New Economic Regulations in Hungary

New Economic Regulations in Hungary 47 NEW ECONOMIC REGULATIONS IN HUNGARY ANNA HALUSTYIK Associate Researcher, Institute of Legal and Administrative Sciences, Hungarian Academy of Sciences Economic reform regulation in Hungary in the 1980s was accomplished in stages, and its development can be observed not only in time, but also as a pro- cess of gradual improvement, e.g., in the field of company law. The develop- ment in time can be characterized as a slow start in 1981, involving relatively minor structural changes in the field of company law but also introduction of new forms of business organizations, (e.g., the possibility to establish sub- sidiaries and other small ventures in the different economic sectors, etc.); followed by efforts to facilitate access to domestic and foreign markets by means of the establishment of new types of joint foreign/Hungarian ventures, or "mixed companies", and by issuing more economic regulations necessary to ensure continuity in economic operations, (e.g., regulations concerning in- solvency, economic associations, foreign trade, establishing shareholding and limited liability companies, etc.). A significant step forward was the law on public enterprises of 1984, and a series of related regulations which aim at in- troducing more structural changes, making thus the state sector of public enterprises http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Socialist Law (in 1992 continued as Review of Central and East European Law) Brill

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Publisher
Brill
Copyright
© 1988 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
0165-0300
eISSN
1875-2985
D.O.I.
10.1163/187529888X00031
Publisher site
See Article on Publisher Site

Abstract

47 NEW ECONOMIC REGULATIONS IN HUNGARY ANNA HALUSTYIK Associate Researcher, Institute of Legal and Administrative Sciences, Hungarian Academy of Sciences Economic reform regulation in Hungary in the 1980s was accomplished in stages, and its development can be observed not only in time, but also as a pro- cess of gradual improvement, e.g., in the field of company law. The develop- ment in time can be characterized as a slow start in 1981, involving relatively minor structural changes in the field of company law but also introduction of new forms of business organizations, (e.g., the possibility to establish sub- sidiaries and other small ventures in the different economic sectors, etc.); followed by efforts to facilitate access to domestic and foreign markets by means of the establishment of new types of joint foreign/Hungarian ventures, or "mixed companies", and by issuing more economic regulations necessary to ensure continuity in economic operations, (e.g., regulations concerning in- solvency, economic associations, foreign trade, establishing shareholding and limited liability companies, etc.). A significant step forward was the law on public enterprises of 1984, and a series of related regulations which aim at in- troducing more structural changes, making thus the state sector of public enterprises

Journal

Review of Socialist Law (in 1992 continued as Review of Central and East European Law)Brill

Published: Jan 1, 1988

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