Appellate court postpones ruling on UCB Ingatlanhitel case

Competition

The Budapest Municipal Court of Appeals on Monday postponed until December 12 a ruling on a contract defense case involving UCB Ingatlanhitel. In October, the appellate court overturned a first-instance ruling in the case because of the violation of procedural rules and ordered a retrial.

In a first-instance ruling delivered on November 4, the court partially accepted UCB Ingatlanhitel's contract defense.

UCB Ingatlanhitel was among many lenders that defended their practice of making unilateral changes to contracts after the practice was outlawed by borrowers' relief legislation approved in the summer.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.