Publications
The new Hungarian asset management foundation (Trusts & Trustees 2019)
The new Hungarian asset management foundation—a hybrid of a trust and a private foundation—provides an excellent solution to link privacy, asset protection, and tax compliance together. In his article, Dr Menyhei discussess the benefits of these unique wehicles.
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STEP Journal – Hungary for business
In this article Dr Ákos Menyhei and Dr Krisztina Gyepes present a practitioners’ guide to doing business in Hungary.
Link to publication STEP Journal – New ground for the trust concept
Hungary has not yet ratified the Hague Convention on the Law Applicable to Trusts and on their Recognition. However, the Hungarian International Private Law Act recognises trusts as a foreign legal solution and states that foreign regulations should be applied in legal disputes where there is no domestic (Hungarian) solution.
Link to publication The ultimate asset protection vehicle, the amended rules of the Hungarian (Trusts & Trustees 2018)
Hungary has recently amended and changed some of its trust rules, aiming to provide for more clarity and a wider scope to use the trust for estate planning and asset protection. In this article, Dr Menyhei explains the latest developments of the Hungarian trust law and the main asset protection feature of the Hungarian trust.
Link to publication The use of the Hungarian Foundation for asset protection and private purposes (Trusts & Trustees 2017)
In this article, Dr Menyhei explains the possible ways of using the Hungarian foundation for asset protection and private purposes. An account will be given of the advantages and disadvantages of transferring assets into a foundation, as opposed to a company or a trust.
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Introduction of the Trust in Hungary and the International Practice
Introduction of the Trust in Hungary and the International Practice
In the present study, it said the book is essentially a selection of presentations at conferences so far contains edited versions, with the aim that these events should be made knowable to all those interested. The presentation of the book STEP operation of private law, licensing, taxation…
Development of the estate planning industry through the introduction of the trust in Hungary (Trusts&Trustees 2016)
Parallel with the implementation of the trust in Hungary, the complete legal environment was harmonized to conform to the trust rules. The author explains some of the misunderstandings of the continental law trust.
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Business Law in Hungary
Business Law in Hungary is a complete summary work about the most important legal rules and their interpretations in Hungary. It appeals the attentions of foreign lawyers and investors who would like to understand in depth the legal system of an EU country.
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Estate planning in Hungary: private foundation or trust? (Trusts&Trustees 2015)
In 2014, the new Civil Code entered into force in Hungary, providing local legal tools for estate planning. It provides for the option to establish both private foundations and trusts. In this article Dr Menyhei examines these structures.
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Trust management
The handbook summarizes in a complex way all the relevant areas of the legal institution with a full range of regulations and practices and critiques as needed. It describes the specific features of fiduciary management, distinguishes it from legal instruments and forms suitable for a similar purpose, and thus helps to find the most appropriate solution for the given case.
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