Referendum refusal to stand
The supreme court, the Kuria, has rejected a request by opposition Socialist MP Zoltán Gőgös for the National Election Office to once again review the validity of signatures for a[…]
Tagged: Kúria
Kúria: Socialist MP rights infringed
The rights of Socialist lawmaker István Nyakó were infringed when he was prevented in submitting a referendum question to the National Election Office, the Kúria, Hungary’s supreme court, has said[…]
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Court overturns part of homeless decree
The Kúria (supreme court) has ruled that a section of the 2013 municipal decree limiting the use of public spaces by the homeless is in breach of the law. The[…]
Forex law ‘imminent’
The government is set to finalise at its next meeting the law on compensation that bank clients will receive after unilateral changes to their foreign currency loans were declared unfair by courts.
The law will be one in a series of legislation aimed at finding a solution to the problems of troubled forex borrowers, whose repayments soared when the forint fell against[…]
Decision soon on FX car loan holders
The government will decide in autumn whether to include foreign currency-denominated car loans in the forex loan relief scheme, National Economy Minister Mihály Varga has said. The government has maintained[…]
Day of FX reckoning is here for banks
‘Illegitimately collected’ amounts will have to be repaid
The government has submitted to Parliament the new bill aimed at helping foreign exchange loan holders by settling certain issues in contracts signed with the banks in line with the[…]
Spread the FX burden – now that’s fair
Banks were unfair, says the Kúria. The decision of the Kúria was unfair, says the Bank Association. It sure seems that somebody was unfair in this whole foreign currency loan[…]
FX-loan ball in government court after Kúria ruling
Banks call it an unfair decision
The Kúria, Hungary’s supreme court, ruled on Monday that some aspects of contracts for loans denominated in foreign currency were unfair. Shares of OTP Bank rose after the decision. The[…]
Orbán working on forex borrowers, government line-up
The Hungarian government expects to decide on solutions for troubled forex borrowers in autumn, Prime Minister Viktor Orbán has told public television M1. He said a final solution would be[…]
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