Máté Pétervári

The First World War and the Trianon Treaty shocked the Hungarian economy. The Hungarian government implemented a payment moratorium from the start of the war, but after a one-year long moratorium, the government wanted to restore the working of the economy. But it desired to avoid the massive bankruptcies of the firms; therefore, a new institution, the compulsory non-bankruptcy settlement was introduced by the government in Hungary for helping the debtors. In my paper, I examine the rearrangement of the insolvency law in the interwar period which was generated by the compulsory nonbankruptcy settlement. This appeared beside the bankruptcy procedure, which regulation was passed by the National Assembly in 1881. It was the second Hungarian bankruptcy act, which remained unchanged until socialism. These two procedures were the significant elements of the insolvency law in the examined period. In my paper, I present the circumstances of the new institution’s introduction, its modification and its relation to the bankruptcy procedure.

FINANSOWANIE

The project ‘Continuity and Discontinuity of Pre-war Legal Systems in Post-war Successor States (1918–1939)’is co-financed by the Governments of Czechia, Hungary, Poland and Slovakia through Visegrad Grants from International Visegrad Fund. The mission of the fund is to advance ideas for sustainable regional cooperation in Central Europe. Visegrad Grant No. 22030159.

2018 was a productive and successful year for the study of Hungarian Legal History because among Hungarian legal historians, or foreign historians working in Hungary, there were awarded one D.Sc. degree, one habilitation, and three PhD degrees, along with the publication of 17 books dealing with issues in the sphere of Hungarian legal history. I focused strictly on the scholars and departments of Hungarian and European Legal History, to the exclusion of scholars and departments of Roman Law. This report also reviews scholarly works in legal history published in Hungary, as well as important legal history conferences held in Hungary.