News

According to a recent decision of the Curia, the purchase of receivables without license issued by the competent authority may imply the breach of the Credit Institutions Act in cases where more than one receivable is transferred...

The Court of Justice of the European Union (CJEU) in its judgement in Case C‑106/17 (Paweł Hofsoe v LVM Landwirtschaftlicher Versicherungsverein Münster AG) taken on 31 January 2018 interpreted the jurisdiction articles of Regulation (EU) No 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Recast Brussels Regulation)...

The facts of the case are the following: the plaintiff and the first defendant concluded a contract of concession on the development and operation of a casino...

In the case adjudged by the Supreme Court, the defendant bank (hereinafter referred to as the Bank) performed the payment order of the applicant (hereinafter referred to as the Client) in favour of the bank account designated in the payment order...

The Curia of Hungary has taken a new major decision on the possible annulment of the Arbitration Court’s decision...