The Asset Management Contract of National Assets in Hungary

Abstract

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.