Buda-Cash liquidator appeals court decision on asset recovery
PSFN, the liquidator of failed independent brokerage Buda-Cash Brokerház, is appealing a court decision on an attempt to recover assets of the brokerageʼs clients from Denmarkʼs Saxo Bank, PSFN said on Friday, according to Hungarian news agency MTI.
The Budapest Municipal Court earlier ruled that it has no legal jurisdiction in the case.
Business daily Világgazdaság said earlier that PSFN is seeking the recovery of some HUF 12 billion in assets from Saxo Bank.
Buda-Cash Brokerház went under liquidation in March 2015.
MNB Gauges Interest in Operating on Hungary Crypto-assets Ma...
Bulgaria's Household Income, Spending Rise 20% in 2023
Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...
Silvanus Hotel Under Reconstruction, Will Reopen in Fall
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
