INTERNATIONAL ASSET PROTECTION

We emphasise the benefits of managing trusts in Hungary for our international clientele. Assets held in Hungarian trusts enjoy distinct legal status and tax benefits, protected under a framework that includes numerous international treaties and Hungarian laws. This robust legal environment ensures that Hungarian assets are well-protected globally.

• International Investment Treaties: Hungary has established several Bilateral Investment Treaties (BITs) with various countries. These agreements are crucial as they provide robust investment protection, safeguard property rights, and include mechanisms for dispute resolution, ensuring that investments are well-protected under international law.
• European Union Law: As a member state of the European Union, Hungary adheres to EU law, which includes comprehensive regulations that protect investments and harmonise economic activities across member states, enhancing investor security and predictability.
• International treaties: Hungary participates in multiple international organisations and is a signatory to various multilateral treaties like the General Agreement on Trade in Services (GATS). These treaties regulate trade in services and offer significant protections for foreign investments, ensuring fair and equitable treatment in international trade.
• International Court Decisions and Dispute Settlement: Disputes between investors and states are frequently addressed through international dispute settlement bodies such as the International Centre for Settlement of Investment Disputes (ICSID) and the United Nations Conference on Trade and Development (UNCTAD). These institutions provide a formal avenue for resolving disputes, underscoring the protections available to investors.
• Domestic Legislation: Hungarian domestic laws also protect property rights, including those pertaining to foreigners' property acquisition. These laws are consistent with international treaties and principles of international law, offering additional layers of security to investors. This comprehensive legal framework ensures that Hungarian assets, including those managed by foreigners, are securely protected against legal challenges from other states, thereby enhancing investor confidence to act globally.

Together, these layers of legal protection form a solid foundation for safeguarding assets within Hungary, reassuring investors of their security and legal recourse on a global scale.