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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Hungary > Banking and finance > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Banking and finance
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

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Next generation lawyers

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Who Represents Who

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Andrékó Kinstellar’s team is highly regarded in the project finance and real estate finance space, and also has particular expertise advising on debt, sovereign and secured borrowings, debt restructuring, and work involving distressed assets. The team recently advised a bank on the financing for the development of power plant projects and assisted with the refinancing of a shopping mall. Csilla Andrékó and senior associate Levente Hegedüs are singled out for their ‘deep industry knowledge and understanding of the problems and requirements of the clients’.

CMS is a popular choice for domestic and cross-border financing transactions, and has an impressive client list that includes CIB Bank, OTP Bank, Raiffeisen Bank and Erste Bank. Recent transactions include advising an asset management firm on the sale and purchase of non-performing retail loans and acting for an investment company on the €68.5m acquisition financing of a real estate portfolio. Erika Papp, Csongor Tompa, Árpád Lantos and Dorottya Varga-Giesz are the main contacts.

The team at Horváth & Partners DLA Piper, jointly led by Gábor Borbély and Péter Györfi-Tóth, advises on a range of domestic and cross-border transactions. Among its recent mandates, Borbély advised Wing on the financing for the development of the new Magyar Telekom headquarters, and Györfi-Tóth advised an international school provider on a series of acquisition credit and bond financing transactions.

Knight Bird & Bird Iroda enters the ranking following the arrival of a team from the now defunct Siegler Law Office / Weil, Gotshal & Manges LLP. The group acts for a large number of major banks and borrowers on local and regional corporate, acquisition and project finance transactions. The highly regarded Konrád Siegler and senior associate Tamás Simon are advising the Hungarian Export-Import Bank on the secured financing for a major real estate development and acted for MKB Bank on the Hungarian law aspects of cross-border repo financing transactions with DebtInvest.

Lakatos, Köves and Partners’ team has ‘in-depth professional knowledge’, which enables it to ‘provide innovative solutions’. Practice head Szabolcs Mestyán and John Fenemore have anexcellent understanding of the local laws and requirements for businesses and financial institutions’. 2016 saw the team advising on the sale of non-performing loans, real estate financing and aircraft financing mandates, restructuring and insolvency matters. Péter Köves and senior associate Andrea Spisák are also noted.

Dentons handles a mix of domestic transactions and multi-jurisdictional financing transactions. Practice head Gergely Horváth, who is recommended for his ‘excellent client service skills’, was part of a multi-disciplinary team that advised Sas Magyarország Vagyonkezelő on the refinancing of its €51m credit facility provided by Raiffeisen Bank. Other highlights include advising on Invitel its the €202m sale to CEE Equity Partners and a multimillion-euro financing for the construction of a recycling plant. Counsel Gábor Király has particular expertise in fund formation and financial regulatory matters.

Leveraging its strength in the banking and finance sphere globally, Allen & Overy regularly advises on the Hungarian aspects of multi-jurisdictional real estate and project financing transactions. Among its recent highlights, it advised the Royal Bank of Canada on the €324m acquisition financing of a Hungarian real estate group acquired by Blackstone. The team is led by counsel Károly Fóti, and also includes Zoltán Lengyel who is singled out for his ‘strong business-minded attitude, tailor-made advice and flexible approach’.

CHSH Dezsö & Partners’ team stands out for its ability to ‘deliver tailored legal solutions’. It has recently handled real estate and project financing mandates, and a number of refinancing and debt recovery matters. Edina Nagy and András Kauten advised Osmotica Pharmaceuticals on the increase of loan facilities provided by a syndicate of banks led by CIT Bank, and also assisted a bank with the €45m refinancing for the acquisition of a series of real estate properties.

Faludi Wolf Theiss has a broad financing practice, and its recent instructions include advising on acquisition financing, refinancing and the sale of non-performing loans. Zoltán Faludi and Melinda Pelikán are advising Export-Import Bank of China on its loan to the Hungarian state pertaining to the financing of the construction of the Hungarian section of the Budapest-Belgrade railway. János Tóth is another name to note.

Hegymegi-Barakonyi és Társa Baker & McKenzie’s ‘proactive and results-oriented’ team is now led by the ‘excellent’ József Vági following the departure of Dusán Lásztity to HBK Partners Attorneys at Law in 2017. The group advised a consortium consisting of Morgan Stanley Real Estate Investing, Wing and CC Real on a series of multimillion-euro financing and refinancing mandates.

Szecskay Attorneys at Law advises borrowers and lenders on a range of transactions, contentious and regulatory matters. Capital markets specialist Judit Budai and senior associate Judit Szórádi acted for European Bank for Reconstruction and Development on the restructuring of a €24m project loan to the Budapest Transport Company. Erste Bank, Gránit Bank and DMG Mori are also clients.

Deloitte Legal Erdos and Partners Law Firm acts for lenders and borrowers on a mix of transactions and regulatory matters. The team was bolstered by the arrival of Luca Bokor and senior associate Linda Sallami, who joined from Dentons and CMS respectively in 2017. Recent highlights saw Gábor Erdős advising Hungarian Georgian Investment on the establishment of its financial enterprise and acting for Hunguest Hotels on the refinancing of its corporate loans.

Erös Ügyvédi Iroda/Squire Patton Boggs’ team is experienced in handling financing, refinancing and restructuring mandates, as well as advising on regulatory matters. Ákos Mester and associate Nóra Szigeti were part of a multi-jurisdictional team that advised ABN Amro on an asset-backed financing facility to Barentz. Other clients include Sberbank Magyarország, Business Growth Fund and Euronet Worldwide.

Forgó, Damjanovic & Partners Law Firm’s team, led by of counsel Ferenc Lénárt, handles a range of regulatory matters, and also acts for borrowers and lenders on domestic and international financing transactions. Gábor Damjanovic has ‘an excellent understanding of the client’s needs and very in-depth legal knowledge’.

Nagy és Trócsányi Ügyvédi Iroda’s workload includes handling real estate and acquisition financing, restructuring and insolvency matters. Practice head György Kiszely advised OTP Bank on its acquisition of AXA Bank’s Hungarian business and is assisting the Hungarian subsidiary of Raiffeisen Zentralbank Österreich (now Raiffeisen Bank International) with regulatory issues.

Oppenheim’s team is particularly recommended for advising foreign investors and developers on a diverse range of real estate financing, acquisition financing and renewable energy project financing. Recent highlights include acting for new client W.P. Carey on the refinancing of its Hungarian real estate assets. Péter Horvai-Hillenbrand is recommended for his ‘strategic thinking and flexibility’.

At Partos & Noblet in co-operation with Hogan Lovells International LLP, Sándor Békési advised VR-Leasing on the sale of Lombard Lízing and is advising ING Bank on the refinancing of the Polus City Center shopping centre.

Schoenherr Hetényi Ügyvédi Iroda regularly advises on the Hungarian aspect of cross-border financing transactions, where it works alongside other offices within its network. Recently promoted partner Gergely Szalóki has ‘adeep understanding of banking client’s needs’, and counts Bain Capital, Erste Bank Hungary and UniCredit as clients.

Szabo Kelemen & Partners Attorneys advises domestic and international banks and other financial institutions on asset, acquisition, project and commodity financing transactions. Péter Vincze is ‘very reliable and smart’.

Gárdos Mosonyi Tomori Law Office’s team handles banking litigation and restructuring transactions. In one recent example, it represented Transelektro Ganz-Röck in bank guarantee litigation. István Gárdos heads the team, which also includes the ‘very responsive and knowledgeableErika Tomori and Péter Gárdos.

HP Legal | Hajdu & Partners acts on project financing and refinancing transactions for major Hungarian banks. The team acted for International Investment Bank on the €15m refinancing of the existing credit facilities of H2Q. László Hajdu has ‘in-depth industry knowledge’, and Hanna Bátki and Réka Versics are also noted.

Recent highlights for Vámosi-Nagy Ernst & Young Law Office’s team include advising lenders on a series of refinancing and regional acquisition financing mandates. Iván Sefer and Péter Csonga are noted.

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