.e. the Hungarian limited liability company (Kft.) There are news circulating in the internet and in other media exaggerating or even dramatizing particular innovations in the new code. […]
