These are tough times for Hungary, but with several international firms exiting the country, it’s not all bad news for independents. Paul Evans reports
The International Monetary Fund (IMF) bail-out package to Hungary – amounting to over $25bn (£16bn) worth of support and including an injection of capital to shore up Budapest’s ailing banks -set out unambiguous criteria for stabilising the country’s economy. In response, Hungary’s lawyers are gearing up for a wave of restructuring, insolvency and litigation work, as they seek to service the needs of clients who face a future shrouded in uncertainty.
