Act CXXXVIII of 2007 on Investment Firms and Commodity Dealers, and on the Regulations Governing their Activities (“Investment Enterprises Act”) includes special provisions for the case of liquidation of investment firms. Under Section 136 of the Investment Enterprises Act, financial instruments deposited by clients with, and registered by, investment firms, the instruments owned by, or due to, the clients, as well as instruments forming the object of commodity market services, kept on the accounts maintained for the clients do not form part of the assets under liquidation, during the course of liquidation of investment firms. The investment firm is obliged to take prompt measures to provide the instruments to the clients regardless of the liquidation proceedings. Dr. Attila Penz, expert of KRS Attorneys-at-Law published an analysis of the issue can be read in PDF format by clicking here: