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Restructuring, Business Transformation & Insolvency

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CMS can help you with restructuring, insolvency and transforming your business. Whether caused by rapid technological developments, consumer preferences, increased success of competitors, tightening of regulation or an overall economic downturn. When businesses experience decreasing revenue and profits it is better to act sooner rather than later. CMS has lawyers based in Hungary to help businesses to reduce risk and make the most of business opportunities both locally within Hungary and across the world.

Business transformation

Business transformation may help you in keeping pace with the latest trends and developments in your sector and allow you to maintain or improve your market position. The ability to react quickly and to be flexible in incorporating changes to how your company operates has never been more imperative. 

Restructuring and protecting your business

You may consider a wide variety of measures to strengthen your (financial) position and protect yourself from the adverse effects of business related issues. Our teams at CMS  based in Hungary can help you assess your options navigate through the legal challenges related to them, be it debt restructuring, corporate optimisation (including the sale of assets), change of business model, employment reorganisation or the review of the agreements with your suppliers and creditors. 

Insolvency

In cases where insolvency is imminent, we also provide support during insolvency itself, benefitting from the experience gained by our insolvency specialists as court-appointed insolvency administrators across the region. Our experience spans all types of corporate restructurings as well as advising debtors and creditors through insolvency proceedings. We also support private equity houses and funds on sales and acquisitions of businesses and non-performing loan portfolios, supporting their investment strategies.

CMS in Hungary

CMS in Budapest is extremely well positioned to handle your restructuring and insolvency matters in Hungary. With a team of 77 dedicated partners and lawyers across corporate, finance, commercial, employment, disputes and real estate practices, we are one of the leading international law firms on the market. Contact our team in Hungary to see how we can help you optimise your business model and stay at the forefront of competition today.
 

Expert Guide to Stabilisation and Restructuring
Hungary
Expert Guide to Restructuring Possibilities in Europe - Hungary

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28/02/2024
Harmonisation of insolvency avoidance rights from the Hungarian perspective
Hungarian insolvency law already knows the concept of avoidance actions. Allowing creditors and liquidators to challenge certain transactions aims to protect the value of the insolvency estate.  Although...
10/01/2024
Harmonisation of insolvency avoidance in Europe
This article continues our Law-Now series "Harmonisation of Insolvency Laws in the EU" in which we provide an overview of the articles addressing insolvency avoidance actions of the draft EU directive.As...
23/08/2022
Restructuring and insolvency law in Hungary
1. What is the primary legislation governing insolvency and restructuring proceedings in your jurisdiction? The Insolvency Code (Act XLIX of 1991) and the European Regulation on Insolvency Proceedings...
Comparable
07/03/2022
EU and UK Sanctions against Russia: a focus on the Financial Sector
In recent days the EU and the UK have adopted and expanded a number of sanctions measures against Russian and Belarusian individuals and companies. This article focuses on restrictive measures directed...
10/09/2021
Act LXIV of 2021 on Restructuring law - what does it mean for the banks...
CMS Budapest is hosting a series of accreditation training events approved by the Hungarian Bar Association as part of the new compulsory accreditation system in Hungary.  Act LXIV of 2021 on Restructuring...
01/06/2021
Some leaks can't be fixed
“Confidential information is like an ice cube... give it to the party who has no refrigerator or will not agree to keep it in one, and by the time of the trial you have just a pool of water.” This...
02/02/2021
EC Consultation on sustainable corporate governance: deadline approaching
Key action point On 26 October 2020, the European Commission launched its public consultation on sustainable corporate governance (Consultation). The Consultation closes on 8 February 2021 and we would...
05/10/2020
Restructuring outside of insolvency proceedings for imminent illiquid companies...
This article has been updated on 18 December 2020. Federal Ministry of Justice and Consumer Protection submits draft bill on preventive restructuring On 18 September 2020, the Federal Ministry of Justice...
22/09/2020
Restructuring & Insolvency series - Bankruptcy procedure
During our webinar we will discuss topics around bankruptcy procedure
18/09/2020
Restructuring & Insolvency series - Liquidation procedure
During our webinar we will discuss topics around liquidation procedure
14/09/2020
CMS Expert Guide to restructuring and insolvency law
Restructurings, especially those involving multiple jurisdictions, are invariably complex matters. This CMS Expert Guide provides an overview of the various restructuring possibilities available in a...
11/09/2020
Restructuring & Insolvency series - Red-flag issues to consider when restructuring...
During our webinar we will discuss topics including red-flag issues to consider when restructuring the financing and the non-regulated restructuring tools