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Debt Recovery Laws Hungary

April 6, 2021adminLawyers in Riyadh

Hungary’s legal system is indeed pathetic. Costs are generally very high, and procedures are long-lasting. Corruption also plays its role in some cases. Our Hungarian lawyers can prescribe you on the basis of the best legal procedure in your situation.

Order for payment Process

If there is no debate about the invoice, we are dealing with an undisputed claim. In such conditions, an “FMH” procedure can be started. In this procedure, an enforceable title is acquired rapidly and competently. After the court has declared its verdict, our lawyer will immediately use the necessary sources to execute this verdict. If the debtor opposes your claim, more wide-ranging proceedings on the basis of merits will be started.

Civil proceedings

In case if the debtor does not accept your invoice, our lawyers will start ordinary civil proceedings against your defaulter. Qatar debt recovery has its network all around Hungary. We have maintained strong relations with the best associates all across the world. Both parties will then have to present their opinion. Sometimes the judge will decide instantly, while in other cases a proceeding will have to be planned. This is again dependent on the nature of your case, The lawyer will assess which procedure is applicable.

INTERNATIONAL Debt Recovery LAWS

Apart from Hungarian recovery laws, there are numerous European regulations that can be utilized when your Hungarian customer create a dispute in term of reimbursement. In European Union, it is significant that trade between European countries is stimulated. So, complex processes abroad are undesired. Despite normal procedures, there are also two substitute alternative procedures that can be utilized for foreign claims

1.      European Payment Order Procedure 

2.      Small Claims Procedure

Both procedures are comparatively rapid and economical. A general form after filing will be sent to the competent court. If you have not been convinced on anything, this is a typical Hungarian court. The courts then deal with the recovery case and declare a judgment.

The small claims process is only appropriate for small claims up to €5,000. The European Payment Order only applies to undeniable claims.

DISCLAIMER

Saudi Arabia debt collection is online marketing and Referral , forward all inquires to Related Collection law firms and Debt Collection Agencies Within the  Region, SDC do not provide legal opinions or Legal Services. Our List Of legal services provider’s are the most reputed and known for professional Knowledge Legal Services 

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