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If you’ve never sued or been sued, you may be forgiven for thinking that the costs of the lawsuit are paid by the losing party. However, after a case is closed, the winner of the suit may easily find that its win was a Pyrrhic victory, and that it is left with substantial costs to shoulder, without compensation. What are the impacts of this on business and how should parties best manage the related risks?
There are many reasons why tax disputes drag on for so long in our legal system. Of these, one was eliminated by a decision recently taken by a chamber of Hungary’s supreme court, the Curia. The question, of course, is how far this decision will set a precedent.