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Following the progress of reform in Hungary over the last decade, it has emerged as a country firmly resolved to take a place in the world's markets and economic community. Foreign businessmen prospecting in Hungary have discovered and are continuing to discover significant opportunities for business and investment.;The changes that have taken place in the Hungarian legal landscape since the last edition of this text was published in the early 1990s are significant. In addition to the oft-discussed political, social and economic change that swept Eastern Europe in the '90s, Hungary has also become increasingly oriented towards the emerging single European market. This book is meant to give businesses considering Hungary as a site for activities, as well as businesses already operating there, a summary of the commercial legal system governing such business activities. It is intended as a useful guide for practising lawyers and business men.;Emphasis has been placed upon the forms of economic association available to foreigners under Hungarian business law, the regulations that most immediately impact on doing business in Hungary, the most important tax rules for businesses and the methods of dispute resolution available in Hungary.;This book presents the legal situation in Hungary as of 1 June, 1997.