Corporate and Business Law
Thinking about forming a company? Our expertise ensures that you can focus on realizing your ideas instead of navigating the maze of law and administration!
Already have a company? Reach out to us for legal questions concerning your operation; you will be in the best hands with us!
Company formation
With our assistance, setting up a company is a breeze!
What does the process look like? After contacting us and signing the relevant documents, the documents are submitted, and the company is registered. Subsequently, only a few necessary steps need to be taken.
Our lawyers will guide you through every step, prepare the documents, and ensure that everything is established in compliance with the law!
Amendment notification
It can happen at any time that there is a change to our data or a major data change may be required, and we can easily get lost in the related administration.
Such matters are part of our daily routine. We provide expert assistance to ensure that everything proceeds as smoothly as possible, allowing you to focus on your business in the meantime!
Representation in judicial oversight proceeding
In certain cases, you may need representation in judicial oversight proceedings.
Usually, this is necessary after the Court of Registration issues a warning about legal consequences and identifies legal violations, prompting the company to either make a statement about what is contained in the request or in the ruling or to remedy the unlawful state of affairs.
It can often be quite difficult to navigate the maze of laws and regulations; therefore, we help you with this, so it will not cause any problems for you! Our law firm can effectively assist you in identifying the problems, pinpointing them, and working out a solution to ensure that the process is as swift and discreet as possible, without disrupting your day-to-day business.
Consulting
Our experts provide professional consultation, whether it is about an organizational transformation or an examination of your company’s entire document archive. Your company’s hierarchy, policies, and contracts are in good hands with us!
The main areas covered by our consultations are:
- Clarification and development of internal procedural rules and organizational and operational regulations
- Assessment and reconstruction of companies’ internal structures
- Review of contracts for companies and suggestions for necessary modifications
Winding-up and lawsuits related to companies
A dissolution, although at first glance one might think of it as one of the simplest and less problematic winding-up procedures, can in many cases become a protracted administrative and legal maze, nerve-wracking for both the company and its suppliers. In addition, many dissolutions are not successful and instead turn into liquidation proceedings.
Our colleagues will guide you through the process, serving your interests throughout. Our primary goal is to ensure that the process is as quick and efficient as possible, ensuring that you can focus on the future.
Bankruptcy and liquidation proceedings
A situation may occur where a company falls into liquidation or bankruptcy protection. Whether you are on either side (as debtor or creditor), you can count on us in any situation!
Bankruptcy or liquidation proceedings can often turn into long and complicated procedures.
Save yourself from unnecessary stress and bureaucratic tasks, and let us guide you through the process. Our colleagues will accompany you through every step from the beginning to the end of the procedure, always keeping your interest at heart.
Company due diligence
Based on our experience, if our client intends to buy a share or a stake in a company to achieve investment or other business goals, our law firm, in addition to having the knowledge to prepare the relevant documents, preempts this by carrying out due diligence on the target company.
If you are planning to enter into a long-term contractual relationship with a new partner or are involved in any other transaction, it is also advisable to have the appropriate analysis performed with the help of our experienced lawyers.
Our firm undertakes to prepare a detailed legal report on the financial situation of the given company and a risk analysis, which will help our clients decide whether to conclude the legal transaction or not.
In the framework of the aforementioned activity, we review the company’s documents, contracts, and transactions in cooperation with an auditor.
Crisis and bankruptcy management
There may be an economic situation in a company’s life where payment difficulties arise. In such
cases, the situation of the company may become unstable, which may have a number of negative
consequences. In this case, there are still a number of options available to the company, but it is
necessary to recognize this situation, and subsequently, the necessary steps must be taken in time. Our lawyers have extensive experience in bankruptcy management.
For companies facing financial difficulties, we prepare reorganization and refinancing plans in cooperation with economic experts. We offer comprehensive advice to our clients regarding the company’s restructuring, including financing as well. In such cases, in addition to bankruptcy issues, corporate law, tax law, and employment law questions often arise. Schedule an appointment; our experienced lawyers are at your disposal!
Transformation
As time goes by, our company grows and generates profits and income. In this case, it may become necessary to change the legal form of the company, if justified. The main reasons for this are to make the liability of the members or the managing director more favorable or taxation matters. Transformation can involve a change from a limited partnership (“Betéti Társaság”), a general partnership (“Közkereseti Társaság”) to a limited liability company (“Korlátolt Felelősségű Társaság”), a limited liability partnership to a private company limited by shares (“Zártkörűen Működő Részvénytársaság”).
Transformation is a complex and complicated procedure. Our lawyers can provide a solution to the maze of the procedures and are familiar with the administration and the requirements laid down by law.
Mergers and divisions are similar procedures. In the case of a merger, two separate companies continue their activities as one entity for the right business and economic reasons and interests.
In the case of a division, a given company continues its activities as multiple separate legal entities.
General terms and conditions (GTC)
General terms and conditions are contractual provisions, terms and conditions that are unilaterally determined by the issuer of the GTC. Our law firm undertakes to prepare general terms and conditions for you or your company, harmonized with the company’s activities and the transactions to be concluded. Of course, these must comply with the relevant laws and also meet the requirements of acceptance by the other party.
Our firm will draft your general terms and conditions with due attention and professional precision, while paying close attention to the details.
Establishing optimal organizational structures
It used to be a popular practice for offshore companies registered in tax havens to own domestically incorporated companies. In view of the recent international, European, and, not least, domestic practices, we do not recommend the establishment of offshore company networks. Not only the tax authorities, but also business partners, immediately become suspicious when they learn about the offshore element.
In the case of a successful, profitable company, the company takes on the risk, and makes investments, and functions as a kind of “flagship” entity.
Instead of offshore companies, we recommend creating domestic or at least European Union- based company combinations, where our team of lawyers will be at your disposal. When your company operates with a significant profit, it is advisable to establish additional companies for the implementation of specific projects. This prevents the flagship entity from making a loss on a potentially less successful transaction. For a company structure to work properly, a number of factors need to be taken into account, including affiliates.
Domestic, legally operating, secure company networks can be established with our lawyer’s help. Contact us with confidence!
Selling a company, buying a company
It has become common for our law firm to be instructed by old and new clients to provide legal representation in business quota (“Üzletrész”) transfers. Our firm has many years of experience in providing professional, prompt and accurate administration of business quota transfers.
Our colleagues will assist you in drafting the documents and verify the target company to be bought or sold through a dedicated system, so the parties feel secure about the transaction.
Contact us!
Resolution of intra-company disputes
After several years of successful business, it can happen that the interests of former business partners do not alight for various reasons. In such situations, the parties are tense with each other after a conflict of interest or even after making or not making a business decision.
This situation must be resolved. Various legal solutions exist for settling such disputes. Typically, the emergence of such a conflict automatically results in a loss of trust between the company owners, and therefore, working together becomes infeasible in the future.
Several methods are available to resolve conflicts. For this purpose, our office can facilitate a shareholder’s meeting, and it is also possible to compel the opposing party to transfer their business shares. The success of this all depends on the content of the articles of association. In many cases, the solution may seem impossible; choosing the right negotiating tactics or initiating proper procedures (e.g., lawsuit for exclusion of a shareholder) can lead to startling results. To choose a tactic, it is necessary to have a detailed understanding of the circumstances influencing the outcome of the dispute.
Winding up a company
Various factors can justify the decision to wind-up a company. Retirement, the company won’t be able to operate in the future, or there is no one to take over the business. In these cases, the owners no longer run the business; it no longer generates income, and maintaining it results in unnecessary additional costs.
The method for this is dissolution. It can take place if the company is not insolvent and there are no pending proceedings against the company, including tax or regulatory actions, court actions or enforcement proceedings.
The dissolution of a company is a complex process; however, in this case, we wind up the company by summarizing its history, avoiding any inconvenience.
Our colleagues possess the necessary expertise and experience to successfully wind up the company, while prioritizing the goal specified in the assignment.
Online company registration and change registrations
As mentioned above, our law firm aims to preserve the traditional values of the legal profession while adapting to the advancements of the modern era.
By contacting our law firm, our clients can incorporate their company within a few days without the need to visit our office in person. All you need to do is fill out the electronic form below and make an appointment with one of our colleagues to discuss the details.
If you would like to use this service, please request an appointment or call our law firm via Skype, where our lawyers are available for a video chat.
Our office can be contacted by video conference at dr.hernadilawfirm
