The Legal 500

Faludi Wolf Theiss

KÁLVIN TÉR 12-13, KÁLVIN CENTER, 4th FLOOR, 1085 BUDAPEST, HUNGARY
Tel:
Work +36 1 4848 800
Fax:
Fax +36 1 4848 825
Web:
www.wolftheiss.com
Email:

What we say about the firm's legal practice in Hungary

Banking and finance

Within Banking and finance, Wolf Theiss is a third tier firm,

Faludi Wolf Theiss provides ‘a very high level of service’. It advises European lenders on project finance, international banks on regulatory requirements to enter Hungary, and recently advised a consortium of banks (including UniCredit Bank) on the Hungarian and Romanian aspects of Waberer’s Holding’s €46m financing. Practice head Gábor Erdos is ‘very professional’.

Competition

Within Competition, Wolf Theiss is a third tier firm,

Faludi Wolf Theiss recently advised Arosgas Holding AG on merger control issues. Managing partner Zoltán Faludi was appointed by the European Commission to the role of monitoring trustee on E.ON Ruhrgas’ acquisition of MOL.

Dispute resolution

Within Dispute resolution, Wolf Theiss is a second tier firm,

Faludi Wolf Theiss’ handles domestic and international disputes for clients in the automotive and natural resources industries. The team recently represented a key energy player before ICSID. Senior associate Gábor Bárdosi continues to act for a prominent multinational oil company in a number of arbitration cases.

Employment

Within Employment, Wolf Theiss is a third tier firm,

László Kenyeres oversees Faludi Wolf Theiss’ team, which advised Rail Cargo Hungária on a large restructuring. H&M is a new client for a range of employment advice.

Energy

Within Energy, Wolf Theiss is a first tier firm,

Very strong and respected’, Faludi Wolf Theiss fields a ‘top-tier’ energy practice. It was instructed by Ukraine’s Ministry of Fuel and Energy to help harmonise certain aspects of Ukraninan energy legislation with EU law. Name partner and group head Zoltán Faludi advised MVM on energy trading regulations, and László Kenyeres represented a major chemicals company in an emissions dispute.

Mergers and acquisitions

Within Mergers and acquisitions, Wolf Theiss is a second tier firm,

Faludi Wolf Theiss has picked up some notable new clients including American Airlines, TNS Hungary and ACN Inc. János Tóth and his team ‘provide solid advice’ on M&A, and recently acted for Sonova Holding and Alvogen Lux Holdings on prospective Hungarian healthcare and pharmaceuticals acquisitions.

Project finance

Within Project finance, Wolf Theiss is a second tier firm,

In the latter half of 2010, Faludi Wolf Theiss advised MKB Bank and OTP Bank on the partial financing of a real estate development project in Budapest. The five-lawyer team has since advised new client Unicredit Bank in its role as arranger, lender and agent on the €46m financing of Waberer’s Holding’s logistics operations. Senior associate Gábor Erdös leads the group.

Real estate and construction

Within Real estate and construction, tier 4

Faludi Wolf Theiss’ senior associate Gábor Erdos is advising a British real estate fund on the purchase of several hotels and representing a European bank on a major retail development.

Tax

Within Tax, Wolf Theiss is a second tier firm,

Faludi Wolf Theiss recently advised Pannonia Ethanol on development tax allowances and won new clients BNP Paribas and American Airlines. It also represents high-net-worth individuals on innovative tax structuring. International tax specialist Balázs Békés leads the three-lawyer team.


Further information on Wolf Theiss

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Legal Developments by:
Wolf Theiss

  • EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?

    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

Legal Developments in Hungary

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • HUNGARIAN CASE LAW DEVELOPMENTS IN CARTEL MATTERS

    A recent second instance judgment by the Metropolitan Court of Appeal (“Court of Appeal”) provides some interesting insight into the court’s approach in cartel matters. The case before the Court of Appeal concerned the second instance review of a first instance judgment that annulled certain parts of the decision of the Hungarian Competition Office (the “HCO”).
  • HUNGARIAN REAL ESTATE INVESTMENT TRUST REGIME

    Hungary is the first country in the CEE region to introduce the real estate investment trust (REIT) regime on the back of US and Western European examples. The new REIT regime took effect on 27 July 2011.
  • Implementation of the European Semester

    After the publication of the Annual Growth Survey (AGS) by the European Commission, the Hungarian Presidency undertook to implement the first ever "European Semester" a six-month period of each year in which Member States' budgetary and structural policies are reviewed to identify any inconsistencies and emerging imbalances, so as to facilitate coordination before major budgetary decisions are finalised.
  • LEGAL & TAX | NEWS September 2010

    BANKING & FINANCE  .  REAL ESTATE & CONSTRUCTION  .  PROCUREMENT & REGULATORY  .  EMPLOYMENT & PENSIONS
  • AMENDMENT OF THE FISCAL CODE AND OTHER FISCAL-FINANCIAL MEASURES

    Government Emergency Ordinance no. 58 (the “Ordinance”) for the amendment and completion of Law no. 571/2003 regarding the Fiscal Code (the “Fiscal Code”) and other fiscal-financial measures was published in the Official Gazette of Romania, Part I no. 431 of June 28, 2010. The Ordinance shall enter into force on July 1, 2010.
  • Newsletter: Your Legal Key to Hungary

    Changes in the court and authority delivery.
  • EC TRADE MARK LAW IN THE LIFE SCIENCES INDUSTRY AS EXEMPLIFIED BY THE CASE BAYERN INNOVATIV V OHIM

    This article tries to shed light on an important area of trade mark law in connection with a decision recently handed down by the European Court of First Instance (the "CFI"), more specifically with respect to the complex question of similarity between marks and confusion of the public. This question is naturally an issue of fact and evidence and is - to a large extent - imbued with subjectivity. Therefore, new cases brought before the courts always have to be assessed afresh, taking all the surrounding circumstances into consideration, and the outcome can at times be surprising, even for experienced trade mark lawyers.
  • HUNGARIAN DATA PROTECTION LAWS

    TRANSFER BY THE EMPLOYER OF EMPLOYEES' PERSONAL DATA TO THE US FROM THE PERSPECTIVE OF HUNGARIAN DATA PROTECTION LAWS: In this article, we briefly address the issue of what requirements prescribed by Hungarian laws on data protection must be complied with by an employer that wishes to transfer the personal data of its employees to the United States.
  • THE "UNDERGROUND PARKING LOT CASE IN SOPRON"

    The Supreme Court's decision in this Sopron underground parking lot case has been one of the hottest topics in the legal playing field in the past few months. We briefly discuss the decision below, and describe a possible way to solve the problems it has raised.
  • Environment Law 2009: Hungary

    A practical insight to cross-border Environment Law