The law applicable to business associations is now contained in the new Civil Code, along with other institutions of civil law. Notwithstanding the consolidated code, company law continues to have special characteristics which make specialization in this field a must. Most business associations operating in Hungary today are private limited-liability companies (korlátolt felelősségű társaság), with a smaller number operating as limited partnerships (betéti társaság). For both company forms it is paramount to have a clear understanding of the provisions included in the company’s memorandum of association. Furthermore, it is essential to specify the relationship between partners, on the one hand, and individual partners and the company itself, on the other hand, in a manner that is satisfactory for all members and the company alike.

Our law firm offers the following legal services in respect of the above:

– Corporate legal consultancy, company formation, legal representation in the company registration procedure;

– Drafting documents for amending a company’s memorandum of association, legal representation before the court of registry;

– Strategic legal consultancy on the transformation of an existing company structure, considering potential legal consequences in terms of taxation and competition;

– In case of company buyouts: M&A consultancy, performing legal due diligence, drawing up due diligence legal reports, providing data room services;

– Comprehensive legal consultancy for start-ups;

– Legal consultancy for the transformation, merger or demerger of companies, drawing up the relevant documents, legal representation in the procedure itself;

– Corporate legal consultancy regarding the regulations pertaining to affiliated companies;

– In case of cessation of companies drawing up the relevant documents, legal representation in the winding-up procedure.

Should you wish to discuss any corporate or company law matters, please contact: Dr. Mónika Szénássy, attorney at law, szenassy.monika@drkocsis.hu.