CEU Electronic Theses and Dissertations, 2021
| Author | Németh, Nóra |
|---|---|
| Title | Legal Background of Debt-based Crowdfunding, Special Aspects of Client Information and Contracts |
| Summary | Technological innovation companies, start-ups and other non-listed SMEs have more limited or expensive or cumbersome funding opportunities and are much more vulnerable to the economic downturn (caused by coronavirus pandemic) than other market players. The importance of the internet-based crowdfunding has increased significantly in the last 15 years and thus can be a viable option for these companies. The client is planning to implement a debt-based crowdfunding product on the market. In this context they want to identify those legal pitfalls that they need to pay particular attention in connection with the authorization of their debt-based crowdfunding activity, launching of their campaign, informing their investors, and contracting with their clients. Considering the above the main objectives and outcomes of the thesis were: 1. Highlighting the Hungarian regulations that are relevant for debt-based crowdfunding activities vis-à-vis the ESCPR regulation – outcome: detailed examination the elements of the Hungarian legal regulation which must be considered when designing debt-based crowdfunding activities. 2. Identif ying the information that the crowdfunding company must provide for investors and the phase of financing in which this information should be provided – outcome: list of activities, incidences and themes that the clients – especially the lenders – should be informed about during a debt-based crowdfunding campaign. 3. Outline the structure of the contracts signed by the project owners and the investors – outcome: compilation of the framework of client contracts, indicating the necessary content of the provisions for each topic. |
| Supervisor | Szilágyi, Péter Gábor |
| Department | Economics MSc |
| Full text | https://www.etd.ceu.edu/2021/nemeth_nora.pdf |
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