János Dúl – National University of Public Service, H-1083 Budapest, Üllői út 82, Hungary

DOI: https://doi.org/10.31410/ERAZ.2019.113

5th International Conference – ERAZ 2019 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Budapest – Hungary, May 23, 2019, CONFERENCE PROCEEDINGS

Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia;

ISBN 978-86-80194-20-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2019


The aim of the paper is to give a short outlook on asset management contract of the so-called
national assets (this terminus covers all the assets of the Hungarian State and the local government
according to Act CXCVI of 2011 on national assets). We would like to give a definition for asset management
according to different views in legal and economical literature, after this we will present the
current regulation of these special contracts with its subjects, its objects and the rights and obligations
of each subject. We come to the conclusion: this act is considered to be a part of public law, but it consists
of important regulation in connection with private law, and lots of rules can be understood only
in the light of civil law.

Key words

asset management, asset management contract, Hungary, national assets, public property


[1] B. Szabó, G., Illés, I., Kolozs, B., Menyhei, Á., Sándor, I. (2018) A bizalmi vagyonkezelés, 2nd
edition, HVG-ORAC Lap- és Könyvkiadó, Budapest, pp. 19-22.
[2] See Nvt. Section 11 Subsection (8) a)
[3] See B. Szabó et al. pp. 19-22.

[4] Németh, A., Sík, L., (1997) A vagyonkezelési szerződések típusai és biztosítékai, in Pénzügyi
Szemle, 1997, no. 2, p. 98.
[5] B. Szabó et al. p. 21.
[6] Németh, Sík p. 97.
[7] Sárközy, T., (1997) Az intézményes privatizáció befejezésének jogi technikájáról és a tartósan
állami tulajdonban maradó vagyon kezelésének jövőbeli megoldásáról, in Gazdaság és Jog,
1997, no. 7-8, p. 17.
[8] Papp, T., (2018): Some question marks of private law on the state-owned companies in Hungary,
in International and Comparative Law Review, 2018, vol. 18, no. 2, p. 216.
[9] Nvt. Section 3 Subsection (1) 17.
[10] Fundamental Law of Hungary (25 April 2011) Article 38 Subsections (1)-(2) http://njt.hu/
translated/doc/TheFundamentalLawofHungary_20190101_FIN.pdf (20. 06. 2019.)
[11] See Nvt. Section 1 Subsection (2), Section 3 Subsection (1) 3.
[12] Papp, T., Balog, B. (2015) A koncessziós szerződés, in Papp, T. ed. (2015) Atipikus szerződések,
Opten Kiadó, Budapest, pp. 267-268.
[13] CC Section 6:71. [Statutory obligation to contract]
(1) Where an obligation to contract is prescribed by law, and the parties do not conclude the
contract, the court shall have powers to establish the contract and to define its terms.
(2) By disclosing the necessary details and sending the necessary documents, the obligee
may request the person who is subject to contracting obligation to make an offer. The
obligor shall present his offer within thirty days following the effective date of the request.
(3) If the request for an offer does not contain the necessary details or documents, the
obligor shall request these details and/or documents within fifteen days following the
effective date of the request. In that case, the deadline for presenting the offer shall commence
upon the provision of the missing details and/or documents.
(4) Conclusion of the contract may be refused if the obligor provides proof that he is incapable
of performing the contract or there exists the right to withdraw from or to terminate
the contract.
[14] Act CVI of 2007 Section 27 Subsection (3)
[15] Nvt. Section 11 Subsection (9)
[16] Nvt. Section 11 Subsection (8)
[17] Nvt. Section 11 Subsection (13)
[18] Act CLXXXIX of 2011 Section 109 Subsection (4)
[19] Act CVI of 2007 Section 27 Subsection (2a)
[20] Government Decree 254/2007. (X. 4.) Section 10 Subsection (3)
[21] Government Decree 254/2007. (X. 4.) Section 9 Subsection (4)
[22] If somebody’s act does not meet with CC Section 1:4., it is the case of fault.
CC Section 1:4. Principle of generally expected standard of conduct. Fault Unless
otherwise provided in this Act, in civil law relations, one shall proceed with the care
that is generally expected under the given circumstances.
See also Leszkoven, L. (2018) A polgári jog alapelvei, in Barzó, T., Papp, T. ed. (szerk.):
Civilisztika I. Dialóg Campus Kiadó, Budapest, 36-38.