189 result(s) for supreme court
Hungary’s Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
Kúria Reduces Former Budapest District Mayor’s Prison Sentence To One Year
- 2 Jul 2014 9:00 AM
- current affairs
The Kúria, Hungary’s supreme court, on Tuesday reduced the prison sentence of former Socialist Budapest district mayor György Hunvald to 12 months from 18 months for property fraud. The Budapest municipal court of appeals in February 2012 sentenced him in connection with a property scam in the 7th district during his 2003- 2009 term.
Hungary’s Ministry Of Justice Examining Curia’s Foreign Exchange Loans Decision
- 19 Jun 2014 9:00 AM
- property
The Justice Ministry is analysing legislative possibilities in light of the Supreme Court’s legal uniformity ruling on foreign exchange (FX) loans, Minister of Justice László Trócsányi said on 18 June 2014.
Pre -1989 Communist Documents In Hungary To Be Transferred To National Archives
- 12 Jun 2014 6:00 AM
- current affairs
The Institute of Political History (PTI) will have to transfer its 1944-1989 archives to the National Archives as the Kúria, Hungary’s supreme court, has rejected the institute’s appeal against the transfer, according to press reports.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Hungary’s Top Court Rejects Complaint Against Kúria Ruling On Internet Comments
- 29 May 2014 9:00 AM
- current affairs
The Constitutional Court on Wednesday threw out a complaint filed by the Association of Hungarian Content Providers against a ruling by Hungary’s supreme court, the Kúria, concerning derogatory comments made on the internet. The Kúria had earlier ruled against the association, saying that commenters on a website under the association’s control had “overstepped the boundaries of free expression” ...
Hungary’s Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
Kúria Reduces Former Budapest District Mayor’s Prison Sentence To One Year
- 2 Jul 2014 9:00 AM
- current affairs
The Kúria, Hungary’s supreme court, on Tuesday reduced the prison sentence of former Socialist Budapest district mayor György Hunvald to 12 months from 18 months for property fraud. The Budapest municipal court of appeals in February 2012 sentenced him in connection with a property scam in the 7th district during his 2003- 2009 term.
Hungary’s Ministry Of Justice Examining Curia’s Foreign Exchange Loans Decision
- 19 Jun 2014 9:00 AM
- property
The Justice Ministry is analysing legislative possibilities in light of the Supreme Court’s legal uniformity ruling on foreign exchange (FX) loans, Minister of Justice László Trócsányi said on 18 June 2014.
Pre -1989 Communist Documents In Hungary To Be Transferred To National Archives
- 12 Jun 2014 6:00 AM
- current affairs
The Institute of Political History (PTI) will have to transfer its 1944-1989 archives to the National Archives as the Kúria, Hungary’s supreme court, has rejected the institute’s appeal against the transfer, according to press reports.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Hungary’s Top Court Rejects Complaint Against Kúria Ruling On Internet Comments
- 29 May 2014 9:00 AM
- current affairs
The Constitutional Court on Wednesday threw out a complaint filed by the Association of Hungarian Content Providers against a ruling by Hungary’s supreme court, the Kúria, concerning derogatory comments made on the internet. The Kúria had earlier ruled against the association, saying that commenters on a website under the association’s control had “overstepped the boundaries of free expression” ...