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New Particular Agreements in the New Hungarian Civil Code

  • Balázs TőkeyEmail author
Chapter
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Part of the Ius Gentium: Comparative Perspectives on Law and Justice book series (IUSGENT, volume 63)

Abstract

The new Hungarian Civil Code incorporates some new particular agreements in Book 6 (Law of Obligations) Part 3 (Particular Agreements). This article reports on four of these newly incorporated particular agreements: the intermediary agreement, the (bank) guarantee, the health insurance contract and trusts. The new Hungarian Civil Code re-implements the private law rules of Council Directive 86/653/EEC among the norms of the commercial agency agreement, which is a special intermediary agreement. According to the new regulations, the (bank) guarantee is a collateral contract and not just a collateral commitment for securing contracts as it was before. The structure of the regulation of insurance agreements has been reviewed by the legislator and the health insurance contract is regulated in a separate chapter after the chapter on indemnity insurance and the chapter on insurance of fixed sums. Trusts, which were previously unknown in Hungarian law, have been incorporated by the new Hungarian Civil Code to offer a new option for property management but they can help to realise other economic or legal aims, too.

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Civil Law DepartmentELTE Eötvös Loránd UniversityBudapestHungary

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