Changed rules of limited partnerships in the Hungarian Civil code-with particular reference to amending the management of a limited partnership

Abstract

The Act XCV of 2021 amending Act V of 2013 on the Civil Code (hereinafter: Civil Code) introduced significant changes concerning business associations in Hungary. In my study, I examine certain amendments affecting limited partnerships, with a particular reference to the rules for the election of a limited partner as managing director and whether the corporate form is shifting from a limited partnership to a capital partnership under the changed provisions.

Keywords

• limited partnership
• general partner
• limited partner
• executive director
• act v of 2013 on the civil code
• dissolution without succession
• the election of a limited partner as managing director
• act xcv of 2021 amending act v of 2013 on the civil code
• additional monetary contributions
• partnerships
• capital mergers