The System of Legal Security Interests Securing Loans in Hungary – A Practical Guide for Lenders (Part I)
In the first and second parts of this three-part series, we describe the main components of the Hungarian security interest system, while the third part addresses the key issues of enforcement in practice. Throughout the series, we adopt a practice-oriented approach and place particular emphasis on decisions of the Hungarian Supreme Court (Kúria) that are authoritative in the application of security interests, security deposits and other collateral arrangements.
