{"id":5116,"date":"2025-01-23T11:14:39","date_gmt":"2025-01-23T10:14:39","guid":{"rendered":"https:\/\/blogs.dlapiper.com\/advocatus\/?p=5116"},"modified":"2025-04-03T08:25:52","modified_gmt":"2025-04-03T06:25:52","slug":"wi-biztositas-a-szavatossagi-biztositas-alapjai-i-resz-ismeretlen-kockazatok-kezelese-ma-ugyletekben","status":"publish","type":"post","link":"https:\/\/blogs.dlapiper.com\/advocatus\/2025\/01\/wi-biztositas-a-szavatossagi-biztositas-alapjai-i-resz-ismeretlen-kockazatok-kezelese-ma-ugyletekben\/","title":{"rendered":"W&amp;I biztos\u00edt\u00e1s: a szavatoss\u00e1gi biztos\u00edt\u00e1s alapjai I. r\u00e9sz \u2013 ismeretlen kock\u00e1zatok kezel\u00e9se M&amp;A \u00fcgyletekben"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5116\" class=\"elementor elementor-5116\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-190434f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"190434f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-621100a\" data-id=\"621100a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a5f560 elementor-widget elementor-widget-spacer\" data-id=\"7a5f560\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-91fc49d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91fc49d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bbf36e7\" data-id=\"bbf36e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f4d1ee elementor-widget elementor-widget-text-editor\" data-id=\"2f4d1ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong>Az M&amp;A \u00fcgyletek sor\u00e1n kiemelt szerepe van a c\u00e9lt\u00e1rsas\u00e1ggal kapcsolatos inform\u00e1ci\u00f3k ismeret\u00e9nek \u00e9s a kapcsol\u00f3d\u00f3 kock\u00e1zatok felek k\u00f6z\u00f6tti megoszt\u00e1s\u00e1nak. A c\u00e9lt\u00e1rsas\u00e1ggal kapcsolatos ismeretlen, azaz sem az elad\u00f3, sem a vev\u0151 \u00e1ltal nem ismert kock\u00e1zatok felek k\u00f6z\u00f6tti megoszt\u00e1s\u00e1nak alternat\u00edv\u00e1ja lehet azok biztos\u00edt\u00f3 \u00e1ltali \u00e1tv\u00e1llal\u00e1sa W&amp;I biztos\u00edt\u00e1s keret\u00e9ben. Az al\u00e1bbiakban az ismeretlen kock\u00e1zatok \u00e9s a W&amp;I biztos\u00edt\u00e1s \u00f6sszef\u00fcgg\u00e9seit mutatjuk be Szkiba Tam\u00e1s, a DLA Piper szenior M&amp;A \u00fcgyv\u00e9dje \u00e9s Schnopper Anton, az Aon tranzakci\u00f3s biztos\u00edt\u00e1si tan\u00e1csad\u00f3ja k\u00f6zrem\u0171k\u00f6d\u00e9s\u00e9vel.<\/strong><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d4dd88f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d4dd88f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cdfd12c\" data-id=\"cdfd12c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a68f09 elementor-widget elementor-widget-text-editor\" data-id=\"6a68f09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong>A c\u00e9lt\u00e1rsas\u00e1ggal kapcsolatos inform\u00e1ci\u00f3k kiemelt szerepe M&amp;A \u00fcgyletekben<\/strong><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26de8cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26de8cf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d4ab7d3\" data-id=\"d4ab7d3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-751b8cf elementor-widget elementor-widget-text-editor\" data-id=\"751b8cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>M&amp;A \u00fcgyletek sor\u00e1n a vev\u0151 arra t\u00f6rekszik, hogy a tranzakci\u00f3 t\u00e1rgy\u00e1t k\u00e9pez\u0151 c\u00e9lt\u00e1rsas\u00e1gr\u00f3l valamennyi sz\u00e1m\u00e1ra relev\u00e1ns inform\u00e1ci\u00f3t megismerjen, k\u00fcl\u00f6n\u00f6sen a c\u00e9lt\u00e1rsas\u00e1ggal kapcsolatos kock\u00e1zatokat. A vev\u0151 ugyanis csak ezek birtok\u00e1ban k\u00e9pes megalapozott d\u00f6nt\u00e9st hozni arr\u00f3l, hogy meg k\u00edv\u00e1nja-e k\u00f6tni az \u00fcgyletet, \u00e9s ha igen, akkor milyen felt\u00e9telekkel \u00e9s v\u00e9tel\u00e1r mellett. A felek k\u00f6z\u00fcl az \u00fcgylet megk\u00f6t\u00e9s\u00e9t megel\u0151z\u0151en jellemz\u0151en az elad\u00f3 rendelkezik t\u00f6bb inform\u00e1ci\u00f3val, mert tulajdonosk\u00e9nt m\u00e9g ha nem is teljes, de a vev\u0151n\u00e9l mindenk\u00e9pp nagyobb r\u00e1l\u00e1t\u00e1ssal b\u00edr a t\u00e1rsas\u00e1g m\u0171k\u00f6d\u00e9s\u00e9re.<\/p><p>A fenti inform\u00e1ci\u00f3s aszimmetria kik\u00fcsz\u00f6b\u00f6l\u00e9s\u00e9t, valamint ehhez kapcsol\u00f3d\u00f3an az elad\u00f3 felel\u0151ss\u00e9g\u00e9nek korl\u00e1toz\u00e1s\u00e1t hivatott biztos\u00edtani az M&amp;A folyamat sor\u00e1n a c\u00e9lt\u00e1rsas\u00e1g \u00e1tvil\u00e1g\u00edt\u00e1sa. Noha el\u0151fordul az elad\u00f3 \u00e1ltal lefolytatott \u00e1tvil\u00e1g\u00edt\u00e1s is (\u00fan. vendor due diligence), m\u00e9gis a vev\u0151i \u00e1tvil\u00e1g\u00edt\u00e1s tekinthet\u0151 tipikusnak, \u00edgy a c\u00e9lt\u00e1rsas\u00e1ggal kapcsolatos kock\u00e1zatokat \u00e1ltal\u00e1ban a vev\u0151 der\u00edti ki \u00e9s teszi a t\u00e1rgyal\u00e1si folyamat r\u00e9sz\u00e9v\u00e9.<\/p><p>M\u00e9g egy t\u00f6k\u00e9letes vev\u0151i vagy elad\u00f3i \u00e1tvil\u00e1g\u00edt\u00e1s sem k\u00e9pes azonban a c\u00e9lt\u00e1rsas\u00e1ggal kapcsolatos kock\u00e1zatok teljes k\u00f6r\u0171 felt\u00e1r\u00e1s\u00e1ra. Ez m\u00e9g abban az ide\u00e1ltipikus helyzetben is igaz, amikor az elad\u00f3 j\u00f3hiszem\u0171en elj\u00e1rva valamennyi a vev\u0151 \u00e1ltal k\u00e9rt, tov\u00e1bb\u00e1 az elad\u00f3 \u00e1ltal relev\u00e1nsnak tartott inform\u00e1ci\u00f3t \u00e1tad a vev\u0151 r\u00e9sz\u00e9re. \u00cdgy sz\u00fcks\u00e9gk\u00e9ppen lesznek olyan kock\u00e1zatok, amelyekr\u0151l egyik f\u00e9l sem tud. Ezeknek az \u00fan. ismeretlen kock\u00e1zatoknak felek k\u00f6z\u00f6tti megoszt\u00e1s\u00e1ra hagyom\u00e1nyosan az \u00fcgylettel kapcsolatos \u00fczletr\u00e9sz\/r\u00e9szv\u00e9ny ad\u00e1sv\u00e9teli szerz\u0151d\u00e9sben (SPA) ker\u00fcl sor.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20be2ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20be2ec\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8dde45b\" data-id=\"8dde45b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2403e88 elementor-widget elementor-widget-text-editor\" data-id=\"2403e88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong>Ismeretlen kock\u00e1zatok kezel\u00e9se az SPA-ban<\/strong><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-56a62c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"56a62c9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18392ad\" data-id=\"18392ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f4f59ac elementor-widget elementor-widget-text-editor\" data-id=\"f4f59ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Az ismeretlen kock\u00e1zatok felek k\u00f6z\u00f6tti megoszt\u00e1s\u00e1nak tipikus jogi eszk\u00f6ze az elad\u00f3 \u00e1ltal az SPA-ban v\u00e1llalt szavatoss\u00e1gi nyilatkozatok (angolul: warranties). Ezek l\u00e9nyeg\u00fcket tekintve a c\u00e9lt\u00e1rsas\u00e1gra vonatkoz\u00f3 t\u00e9nybeli \u00e1ll\u00edt\u00e1sok, amelyek jellemz\u0151en az \u00fcgylet megk\u00f6t\u00e9s\u00e9nek \u00e9s z\u00e1r\u00e1s\u00e1nak id\u0151pontj\u00e1ban ker\u00fclnek megt\u00e9telre \u00e9s a c\u00e9lt\u00e1rsas\u00e1g ezen referencia id\u0151pontok szerinti \u00e1llapot\u00e1ra vonatkoznak. <em>P\u00e9ld\u00e1ul: az ad\u00e1sv\u00e9tel t\u00e1rgy\u00e1t k\u00e9pez\u0151 \u00fczletr\u00e9sz tehermentes; a c\u00e9lt\u00e1rsas\u00e1g l\u00e9nyeges szerz\u0151d\u00e9sei \u00e9rv\u00e9nyesek, azokat a szerz\u0151d\u00e9ses partnerek nem mondt\u00e1k fel; a c\u00e9lt\u00e1rsas\u00e1g rendelkezik a jogszab\u00e1lyok \u00e1ltal el\u0151\u00edrt valamennyi l\u00e9nyeges enged\u00e9llyel.<\/em><\/p><p>Ha ut\u00f3lag beigazol\u00f3dik, hogy a szavatoss\u00e1gi nyilatkozatok valamelyike nem volt igaz (pl.: a c\u00e9lt\u00e1rsas\u00e1g egyik szerz\u0151d\u00e9ses partnere kor\u00e1bban felmondta a c\u00e9lt\u00e1rsas\u00e1g egyik l\u00e9nyeges szerz\u0151d\u00e9s\u00e9t), akkor az elad\u00f3 k\u00f6teles megt\u00e9r\u00edteni a vev\u0151t ezzel kapcsolatban \u00e9rt k\u00e1rt, illetve \u00e9rt\u00e9kcs\u00f6kken\u00e9st, f\u00fcggetlen\u00fcl att\u00f3l, hogy az elad\u00f3 tudott-e a szavatoss\u00e1gi nyilatkozat val\u00f3tlans\u00e1g\u00e1r\u00f3l vagy sem. Az SPA azonban tipikusan \u00fagy rendelkezik, hogy az elad\u00f3 mentes\u00fcl ezen felel\u0151ss\u00e9g al\u00f3l, ha a szavatoss\u00e1gs\u00e9rt\u00e9s alapj\u00e1t k\u00e9pez\u0151 inform\u00e1ci\u00f3t az \u00e1tvil\u00e1g\u00edt\u00e1s keret\u00e9ben felt\u00e1rta a vev\u0151 r\u00e9sz\u00e9re, azaz, ha a vev\u0151 megismerte, vagy elv\u00e1rhat\u00f3 gondoss\u00e1g mellett megismerhette volna ezen k\u00f6r\u00fclm\u00e9nyeket. <em>A fenti p\u00e9ld\u00e1n\u00e1l maradva: ha az elad\u00f3 a szerz\u0151d\u00e9ses partner felmond\u00f3 nyilatkozat\u00e1t az SPA al\u00e1\u00edr\u00e1s\u00e1t megel\u0151z\u0151en \u00e1tadta a vev\u0151 r\u00e9sz\u00e9re. <\/em><\/p><p>El\u0151fordul azonban, hogy a szavatoss\u00e1gi nyilatkozat ut\u00f3bb nem bizonyul helyt\u00e1ll\u00f3nak \u00fagy, hogy az alapul fekv\u0151 k\u00f6r\u00fclm\u00e9nyr\u0151l maga az elad\u00f3 sem tudott, \u00edgy err\u0151l nem is t\u00e1j\u00e9koztathatta el\u0151zetesen a vev\u0151t (mentes\u00fclve ez\u00e1ltal a szavatoss\u00e1gs\u00e9rt\u00e9s k\u00f6vetkezm\u00e9nyei al\u00f3l). <em>P\u00e9ld\u00e1ul, ha az elad\u00f3 nem tudott r\u00f3la, hogy a c\u00e9lt\u00e1rsas\u00e1g egy kiemelt szerz\u0151d\u00e9ses partnere kor\u00e1bban felmondta a c\u00e9lt\u00e1rsas\u00e1g egy l\u00e9nyeges bev\u00e9telt gener\u00e1l\u00f3 szerz\u0151d\u00e9s\u00e9t (ez\u00e1ltal a c\u00e9lt\u00e1rsas\u00e1g \u00e9rt\u00e9k\u00e9nek jelent\u0151s cs\u00f6kken\u00e9s\u00e9t okozva), \u00e9s ekk\u00e9nt a vev\u0151t sem t\u00e1j\u00e9koztatta err\u0151l, az elad\u00f3 k\u00f6teles lesz a vev\u0151 r\u00e9sz\u00e9re k\u00e1rt\u00e9r\u00edt\u00e9sk\u00e9nt visszafizetni a kapott v\u00e9tel\u00e1r egy r\u00e9sz\u00e9t, ha azt szavatolta az SPA-ban, hogy a c\u00e9lt\u00e1rsas\u00e1g egyetlen l\u00e9nyeges szerz\u0151d\u00e9se sem ker\u00fclt felmond\u00e1sra. Az, hogy t\u00e9nylegesen kell-e fizetnie \u00e9s ha igen, akkor mekkora \u00f6sszeget, az SPA tov\u00e1bbi rendelkez\u00e9seit\u0151l (ide\u00e9rtve k\u00fcl\u00f6n\u00f6sen az egy\u00e9b felel\u0151ss\u00e9gkorl\u00e1toz\u00e1sokat), valamint a kapcsol\u00f3d ig\u00e9ny\u00e9rv\u00e9nyes\u00edt\u00e9si elj\u00e1r\u00e1s \u00e9s -adott esetben- per eredm\u00e9ny\u00e9t\u0151l f\u00fcgg.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a90583 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a90583\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44cdaa1\" data-id=\"44cdaa1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3afc12d elementor-widget elementor-widget-text-editor\" data-id=\"3afc12d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong>Ismeretlen kock\u00e1zatok biztos\u00edt\u00e1s \u00fatj\u00e1n t\u00f6rt\u00e9n\u0151 kezel\u00e9se \u2013 W&amp;I biztos\u00edt\u00e1s <\/strong><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d40e65 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d40e65\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5399bc2\" data-id=\"5399bc2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed9a900 elementor-widget elementor-widget-text-editor\" data-id=\"ed9a900\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A fent bemutatott ismeretlen kock\u00e1zatok SPA-ban t\u00f6rt\u00e9n\u0151 kezel\u00e9s\u00e9nek (azaz annak az elad\u00f3ra vagy a vev\u0151re t\u00f6rt\u00e9n\u0151 telep\u00edt\u00e9s\u00e9nek) alternat\u00edv\u00e1ja lehet a szavatoss\u00e1gi biztos\u00edt\u00e1s (angolul: &#8220;warranty and indemnity&#8221; vagy &#8220;W&amp;I&#8221; biztos\u00edt\u00e1s). N\u00e9mileg leegyszer\u0171s\u00edtve ezen biztos\u00edt\u00e1si term\u00e9ket: <strong>amennyiben egy elad\u00f3i szavatoss\u00e1gi nyilatkozat val\u00f3tlannak bizonyul (ez l\u00e9nyeg\u00e9ben a biztos\u00edt\u00e1si esem\u00e9ny), akkor egy harmadik f\u00e9l, a kifejezetten erre szakosodott W&amp;I biztos\u00edt\u00f3 t\u00e9r\u00edti meg a biztos\u00edtott f\u00e9l, azaz a vev\u0151 vagy az elad\u00f3 ezzel kapcsolatos k\u00e1r\u00e1t a biztos\u00edt\u00f3 r\u00e9sz\u00e9re fizetett d\u00edj ellen\u00e9ben.<\/strong><\/p><p>Vev\u0151 oldali biztos\u00edt\u00e1s (buy-side policy) eset\u00e9n a vev\u0151 \u00e9rv\u00e9nyes\u00edthet ig\u00e9nyt a W&amp;I biztos\u00edt\u00f3val szemben, ilyenkor az SPA -a sz\u00e1nd\u00e9kos megt\u00e9veszt\u00e9s eset\u00e9nek kiv\u00e9tel\u00e9vel- kifejezetten kiz\u00e1rja az elad\u00f3 szavatoss\u00e1gi nyilatkozatokkal kapcsolatos felel\u0151ss\u00e9g\u00e9t. Ez jellemz\u0151en er\u0151s elad\u00f3i t\u00e1rgyal\u00e1si poz\u00edci\u00f3 eset\u00e9n fordul el\u0151, tipikusan aukci\u00f3s elj\u00e1r\u00e1sokban. Elad\u00f3 oldali biztos\u00edt\u00e1s (sell-side policy) eset\u00e9n a vev\u0151 az elad\u00f3val szemben \u00e9rv\u00e9nyes\u00edti szavatoss\u00e1gi ig\u00e9ny\u00e9t, majd ezt k\u00f6vet\u0151en az elad\u00f3 fordulhat a W&amp;I biztos\u00edt\u00f3hoz. A gyakorlatban a biztos\u00edt\u00e1sok d\u00f6nt\u0151 t\u00f6bbs\u00e9ge vev\u0151 oldali biztos\u00edt\u00e1s, b\u00e1r sokszor a biztos\u00edt\u00e1s megk\u00f6t\u00e9s\u00e9re ir\u00e1nyul\u00f3 folyamatot az elad\u00f3 ind\u00edtja meg (l\u00e1sd az \u00fan. <a href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2025\/01\/wampi-biztositas-elado-vevo-oldali-atallas-seller-to-buyer-flip\/\">seller-to-buyer flipr\u0151l \u00edrt cikket<\/a>)<\/p><p>Jellemz\u0151en 5 milli\u00f3 eur\u00f3 \u00fcgy\u00e9rt\u00e9k felett a magyarorsz\u00e1gi M&amp;A \u00fcgyletek eset\u00e9n is el\u00e9rhet\u0151 a W&amp;I biztos\u00edt\u00e1s. Biztos\u00edthat\u00f3 \u00fcgylet eset\u00e9n a W&amp;I biztos\u00edt\u00e1s jellemz\u0151en lefedi az SPA-ban szerepl\u0151 szavatoss\u00e1gi list\u00e1t, s\u0151t, erre vonatkoz\u00f3 vev\u0151i ig\u00e9ny eset\u00e9n \u00e9s megemelt biztos\u00edt\u00e1si d\u00edj ellen\u00e9ben a vev\u0151 sz\u00e1m\u00e1ra lehet\u0151s\u00e9g van a szavatoss\u00e1gi v\u00e9delmet az SPA-hoz k\u00e9pest t\u00e1gabb k\u00f6rben ig\u00e9nybe venni a biztos\u00edt\u00e1si fedezet kiterjeszt\u00e9s\u00e9vel, p\u00e9ld\u00e1ul az SPA-ban nem szerepl\u0151, \u00fan. szintetikus szavatoss\u00e1gok \u00fatj\u00e1n vagy az SPA k\u00e1rfogalm\u00e1hoz k\u00e9pest t\u00e1gabb (pl.: elmaradt hasznot is mag\u00e1ban foglal\u00f3 vagy ak\u00e1r a Ptk. k\u00e1rfogalm\u00e1n\u00e1l sz\u00e9lesebb) k\u00e1rfogalom meghat\u00e1roz\u00e1s\u00e1val.<\/p><p>Kiemelend\u0151, hogy a W&amp;I biztos\u00edt\u00e1s nem tekinthet\u0151 a biztos\u00edt\u00f3 felt\u00e9tel n\u00e9lk\u00fcli fizet\u00e9si k\u00f6telezetts\u00e9gv\u00e1llal\u00e1snak. A W&amp;I biztos\u00edt\u00f3 ugyanis csak akkor tudja a biztos\u00edt\u00e1st megk\u00f6tni, ha lehet\u0151s\u00e9ge volt a tranzakci\u00f3 kock\u00e1zati profilj\u00e1nak felm\u00e9r\u00e9s\u00e9re \u00e9s a biztos\u00edt\u00e1si term\u00e9k ennek megfelel\u0151 kialak\u00edt\u00e1s\u00e1ra \u00e9s \u00e1raz\u00e1s\u00e1ra. Ezt alapvet\u0151en a c\u00e9lt\u00e1rsas\u00e1g alapos, a biztos\u00edt\u00f3 elv\u00e1r\u00e1sainak megfelel\u0151 \u00e1tvil\u00e1g\u00edt\u00e1sa \u00e9s a biztos\u00edt\u00f3 kapcsol\u00f3d\u00f3 k\u00e9rd\u00e9seinek vev\u0151, illetve a vev\u0151 tan\u00e1csad\u00f3i \u00e1ltali megv\u00e1laszol\u00e1sa tudja biztos\u00edtani, amelyek \u00e9rt\u00e9kel\u00e9se sor\u00e1n a biztos\u00edt\u00f3 saj\u00e1t jogi tan\u00e1csad\u00f3val j\u00e1r el.<\/p><p>A W&amp;I biztos\u00edt\u00f3 \u00e1ltal t\u00e9nylegesen teljes\u00edtett kifizet\u00e9s \u00f6sszeg\u00e9t a biztos\u00edt\u00e1s felt\u00e9teleit meghat\u00e1roz\u00f3 k\u00f6tv\u00e9nyben (policy) meghat\u00e1rozott egy\u00e9b t\u00e9nyez\u0151k (pl.: kiz\u00e1r\u00e1sok, ig\u00e9ny\u00e9rv\u00e9nyes\u00edt\u00e9si hat\u00e1rid\u0151k, de minimis, \u00f6nr\u00e9sz) is befoly\u00e1solhatj\u00e1k, amelyeket a W&amp;I biztos\u00edt\u00e1s egy\u00e9b aspektusaival (pl.: W&amp;I biztos\u00edt\u00e1si piac szerepl\u0151i, biztos\u00edt\u00e1sk\u00f6t\u00e9si folyamat, biztos\u00edt\u00e1si d\u00edj m\u00e9rt\u00e9ke) a cikksorozatunk tov\u00e1bbi r\u00e9szeiben fogjuk bemutatni.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1c681d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c681d3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c5b154\" data-id=\"3c5b154\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8be90de elementor-widget elementor-widget-text-editor\" data-id=\"8be90de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A jelen cikk z\u00e1r\u00e1sk\u00e9nt <strong>a W&amp;I biztos\u00edt\u00e1s legfontosabb el\u0151nyeit <\/strong>emelj\u00fck ki, amelyek az al\u00e1bbiak:<\/p><ol><li><strong>lehet\u0151v\u00e9 teszi az elad\u00f3 sz\u00e1m\u00e1ra clean exit-et, azaz, hogy az elad\u00f3 fennmarad\u00f3 felel\u0151ss\u00e9g n\u00e9lk\u00fcl \u00edrhassa al\u00e1 \u00e9s z\u00e1rhassa az \u00fcgyletet<\/strong>, amely mag\u00e1nt\u0151kealap elad\u00f3k eset\u00e9n kifejezett elv\u00e1r\u00e1s szokott lenni<\/li><li><strong>az elad\u00f3 a z\u00e1r\u00e1st k\u00f6vet\u0151en azonnal rendelkezhet a teljes megkapott v\u00e9tel\u00e1r felett<\/strong>, mert azt nem kell let\u00e9tben tartani vagy a k\u00e9s\u0151bbi visszafizet\u00e9si k\u00f6telezetts\u00e9gek fedezetek\u00e9nt elk\u00fcl\u00f6n\u00edtetten kezelni, \u00edgy az elad\u00f3 azt ak\u00e1r teljes eg\u00e9sz\u00e9ben \u00fajra befektetheti vagy osztal\u00e9kk\u00e9nt kifizetheti a tulajdonosai r\u00e9sz\u00e9re<\/li><li><strong>kezeli a vev\u0151 aggodalmait az elad\u00f3 p\u00e9nz\u00fcgyi teljes\u00edt\u0151k\u00e9pess\u00e9g\u00e9vel kapcsolatbana biztos\u00edt\u00f3 bel\u00e9p\u00e9se \u00e1ltal<\/strong>, p\u00e9ld\u00e1ul amennyiben elad\u00f3 oldalon SPV, term\u00e9szetes szem\u00e9ly vagy p\u00e9nz\u00fcgyi neh\u00e9zs\u00e9gekkel rendelkez\u0151 c\u00e9gcsoport \u00e1ll<\/li><li><strong>az elad\u00f3 \u00e1ltal v\u00e1llaltn\u00e1l sz\u00e9lesebb k\u00f6r\u0171 szavatoss\u00e1gi v\u00e9delem megszerz\u00e9s\u00e9t teszi lehet\u0151v\u00e9 a vev\u0151 \u00e1ltal<\/strong>, p\u00e9ld\u00e1ul a szavatoss\u00e1gi nyilatkozatok k\u00f6r\u00e9nek, az ig\u00e9ny\u00e9rv\u00e9nyes\u00edt\u00e9s hat\u00e1rid\u0151knek, valamint a &#8220;k\u00e1r&#8221; fogalm\u00e1nak kib\u0151v\u00edt\u00e9se r\u00e9v\u00e9n (p\u00e9ld\u00e1ul annak az elmaradt haszonra t\u00f6rt\u00e9n\u0151 kiterjeszt\u00e9se \u00e1ltal)<\/li><li><strong>t\u00f6bb elad\u00f3 eset\u00e9n leegyszer\u0171s\u00edti az ig\u00e9ny\u00e9rv\u00e9nyes\u00edt\u00e9si folyamatot<\/strong>, ugyanis nem kell valamennyi elad\u00f3val szemben k\u00fcl\u00f6n-k\u00fcl\u00f6n szavatoss\u00e1gi ig\u00e9nyeket \u00e9rv\u00e9nyes\u00edteni, amely f\u0151leg nagyobb l\u00e9tsz\u00e1m\u00fa elad\u00f3i k\u00f6r eset\u00e9n jelenthet jelent\u0151s k\u00f6lts\u00e9g \u00e9s id\u0151megtakar\u00edt\u00e1st (pl.: sz\u00e1mos tulajdonossal rendelkez\u0151 start-upok eset\u00e9n, ahol a t\u00e1rsbefektet\u0151 (kock\u00e1zatit\u0151ke-alap) eleve limit\u00e1lt k\u00f6rben tud szavatoss\u00e1gi nyilatkozatokat adni)<\/li><li><strong>gyorsabb ig\u00e9ny\u00e9rv\u00e9nyes\u00edt\u00e9st eredm\u00e9nyez<\/strong>, egy ak\u00e1r \u00e9vekre elh\u00faz\u00f3d\u00f3 b\u00edr\u00f3s\u00e1gi vagy v\u00e1lasztottb\u00edr\u00f3s\u00e1gi elj\u00e1r\u00e1s helyett a W&amp;I biztos\u00edt\u00f3k jellemz\u0151en 3-6 h\u00f3nap alatt teljes\u00edtik a biztos\u00edtott ig\u00e9nyeket<\/li><li><strong>hozz\u00e1j\u00e1rul a felek k\u00f6z\u00f6tti kapcsolat meg\u00f3v\u00e1s\u00e1hoz, <\/strong>egyr\u00e9szt mert m\u00e1r az SPA t\u00e1rgyal\u00e1sok kev\u00e9sb\u00e9 terheltek, m\u00e1sr\u00e9szt szavatoss\u00e1gi ig\u00e9ny\u00e9rv\u00e9nyes\u00edt\u00e9s eset\u00e9n sem s\u00e9r\u00fcl a felek k\u00f6z\u00f6tti \u00fczleti kapcsolat, ut\u00f3bbi k\u00fcl\u00f6n\u00f6sen a z\u00e1r\u00e1st k\u00f6vet\u0151 egy\u00fcttm\u0171k\u00f6d\u00e9s eset\u00e9n lehet fontos (pl.: k\u00f6z\u00f6s v\u00e1llalat (JV) l\u00e9trehoz\u00e1sa vagy vev\u0151i\/besz\u00e1ll\u00edt\u00f3i kapcsolat fenntart\u00e1sa eset\u00e9n)<\/li><li><strong style=\"font-size: 16px\">cs\u00f6kkenti a bizonytalans\u00e1got a p\u00e9nz\u00fcgyi \u00e9rt\u00e9kel\u00e9si modellekben<\/strong><span style=\"font-size: 16px\">, mivel m\u00e9rs\u00e9kli a z\u00e1r\u00e1st k\u00f6vet\u0151en felmer\u00fcl\u0151 v\u00e1ratlan felel\u0151ss\u00e9gek kock\u00e1zat\u00e1t<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e3dd38f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e3dd38f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-54e2a07\" data-id=\"54e2a07\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac5685e elementor-widget elementor-widget-spacer\" data-id=\"ac5685e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a57e17 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a57e17\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bfb40e5\" data-id=\"bfb40e5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a0723f elementor-widget elementor-widget-text-editor\" data-id=\"6a0723f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Fontos ism\u00e9telten hangs\u00falyozni, hogy a W&amp;I biztos\u00edt\u00e1s az ismeretlen kock\u00e1zatok biztos\u00edt\u00e1s\u00e1ra szolg\u00e1l. Az \u00fan. ismert kock\u00e1zatokra az \u00fan. contingent risk insurance a megfelel\u0151 biztos\u00edt\u00e1si term\u00e9k.<\/strong> Ilyenek kock\u00e1zatok tipikusan a vev\u0151i \u00e1tvil\u00e1g\u00edt\u00e1s sor\u00e1n ismertt\u00e9 v\u00e1lt \u00e9s az SPA-ban objekt\u00edv megt\u00e9r\u00edt\u00e9si k\u00f6telezetts\u00e9gv\u00e1llal\u00e1ssal (indemnity) kezelt kock\u00e1zatok. Ezek azonban k\u00edv\u00fcl esnek a W&amp;I biztos\u00edt\u00e1s \u00e1ltal biztos\u00edthat\u00f3 kock\u00e1zatok k\u00f6r\u00e9n, \u00e9s a W&amp;I biztos\u00edt\u00e1si k\u00f6tv\u00e9ny kifejezetten ki is kiz\u00e1rja \u0151ket. A contingent risk insurance f\u0151bb jellemz\u0151it \u00e9s alkalmaz\u00e1si lehet\u0151s\u00e9geit k\u00fcl\u00f6n cikkben fogjuk bemutatni.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fadc46f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fadc46f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-974d520\" data-id=\"974d520\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-002c209 elementor-widget elementor-widget-text-editor\" data-id=\"002c209\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Szerz\u0151: Szkiba Tam\u00e1s, Schnopper Anton<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-85c5e32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"85c5e32\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d050805\" data-id=\"d050805\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ab137b elementor-flip-box--direction-left elementor-flip-box--effect-flip elementor-widget elementor-widget-global elementor-global-2914 elementor-widget-flip-box\" data-id=\"1ab137b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"flip-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-flip-box\" tabindex=\"0\">\n\t\t\t<div class=\"elementor-flip-box__layer elementor-flip-box__front\">\n\t\t\t\t<div class=\"elementor-flip-box__layer__overlay\">\n\t\t\t\t\t<div class=\"elementor-flip-box__layer__inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-flip-box__image\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2021\/11\/Nevtelen-terv-61.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-flip-box__layer__title\">\n\t\t\t\t\t\t\t\tSzkiba Tam\u00e1s*\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-flip-box__layer__description\">\n\t\t\t\t\t\t\t\t\u00dcgyv\u00e9d,<p>Senior Associate\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<a class=\"elementor-flip-box__layer elementor-flip-box__back\" href=\"mailto:tamas.szkiba@dlapiper.com\">\n\t\t\t<div class=\"elementor-flip-box__layer__overlay\">\n\t\t\t\t<div class=\"elementor-flip-box__layer__inner\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-flip-box__layer__title\">\n\t\t\t\t\t\t\tSzkiba Tam\u00e1s\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-flip-box__layer__description\">\n\t\t\t\t\t\t\tTam\u00e1s a DLA Piper Hungary t\u00e1rsas\u00e1gi jog \u00e9s M&amp;A csoportj\u00e1nak szenior \u00fcgyv\u00e9dje. T\u00f6bb mint 10 \u00e9ves nemzetk\u00f6zi tan\u00e1csad\u00f3i tapasztalattal rendelkezik, jogi mester diplom\u00e1j\u00e1t (LL.M.) a Harvard Egyetemen szerezte. Jelent\u0151s tapasztalattal rendelkezik v\u00e1llalatfelv\u00e1s\u00e1rl\u00e1si (M&amp;A) \u00fcgyekben, k\u00fcl\u00f6n\u00f6sen az energia- \u00e9s p\u00e9nz\u00fcgyi szektorokban, valamint a tranzakci\u00f3s (W&amp;I) biztos\u00edt\u00e1s ter\u00fclet\u00e9n.\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-flip-box__button elementor-button elementor-size-xs\">\n\t\t\t\t\t\t\tE-mailt k\u00fcld\u00f6k\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-691d148\" data-id=\"691d148\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b75cc3 elementor-flip-box--direction-left elementor-flip-box--effect-flip elementor-widget elementor-widget-global elementor-global-5253 elementor-widget-flip-box\" data-id=\"5b75cc3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"flip-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-flip-box\" tabindex=\"0\">\n\t\t\t<div class=\"elementor-flip-box__layer elementor-flip-box__front\">\n\t\t\t\t<div class=\"elementor-flip-box__layer__overlay\">\n\t\t\t\t\t<div class=\"elementor-flip-box__layer__inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-flip-box__image\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/elementor\/thumbs\/Anton-r0f9x4wlb6xbg6b5bejyegv5v7o23deq7ovjfe1f8w.jpg\" title=\"Anton\" alt=\"Anton\" loading=\"lazy\" \/>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-flip-box__layer__title\">\n\t\t\t\t\t\t\t\tAnton Schnopper\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-flip-box__layer__description\">\n\t\t\t\t\t\t\t\tIgazgat\u00f3,<p>Aon Central Europe\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"elementor-flip-box__layer elementor-flip-box__back\">\n\t\t\t<div class=\"elementor-flip-box__layer__overlay\">\n\t\t\t\t<div class=\"elementor-flip-box__layer__inner\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-flip-box__layer__title\">\n\t\t\t\t\t\t\tAnton Schnopper\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-flip-box__layer__description\">\n\t\t\t\t\t\t\tAnton 2022 \u00f3ta foglalkozik tranzakci\u00f3s biztos\u00edt\u00e1sokkal, jelenleg az Aon Central Europe igazgat\u00f3ja, ahol M&amp;A kock\u00e1zati tan\u00e1csad\u00e1ssal foglalkozik, amelynek keret\u00e9ben tranzakci\u00f3s kock\u00e1zati biztos\u00edt\u00e1si megold\u00e1sokat alak\u00edt ki. F\u00e9lig magyar, f\u00e9lig n\u00e9met sz\u00e1rmaz\u00e1s\u00e1nak k\u00f6sz\u00f6nhet\u0151en m\u00e9lyen ismeri mindk\u00e9t kult\u00far\u00e1t, \u00e9s foly\u00e9konyan besz\u00e9l magyarul, n\u00e9met\u00fcl, angolul \u00e9s sv\u00e9d\u00fcl. Jogi alapjait a b\u00e9csi WU-n saj\u00e1t\u00edtotta el, \u00e9s nemzetk\u00f6zi tapasztalatot szerzett N\u00e9metorsz\u00e1gban, Ausztri\u00e1ban, Sv\u00e9dorsz\u00e1gban \u00e9s Magyarorsz\u00e1gon. Kor\u00e1bban befektet\u00e9si banki \u00e9s tan\u00e1csad\u00e1si ter\u00fcleten dolgozott, ami sz\u00e9lesk\u00f6r\u0171 szak\u00e9rtelmet biztos\u00edt sz\u00e1m\u00e1ra a k\u00f6z\u00e9p-eur\u00f3pai r\u00e9gi\u00f3ban v\u00e9gzett munk\u00e1j\u00e1hoz.\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6f5d6e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f5d6e5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d681e37\" data-id=\"d681e37\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed8dccb elementor-widget elementor-widget-spacer\" data-id=\"ed8dccb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e339a69 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"1e339a69\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-narrow\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b286fa3\" data-id=\"b286fa3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-672911cc elementor-widget elementor-widget-text-editor\" data-id=\"672911cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" style=\"font-size: 18px;font-style: normal;margin-bottom: 0px;line-height: 1\"><b>K\u00e9rd\u00e9se van? Keressen minket bizalommal!<\/b><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67148b71 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"67148b71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"mailto:hungary@dlapiper.com\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Kapcsolatfelv\u00e9tel<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5a0dc9a3\" data-id=\"5a0dc9a3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2333d963 elementor-widget elementor-widget-text-editor\" data-id=\"2333d963\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" style=\"font-size: 18px;font-style: normal;margin-bottom: 0px;line-height: 1\"><b>K\u00f6vesse LinkedIn oldalunkat!<\/b><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d20f379 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6d20f379\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.linkedin.com\/showcase\/dla-piper-hungary\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">DLA Piper Hungary<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-74bbccd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74bbccd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44c03fd\" data-id=\"44c03fd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1befb7a elementor-widget elementor-widget-spacer\" data-id=\"1befb7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dece36f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dece36f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d5ad629\" data-id=\"d5ad629\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25c61c5 elementor-widget elementor-widget-text-editor\" data-id=\"25c61c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>Legfrissebb tartalmaink<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-baea160 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"baea160\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0bf2583\" data-id=\"0bf2583\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71e1c1a elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-posts--show-avatar elementor-card-shadow-yes elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"71e1c1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7485 post type-post status-publish format-standard has-post-thumbnail hentry category-finance tag-debt-finance tag-hitelfinanszirozasi-piac tag-refinanszirozas\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/05\/fokuszban-a-refinanszirozas-a-hitelfinanszirozasi-piac-fo-trendjei-2025-2026-ban\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"300\" src=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Gray-spiral-building-at-night_PPT-1.jpg\" class=\"attachment-full size-full wp-image-7488\" alt=\"adv_cikk_finance\" srcset=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Gray-spiral-building-at-night_PPT-1.jpg 1200w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Gray-spiral-building-at-night_PPT-1-300x75.jpg 300w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Gray-spiral-building-at-night_PPT-1-1024x256.jpg 1024w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Gray-spiral-building-at-night_PPT-1-768x192.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Finance | Bankjog<\/div>\n\t\t\t\t<div class=\"elementor-post__avatar\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/05\/fokuszban-a-refinanszirozas-a-hitelfinanszirozasi-piac-fo-trendjei-2025-2026-ban\/\" >\n\t\t\t\tF\u00f3kuszban a refinansz\u00edroz\u00e1s: a hitelfinansz\u00edroz\u00e1si piac f\u0151 trendjei 2025\u20132026-ban\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Megjelent DLA Piper leg\u00fajabb Debt Finance Intelligence Reportja, amely r\u00e9szletesen elemzi a hitelfinansz\u00edroz\u00e1si piac 2025-\u00f6s teljes\u00edtm\u00e9ny\u00e9t, valamint a 2026-os \u00e9vet meghat\u00e1roz\u00f3 f\u0151bb trendeket \u00e9s kih\u00edv\u00e1sokat.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/05\/fokuszban-a-refinanszirozas-a-hitelfinanszirozasi-piac-fo-trendjei-2025-2026-ban\/\" aria-label=\"Read more about F\u00f3kuszban a refinansz\u00edroz\u00e1s: a hitelfinansz\u00edroz\u00e1si piac f\u0151 trendjei 2025\u20132026-ban\" tabindex=\"-1\" >\n\t\t\tTov\u00e1bb \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-author\">\n\t\t\tDLA Piper\t\t<\/span>\n\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t2026-05-28\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7465 post type-post status-publish format-standard has-post-thumbnail hentry category-regulatory tag-government-priorities tag-insights tag-legislative-developments tag-regulatory-updates tag-structural-changes\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/05\/regulatory-updates-from-hungary-dla-piper-hungary\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"1200\" height=\"300\" src=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Hungarian_Parliament_River_S_0589_PPT-1200x675-128554e-1.jpg\" class=\"attachment-full size-full wp-image-7456\" alt=\"Hungarian_Parliament\" srcset=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Hungarian_Parliament_River_S_0589_PPT-1200x675-128554e-1.jpg 1200w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Hungarian_Parliament_River_S_0589_PPT-1200x675-128554e-1-300x75.jpg 300w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Hungarian_Parliament_River_S_0589_PPT-1200x675-128554e-1-1024x256.jpg 1024w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/05\/Hungarian_Parliament_River_S_0589_PPT-1200x675-128554e-1-768x192.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Szab\u00e1lyoz\u00e1s | Regulatory<\/div>\n\t\t\t\t<div class=\"elementor-post__avatar\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/05\/regulatory-updates-from-hungary-dla-piper-hungary\/\" >\n\t\t\t\tRegulatory updates from Hungary\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>This series examines the evolving legal, regulatory and institutional landscape in Hungary following the 2026 general elections. It provides ongoing insights into key legislative developments, government priorities and structural changes shaping the country\u2019s business environment.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/05\/regulatory-updates-from-hungary-dla-piper-hungary\/\" aria-label=\"Read more about Regulatory updates from Hungary\" tabindex=\"-1\" >\n\t\t\tTov\u00e1bb \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-author\">\n\t\t\tDLA Piper\t\t<\/span>\n\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t2026-05-13\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7442 post type-post status-publish format-standard has-post-thumbnail hentry category-ingatlan tag-logistics-and-industrials tag-real-estate-intelligence-report-2026 tag-real-estate-market-trends tag-retail tag-survey\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/04\/flexibility-and-repositioning-where-is-the-hungarian-real-estate-market-heading-in-2026\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"1200\" height=\"300\" src=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/04\/Untitled-design-3.png\" class=\"attachment-full size-full wp-image-7382\" alt=\"Hazai Ingatlanpiaci K\u00f6rk\u00e9p 2026\" srcset=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/04\/Untitled-design-3.png 1200w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/04\/Untitled-design-3-300x75.png 300w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/04\/Untitled-design-3-1024x256.png 1024w, https:\/\/blogs.dlapiper.com\/advocatus\/files\/2026\/04\/Untitled-design-3-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Ingatlan | Real Estate<\/div>\n\t\t\t\t<div class=\"elementor-post__avatar\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/04\/flexibility-and-repositioning-where-is-the-hungarian-real-estate-market-heading-in-2026\/\" >\n\t\t\t\tFlexibility and Repositioning: Where Is the Hungarian Real Estate Market Heading in 2026?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>The residential real estate market is expected to be the most active segment of the Hungarian property market in 2026, while the hotel sector is set to remain a key investment target.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2026\/04\/flexibility-and-repositioning-where-is-the-hungarian-real-estate-market-heading-in-2026\/\" aria-label=\"Read more about Flexibility and Repositioning: Where Is the Hungarian Real Estate Market Heading in 2026?\" tabindex=\"-1\" >\n\t\t\tTov\u00e1bb \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-author\">\n\t\t\tDLA Piper\t\t<\/span>\n\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t2026-04-30\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Az ismeretlen kock\u00e1zatok \u00e9s a W&amp;I biztos\u00edt\u00e1s \u00f6sszef\u00fcgg\u00e9seit mutatjuk be Szkiba Tam\u00e1s, a DLA Piper szenior M&amp;A \u00fcgyv\u00e9dje \u00e9s Anton Schnopper, az Aon tranzakci\u00f3s biztos\u00edt\u00e1si tan\u00e1csad\u00f3ja k\u00f6zrem\u0171k\u00f6d\u00e9s\u00e9vel.<\/p>\n","protected":false},"author":1,"featured_media":5118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[389],"tags":[1532,1533,1531,1518,1530,1516],"coauthors":[705],"class_list":["post-5116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macorporate","tag-biztositas","tag-contingent-risk-insurance","tag-kockazatok","tag-ma-ugyletek","tag-spa","tag-wi-biztositas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>W&amp;I biztos\u00edt\u00e1s: a szavatoss\u00e1gi biztos\u00edt\u00e1s alapjai I. r\u00e9sz \u2013 ismeretlen kock\u00e1zatok kezel\u00e9se M&amp;A \u00fcgyletekben<\/title>\n<meta name=\"description\" content=\"Az ismeretlen kock\u00e1zatok \u00e9s a W&amp;I biztos\u00edt\u00e1s \u00f6sszef\u00fcgg\u00e9seit mutatjuk be Szkiba Tam\u00e1s, a DLA Piper szenior M&amp;A \u00fcgyv\u00e9dje \u00e9s Anton Schnopper, az Aon tranzakci\u00f3s biztos\u00edt\u00e1si tan\u00e1csad\u00f3ja k\u00f6zrem\u0171k\u00f6d\u00e9s\u00e9vel.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.dlapiper.com\/advocatus\/2025\/01\/wi-biztositas-a-szavatossagi-biztositas-alapjai-i-resz-ismeretlen-kockazatok-kezelese-ma-ugyletekben\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"W&amp;I biztos\u00edt\u00e1s: a szavatoss\u00e1gi biztos\u00edt\u00e1s alapjai I. r\u00e9sz \u2013 ismeretlen kock\u00e1zatok kezel\u00e9se M&amp;A \u00fcgyletekben\" \/>\n<meta property=\"og:description\" content=\"Az ismeretlen kock\u00e1zatok \u00e9s a W&amp;I biztos\u00edt\u00e1s \u00f6sszef\u00fcgg\u00e9seit mutatjuk be Szkiba Tam\u00e1s, a DLA Piper szenior M&amp;A \u00fcgyv\u00e9dje \u00e9s Anton Schnopper, az Aon tranzakci\u00f3s biztos\u00edt\u00e1si tan\u00e1csad\u00f3ja k\u00f6zrem\u0171k\u00f6d\u00e9s\u00e9vel.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.dlapiper.com\/advocatus\/2025\/01\/wi-biztositas-a-szavatossagi-biztositas-alapjai-i-resz-ismeretlen-kockazatok-kezelese-ma-ugyletekben\/\" \/>\n<meta property=\"og:site_name\" content=\"Advocatus\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-23T10:14:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-03T06:25:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogs.dlapiper.com\/advocatus\/files\/2025\/01\/18-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"DLA Piper\" \/>\n<meta name=\"twitter:card\" 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