Publications
Trust Laws in the Czech Republic and Hungary
We are proud to announce the publication of Trust Laws in the Czech Republic and Hungary, co-authored by Dr Gábor B. Szabó and Dr Ákos Menyhei together with other esteemed colleagues. This landmark book marks a significant milestone as both Czech and Hungarian trusts celebrate their 10th anniversary in 2024.
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Oxford University Press, Trusts&Trustees (2024) – Hungary: Unlocking Wealth—a guide to maximizing benefits with Hungarian Asset Management Foundations (AMFs) for single-family offices
Hungarian AMFs present a unique legal entity that merges trust principles with foundation flexibility. This article by Dr Menyhei explores their evolution and importance in Hungary, emphasizing their role in wealth preservation, asset protection, and estate planning for single-family offices.
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Hungary Offers Alternative Structures To Trusts Beset By Greater Transparency (wealthbriefing.com 2023)
In today’s dynamic landscape, asset protection and privacy are paramount. In his recent article published on wealthbriefing.com, Dr. Menyhei sheds light on the challenges traditional trusts face in safeguarding sensitive information amid evolving privacy legislation.
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“A Bizalmi vagyonkezelés” (Fiduciary asset management) – third, expanded and updated volume
We are pleased to announce that the third edition of “A Bizalmi vagyonkezelés” (Fiduciary asset management) has been published by the ORAC publishing house. This expanded and updated volume is authored by a team that includes two of our managing partners Gábor B. Szabó and Ákos Menyhei and their esteemed colleagues István Illés, Borbála Kolozs and István Sándor.
The new edition encompasses the legislative changes related to trust management that have occurred since the second edition in 2018. Notably, a separate chapter has been dedicated to asset management foundations, which were introduced into the Hungarian legal system in 2019. These foundations represent a distinct form of the asset management profession, governed by new and specific rules, and present promising untapped opportunities.
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International Asset Protection Strategies – How Hungary Offers Unique Solutions (mondaq.com 2023)
The European Union offers a very strong and stable environment for international asset protection purposes, in which solutions available in Hungary provide exceptional protection and privacy for assets; namely trusts, asset management foundations and so-called hybrid trusts.
Link to publication Oxford University Press, Trusts&Trustees (2023) – Taxation of the Hungarian asset management foundation, trust and hybrid trust
How should new legal forms—trusts, asset management foundations and hybrid trusts—be treated and their taxation implemented into an existing tax regime? In this article, Dr Menyhei explains the key issues and significant benefits of the taxation of trusts, AMFs and hybrid trusts, providing answers to these questions.
Link to publication Oxford University Press, Trusts&Trustees (2022) – The impacts of the beneficial owner register on Hungarian asset management foundations, trusts, and hybrid trusts
The article discusses the functioning of the Beneficial Ownership Register in Hungary with a special focus on the Hungarian asset management foundation, the trust, and the hybrid trust. It also analyzes the impact of the Beneficial Ownership Register and Anti-Money Laundering laws on the privacy of the participants in an asset management foundation, trust, or hybrid trust.
Link to publication Oxford University Press, Trusts & Trustees (2021) – Tax benefits of the asset management foundation and trust in Hungary
The tax treatment of the trust, the private foundation and the AMF is based on tax neutrality in Hungary, providing at least an equal and not burdensome treatment of these vehicles compared to any other alternative legal solutions.
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Primus Eco View – Notes on global economy and financial markets (April 2021)
In this document, we share our macro and technical views about global economy and financial markets, and we aim to give some insight to our strategies and methods that we follow during our investment decisions.
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The foundation – a historical, typological, functional, taxation and asset management omnibus
This handbook gives detailed guidance on the regulation of foundations and thus may be recommended for practicing lawyers, businesspersons and individuals engaged in the non-profit sector.
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