Pursuant to the amendments to the Civil Code of Hungary to take effect as of 1 July, the rules governing the settlement of pecuniary debts and default interest shall be altered and expectedly, the legal disputes arising due to the deficiencies of the previous regulations will be avoidable – calls the attention the expert of Kovács Réti Szegheő. Under such new provisions, whenever the parties have not determined the settlement date for pecuniary debts, such pecuniary debts shall be settled within 30 days upon receipt of the creditor’s demand letter or invoice, Dr. Mónika Kapetz points out in the article published in the annex to the business column of www.origo.hu portal. The article can be accessed through the following link: http://www.origo.hu/jog/uzleti/20130629-napokon-belul-megvaltoznak-a-pen...

The English version of the article can be read in PDF format here:

PDF icon rules_applicable_for_pecuniary_debt_and_default_interest_shall_be_modified_within_days.pdf

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Capital Services

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