Author: publications

What happens if we put the English type trust concept into a civil law jurisdiction? We have witnessed different examples in the Central European countries, like the Czech Republic, Romania, and Hungary. Hungary has recently amended and changed some of its trust rules, aiming to provide for more clarity and a wider scope to use […]

Abstract: The EU beneficial ownership register leaves very little room for maneuver for those who prefer to maintain their privacy in present times. This article discusses the privacy element of the Hungarian Asset Management Foundation (AMF), analyzes the impact of the AMF law on the privacy of the participants in an AMF, and gives an insight […]

This article uses two case studies based on actual client situations to illustrate how irrevocable trusts are excellent structures not only for long-term estate planning but also for protecting assets from potential judgment creditors. First, the article describes very simple strategies that every home or business owner should implement before a creditor claim arises. Second is a brief examination of the legal and practical implications of voidable (fraudulent) transfer laws that […]

There are a multitude of issues that drive a cross-border business transaction: Asset Sale vs. Share Sale, statutory mergers, joint ventures, security for enforcement of representations and warranties, governing law and venue, earn-outs and holdbacks, restrictions on foreign ownership, due diligence, local customs, privacy and many others. Most non-tax considerations are not country specific; they […]