Hungary

IFLR1000 Reviews

Financial and corporate
CERHA HEMPEL Dezsö & Partners

CERHA HEMPEL Dezsö & Partners is the Hungarian arm of leading Austrian firm CERHA HEMPEL. The Budapest branch, which dates back to the 1990s, has a team of around 30 legal professionals and is part of a network of offices that also encompasses branches in Austria, Belarus, Bulgaria, Czech Republic, Romania and the Slovak Republic.

 

Focusses / specialisms

The firm advises borrowers and lenders in financing transactions and has experience in banking, project development deals and domestic and cross-border M&A deals.

 

Key clients

The firm's clients include Cisco Systems, DiscoverIE Group, Sonepar Group, Telenor, MÁV Magyar Államvasutak, Nemzeti Infrastruktúra Fejlesztő, Magyar Nemzeti Vagyonkezelő, Erste Goup Bank, Omnibus Hungária, Osmotica Pharmaceuticals, Tungsram Operations, Allianz, Raiffeisenlandesbank Oberösterreich, Infogroup and Ober Lízing.

 

Research period review: 32nd edition (2021/2022)

During the research period the firm was active in banking, project development deals and M&A deals.

In banking the firm worked in financing, financial restructuring, project finance and banking deals for clients connected with the lighting, investment, pharmaceutical, automotive, real estate fund, PPP service provider, banking, and leasing sectors.

In project development the firm worked on project development and project procurement for clients connected with transport, government and public policy, construction and materials and automotive sectors.

In M&A the firm worked on asset acquisitions, acquisitions, joint ventures, divestments for mostly buyers connected with technology and communications, transport, industrials, and manufacturing sectors.

 

Deal highlights: 32nd edition (2021/2022)

Erste Group Bank banking deal with Feneberg Group

MÁV Magyar Államvasutak €113 million public procurement

Nemzeti Infrastruktúra Fejlesztő €851 million railway public procurement

Tungsram Operations banking deal with the Hungarian Export-Import Bank

Volánbusz joint venture with MVM Mobiliti

 

Client feedback: 32nd edition (2020/2021)

M&A                                                                                       

"Responsiveness, quality of work."

Zita Albert      

"Availability, quality of work and solution oriented."

HP Legal Hajdu & Partner Law Office

HP Legal Hajdu & Partner Law Office was established in 2008. It is an independent law firm based out of Budapest. While it does not have any international offices, the firm is a member of new circle international firm network.

 

Focusses / specialisms

The firm is known for its work in banking and finance matters.

The banking and finance team assists in project and acquisition finance matters within the financial services and real estate sectors.

 

Key clients

Notable clients for the firm include Hungarian Development Bank, K&H Bank, International Investment Bank and Takarékbank, OTP Bank, MKB Bank, Budapest Free Port Logistics, KÉSZ Holding, Kopaszi Gát, Market Asset Management, Budapest Bank and Eximbank.

 

Research period review: 32nd edition (2021/2022)

During the research period the firm was active in banking and finance matters.

In banking and finance the firm worked on project finance, acquisition finance and real estate matters for clients connected with the financial services.

 

Deal highlights: 32nd edition (2021/2022)

Hungarian Development Bank€25 million project finance of a solar power plant

K&H Bank €5 million deal acquisition of a management buyout

Nagy & Trócsányi

Nagy & Trócsányi is among the largest independent firms in the Hungarian market. The firm is known and has been present in the market since 1991. It has been part of the large global law firm network Lex Mundi since 2002. For a number of years, Latham & Watkins has used the firm in a number of banking and finance mandates.

 

Focusses / specialisms

The firm is traditionally strong in M&A and its banking and finance practice benefits from its work related to real estate, corporate projects, mergers and acquisitions, credit facility and collaterals agreements and restructuring. The firm often advises multinational corporations, as well as advising major commercial banks.

 

Key clients

Key clients of the firm include OTP Bank, Raiffeisen Bank, Sberbank Hungary, Erste Bank Hungary, Scania, DAF Trucks, Booking.com, Hungarian National Asset management, Hungarian Post, Amphenol and DDB Budapest.

 

Research period review: 32nd edition (2021/2022)

During the research period the firm was active in banking and finance and M&A matters.

In banking and finance markets, the firm worked in financial regulatory services deals for clients connected with automotive and toil and gas sectors.

In M&A markets, the firm worked on private acquisitions connected with technology, pharmaceuticals and life sciences.

 

Deal highlights: 32nd edition (2021/2022)

Houthoff sale and purchase of an international company

DDB Budapest sale transaction of 100% of its stake

 

Client feedback: 32nd edition (2020/2021)

 

Banking and finance                                                                                     

"They are very responsive and are problem solvers. If there is anything we need we get a quick answer."                    

M&A                                                                                       

"Flexible in thought, efficient, knowledgeable and client focused."

Csaba Pigler  

"He is very responsive and follows up with us if we have a deadline to meet. Has good advice."

Rátky and Partners

Established in 2000, Rátky and Partners is a full-service firm, based in Budapest. It employs 11 lawyers, including three partners.

 

Focusses / specialisms

The firm advises on project development work particularly within the mining and energy sectors.

 

Key clients

Key clients include Photon Energy Group, SOLEK Group and Mátra Power Plant.

 

Research period review: 31st edition (2020 / 2021)

Over the research period the firm provided Hungarian legal counsel to energy and power companies on ongoing projects.

Andrékó Kinstellar

Kinstellar is a Czech firm with a pan European network, born out of Linklaters’ exit from the region. The Hungarian office was established in 2000, based in Budapest, and employs 34 lawyers including seven partners.

 

Focusses / specialisms

The firm is well known for its financing experience, particularly in large cross border loans and project financing, though also has strong capacities in project development, where it advises in the energy industry.

The firm advises foreign banks and financial instuitions in local aspects of bond issues and advises syndicates of banks as bookrunners of bond issues. The team is also active in equity capital markets, where it assists clients in IPO’s, secondary offerings and private placements.

The firm is known for its cross-border M&A capabilities, where it advises local and international clients. The firm has strong sector work advising buyers and sellers in energy and real estate, private equity, technology,telecommunications and finance.

 

Key clients

The firm worked with important regional banks including K&H Bank, Budapest Bank, Commerzbank, Hungarian Eximbank, MFB, the Hungarian Development Bank, as well as Unicredit and Citibank. It advised Nemzeti Közművek the national public utility company and MVM, the largest Hungarian power company. It also worked with Genesis Capital and Union insurance.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Borrower side

"Very quick and effective service."

 

Bank lending: Lender side

"High-quality analysis, solution-oriented approach."

 

Banking

"Extremely responsive, good legal skills."

 

Banking and finance

"Fast and precise work, keeping deadlines."

 

Capital markets

"Professionalism - accuracy - deep knowledge of the capital market procedures."

 

M&A

"Exceptionally well prepared, client-focused, always at hand."

 

Project development

"I have worked with Kinstellar for a number of years and have always found them to be excellent. Extremely responsive and knowledgeable in their area of expertise. I would have no hesitation recommending them to clients and look forward to continuing to work with them in the future."

 

Project development: Energy

"Superb knowledge on the real estate/private land acquisition issues. Advice is extremely on point, from the client's (being the buyer in the transaction) perspective. The team are always available to provide advice and organisation is very efficient."

"The service is very fast and flexible."

Bán S Szabó & Partners

Established in 1997, Bán S Szabó Rausch & Partners was formed out of a reorganization of the Budapest office of Shearman & Sterling. It is a member of the IBLC legal network.   

 

Focusses / specialisms 

In terms of M&A work the firm is active in local transactions and serves as local counsel in multi-jurisdictional deals as well.  The firm has experience in sectors like telecommunications, manufacturing, agriculture, and public infrastructure. 

 

Key clients 

Notable clients include Vodafone, Medtronic, Vantage Towers and NIF National Infrastructure Developing 

 

Client feedback: 31st edition (2020/2021) 

M&A 

"Dependable, supportive, smart." 

"The firm is agile and able to provide flexible support. They are approachable with a clear and commercial approach."

BDO Legal Jókay & Partners

BDO Jókay Law Office is the Hungarian office of the multinational law firm network BDO. It is a part of a network of 162 countries across the globe.

 

Focusses / specialisms

The banking and finance team assists clients in Hungarian aspects of multi-jurisdictional transactions. In particular it has experience establishing new banking entities in Hungary.

Debt capital markets is an active area for the firm, where it advises bond issuers in the preparation and issuance of new bond issues, as well as providing advice through all stages of transactions.  

The M&A team advises local and international clients in Hungarian aspects of cross-border transactions. It provides advice in several sectors including life sciences, technology and manufacturing on both the buy side and sale sides.

 

Key clients

Notable clients include Takarékbank, LIBRA Internet Bank, Finstar Financial Group and Master Good.

 

Client feedback: 31st edition (2020/2021)

M&A

"Fast and clear reaction, explanation of the declaration."

"The law firm usually gives well-grounded advice, which means at the same time high legal professionality and good understanding of business and client needs. Pricing is also very competitive, in particular if compared to the international law firms."

Deloitte Legal Göndöcz and Partners Law Firm

Deloitte, a “big four” accountancy firm, has an international professional services and legal network. In Hungary, Deloitte Legal Göndöcz and Partners Law Firm is based in Budapest, where it employs over 25 lawyers including seven partners. 

 

Focusses / specialisms 

The firm most active in the banking sector where it advises on project financing and the acquisition and sale of NPL (non-performing loan) portfolios.  

Its M&A offering advises on cross border transactions for buy side and sale side clients. In addition, it is active in private equity transactions and joint ventures.  

The capital markets work for the firm includes full advice to issuers in regard to public offerings and issues of bonds. It has experience working on sustainable bond frameworks and asset-backed securities.  

 

Key clients 

The firm worked banks and financial institutions like K&H bank, Casper Consumer Finance, Sberbank and MCI Euroventures. It advised companies like Hell Energy, beverage producer and LDC-Tranzit Holding, the agriculture company. Other clients include CHP Energia Zrt Indotek Group and PSFN 

 

Client feedback: 31st edition (2020/2021) 

Banking and finance 

"Turnaround time. Subject understanding. Personal attention." 

 

Bank lending: Lender side 

"Flexible, fast, kind, professional, proactive." 

 

Capital markets: Debt 

"Analysis, assessment." 

“Experienced and detailed knowledge of debt capital markets." 

Dentons Réczicza

Réczicza Dentons Europe formed out of a move of White & Case equity partners Istvan Reczicza, Rob Irving and Edward Keller moving to Dentons in 2015. Dentons is an international firm, with a network in over 75 jurisdictions, with a presence in Hungary for over two decades. Its office in Budapest employs an excellent team of lawyers and partners.

 

Focusses / specialisms

The firm is strong across all areas of financial and corporate law, though has a particular expertise in banking and project work, particularly project financing.

Capital markets advice ranges from complex bond issues to IPO’s and structured finance drafting and issue.

The projects offering stands out in the energy sector, where it has led on many solar projects.

The M&A team is strong in key areas like technology, media, finance, healthcare and energy. It advises buyers and sellers on private equity and strategic transactions that are mostly cross border.

 

Key clients

The firm worked with banks like UniCredit Bank Hungary, Bank of Montreal and Raiffeisen Bank. It advised energy constant group GTC Group, as well as pharmaceutical company Vascular Plazma and technology company Invitech ICT Services.

 

Client feedback: 31st edition (2020/2021)

M&A

"Multi-jurisdictional advice on complex M&A transactions. On this particular deal we used their offices in Hungary, China, Singapore and the US."

"Very good global network and cooperation amongst offices."

 

Project development: Energy

"Energy industry experience, bringing in best practices from other countries. Accuracy, reliability."

 

Restructuring: Corporate

"Depth and breadth of knowledge in structuring the transaction."

Dentons Réczicza

Réczicza Dentons Europe formed out of a move of White & Case equity partners Istvan Reczicza, Rob Irving and Edward Keller moving to Dentons in 2015. Dentons is an international firm, with a network in over 75 jurisdictions, with a presence in Hungary for over two decades. Its office in Budapest employs an excellent team of lawyers and partners.

 

Focusses / specialisms

The firm is strong across all areas of financial and corporate law, though has a particular expertise in banking and project work, particularly project financing.

Capital markets advice ranges from complex bond issues to IPO’s and structured finance drafting and issue.

The projects offering stands out in the energy sector, where it has led on many solar projects.

The M&A team is strong in key areas like technology, media, finance, healthcare and energy. It advises buyers and sellers on private equity and strategic transactions that are mostly cross border.

 

Key clients

The firm worked with banks like UniCredit Bank Hungary, Bank of Montreal and Raiffeisen Bank. It advised energy constant group GTC Group, as well as pharmaceutical company Vascular Plazma and technology company Invitech ICT Services.

 

Client feedback: 31st edition (2020/2021)

M&A

"Multi-jurisdictional advice on complex M&A transactions. On this particular deal we used their offices in Hungary, China, Singapore and the US."

"Very good global network and cooperation amongst offices."

 

Project development: Energy

"Energy industry experience, bringing in best practices from other countries. Accuracy, reliability."

 

Restructuring: Corporate

"Depth and breadth of knowledge in structuring the transaction."

DLA Piper Posztl Nemescsói Györfi-Tóth and Partners

DLA Piper is a global firm with offices in over 40 jurisdictions. In Hungary, the firm operates in cooperation with Posztl, Nemescsói, Györfi-Tóth and Partners Law Firm, which is based in Budapest. The office there employs 48 lawyers including 10 partners.

 

Focusses / specialisms

The firm’s banking offering provides a full range of services and assists groups of banks in trade financing and syndicated cross-border lending

The firm is strong in transactional work, focusing primarily on M&A and banking, particularly in cross border deals and the real estate sector.

Active in capital markets, the department advises issuers of green bonds, complex bond issues, IPO’s, share buy-backs and private placements. 

The firm is strong in infrastructure and energy related projects advice. It assists clients in renewables deals, social infrastructure, transportation and nuclear energy projects.

 

Key clients

The firm advised a range of banks, including UniCredit, Erste Bank, Eximbank and Deutsche Pfandbriefbank. It worked with international clients, like Prudential Insurance Company of Canada, as well as Vanessa Research and Dante international and local clients like Lampo.

 

Client feedback: 31st edition (2020/2021)

Banking             

"Long-term experience of key personnel combined with diligence in drafting; thorough knowledge of legal framework and market practice."

 

Banking and finance

"Solid background knowledge, huge experience in EU financing."

 

Capital markets : Debt

"DLA Piper Hungary has extensive legal and negotiation skills. They are responsive and solution-oriented."

 

Investment funds: Real estate funds

"A reputable and versatile legal team in the real estate field. They approach the transactions not only from a legal but also from a business and economic point of view and they intend to find the best legal/business solution to even the most complex issues."

 

M&A

“DLA is a full-spectrum law firm, helped us on many different areas, such as IP, sale and purchase, M&A, financial."

"Drafting high-quality documents. Keeping deadlines. High value-added in deal negotiations. Solid understanding of both the legal and business aspects."

"Legal analysis (capacity and depth), clarifications with the supervisory authority."

"Professional knowledge, size, outstanding in the market."

 

Project development: Energy

"Professional and responsive."

Erdős | Katona

Erdős I Katona Law Firm formed in 2020 out of the departure of several managing partners and department heads from the Deloitte Hungary legal team and highly regarded partner Gyorgy Katona form Katona Legal.

 

Focusses / specialisms

The banking and financial department provides advice to borrowers and lenders in complex transactions. It advises in project finance, loans and refinancing agreements.

The capital markets team has experience in IPO’s, capital markets compliance matters and investment services.

The projects offering brings with it experience in renewable energy and project agreements including power purchase agreements and EPCs. The team also assists on project management matters including contracts and legal due diligence for projects.

 

Key clients

Notable clients for the firm include Arca Capital, Cordia Homes an Erste Bank, OTP Bank, Nova Green Energy HELL Energy and Greencells Group.

 

Client feedback: 31st edition (2020/2021)

Banking

"They were solution-focused and flexible, understanding the economic rationale behind our approach as well, though effectively representing their client's (MKB) interest also."

 

Banking and finance

"Despite being the legal adviser of the borrower, the law firm also took the bank's interests into consideration and did not make any unnecessary or overly excessive suggestions."

 

Capital markets: Debt

"They are very quick, effective and business-minded lawyers - they understand what the client needs and deliver it effectively."

 

Project development: Energy

"professional. Experienced. Open. Flexible."

 

Project finance

"Professional experience and commitment. She fully understands the business and legal. She was experienced, high knowledge. She had a precise approach."

Gárdos Mosonyi Tomori

Established in 1992, Gárdos Mosonyi Tomori Law Firm is an independent full-service firm, based in Budapest. It employs an expert team of lawyers, including six partners, and is part of the Advoc legal network, which connects the firm to over 90 independent law firms worldwide.

 

Focusses / specialisms

The firm is active across corporate and financial law, with a penchant for financing and financial services regulatory work. Its banking practice is experienced in matters ranging from fintech to assisting banks is developing new products and bond programs.

The capital markets team often assists banks in all aspects related to issuing bonds. The firm also works with financial institutions like investment funds and real estate development funds.

Corporate and M&A work for the firm includes public and strategic transactions where it is very active with companies in the finance, banking and insurance sectors.

 

Key clients

The firm worked with important banks like Unicredit and Raiffeisen Bank and advised renewable energy producer Sunpremium, as well as insurance company NN Insurance.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

100% reliable legal and financial/banking knowledge, very effective time management, professionality."

 

Banking             

“Let the client understand the underlying reasons of any clause in the contract. Patience. Neutral. Very well educated and experienced staff. Create a positive atmosphere in difficult situations."

 

Capital markets

"Precise, professional support and advising."

“Vast professional experience, clear and precise professional opinions, constructive cooperation."

 

Capital markets: Debt

"Very professional and client-focused."

 

Capital markets: Equity

"High-level and deep knowledge, client-centric support, flexible."

 

Insolvency

"Expertise, and responsiveness in a timely manner."

 

Investment funds

"Very professional in every aspect as always."

 

Project development

"Full A-Z support, from legal and commercial view, main and biggest contributor to deliver the very complex rental and construction contracts."

 

Restructuring and insolvency

"Well-prepared team, sound and timely advice in a concise form."

Hegymegi-Barakonyi Baker McKenzie

Baker Mckenzie is an international firm with offices in 46 countries. The Hungarian branch of the firm was established in 1987, in Budapest. The named managing partner, Zoltán Hegymegi-Barakonyi, joined the firm in 1994. Currently the office employs 22 lawyers, including eight partners.

 

Focusses / specialisms

The firm is notable for its corporate transactional work, particularly as one of the preferred advisors to the government. It is well known for its expertise in the energy industry.

The banking and finance offering from the firm sees the team assisting on cross-border transactions, syndicated financing and project finance. The firm is well connected to local and international banks, assisting them as lenders.

Projects sees the firm focus on energy, including solar and natural gas. It also has experience in transportation infrastructure and foreign greenfield investment.

 

Key clients

The firm advised regional banks, like ING Bank, OTP bank, Magyar-Export-Import Bank and PKO Bank. It advised several funds, like Warburg-HIH Invest Real Estate and the Luxembourg based investment fund DEREIF SICAV-FIS. It worked with several energy clients, like MET and MOL Group.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Borrower side

Professional behaviour, flexibility, proactivity."

 

Bank lending: Lender side

“Competitive fee quotes, partner involvement."

"They were always approachable for consultation purposes, also they have one of the quickest reactions in the market. Additionally, having a business mindset that makes the negotiation - both lender/borrower -easier to handle."

 

M&A

"Discretion, communication, reliability, legal expertise, negotiation support."

"Knowledge/expertise, responsiveness/availability, great people."

"Strong background in M&A deals, deep local and international legal knowledge."

 

Project development: Energy

"They understand the business well. They can cover multiple areas, like energy law, M&A, corporate, employment, competition law in multiple jurisdictions (e.g. Hungary and Switzerland). They are excellent project managers, too. They are flexible and responsive. We have a very good personal relationship, too, that we can rely on under extraordinary circumstances, like the challenges under the current pandemic situation."

"Very professional, organised and competent."

Jalsovszky

Established in 2005, Jalsovszky Law Firm is an independent business focused firm, based in Budapest. It employs 18 lawyers, including three partners. It is a member of the International Lawyers Network.

 

Focusses / specialisms

The firm has notable banking and finance and M&A capacities. Banking work includes the sale and acquisition of non-performing loans, project finance, debt restructuring and other complex financings.

The firm can advise companies in bond issues, investment funds in foundation and termination and promissory notes.

                                                                                                                                       

Key clients

The firm’s clientele includes important regional banks and financial institutions, such as OTP Bank, K&H bank, MFB (Hungarian Development Bank) and Intrum. It worked with private equity funds like Hiventures and Reditus Equity.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

"Professionalism, profound knowledge on lending transactions and distribution via syndication, proactivity, speed and accuracy of their work, availability."

"Quick responsiveness, always helpful."

"They are using LMA light wording which is easier to understand. They were fast, accurate and flexible. Good to work with."

 

Investment funds

"Responsive, good work ethic, available at odd hours, professional, experts in their fields."

 

M&A

"Full scope M&A advisory including drafting of SPA and accompanying documents, helping with banking documents, taking part in negotiations with the counterpart."

"Professionalism, quick reactions, proactiveness, very highly experienced."

"They are very competent, great problem-solvers, very nice people."

 

Restructuring: Corporate

"The law firm is always thinking along, I can always call them to get a straightforward and clear answer. They fully understand our business, so we don't lose time on explaining ourselves."

Lakatos Köves & Partners

Based in Budapest, Lakatos, Köves and Partners, is an independent local firm established in 1991. As one of the larger firms on the Hungarian market, it employs 37 lawyers, including nine partners.

 

Focusses / specialisms

The firm is experienced and active on high-end deals across all areas covered by the rankings. It often acts on behalf of international firms who do not have a local subsidiary and has an expertise in the telecoms industry.

The capital markets team is known for its work in sovereign bond issues, securitizations, IPO’s, derivatives and green bonds issues.

The M&A group has a strong offering, advising buyers and sellers in a range of industries. It is active in cross-border joint ventures and acquisitions and is active in telecommunications, real estate and energy.

Projects advice ranges from assisting energy companies in development of solar, nuclear and geothermal power. In addition, the team is active in aviation, transportation infrastructure and real estate.

 

Key clients

The firm advised Indotek, the venture capital fund, as well as a Chinese import-export bank, the energy company Innogy and Vodafone.

 

Client feedback: 31st edition (2020/2021)

Banking

"They were very responsive, handling urgent enquiries with professionalism and providing accurate and commercial advice to help us progress forward."        

 

Banking and finance

"I had only good experiences with them, which is the reason I am using this firm on a regular basis. The firm's delivery is professional and focused on our needs."       

"This law firm is very responsive and experienced at international banking and finance transactions. They are able to help our clients to navigate the various requirements of Hungarian law in a commercially minded way - crucial to ensuring a smooth and successful transaction."            

 

Capital markets: Debt

"Proactively on top of all of the relevant issues."

 

M&A

"Experience within this area, and their willingness to negotiate on our terms and with our perspective from an unusual business area."

"Lakatos Koves and Partners provided their services in a professional and efficient manner, delivering their inputs timely and generally being very responsive."     

"The collaboration with Lakatos Koves and Partners was very smooth and good. They are very responsive and supportive, and their advice is always very clear and helpful."

 

Project development: Energy

"Comprehensive and professional service provided. Checked in detail all circumstances and helped to find the right way to argue."           

"Professional, well informed. Dynamic, solution-driven."

"They provide fast communication and they are very qualified in the energy sector and professional."           

Lengyel Allen & Overy

Allen & Overy is a British magic circle firm, with an international network that includes offices in 31 jurisdictions. The Hungarian branch of the firm was established in 1993, based in Budapest and employs eight lawyers including one partner.

 

Focusses / specialisms

The firm has a strong offering across financial and corporate law; however, it has a focus on debt capital markets, particularly with local securities law, as well as cross-border financing and acquisitions.

The banking and finance offering from the firm advises on large and complex project finance transactions

M&A is a strong area for the firm, where it advises in cross-border transactions, advising both buyers and sellers. The team assists strategic and private equity deals.

 

Key clients

The firm worked with several local and international banks, such as UniCredit Bank Hungary, CIB Bank, Raiffeisen Bank and International Investment Bank. It also worked with listed companies like Mol, Mercedes-Benz Manufacturing and Masterplast.

 

Client feedback: 31st edition (2020/2021)

Capital markets

"Allen & Overy in Hungary was professional in any and all manner."

"Quick, timely responses, professionalism, client-focused, deep knowledge of industry, country."

Partos & Noblet

Hogan Lovells, an international firm with a network including offices in 26 jurisdictions, operates in Hungary in association with Partos & Noblet. The office, based in Budapest, employs an expert team of partners and lawyers.

 

Focusses / specialisms

The firm is well versed in financial and corporate law, often working as local counsel in conjunction with its international network. It worked with a range of strategic and private equity clients.

The banking practice advises in refinancing and debt restructuring, cross border loans and other complex work for borrowers and lenders. The team also stands out for its work in fintech and project finance.

 

Key clients

The firm worked with notable private equity and venture capital funds, such as Revetas Capital, Oriens Fund, Danube Fund, JR AMC and FSCP, as well as banks like Goldman Sachs, Magyar Cetelem (part of BNP Paribas) and Hamburg Commercial Bank. The firm worked with strategic clients like Medicover, Labcorp and Gentherm.

 

Client feedback: 31st edition (2020/2021)

Banking and finance

Partos & Noblet were capable of fully understanding our needs and advising us proactively throughout the whole process. Also, they were accessible 24/7 which was a great merit considering the time gap between Korea and Hungary. Furthermore, Partos & Noblet are very skilled in negotiating terms."

"Very good market knowledge, solid professional basis, quick reaction time, good understanding of the client's business, practical approach."

 

Investment funds: Private equity funds

They were helpful and unbiased during the process. They responded to our problems with quick and professional solutions."

 

Financial services regulatory

"All the lawyers are very knowledgeable and approach tasks with a pragmatic approach. The whole team are very friendly."

 

M&A

"Precise, creative, accessible."

Peterka & Partners

Peterka & Partners is a full-service firm with offices across the CEE region including Hungary, Czech Republic, Slovakia, Poland, Romania, Bulgaria, Belarus, Ukraine and Russia.


Focuses/ specialisms

The firm has a focus on M&A work.

Sándor Szegedi Szent-Ivány Komáromi Eversheds Sutherland

Sándor Szegedi Szent-Ivány Komáromi is the Hungarian branch of Eversheds, the global firm with 68 offices spread over 32 jurisdictions. The firm’s office is located in Budapest.

 

Focusses / specialisms

The firm has a strong experience in cross-border M&A. It advises buyers and sellers that are local and international.

 

Key clients

Among its M&A clients are Aspen, Avis Budget Group, Eaton, Red Bull, Tenneco and Toyota.

 

Client feedback: 31st edition (2020/2021)

Financial services regulatory

"They evaluate risk of projects and give advice on how to reduce these risks."

 

Insolvency

"They are precise, proactive and on time."

Szecskay Attorneys At Law

Szecskay Attorneys at Law is based in Budapest, Hungary.


Focuses/ specialisms


The firm has a focus on banking and finance and M&A. In the banking space, the firm advises lenders in secured and unsecured financing's. The firm also represent corporate borrowers.

 

Key clients

Key clients include Auchan, L'Oréal and Reckitt Benckise.

Wolf Theiss Faludi

Wolf Theiss is an Austrian firm with a network across central and eastern Europe, including offices in 13 countries. The Hungarian branch of the firm is based in Budapest where it employs 30 lawyers including four partners.

 

Focusses / specialism

The firm is strong in energy project development work, as well as working on private equity M&A deals.

The banking and finance team assists clients in loans, project finance, commercial lending and regulatory advice. The firm assists both borrowers and lenders in cross border transactions.

The firm’s projects offering has particular expertise in energy advice, assisting clients in renewables like solar and wind, as well as hydrocarbons like natural gas. 

M&A work for the firm includes cross border transactions, assisting both buyers and sellers.  The team is assists in private equity transactions, as well as strategic and public acquisitions. 

 

Key clients

The firm advised private equity clients like COMVEST Partners, Fondo Strategico Italiano and Oaktree Capital Management, as well as leaders in renewable energy like Optimum Solar and Recom.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

"Hands-on advice, good responsibility, clear and comprehensive explanation on local law issues."

 

Banking and finance

"Flexible - focused - responding fast - good quality of the legal work."

"Prompt availability, adequate solutions, constructive attitude."

 

M&A

"Excellent support and availability most of the time. Excellent advice on even the most complicated commercial cases/disputes during a lengthy negotiation."

"Well-known, highly experienced, industry knowledge, short response time."

 

Project development

"Very high professionalism. Great knowledge of the areas where legal services were required. High level of legal opinions and advice. Full representation of the client in negotiations, in relationships with partners, buyers, governmental and other local authorities. High level of prepared legal documents. Fast and regular communication via emails and phone at any time when needed. Very high ethical standards. Clear billing system and detailed invoices. Focus on results in the interests of the client. Excellent market knowledge. Good connections with market players."

 

Project development: Energy

"Very highly professional energy lawyers, highly competent in supporting the deals and contracts."

 

Restructuring: Bond holder and fund representation

"Professional approach, flexibility, extensive transactional experience and financial law knowledge."