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Hungary passes ordinance recognising force majeure in financing transactions

23/04/2020

On 16 April 2020, the Hungarian government amended the legal framework of force majeure events, allowing the Hungarian Export Credit Insurance Limited Private Company (MEHIB) to provide credit insurance to cover the credit risk of Eximbank arising from the economic...

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Authors

Portrait ofErika Papp
Erika Papp
Managing Partner
Budapest