Act Ban & Karika has helped Germany's Bader Group reorganize within the framework of the cross-border insolvency proceeding of its Hungarian subsidiary.
According to Act Ban & Karika, “the multi-million euro transaction was the first cross-border insolvency proceeding in Hungary, in which a Hungarian company initiated its main reorganizational insolvency proceeding in another member state, but it was also a curiosity in Germany. The reorganization affected the Romanian subsidiary as well, thus the transaction required multinational cooperation of companies and professionals.”
Act Ban & Karika’s team included Managing Partner Marton Karika and Attorney Tibor Nyitrai.
