Firms To Watch: Banking, finance and capital markets

The banking, finance and capital markets group at Taylor Wessing Hungary draws on the bench strength of the firm’s global network to advise both borrowers and lenders alike on matters ranging from debt financings and facility agreements to acquisition financings and the sale and purchase of receivable and loan portfolios.

Banking, finance and capital markets in Hungary

A&O Shearman

Powered by the May 2024 merger of Allen & Overy and Shearman & Sterling, A&O Shearman remains a port of call for corporates in such sectors as energy and entertainment and domestic and multinational financial institutions (including The European Bank for Reconstruction and Development, UniCredit and Deutsche Bank) involved in complex, high-value, cross-border structured finance and capital markets transactions. The practice is headed by managing partner Miklós Kádár, who brings expertise to project finance, margin lending and leveraged finance matters; Károly Fóti, a specialist in real estate and solar power projects; Norbert Hete, who handles regulatory compliance matters, in addition to straight debt, covered bond and equity capital market mandates. Other key figures include András Bajzik and Zsuzsanna Gordos, who assists clients with EMTN and GMTN programmes.

Praxisleiter:

Miklos Kadar; Karoly Foti; Norbert Hete


Weitere Kernanwälte:

András Bajzik; Zsuzsanna Gordos


Referenzen

‘Karoly Foti is a very experienced lawyer with strong analytical skills that support the client to make decisions even in high-pressure situations.’

‘Solid knowledge of both the academics and practice, and also a very collaborative team.’

‘Zsuzsanna Gordos – supportive, contemplative.’

Kernmandanten

The European Bank for Reconstruction and Development


International Finance Corporation


Intesa Sanpaolo Bank


KfW IPEX-Bank GmbH


OTP Bank Plc.


OTP Mortgage Bank Plc.


MVM Energy Ltd.


Joint lead managers


MOL Plc. and MOL Group Finance Plc


MBH Bank Plc.


UniCredit Bank Hungary Zrt.


UniCredit Bulbank AD


Deutsche Bank Luxembourg SA


Deutsche Pfandbriefbank AG


Highlight-Mandate


  • Advised EBRD, IFC and Intesa Sanpaolo Bank on the financing of an affiliate of Voltalia on the development of a photovoltaic solar power plant near Karavasta, Albania.
  • Advised OTP Bank on the update of its EUR 5bn EMTN programme both in 2023 and 2024.
  • Advised Deutsche Bank Luxembourg S.A. in relation to the amendment of an English law-governed, originally $100m bilateral revolving credit facility for SK Battery Manufacturing Kft, a Hungarian subsidiary of the Korean SK Group.

Kinstellar Andrékó Ferenczi & Társai Ügyvédi Iroda

The team at Kinstellar Andrékó Ferenczi & Társai Ügyvédi Iroda continues to be a leader, bringing expertise to advising regional and global financial institutions (including BNP Paribas, Raiffeisen Bank, UniCredit, J.P. Morgan and Bank of China), on high-value, cross-border banking and finance transactions, in addition to complex financial regulatory matters and capital market transactions. Bolstered by the transfer to Kinstellar (in April 2024) of the German firm Noerr’s offices in Bratislava, Bucharest and Prague, as part of a non-exclusive arrangement, the team is headed by Levente Hegedüs, an expert in EMTN and covered bond programmes, bond and share issues and IPOs. Other figures of note include Csilla Andrékó, who displays expertise in capital markets; Dalma Ördögh, who handles trade finance, syndicated lending and secured lending; Zsuzsa Andrékó, who brings strength to real estate transactions; and Máté Nagy, who specialises in assisting domestic and international lenders and borrowers with a full range of debt matters.

Praxisleiter:

Levente Hegedűs


Weitere Kernanwälte:

Csilla Andrékó; Dalma Ördögh; Zsuzsa Andrékó; Máté Nagy


Referenzen

‘In depth legal and market knowledge, understanding service.’

Kernmandanten

OTP Bank Nyrt.


Raiffeisen Bank Zrt.


J.P. Morgan


UniCredit Bank Hungary Zrt.


Bank of China


Erste Bank Zrt.


BNP Paribas


CTP


Citigroup


HELEXIA S.A


Highlight-Mandate


  • Advised CTP on a €90m secured, multi-borrower facility with Erste Bank Hungary Zrt. and Erste Group Bank AG to finance 4 logistics and industrial assets in Hungary.
  • Advised Erste Group Bank AG, Goldman Sachs, ING Bank, J.P. Morgan and Raiffeisen Bank as joint lead managers in connection with the Reg S EUR 1bn note issue by Eximbank.
  • Advising Raiffeisen Bank Zrt. in connection with the financing regarding BEM Palace.

CMS

The powerhouse banking and finance practice at CMS remains a market leader, harnessing the bench strength of a global network of 80 offices in 45 countries to advise domestic and multinational financial institutions (UniCredit, Raiffeisen, Bank of China), on wide range of matters across the practice space. They range from complex, high-value acquisition and project financings (including energy and real estate projects) and regulatory compliance to restructurings and insolvencies, portfolio transfers, private equity mandates and capital markets matters. The team is headed by Erika Papp, an expert in capital markets and derivatives, investments, bank transformations and acquisition finance. Other key figures include Eszter Török, a specialist in portfolio transfer transactions; Sándor Kovács, an experienced advisor on regulatory matters; and Árpád Lantos and Dorottya Varga-Giesz. Former Dentons country manager Gábor Király rejoined the practice in September 2024.

Praxisleiter:

Erika Papp


Weitere Kernanwälte:

Eszter Török; Sándor Kovács; Árpád Lantos; Dorottya Varga-Giesz


Referenzen

‘Amazing team, reactivity, professional, goal-oriented.’

‘CMS Hungary provides Hungary and English law legal services and coordinates lawyers of different jurisdictions – this is very useful and practical, especially in transactions where many jurisdictions/applicable laws are involved.’

‘Working with CMS has been a game-changer for our business. They are not only highly responsive but also offer creative solutions that have consistently led to successful outcomes. Their attention to detail is second to none.’

Kernmandanten

Atenor


CIB Bank / Intesa Sanpaolo SpA


Corvinus Zrt.


Erste Bank


K&H Bank Ltd.


MBH


OTP Bank Plc.


UniCredit Bank Hungary Zrt.


EBRD


Raiffeisen Bank Ltd.


Bank of China


Highlight-Mandate


  • Advised Corvinus Zrt. (an investment vehicle of the Hungarian Ministry for National Economy), together with French VINCI Airports SAS as minority shareholder, on the acquisition of 100% of the group of companies operating the Budapest Liszt Ferenc International Airport.
  • Advised coordinator and facility agent Raiffeisen Banking Group on the EUR 600m nine-banking-group club multicurrency revolving credit facility for the MOL Group.
  • Advised lenders on the $860m financing of a cathode material plant in Hungary.

Dentons

Dentons remains a key port of call in the marketplace, pairing the bench strength of its global network (over 160 locations in over 80 countries worldwide) with the expertise of its team to advise local and international banks (including UniCredit, Deutsche Bank), funds, insurance companies and corporates in such sectors as real estate, automobiles, oil and gas, e-commerce and aviation, on high-value, multi-jurisdictional transactions. The group's full offering covers real estate, project and acquisition finance, regulatory compliance, insolvency, derivatives and capital markets. The practice is headed by Edina Schweizer, who arrived in June 2024 from Noerr, and who applies over two decades of experience to transactional and capital markets matters. Another key figure is Gabriella Pataki, who specialises in restructurings and insolvencies.

Praxisleiter:

Edina Schweizer


Weitere Kernanwälte:

Gabriella Pataki; Barbara Herczegfalvi; Ádám Brecko


Kernmandanten

Truist Bank (US)(Citigroup)


UniCredit Bank Hungary Zrt.


Bock Group


Extreme Digital-eMag Kft.


Kommunalkredit Austria AG


Merkantil Bank Zrt.


Indotek


Deutsche Bank AG


Highlight-Mandate


  • Advised Truist Bank, acting as agent, on a $300m oil rig financing for the ‘Aquila Rig’ through a bond issuance by Transocean Ltd.
  • Advised UniCredit Hungary on the amendment of a development loan to GTC to develop the 29,000 m2 ‘Pillar Office’ building.
  • Advised Bock Group as borrower on the amendment of its EUR 45m syndicated loan from a consortium of German banks, led by Bayerische Landesbank and Deutsche Bank as mandated lead arrangers.

DLA Piper Posztl, Nemescsói, Györfi-Tóth and Partners Law Firm

Backed by a network of over 40 locations spanning the Americas, Europe, the Middle East, Africa and the Asia Pacific, DLA Piper Posztl, Nemescsói, Györfi-Tóth and Partners Law Firm remains a market leader, leveraging the bench strength of its team to advise domestic and multinational financial institutions (including UniCredit Group, Raiffeisen, National Bank of Hungary) on a diverse spectrum of banking and capital markets matters, ranging from high-value project finance (in energy and real estate) and restructurings to regulatory compliance, bond issuances and contentious finance matters. The practice is led by head of finance and real estate Gábor Borbély, who specialises in asset and acquisition financing and syndicated loans; seasoned arbitrator András Nemescsói, who handles complex regulatory matters, and who co-heads the capital markets group with Gábor Molnár, who advises on such ECM transactions as IPOs and takeovers. Other key figures include Attila Sári, who manages project financings, debt restructurings and the sales of loan portfolios; Jenő Kimmel, who focuses on international credit institutions; and György Boros, András Orbán and Balázs Szalbot.

Praxisleiter:

Gábor Borbély; András Nemescsói; Gábor Molnár


Weitere Kernanwälte:

Attila Sári; Jenő Kimmel; György Boros; András Orbán; Balázs Szalbot


Referenzen

‘DLA is very attentive to its clients’ needs. Furthermore, it takes a holistic approach to the legal problems at hand, taking into account both the short and long-term effects of its solutions.’

‘Gábor Borbély has in-depth knowledge of all legal aspects of lending, not only under Hungarian law, but also for LMA standard contracts.He is always proactive and creative, and provides forward-looking legal advice.’

Kernmandanten

UniCredit Group


Raiffeisen Group


OTP Group


Hungarian Eximbank


Hungarian Development Bank (MFB)


Erste Group


WING


GLP


MVM


K&H Bank


Trevelin Holding Zrt.


WABERER’S INTERNATIONAL Plc


MBH Bank Nyrt.


Gránit Bank Zrt.


National Bank of Hungary


Indotek Group


OTP Bank Nyrt.


BDPST Group


Graphisoft


Pannergy Nyrt


Highlight-Mandate


  • Advised Trevelin Holding Zrt. (unit of Hungarian property developer Indotek) in the sale of 870,000 ordinary shares of series A issued by WABERER`S INTERNATIONAL Plc., an international full truckload (FTL) transportation company.
  • Provided complex legal advice to WABERER’S INTERNATIONAL Plc in connection with the relaunch of its Employee Stock Ownership Program (ESOP).
  • Advising MBH Bank and its owners in the acquisition of a 76.35% stake in Fundamenta-Lakáskassza Lakás-takarékpénztár Zrt.

Lakatos, Köves and Partners

The banking, finance and capital markets team at Lakatos, Köves and Partners continues to be a force in the marketplace, leveraging the experience of its team to advise major international financial institutions (Deutsche Bank, JP Morgan, Goldman Sachs, Citigroup) involved in complex, high-value multi-jurisdictional transactions and regulatory compliance. The practice is jointly led by transactional expert Szabolcs Mestyan, who brings expertise to acquisition finance, securitisation, derivatives and structured finance and asset management and non-performing loan (NPL) transactions; and John Fenemore, a specialist in real estate finance, margin lending and asset finance. Other key names include Balázs Rokob, who displays strength in regulatory matters; Ágnes Ábrahám, who handles cross-border finance and debt capital markets transactions; Gergely Kántor, who manages mandates involving complex banking operations; and Nóra Kertai. Veronika Bakonyi joined the firm from Gárdos Mosonyi Tomori Law Office in April 2024.

Praxisleiter:

Szabolcs Mestyán; John Fenemore


Weitere Kernanwälte:

Balázs Rokob; Ágnes Ábrahám; Gergely Kántor; Nóra Kertai; Veronika Bakonyi


Referenzen

‘Szabolcs Mestyán: very reliable, very commercial.’

‘LKT is a pre-eminent independent law firm in Hungary, handling multiple high-profile cases and clients. The team has real depth, with strong experts across virtually all legal fields.’

‘Szabolcs Mestyan is super capable, mixing legal advice with a very useful business perspective.’

Kernmandanten

Indotek


Deutsche Bank


JP Morgan


HPS Investment Partners


Oaktree Capital Management


Goldman Sachs


Credit Agricole


Citigroup


PNC Bank


ING


Hungiran Development Bank (MFB)


Hungarian Export-Import Bank (HunExim)


Hungarian Export-Import Bank (HunExim)


Bank of America


KKR


Siegler Bird & Bird Ügyvédi Iroda

The banking, finance and capital markets team at Siegler Bird & Bird Ügyvédi Iroda remains a leader in the practice area, assisting Hungarian and multinational financial institutions and businesses in such areas as TMT and energy with high-value, complex project, structured and syndicated financing, refinancing, regulatory compliance and data protection matters. The group is headed by Csongor Tompa, an expert in project finance and syndicated lending transactions. Other key figures include Konrád Siegler, who draws on over three decades handling major financings and regulatory mandates; Gábor Zoltán Szabó, who manages public offerings, private placements, privatisations and bond programmes; Áron Tóth, a specialist in restructurings and collateral enforcements; and Tamás Simon, who counsels on refinancing and debt restructuring.

Praxisleiter:

Csongor Tompa


Weitere Kernanwälte:

Konrád Siegler; Gábor Zoltán Szabó; Áron Tóth; Tamás Simon


Referenzen

‘The team is strong in understanding and supporting complex matters under time pressure with outstanding value for money.’

‘Konrád Siegler’s professional expertise, deep understanding and human touch differentiates him from most lawyers.’

‘The Bird & Bird team provided exemplary professional advice on a highly complex transaction. We could always depend on their exceptional ability to navigate intricate legal challenges with efficiency. Additionally, the team’s clear communication and collaborative mindset were pivotal in successfully concluding the deal.’

Kernmandanten

Magyar Aerojet


Deutsche Bank


MBH Bank


HYPO NOE Landesbank AG


UniCredit Bank


MOL


Alfa Vienna Insurance


Highlight-Mandate


  • Advising on the financing of a solar power plant project in Paks, Hungary.
  • Provided legal services to HYPO NOE Landesbank für Niederösterreich und Wien AG in relation to the financing of Bluebonnet Kft.
  • Advised ING Bank N.V. in connection with a share purchase agreement and a call option arrangement with MOL (Hungarian Oil Company) regarding MOL shares.

Wolf Theiss Faludi Ügyvédi Iroda

With locations spanning the CEE and SEE regions, the banking and finance team at Wolf Theiss Faludi Ügyvédi Iroda remains a force in the marketplace, advising insurers and domestic and multinational financial institutions (including Raiffeisen Bank International and BNP Paribas) and corporates across such sectors as energy, transport, infrastructure and pharmaceuticals, on matters ranging from project finance, commercial lending and private equity finance to credit-linked notes, securitisation and takeovers. The practice is led by two experienced partners: Melinda Pelikán, who brings expertise to financing construction and infrastructure projects, and Gergely Szalóki, who, in addition to M&A finance and capital markets matters, provides extensive financial regulatory advice. Another name to note is László Lovas, who regularly assists credit institutions, public and private companies and investment fund managers.

Praxisleiter:

Melinda Pelikán; Gergely Szalóki


Weitere Kernanwälte:

László Lovas


Referenzen

‘Gergely Szaloki is an accomplished banking and finance lawyer and our go-to contact for financing transactions with a Hungarian angle. He is easy to work with, pragmatic and knows his stuff.’

Kernmandanten

OTP Bank


Vienna Insurance Group (VIG)


Budapest Airport


Raiffeisen Bank International


BNP Paribas


Highlight-Mandate


  • Advising the Lenders in connection with a sales transaction in which VINCI Airports and Corvinus (an investment fund fully owned and managed by the Hungarian State) purchased 100% of the shares of Budapest Liszt Ferenc International Airport from a consortium of sellers composed of AviAlliance, Malton and CDPQ.
  • Advising BNP Paribas on the sale of their customer loan operations in Hungary, Bulgaria, Czech Republic and Romania.
  • Advising Vienna Insurance Group (VIG) with regard to all legal and regulatory aspects related to the purchase agreement to acquire an additional 35% of Hungarian holding company VIG Magyarország Befektetesi Zrt., from the Hungarian state holding company Corvinus.

Deloitte Legal Göndöcz and Partners Law Firm

The banking, finance and capital markets team at Deloitte Legal Göndöcz and Partners Law Firm channels the experience of its team to advise domestic and multinational financial institutions (Bank of China, National Bank of Hungary) and corporates across the real estate, automotive, healthcare and energy sectors, on high-value, cross-border regulatory projects and financing transactions. The practice's full offering covers restructurings and compliance, AML, capital markets and project and acquisition finance matters. The team is headed by capital markets expert Linda Al Sallami, who brings expertise to greenfield and renewable energy projects and real estate financing. Other key figures include Péter Göndöcz, who advises private equity houses, venture capital and multinationals on investment management; Sára Rideg, who manages complex energy regulatory matters; Anett Csiszár, a specialist in AML; and Zoltán Zagyva, who handles financing and capital markets transactions.

Praxisleiter:

Linda Al Sallami


Weitere Kernanwälte:

Péter Göndöcz; Sára Rideg; Anett Csiszár; Zoltán Zagyva


Referenzen

‘Business driven thinking, effective collaboration.’

‘High professional quality, committed to the success of the client.’

Kernmandanten

Erste Bank Hungary Zrt.


K&H Bank Zrt.


Bank of China (CEE) Zrt.


OTP Bank Nyrt.


CIB Bank Zrt.


MBH Bank Nyrt.


EBRD


Adventum Group


Wellis Magyarország Zrt.


Shopper Park Plus Nyrt.


Euronics


Shoptet


Pannon Green Power Kft.


National Bank of Hungary


Doktor24 Medicina Zrt.


Highlight-Mandate


  • Advised Adventum Group, a real estate investor and fund manager active primarily in the CEE region, on the syndicated financing of the acquisition of a real estate portfolio consisting of 18 shopping malls located in Hungary and the Czech Republic.
  • Advised CIB Bank on long-term non-recourse project financing provided for the development of photovoltaic power plant projects in Hungary.

Gárdos Mosonyi Tomori Law Office

The banking, finance and capital markets team at Gárdos Mosonyi Tomori Law Office advises domestic and international financial institutions and corporates across such sectors as energy, pharmaceuticals, agriculture and real estate, on complex, multi-jurisdictional transactions. The practice's full offering covers acquisition finance, refinancing, licensing, regulatory compliance, fintech matters, securitisation and finance litigation and arbitration. The practice is jointly led by experienced banking and finance litigator Péter Gárdos; capital markets and securities expert Erika Tomori; Dániel Szabó, a specialist in the licensing of banking and capital market participants; and Beatrix Berkes, who manages matters related to compliance, licensing and the establishment of investment firms. Key support on capital markets files is provided by Zsófia Biró. Veronika Bakonyi departed the firm in April 2024.

Praxisleiter:

Péter Gárdos; Erika Tomori; Dániel Szabó; Beatrix Berkes


Weitere Kernanwälte:

Zsófia Biró


Referenzen

‘The team is not only equipped with decades of experience in serving the financial services sector, but the partners are also high achievers in academic fields, combining practice and theory on the highest level in Hungary.’

‘Erika Tomori and Péter Gárdos are both exceptional in providing high quality legal service.’

‘The office provides professional and tailor made services on the capital market segment with a strong business approach.’

Kernmandanten

Raiffeisen Bank


K&H Bank


Magnet Bank


Electron Holding


Gloster


International Capital Markets Association


National Deposit Insurance Fund


Volvo Financial Services


SPB Investment


Diófa Fund Management


HOLD Fund Management


Marketprog Asset Management


Highlight-Mandate


  • Advising Gloster in the listing of its shares at the standard category of the Budapest Stock Exchange.
  • Advising Electron Holding in its EUR 16m bond issuance.
  • Advising Gránit Fund Management in establishing SFDR Article 8 and SFDR Article 9 products.

Hegymegi-Barakonyi and Fehérváry Baker&McKenzie Attorneys-at-Law

Powered by the bench strength of the Baker McKenzie global network (74 offices across 45 countries), the banking, finance and capital markets team at Hegymegi-Barakonyi and Fehérváry Baker&McKenzie Attorneys-at-Law advises domestic and multinational financial institutions on high-value, cross-border acquisition finance and refinancings. In addition, the practice brings expertise to such matters as project finance, cross-border leveraged finance, restructuring and regulatory compliance. The team is headed by József Vági, who manages financing transactions at every stage, from origination and negotiation to documentation and closing. The group is supported by Andrea Weinraub, who handles complex deal structuring and due diligence processes.

Praxisleiter:

József Vági


Weitere Kernanwälte:

Andrea Weinraub


Referenzen

‘The most professional legal team in the market. Our expectations are professionalism, teamwork and work attitude, availability.’

Kernmandanten

MOL Plc


Raiffeisen Bank


Erste Bank


Bank of China


OTP Bank Nyrt.


K&H Bank


Highlight-Mandate


  • Advised MOL Group Finance Zrt. as borrower and MOL Plc. as guarantor on a EUR 600m multicurrency (EUR/USD) revolving credit facility agreement.

Kapolyi Law Firm

The banking, finance and capital markets team at Kapolyi Law Firm brings expertise to assisting investment and brokerage firms, pension and investment funds, asset managers, venture capital funds and credit and financial institutions involved in high-value, cross-border financings. Displaying a command of such sectors as IT, automobiles, pharmaceuticals, food and beverages and real estate, the practice's full offering covers matters ranging from the establishment and licensing of clients' banking and payment services, acquisition and takeover finance and the drafting of internal regulations and bylaws to restructurings, due diligence and related tax elements. The department is led by BBalázs Ferenczy, who brings over 30 years' experience, and Viktor Krezinger, who heads up the capital markets team, specialising in private placements, SPOs and IPOs. Other key figures include Ádám Menyhárt, whose practice focuses on assisting investment fund managers and investment service providers, and Zsófia Somlóvári, who is experienced in litigation in insolvency proceedings.

Praxisleiter:

Balázs Ferenczy; Viktor Krezinger


Weitere Kernanwälte:

Ádám Menyhárt; Zsófia Somlóvári


Referenzen

‘Kapolyi Law Firm’s banking, finance, and capital markets team stands out for its comprehensive expertise and ability to manage complex financial transactions efficiently. We have worked with them on a variety of banking, finance and capital markets matters, and their guidance on regulatory compliance, loan structuring, and securities has been invaluable.’

‘We’ve had the opportunity to collaborate with Kapolyi Law Firm’s banking, finance, and capital markets team, whose depth of expertise across these areas has been instrumental in our business. Viktor Krezinger, a partner and head of the capital markets team, has been a key figure in guiding us through complex financial transactions. Balázs Ferenczy, leading the banking, finance, and regulatory team, provides expert guidance on lending, project finance and regulatory compliance. Ádám Menyhárt brings deep knowledge in structured finance and corporate lending, offering solution-oriented advice that has been key in managing our cross-border transactions. Zsófia Somlóvári, with her strong analytical skills, has been pivotal in ensuring our financial strategies are aligned with regulatory requirements.’

Kernmandanten

Indotek-Investment Alapkezelő Zrt.


Financial House Ltd.


Wingholding Zrt. and WING Group


SPB Invest Ltd


Equilor Befektetési Alapkezelő Zrt.


Gladiátor Befektetési Alapkezelő Zrt.


AutoWallis Nyrt. and Autowallis Group


Enerhash Ltd


Foodnet Zrt.


SIGNAL IDUNA Fund Invest Alapkezelő Zrt.


Voxinfo


Highlight-Mandate


  • Advising Wingholding, a real estate developer in Hungary, as issuer on the complete procedure of the public issue of corporate bonds to retail and institutional investors with the involvement of a OTP Bank Nyrt, as distributor.
  • Advising Amixa Nyrt., a company listed on the Budapest Stock Exchange, on a reverse takeover procedure, where Amixa acquired a Hungarian distributor company of several food brands.
  • Advising Financial House Ltd. London in its securing of an Operating License from the Hungarian National Bank (MNB) to operate as an e-Money Issuer (EMI) and Payment Service Provider (PSP) in Hungary.

Partos & Noblet in co-operation with Hogan Lovells International LLP

Displaying expertise across such sectors as energy, retail and real estate, the banking and finance team at Partos & Noblet in co-operation with Hogan Lovells International LLP specialises in advising multinational financial institutions and corporates on acquisition finance, refinancings, secured and unsecured lending, bilateral and syndicated loans, senior and mezzanine loans, subordinated debt and insolvency matters. The practice is led by international banking finance specialist Sándor Békési. Gábor Kószó provides key transactional support, assisting both borrowers and lenders.

Praxisleiter:

Sándor Békési


Weitere Kernanwälte:

Gábor Kószó


Kernmandanten

JR AMC


Magyar Cetelem Zrt. (part of BNP Paribas)


CES Energy Solutions Corp


Hamm Reno Group


Ovivo Inc.


National Bank of Canada


Highlight-Mandate


  • Advised JR AMC, a South Korean real estate investment trust, on the prolongation of a real estate acquisition finance loan provided by a Hungarian commercial bank in relation to JR AMC’s acquisition of the Nordic Light office building in Budapest, Hungary.
  • Advised Hamm Reno Group in relation to the Hungarian law governed securities provided as part of a global financing agreement.
  • Advising Ovivo Inc. as borrower and National Bank of Canada, on the amendment and restatement of an existing international financing on Hungarian law elements and finance document issues.

Schoenherr Hetényi Ügyvédi Iroda

Bolstered by the February 2024 arrival of new practice head Gabor Pazsitka, a specialist in banking and financial services regulatory and capital markets matters, Schoenherr Hetényi Ügyvédi Iroda brings strength to advising domestic and multinational financial institutions on matters ranging from acquisition and project finance, financial regulatory matters and syndicated, club and bilateral lending to receivables financing, refinancing, debt restructuring and non-performing (NPL) loan transactions. In addition, the team assists clients in the fintech and crypto spaces. Bálint Bodó provides key transactional support. Gergely Szalóki departed the firm in April 2024.

Praxisleiter:

Gábor Pázsitka


Weitere Kernanwälte:

Bálint Bodó


Referenzen

‘The team (within the team) that I have had the pleasure working with has been very helpful and available during our several short stints working together.’

‘My main contact has been partner Gabor Pazsitka. Our cooperation has been seamless and we especially value Gabor’s availability and kindness. He communicates in a way that is easy to understand even though we are not familiar with Hungarian law.’

‘Quick reactions, well-prepared employees.’

Kernmandanten

KDB Bank


BlackPeak Capital


Catalyst


Highlight-Mandate


  • Advised KDB Bank Europe Ltd. as agent and lender on the latest prolongation and amendment to the syndicated finance agreement entered into with Celltrion, a global biopharmaceutical company.
  • Advised BlackPeak Capital and Catalyst Romania Fund II on a EUR 10m Series B funding for Leanpay, a Slovenia-based Buy Now Pay Later (BNPL) and Point-of-Sale (POS) lending platform.

Szecskay Attorneys at Law

The banking and finance and capital markets group at Szecskay Attorneys at Law marshals the expertise of its team to assist insurers and domestic and multinational financial institutions and corporates across such sectors as engineering, manufacturing, e-commerce and software, on a diverse spectrum of matters. The practice's comprehensive service covers advice on syndicated loans, complex restructuring, regulatory compliance, banking and finance litigation and project, real estate, acquisition and corporate finance. The team is headed by multi-jurisdictional finance expert Katalin Szecskay; Judit Budai, a specialist in both banking transactional and regulatory work. Other key figures include János Vajda, who brings strength to banking dispute resolution; Bence Molnár, who is experienced in capital markets transactions; Judit Szórádi, an officer of the Securities Law Committee of the IBA, who draws on an in-house background; and Gergely Benyó, whose practice focuses on regulatory matters and restructuring.

Praxisleiter:

Katalin Szecskay; Judit Budai


Weitere Kernanwälte:

János Vajda; Bence Molnár; Judit Szórádi; Gergely Benyó


 


Kernmandanten

ABN AMRO


Société Générale


Gránit Bank


Highlight-Mandate


  • Provided assistance to a syndicate of banks led by ABN AMRO Bank N.V. on the accession of the Hungarian member of a Belgian group specialising in plasma-derived medicinal products into their EUR 120m facilities agreement.
  • Provided ongoing legal advice to Gránit Bank Zrt., a digital banking institution, regarding various specific projects
  • Provided expert legal counsel to a French-based multinational financial services company, acting as both agent and lender, in a substantial multimillion-euro financing arrangement for a global real estate development, investment, capital and property management enterprise.

Erdos • Partners

Specialists in real estate and energy transactions, the banking, finance and capital markets team at Erdos • Partners advises domestic and multinational financial institutions and corporates on project finance, green financing and banking regulatory compliance and debt and equity capital markets matters. The team is jointly led by Luca Bokor, who brings expertise to renewable energy financing and refinancing projects, and firm managing partner Gabor Erdős, who brings expertise to capital markets transactions, including IPOs, private placements and tap issuances of regular and green bonds. Key support is provided by Mátyás Környei on regulatory matters. Zita Albert joined the practice in May 2024 from Cerha Hempel.

Praxisleiter:

Luca Bokor; Gábor Erdős


Weitere Kernanwälte:

Mátyás Környei; Zita Albert


Referenzen

‘Erdos Partners’ banking practice is led by three very experienced and well-known lawyers, namely Gabor Erdos, Luca Bokor and Matyas Kornyei. This senior team is working together on our cases, they form a great and strong team that knows our background and needs.

‘Gabor Erdos  coordinates the works, and sometimes is working on our matters and knows every aspects of our business. Luca Bokor assists in our financing -related matters. Luca is a well known and very clever lawyer who speaks the language of the banks (our counterparts) which makes our transactions easier. Matyas Kornyei is a talented and very well-prepared capital markets and regulatory lawyer – hard-working and always very precise.’

‘Medium-sized law firm with a good value for money. The team is fast and accurate.’

Kernmandanten

Erste Bank Hungary Zrt.


Cordia International Zrt.


CIB Bank Zrt.


Futureal Group


K&H Bank Zrt.


Greencells Group


HELL Energy Hungary Kft.


MFB Zrt.


Forestay Group


OTP Bank Nyrt.


Highlight-Mandate


  • Advised Cordia on a $19m financing provided by CIB Bank for a new residential development project.
  • Represented K&H Bank in connection with the financing of four photovoltaic projects of the Photon Group in Hungary.
  • Represented CIB Bank in connection with the financing of the development of a residential project, which included the renovation of a villa in Budapest.

Forgó, Damjanovic & Partners Law Firm

The banking and finance group at Forgó, Damjanovic & Partners Law Firm advises a robust client base of global financial institutions on multi-jurisdictional financial transactions and licensing and regulatory matters. The practice is led by Ferenc Lénárt, a specialist in banking and securities law, money laundering prevention and compliance matters. Another key name is managing partner Zoltán Forgó, who brings extensive cross-border deal structuring and capital markets arbitration experience.

Praxisleiter:

Ferenc Lénárt


Weitere Kernanwälte:

Zoltán Forgó


Kernmandanten

Luther Rechtsanwaltsgesellschaft mbH


De Brauw Blackstone Westbroek N.V.


GÖRG Partnerschaft von Rechtsanwälten mbB


Obton A/S


Jalsovszky

Jalsovszky channels the experience of its banking, finance and capital markets team, advising domestic and multinational financial institutions and corporates involved in a wide range of cross-border financings across such sectors as media, transport and food and beverages, displaying particular strength in energy transactions. The practice's full offering covers matters ranging from general banking activities, project and acquisition finance to financial regulatory compliance and refinancings and restructurings. The team is led by Ádám Boross, who brings expertise to green energy projects and syndicated transactions. Other key figures include Zsibrita Boglárka, a specialist in acquisition and project finance, and Roxana Martinas.

Praxisleiter:

Ádám Boross


Weitere Kernanwälte:

Zsibrita Boglárka; Roxana Martinas


Referenzen

‘Jalsovszky Law Firm is a reliable, efficient and experienced partner on some of our legal matters with Hungarian law factors. They are able to provide a well-priced service with the required quality and expertise. Their team is responsive and offered a variety of legal solutions to financing transactions we have cooperated with them on.’

‘We have worked mainly with Adam Boross and he has provided us with necessary Hungarian law support and experience while also being very communicative and understanding of the clients interests.’

Kernmandanten

Raiffeisen Bank


Exact Systems sp. z.o.o.


Highlight-Mandate


  • Advised a biggest Hungarian commercial bank in relation to a solar project financing provided to a Hungarian energy conglomerate, which also involved a mezzanine type investment by an investment fund.

KPMG Legal Tóásó Law Firm

KPMG Legal Tóásó Law Firm harnesses the experience of its banking and finance team to advise domestic and multinational financial institutions and corporates across such sectors as food, automotive and retail, on matters ranging from bank market entry, restructurings and complex, cross-border refinancing projects to insolvencies and regulatory compliance matters. The practice is headed by Gergő Szalai-Bordás, a financial regulatory specialist. Key support is provided by Tamás Varga, who brings strength to the restructuring of financial institutions.

Praxisleiter:

Gergő Szalai-Bordás


Weitere Kernanwälte:

Tamás Varga


Kernmandanten

Kometa


China Construction Bank


Ford Group


OTP Bank


Intrum


Bank of China


Vakif Bank


Pepco Group


Trive Bank


HB Reavis Real Estate Development Fund


Highlight-Mandate


  • Advised Pepco Group on a EUR 300m senior secured notes issuance.
  • Advised Kometa on a debt restructuring.
  • Advised a pool of banks with the coordination of bilateral loans provided with a deal value of EUR 25m.

Moore Legal Kovács

The banking and finance and capital markets practice at Moore Legal Kovács brings expertise to advising domestic and multinational financial institutions, on matters ranging from the preparation and negotiation of acquisition finance and investment agreements and multi-jurisdictional credit facility agreements to collateral structure capital market activities and the setup of licensed entities. The team is led by Márton Kovács, a specialist in real estate and M&A-related matters, in addition to capital markets. Key support is provided by Bálint Juhász, who displays strength assisting investment service providers and issuers in private and public security offerings.

Praxisleiter:

Márton Kovács


Weitere Kernanwälte:

Bálint Juhász


Referenzen

‘They have a deep understanding of the industry’s demands, which translates into precise and timely advice. They help clients navigate through complex regulatory and legal environments, while their advices are legally accurate but understandable for non-legal business professionals.’

‘They have a proactive approach, beside help solving raised issues, they anticipate challenges and formulate strategies preemptively, which sets them apart from other legal firms showing only a reactive approach’.

Kernmandanten

Hiventures Plc.


MFB Hungarian Development Bank


Városi Alapkezelő Zrt.


Alpac Capital


Hungarian Export-Import Bank


Focus Ventures Plc.


Nagy és Trócsányi Ügyvédi Iroda

The banking and finance team at Nagy és Trócsányi Ügyvédi Iroda channels the expertise of its team to assist multinational banks on regulatory compliance, credit facilities and collateral agreements, in addition to matters related to M&A and real estate projects. The firm also collaborates with major international law firms on local banking and finance matters. The group is led by György Kiszely, a specialist in such regulatory areas as AML, consumer protection and conduct of business compliance. Other key figures include seasoned banking litigator Balázs Karsai; Zóra Lehoczki, who draws on experience in financial arbitration; and Mónika Vrancsik, whose skill set covers data protection and insolvency.

Praxisleiter:

György Kiszely


Weitere Kernanwälte:

Balázs Karsai; Zóra Lehoczki; Mónika Vrancsik


Kernmandanten

Raiffeisen Bank Hungary


Arendt Regulatory & Consulting SA


Oppenheim Ugyvedi Iroda

Specialists in energy and real estate finance, the team at Oppenheim Ugyvedi Iroda brings strength to advising domestic and multinational financial institutions (including UniCredit, Landesbank Baden-Württemberg and Citibank) and corporates on complex, cross-border transactions. The group’s full offering extends to high-value acquisition financings and financial regulatory mandates related to insurance, payment services and capital market issues. The team is led by Péter Horvai-Hillenbrand, who draws on over 20 years’ experience in handling project, energy and trade financing matters. Also of note is Gergely Szécsényi, who displays expertise in financial regulatory matters.

Praxisleiter:

Peter Horvai-Hillenbrand


Weitere Kernanwälte:

Gergely Szecsenyi


Referenzen

‘Many team members are known for their innovative approach to problem-solving. They bring fresh perspectives and creative solutions to the table, setting them apart from competitors. Peter Horvai-Hillenbrand has been instrumental in developing new strategies and demonstrating a forward-thinking mindset.’

‘Compared to competitors, these individuals often have a unique blend of extensive experience and specialised knowledge. Their ability to leverage this background effectively is a significant differentiator. For instance, Peter Horvai Hillenbrand has a distinguished career with notable successes in energy and M&A, which enhances the firm’s reputation.’

Kernmandanten

CIB Bank ZRT.


Exim Bank


HUSA (MSZKSZ)


UniCredit Bank


Electron Holding ZRT.


CMC Europe


WKW Group


Joyson Safety Systems


ZFP Realitny Fond


Citibank Europe plc


Greenvolt Group


Landesbank Baden-Württemberg


Carussel


Meleghy Automotive


VHK ZRT.


J&S Speed KFT.


Highlight-Mandate


  • Advised Greenvolt Group, an international operator in the renewable energy market, on the financing of the construction of its 50 MW photovoltaic power plant in Hungary with a financing amount of EUR 36m.
  • Advised HUSA (Magyar Szénhidrogén Készletező Szövetség) on its refinancing loan tender involving all several Hungarian banks.
  • Advised and assisted Electron Holding Zrt. in its investment transaction structured as a Hiventures corporate investment fund providing funds to Electron Holding, facilitating the construction of a portfolio of solar power plants with a total capacity of more than 40 MW.

Szabó Kelemen & Partners Andersen Attorneys

The banking and finance team at Szabó Kelemen & Partners Andersen Attorneys brings strength to advising commercial and stated-owned banks and non-bank financial institutions and corporates across such sectors as energy, real estate, logistics and construction involved in matters ranging from bilateral and syndicated lending, secured loans and assets-based loans to acquisition and project finance, insolvencies and regulatory compliance. The practice is led by capital markets expert Péter Vincze, who draws on over 20 years of experience in the practice area. Other key figures include Zoltán Módos, who provides expertise in project, syndicated and private equity finance; Levente Kálmán, a specialist in real estate matters; seasoned regulatory advisor Tamás Kárpáthegyi; and Erik Landgraf, who utilises banking in-house experience.

Praxisleiter:

Péter Vincze


Weitere Kernanwälte:

Zoltán Módos; Levente Kálmán; Tamás Kárpáthegyi; Erik Landgraf


Referenzen

‘Deep insight into the client’s business. Hands-on approach. Great understanding of local oversight authorities.’

‘Quick turnaround. Fair business judgment.’

‘They are not only highly responsive but also offer creative solutions that have consistently led to successful outcomes. Their attention to detail is second-to-none.’

Kernmandanten

Raiffeisen Bank Zrt.


MBH Bank Nyrt.


MBH Jelzálogbank Nyrt. (formerly Takarék Jelzálogbank Nyrt.)


ONEY Magyarország Zrt., ONEY Bank S.A.


Solar Markt group


Vákuum Invest Kft.


Vámosi-Nagy Ernst & Young Law Office

The experienced banking and finance group at Vámosi-Nagy Ernst & Young Law Office employs a multi-disciplinary approach, advising domestic and multinational financial institutions and corporates across such sectors as tech, hospitality, construction and real estate, on complex domestic and cross-border financings. The practice is headed by Iván Sefer, who brings expertise to project, acquisition and corporate finance, and capital markets matters. Key support is provided by qualified tax advisor Walid Frőlich and Péter Csonga, both of whom boast a robust financial regulatory practice.

Praxisleiter:

Iván Sefer


Weitere Kernanwälte:

Walid Frőlich; Péter Csonga