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Modifications Again Relating to the Formal Requirements of Using Witnesses in Hungary

Modifications Again Relating to the Formal Requirements of Using Witnesses in Hungary

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According to the current wording of the Code of the Civil Procedure, a private document, until proven otherwise, must have full probative force, verifying that the issuer has in fact made the statement that the document contains, or undertakes to consider himself bound by such statement, provided that the rules regarding the form of using witnesses is observed.

We have reported in our previous newsletter about the new formal requirements of using witnesses defined by the new Code of the Civil Procedure applicable from 1 January 2018. According to the original wording of the new act, the name and the address of the witnesses should be handwritten under his/her signature and must be readable. However, before the Code of the Civil Procedure entered into force on 1 January 2018, a new modification was approved by the Hungarian Parliament in November 2017 regarding the referred section. The new rules require only the readability of the name and the address of the witnesses, accordingly, the handwriting is not required for the name and the address of the witnesses.

By Rita Parkanyi, Partner, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com