Directors’ liability according to the regulations of the Hungarian Civil Code effective since March 15, 2014, in comparison with the former legislation.
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Establishment of companies in Hungary – limited liability company and private company limited by shares
Limited liability company (Korlátolt Felelősségű Társaság – Kft.) Kft’s are founded with an initial capital consisting of capital contributions of a pre-determined value. The obligation of the members is limited to the provision of their initial capital contribution, and of other contributions set out in the memorandum of association. The…