Following the progress of reform in Hungary over the last decade, Hungary has emerged as a country firmly resolved to take a place in the world's markets and economic community. Foreign businessmen prospecting in Hungary have discovered and are continuing to discover significant opportunities for business and investment.
Seven years have past since the first edition of Hungarian Business Law was published. The changes that have taken place since that time in the Hungarian legal landscape are significant. In addition to the oft-discussed political, social and economic change that swept Eastern Europe in the last decade, Hungary has also become increasingly oriented towards the emerging single European market.
This book is meant to give businesses considering Hungary as a site for activities, as well as businesses already operating here, a summary of the commercial legal system governing such activities. It is intended as a useful guide for practicing lawyers and businessmen.
Emphasis has been placed upon the forms of economic association available to foreigners under Hungarian business law, the regulations that most immediately impact on doing business in Hungary, the most important tax rules for business and the methods of dispute resolution available in Hungary.
This book presents the legal situation in Hungary as of June 1, 1997.