The new Hungarian Civil Code’s stipulations regarding the liability of managing directors have unleashed some heated debate. Our Budapest team has put together a short overview to help you get an initial impression of the most significant changes: Contractual Limitation of Liability The Hungarian rules on business companies permit derogation. Therefore, in cases involving non-contractual liability, parties – the company and the managing director(s) – may, ...
The new Civil Code of Hungary entered into force on March 15, 2014 and introduces many changes including new provisions on the liability of executive officers. The new law extends the liability of corporate executives to include not only liability towards the company (for breach of contract) but also towards third parties (based on liability arising from non-contractual damages). Furthermore, the Code ...
We are delighted to announce that our Budapest Office has moved to a new location to better serve you. You will now find us (as of 24 March 2014) in the reputable XII district of Budapest in a new building designed by the famous Hungarian architect, Kós Károly. Our new address is: Csaba utca 15. 1122 Budapest Hungary Telephone numbers and e-mail addresses remain unchanged.
Specht Böhm Budapest (BM Specht Böhm Ügyvédi Iroda) has assisted the Hungarian management of Brinks Incorporated - the world’s largest cash and valuables logistics company - in a transaction involving the management buy-out of their Hungarian subsidiary. In addition, Specht Böhm provided legal counsel on the subsequent rebranding and restructuring of the new company, TrezEx, now owned and operating under the Hungarian management ...
Chambers and Partners has recognized the Specht Böhm Budapest Office as a top specialist in restructuring and insolvency, and describes the firm as receiving, "glowing praise from market observers" with "quick responses, good communication and multilingual lawyers." For assistance with your Hungarian law matters, contact Gabriella Benisch at: . Link to Chambers Global Based in the United Kingdom, Chambers has been publishing ...
Dr. Gabriella Benisch, partner in the Budapest office, gave a presentation on the history of insurance dispute settlements at the XII. AIDA Budapest Colloquium held last November in Budapest. Following is a short summary of her presentation. Link to Hungarian version. Dr. Benisch reviewed the history of out-of-court settlements of insurance disputes from the complaint submission to the Financial ...
Hungarian AIDA Conference, Budapest, 29-30 November 2012 Dr Gabriella Benisch, partner in the Budapest office, will speak on the history of settlement of insurance disputes at the IXX AIDA Budapest Insurance Colloquium in Budapest being held from 29 – 30 November 2012. Ms. Benisch will discuss different settlement methods and their changes throughout history from the late 19th century till now. The Hungarian ...
ANNOUNCEMENT FROM OUR BUDAPEST OFFICE: We are pleased to announce that we have restructured our Budapest Office as of 1 July 2010. Györgyi Gonda and László Mészáros have joined with Gabriella Benisch to act as equity and managing partners of BGM Specht Law Firm. All the attorneys have years of experience and know-how in international law firms. The other lawyers and colleagues of ...