The Legal 500

Hungary

Editorial

Legal market overview

A weak forint and sectoral taxation of foreign investment continued to foster uncertain conditions, with law firms reporting another quiet year. The lack of foreign investment remains the primary reason for the dearth of new-money financings, leading to a focus on restructuring and refinancing. State-funded real estate acquisition activity has led to a small revitalisation of that market.

The Hungarian Competition Authority’s cartel investigations into foreign exchange mortgage loans and abuse of dominant position benefited firms with strong competition law practices.

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