Tamás Fehér is a partner with Jalsovszky Law Firm, the Hungarian member of the International Lawyers Network, where he practices tax litigation. In this episode, Lindsay and Tamás discuss the challenges and opportunities of AI and technology, how he came to practice both tax and litigation, and the unique issues that non-native English-speaking countries face in upskilling a modern workforce.
You can listen to the podcast here, or we’ve provided a transcript of the highlights below.Continue Reading Law Firm ILN-telligence Podcast | Tamás Fehér | Jalsovszky Law Firm
A leading Hungarian commercial bank had been offered securities held on a securities account owned by a “Sparverein,” a specific Austrian legal entity similar to a savings club, as collateral for a credit agreement with a separate entity. As the bank was unfamiliar with the corporate form of a Sparverein, and the laws applicable for such entities, it raised several questions and the bank wanted to ensure that its collateral would be valid and enforceable. These questions, among others, related to whether the Sparverein is allowed to offer its funds as collateral in general, and with respect to loans granted to a third party in particular, as well as the enforceability of the security deposit in a liquidation procedure or any other insolvency situation.
