Financial Regulation & Digital Innovation
Legal Aspects of Venture Capital Financing
Venture capital; investment funds; startup financing; state aid; investment contracts; financial regulation
The article examines venture-capital financing through comparative financial, company, and contract law. It analyses legal definitions, investment structures, state-support mechanisms, EU policy, due diligence, confidentiality, contractual safeguards, and exit strategies.
GLAVANITS, JUDIT
Legal Tools Supporting the Household Debt Financing in Hungary
Foreign-currency loans; household debt; financial regulation; consumer protection; mortgage lending; Hungary
The article examines the expansion and subsequent restructuring of foreign-currency household loans in Hungary. It analyses legislative, regulatory, judicial, and asset-management measures introduced to protect borrowers and eliminate foreign-currency mortgage debt.
GLAVANITS, JUDIT
Market within the Market: Liquidators in Hungary...
Cross-border insolvency; liquidators; EU insolvency law; secondary proceedings; creditor protection; Hungarian insolvency law
The article analyses the powers and legal status of liquidators in Hungarian and cross-border EU insolvency proceedings. It identifies inconsistencies between Hungarian insolvency legislation and Regulation (EC) No 1346/2000, emphasizing their effects on legal certainty, creditor protection, and the functioning of the internal market.
NACSA, MÓNIKA
Green, Safe, and Misleading? ESG Investment Products, Greenwashing, and...
Consumer protection; ESG labelling; greenwashing; retail investor vulnerability; sustainable finance regulation
The rapid expansion of ESG-labelled investment products in the European Union has transformed sustainable finance into a mainstream retail market offering. Through digital platforms such as banking applications and robo-advisors, “green” investments are increasingly presented as both ethically desirable and financially responsible. While EU regulation has significantly strengthened sustainability-related disclosure through instruments such as MiFID II, the Sustainable Finance Disclosure Regulation (SFDR), the EU Taxonomy Regulation, and the Unfair Commercial Practices Directive (UCPD), sustainability classification does not imply reduced financial risk. Nevertheless, simplified ESG labels, fund names, and digital interface design may influence investor perception, particularly among vulnerable retail investors with limited financial literacy. This paper examines whether the current EU legal framework adequately protects retail investors from misleading sustainability framing in digital environments. It argues that EU sustainable finance law remains predominantly disclosure-based and insufficiently attentive to behavioural and perceptual effects. The paper proposes a more integrated interpretation of financial and consumer protection rules, emphasising vulnerability and the need to distinguish clearly between environmental alignment and financial safety.
AFRI, OBBIE
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