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Foreign companies to become liquidators?

The government plans to issue a decree allowing not only companies based in Hungary, but ones in the European Economic Area and other OECD states to apply to act as bailiffs in liquidation procedures, as long as they have a branch office in Hungary, the draft of the decree published on the website of the Ministry of Justice show.

The government invites applications for companies to become bailiffs in liquidation procedures at least once every seven years.