The pawnbroker business

In his article published in Economy and Law, a monthly legal journal, István Gárdos analyses the pawnbroker business, examining the contracts used by pawnbrokers and whether the existing legislation is in line with the major characteristics of these contracts. The conclusion of the article is that these contracts should not be regulated as loan contracts and it is questionable therefore whether the service provided by the pawnbrokers should qualify as financial service. The article is available on our website in Hungarian.

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