The Legal 500

Within Banking and finance, Nagy és Trócsányi is a third tier firm,

Nagy és Trócsányi’s ‘professional and dedicated’ team continues to profit from close ties with Uría Menéndez and Latham & Watkins LLP, for which it acts as local counsel in disputes and on the deletion of securities. Ildikó Varga recently led advice to an American private equity fund on Hungarian aspects of a multi-jurisdictional refinancing.

Within Competition, Nagy és Trócsányi is a third tier firm,

Nagy és Trócsányi handles transactional competition issues in addition to state aid matters. The firm is a member of the Lex Mundi network.

Within Dispute resolution, Nagy és Trócsányi is a first tier firm,

Nagy és Trócsányi represents banks, such as OTP, and the Hungarian subsidiaries of multinationals in litigation and international arbitration. A ‘one-stop-shop for clients’, this ‘outstanding’ dispute resolution team has a great understanding of the ‘relationship between the practical law and the client’s business’. György Kiszely recently acted for the Municipality of Hódmezovásárhely in a HUF1bn damages claim against the Ministry of National Resources, and Csaba Pigler continues to represent Honda in tax and employment litigation. The ‘broadly experienced’ Péter Nagy oversees the team.

Within Legal market overview,

A sluggish year for real estate saw the suspension of a number of retail and office development projects, leaving the modicum of significant deals to be handled by leading firms such as CMS Cameron McKenna LLP and Andrékó Kinstellar. Local powerhouses Nagy és Trócsányi and Szecskay Attorneys at Law continued to lead the way in dispute resolution, which has been one of the buoyant practice areas during the financial crisis. The departure of some foreign businesses has produced challenges and opportunities for key independent firms including Oppenheim, which has been working to build its group and international client base since the departure of Freshfields Bruckhaus Deringer LLP and Lakatos, Köves and Partners, which has seen a drop-off since Clifford Chance left Hungary. Simándi Bird & Bird was renamed Eördögh Bird & Bird after Richárd Eördögh was appointed as the new managing partner to replace Andrea Simándi, who joined Microsoft in January 2012.

Within Mergers and acquisitions, Nagy és Trócsányi is a second tier firm,

Nagy és Trócsányi is ‘a strong and efficient local firm’, which supplements its own client base with referral work via the Lex Mundi network. Highlights for the team included advising Vink Holding BV on acquiring a Hungarian plastics company, and handling a merger of two Hungarian subsidiaries for Lexmark. Other clients include Scania, Kemira and Ramirent.

Within Project finance, Nagy és Trócsányi is a second tier firm,

Viktória Szilágyi heads Nagy és Trócsányi’s team, which acts for prominent lenders including BNP Paribas and Deutsche Bank. The firm has referral relationships with Latham & Watkins LLP and its Lex Mundi affiliate Uría Menéndez.

Within Real estate and construction, tier 4

Nagy és Trócsányi advises numerous US clients – including National Instruments, Interplex and Allison Transmission – on Hungarian land purchases, as well as lease agreements and construction. It recently advised Coca-Cola HBC Magyarország on a real estate acquisition.

Within TMT, Nagy és Trócsányi is a third tier firm,

Nagy és Trócsányi has a history of acting for mobile phone operators on antitrust matters and in litigation. The firm is a member of the Lex Mundi network.

Within Tax, Nagy és Trócsányi is a first tier firm,

Nagy és Trócsányi’s ‘excellent’ tax disputes practice represents large European corporates and Hungarian subsidiaries of multinationals. Orsolya Kovács recently acted for Coca-Cola HBC Magyarország in VAT litigation against the HTA. KPMG Tanácsadó and EMFESZ are regular clients. Name partner Péter Nagy heads the group.