Representation of companies - Dr Hernádi Ügyvédi Iroda

Expertise

Representation of companies

Permanent legal representation of companies and businesses

In the case of long-term engagement of companies and businesses, it is advisable to agree on a monthly flat fee, which includes complex, mutually agreed tasks such as the preparation of payment notices, company proceedings, and contracts, and providing legal representation in employment disputes and litigations.

Generally speaking, a company’s day-to-day operation requires the involvement of a lawyer. In case of a permanent engagement contract, for a fixed monthly flat fee, we can offer the company’s manager(s) practically anything from routine legal work (drafting a payment notice, issuing a payment order) to more serious and advanced legal solutions (e.g., representation in litigation) within the framework of a specific contract.

Through a long-term engagement, our law firm is practically involved in the company’s life, continuously providing legal advice to assist the executives in making the best decisions that are in the company’s best interest.

With a long-term engagement, the company’s executives can save time and energy, as our firm takes on almost 100% of the legal work while taking the burden off your shoulders. In the framework of a long-term engagement, our law firm will conduct a due diligence review not only on your company but also on your business partners to ensure secure transactions. Our firm will provide your company with continuous and detailed legal advice on legal issues within the framework of the long-term engagement. We draft the contracts if needed, and if the business partner drafts the contracts, we review and comment on them, and supplement and revise them in alignment with the client’s interests, and provide him or her with a detailed legal opinion.

With a long-term engagement, your company can save not only time but also costs.

After the initial consultation, we will conduct a due diligence review of your company, check your existing and ongoing transactions, and review your contracts. Subsequently, we prepare a specific engagement contract that details the law firm’s responsibilities as the agent, from which point we maintain continuous contact with the company’s staff to ensure efficient work.

Representation of companies in lawsuits

There are cases when we have no other choice but to pursue our legitimate claims against other companies or individuals in court. The situation is different if your company is the subject of a litigation or other proceeding for the enforcement of an alleged or real claim.

Whether you are on either side, our law firm will represent you, with a main focus on putting you in the best possible position. Our lawyers will assist you in making the best possible decision in the given situation after building a successful litigation strategy.

If any of the above applies to your business, feel free to contact our law firm.

 

Representing companies in a liquidation proceeding

It happens often that despite our expectations, an invoice issued by us is recognized and accepted by the other contracting party, but the payment is not made within the deadline specified in the invoice. In this case, liquidation proceedings can be initiated against the debtor company, which is much faster and more cost-effective than a time-consuming and expensive court proceeding.

In such cases, if the debtor company does not settle its outstanding payments under the appropriate circumstances, and legal conditions, the competent court will order the liquidation of the debtor company, which practically creates a situation where the debtor has no other choice but to settle the debt.

Our experienced lawyers will provide you with the most thorough legal representation. We will screen the debtor company and check its liquidity before recommending the initiation of the liquidation proceeding.

A situation can arise where, following a business decision, it is our company that becomes insolvent. Despite what may seem hopeless at first sight, we have a number of legal and economic options to improve the situation. Our law firm can help your company avoid liquidation as well as minimize losses upon liquidation. In this case, there is significant pressure on the manager, and therefore, it is necessary to seek the advice of an external expert who can take an objective view of the situation. We will develop the necessary strategy to resolve the issue with the help of a tax expert working with the law firm. Such solution may include, for example, restoring the company’s solvency. In this case, a bankruptcy proceeding can be initiated which is significant professional tasks in it preparation and step-by-step organisation.

In the event of bankruptcy or insolvency, especially in light of the newly amended legislation, not only the executive officer (managing director) but also the members of the company may be liable for damages and criminal charges. The lawyers at our firm will assist you in ensuring that your liability does not arise, and if necessary, our expert partners with deep sector knowledge will act in your best interests.

If you are on the creditor’s side and the debtor company has ceased due to litigation, but you still cannot access your claim, the “story” is not over. Several possibilities exist where the former director and former members of the company can be held liable for the debtor company’s debts. Our lawyers will explore the possibilities of how and in what way a claim against the dissolved debtor company can be enforced against its former executive officers and members.