The frameworks of regulations relating to business associations became more flexible with the entry into force of the new Civil Code. The greater freedom inherent in this has obviously limits and these lines may clearly and primarily crystallize on the basis of legal practice being expressed in emerging court decisions. A notable step of this process was the decision made in a specific case of the Budapest Court of Appeal, which primarily gives a guideline in connection with the possible corporate governance model of limited liability companies. - Dr. Attila Penz, the expert of KRS Attorneys at Law called the attention of Origo in the article published on www.origo.hu. The article can be read by clicking on the link: http://www.origo.hu/jog/lakossagi/20160711-krs-kivul-kft-belul-reszvenyt...

The complete article can be downloaded in PDF format by clicking here: