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Hungary temporarily suspends onerous insolvency rules

03/06/2020

In a bid to assist struggling companies amid the uncertainty brought on by the pandemic, Hungary issued Government Decree No. 249/2020, which amends the Bankruptcy Code and gives companies breathing space while they explore options for rescue. The changes created...

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Authors

Portrait ofErika Papp
Erika Papp
Managing Partner
Budapest
Portrait ofSzabina Soptei
Szabina Soptei
Associate
London