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BTG Global Network Member, Csaba Holdings Wins Major Municipality Insolvency in Hungary


We are delighted to report that the head of one of the very first members of BTG GN, Laszlo Csia has been appointed to represent a major creditor owed over Eur2m in a ground breaking case in Hungary, the insolvency of the city of Esztergom, the largest municipality there to fail so far. We look forward to bringing you more news as this assignment progresses.

At the same time, Laszlo has had a major article of the Hungarian bankruptcy law in the authoritative business newspaper Vilaggazdasag and is also lecturing on a post graduate course for insolvency practitioners at the University of Economics about cross border insolvency. This confirms Laszlo’s position as Hungary’s leading expert on local and international insolvency issues.

BTG GN Chairman, Nick Hood commented: “We congratulate Laszlo on winning such an important assignment and on the success of his efforts to improve public awareness of insolvency issues at a time when the Hungarian economy struggles to shake off the effects of the global recession”.


About the author

Julie Palmer

Regional Managing Partner

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Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.

Julie is a member of the Insolvency Practitioners Association and the None Administrative Receivers Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

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