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Act Ban & Karika Attorneys Helps Bader Group Reorganize

Act Ban & Karika Attorneys Helps Bader Group Reorganize

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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.


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