Professional legal background
for businesses
Company law and corporate law are closely related areas that can pose particular challenges for businesses due to the specificities of the way companies operate. We undertake to provide support, including through permanent assignments and long-term partnerships, to help you create a secure business environment. We are at your disposal in the following areas of law:
- company establishment, change registration – When setting up and amending a company, which can range from a simple change of member to a capital increase to a transformation of the company, documents must comply with strict formal and substantive requirements. Our lawyers, with extensive experience in company law, will ensure that you have a smooth process by preparing documents that fully comply with the law.
- transfer of shares – The transfer of shares is a complex transaction related to the registration of changes in companies but it also contains contractual elements in addition to the company law elements. We will help you to conclude the agreement by preparing the necessary documents for the transfer and fully meeting your needs.
- liquidation, winding-up – There are two ways to wind up a business. If the company's owners wish to wind up the company, they must initiate winding-up proceedings, while if the company's creditors initiate winding-up proceedings, liquidation proceedings are initiated. Do not hesitate to ask our partners for help in managing both types of proceedings in a professional manner.
- legality review procedure – A company may not be operating within the limits set by law. In such cases, the company may be subject to a legal supervision procedure to ensure that it is operating lawfully again. Contact our legal experts to ensure that the proceedings are initiated and properly managed.
- company law litigation – Specific disputes relating to company proceedings and the operation of businesses are settled through special litigation procedures. We are at your disposal to ensure that your disputes are resolved in your best interests as far as possible.
- drafting or opinion contracts – The day-to-day economic activity of businesses includes the conclusion of contracts, where it is essential to take into account the interests of the company, as a badly drafted contract can result in financial damage to the company. Our experienced lawyers can help you avoid this, so that your profits are not spent on litigation.
- claims management – It is often the case in the life of a company that it becomes necessary to recover debts. In such cases, an order for payment, enforcement proceedings or litigation may be the solution. Contact our staff with confidence to get your money as soon as possible.
- labour law representation – Labour law covers the settlement of issues between employers and employees. It includes e.g. the professional preparation of documents relating to the creation or termination of employment relationships, the litigation of disputes between employers and employees, and the settlement of employment-related claims. We provide advice and representation to both employees and employers in matters relating to labour law.
Feel free to ask
What company forms are there?
There are currently four ways of setting up a company:
- general partnership
- limited partnership
- limited company (Ltd)
- limited liability company (LLC)
How much share capital is required to start a company?
There is no minimum share capital for limited partnerships and general partnership, which can be established with any amount of share capital. The minimum share capital for a limited company is HUF 3,000,000, while for a private limited liability company it is HUF 5,000,000.
What are the costs of establishing a company?
The cost of establishing a company includes – in addition to the lawyer's fees – the company registration fee and the publication fee. In the case of a private limited liability company, the registration fee is HUF 100,000 and the publication fee is HUF 5,000, while in the case of a general partnership, limited partnership and limited company, these costs are not incurred.
What is the difference between liquidation and bankruptcy?
Liquidation is the process of winding up a company, at the end of which the company ceases to exist. Bankruptcy, on the other hand, is a procedure for settling a company's debts, with the aim of restoring the company's viability and allowing it to continue trading.
How can an employment relationship be terminated?
An employment relationship can be terminated in three ways:
- by mutual agreement – in which case the terms are to be determined by the parties themselves
- ordinary notice of dismissal – in which case you will be given notice and, in the case of dismissal by the employer, severance pay
- immediate termination – in which case there is no notice period and no severance pay