Wolf Theiss Faludi Ügyvédi Iroda > Budapest, Hungary > Firm Profile

Wolf Theiss Faludi Ügyvédi Iroda
KÁLVIN TÉR 12-13
KÁLVIN CENTER, 4th FLOOR
1085 BUDAPEST
Hungary

Hungary > Banking, finance and capital markets Tier 1

Focusing on the CEE and SEE regions, the banking and finance team at Wolf Theiss Faludi Ügyvédi Iroda advises Hungarian and international borrowers, banks, insurance companies, funds and other financial services institutions. The practice’s diverse client base sees the team advise on a full spectrum of transactions, from commercial lending, to private equity, to securitisation. The group’s holistic approach draws on its cross-practice expertise and the team often advises on the commercial and M&A aspects of investment projects. An increased focus on the energy sector has seen the group advise on the financing of renewable energy projects, and the team counts investors in solar park and PV power plant developments among its newer clients. Practice head Melinda Pelikán has almost 20 years’ experience in the financing of construction and infrastructure projects. László Lovas advises on regulatory matters within the banking and capital markets sectors, supporting credit institutions, public and private companies, and investment fund managers.

Practice head(s):

Melinda Pelikán

Other key lawyers:

Key clients

OTP Bank

Raiffeisen Bank International

BNP Paribas

Work highlights

  • Advising a consortium of banks on the €800m revolving ESG-linked credit facility for the Vitesco Technologies Group.
  • Advising Raiffeisen Bank International, in several countries, as issuer, on the establishment of its respective Medium Term Note program for the issue of ordinary senior notes, ordinary senior eligible notes and non-preferred senior eligible notes.
  • Advising BNP Paribas on the sale of its customer loan operations in Hungary, Bulgaria, Czech Republic and Romania.

Hungary > Projects and energy Tier 1

The projects and energy team at Wolf Theiss Faludi Ügyvédi Iroda offers clients a combination of renewable energy and project finance expertise. Solar energy investment projects are a key focus area, and the group is well placed to advise on issues across the whole life cycle. Energy arbitration is a niche area of expertise, and practice co-head Zoltán Faludi is an expert in energy-related dispute resolution. Faludi leads the team alongside László Kenyeres, who is actively involved in renewable energy and infrastructure development projects across Europe. Norbert Bálint specialises in construction projects and sector-related M&A, as well as PPAs, electricity production and gas supply matters. Rregulatory expert Ádám Lukonits’ ‘exceptional knowledge‘ spans the LNG, nuclear, hydrogen and district heating fields.

Practice head(s):

László Kenyeres; Zoltán Faludi

Other key lawyers:

Testimonials

‘Reliable team, with deep industry knowledge and experience. Acting fast if needed and they focus on the client’s needs.’

‘László Kenyeres is one of the best energy lawyers in Hungary, keeps following the rapidly changing regulatory environment. Zoltán Faludi is leading the firm in a unique way, knowing all the details but keeping his focus on the main issues.’

‘The firm’s strength lies in its outstanding Hungarian and international transaction experience, combined with a deep understanding, consideration and knowledge of the business environment and the client’s business considerations. The service provided is thus more than “just” legal services.’

‘Norbert Bálint is able to provide complex advice on a comprehensive and highly differentiated project, applying multiple disciplines and taking into account multiple business considerations.’

‘The adaptability during the negotiations and the collaboration.’

‘As the regulation for development of photovoltaic projects in Hungary changes extremely fast and is unpredictable, it is crucial to have competent and up to date legal support. This support is provided by Wolf Theiss perfectly.’

‘The team around Norbert Bálint and László Kenyeres has a very professional appearance, extensive energy and transaction know-how, and the ability to accompany and manage large complex projects. Indeed a highly recommendable team.’

‘Norbert Bálint is extremely dedicated, an excellent negotiator and pleasant to work with. Ádám Lukonits is a very professional and responsive lawyer, with an exceptional knowledge of the energy sector.’

Key clients

BorsodChem

EFET (European Federation of Energy Traders)

Optimum Solar

Work highlights

  • Providing EFET with a yearly review on the implementation and enforceability of the EFET Electricity and Gas General Agreement in Hungary.
  • Advising Optimum Solar on an ongoing basis.

Hungary > Commercial, corporate and M&A Tier 2

Advising foreign investors across Hungary and the CEE and SEE regions, the commercial, corporate and M&A team at Wolf Theiss Faludi Ügyvédi Iroda covers business establishment, equity and asset acquisitions, and joint ventures. The corporate practice provides a holistic offering, and also fields an integrated tax team. János Tóth leads the department, advising private equity and strategic investors on M&A deals. Following his promotion to senior associate in July 2022, Péter Ihász provides new entrants to the Hungarian market with commercial, regulatory and corporate advice, while Zoltán Bódog focuses on the real estate aspects of M&A transactions. Kinga Kajcsos‘ expertise spans the spectrum of corporate, M&A and commercial issues.

Practice head(s):

János Tóth

Other key lawyers:

Key clients

BNP Paribas

Scan Global Logistics

Work highlights

  • Advising BNP Paribas on the sale of its customer loan operations in Hungary, Bulgaria, Czech Republic and Romania.
  • Advising Scan Global Logistics on its acquisition of Advection Logistics in Hungary from its selling shareholder Eurogate Holdings (Cyprus).

Hungary > Dispute resolution Tier 2

The ‘experienced and well known‘ dispute resolution team at Wolf Theiss Faludi Ügyvédi Iroda is noted for its extensive litigation and arbitration experience across the energy, financing and real estate sectors. Tax, construction and property litigation are key areas of expertise, along with restructuring and insolvency proceedings. The practice is involved in alternative methods of dispute resolution, including mediation. Practice head Zoltán Faludi brings over 25 years’ experience in both domestic and international commercial arbitration to his role. Tímea Csajági has experience representing clients before the European Court of Justice.

Practice head(s):

Zoltán Faludi

Other key lawyers:

Testimonials

‘Experienced and well known on the local market.’

‘Practitioners show flexibility and deep understanding, responses are quick and the work is to a high standard.’

Key clients

MOL

INA-Industrija nafte

Work highlights

  • Representing MOL and INA against the Federation of Bosnia and Herzegovina in an ICC arbitration.

Hungary > Tax Tier 2

Wolf Theiss Faludi Ügyvédi Iroda’s tax team provides integrated advice spanning the corporate and M&A, banking and finance, and employment teams. János Pásztor, a qualified and chartered tax advisor, leads the team, specialising in M&A and tax planning and restructuring, as well as advising multinational clients and high-net-worth individuals on day-to-day tax matters. Bence Kálmán regularly represents clients in tax litigation as part of the goup’s comprehensive disputes practice.

Practice head(s):

János Pásztor

Other key lawyers:

Testimonials

‘This firm is truly my point of reference for tax in Hungary. I have been working with them for 8 years now.’

Hungary > Data privacy and data protection Tier 3

Wolf Theiss Faludi Ügyvédi Iroda has extensive experience in data protection and privacy law, which is complemened by its established presence in the TMT, IP and IT sectors. Leveraging the strength of its dedicated GDPR taskforce, the firm regularly assists with the implementation of antitrust and compliance programs. János Tóth co-heads the data protection and privacy team alongside Barnabás Buzási, who also heads up the employment team; the former advises on data management issues, such as data leaks or cyber attacks, while the latter uses his dual expertise to assist with data protection and privacy matters related to employee data.

Practice head(s):

János Tóth; Barnabás Buzási

Hungary > Employment Tier 3

From employee restructuring and transfer of undertakings to collective redundancies, the employment team at Wolf Theiss Faludi Ügyvédi Iroda advises on the full range of employment matters, as well as handling relevant litigation. The practice has established cross-border capabilities and handles HR projects spanning the CEE and SEE regions, as well as providing business immigration services. Barnabás Buzási heads up both the employment and data protection practices, and regularly advises on employment-related GDPR implementation. Marietta Molnár specialises in employment law across the logistics and transport, banking and finance, and telecoms sectors.

Practice head(s):

Barnabás Buzási

Other key lawyers:

Key clients

IFF

L’Oreal Magyarország Kft.

Work highlights

  • Advising IFF on the establishment of its operations in Hungary.

Hungary > Intellectual property Tier 3

Wolf Theiss Faludi Ügyvédi Iroda‘s IP team handles transfer and licensing agreements, as well as advising on the IP aspects of cross-border M&A deals. The group’s expertise covers trade marks, patents and copyright matters. Managing a diverse workload in relation to IP portfolios, János Tóth leads the team. Norbert Bálint counts major IT and telecoms players, global software companies and start-ups among his clientele. Péter Ihász, who was promoted to senior associate in July 2022, focuses on the life sciences and pharmaceutical sectors.

Practice head(s):

János Tóth

Other key lawyers:

Hungary > Real estate and construction Tier 3

Specialising in solar energy projects, Wolf Theiss Faludi Ügyvédi Iroda‘s real estate team fields niche expertise beyond traditional real estate development. The group advises a diverse roster of real estate and parking operators, developers and management companies. Practice head János Tóth brings extensive expertise in real estate sales and acquisitions, as well as project development, to his role. Melinda Pelikán advises on real estate and project finance, while Norbert Bálint specialises in power plant construction projects. Zoltán Bódog, who was promoted to senior associate in July 2022, ‘stands out as an expert‘ in the sector.

Practice head(s):

János Tóth

Testimonials

‘The team provides practical and useful advice on complex transactions. They understand the legal aspects and business drivers for transactions. They can provide legal and tax advisory which makes them stand out on the market.’

‘The team offers a full service to its real estate clients. They are knowledgeable about regulations and offer practical advice and solutions as to how to solve out issues. Experience, security and speed – this is true about the real estate team in Hungary.’

‘Zoltán Bódog stands out as an expert in real estate, especially transactions relating to the energy sector. These transactions tend to be heavily regulated and complex. He is able to give clear advice and guide clients successfully through the process.’

‘Zoltán Bódog is an expert in the real estate aspects of developing PV power plants. He is regularly involved in these transactions.’

‘Zoltán Bódog is particularly experienced in transactions involving shopping malls, office buildings, warehouses and greenfield properties. He is experienced in real estate financings.’

‘Zoltán Bódog is sought and recommended for his due diligence activities. Due to his industry expertise, Zoltán understands the business and the competitive context of our clients, which allows him to provide useful advice not only from a legal but from a business perspective as well.’

Key clients

Enlight Renewable Energy

Work highlights

  • Advising Enlight on the acquisition of three solar renewable energy investment projects in Hungary, each with an inbuilt capacity of approximately 60MW.

Hungary > TMT Tier 3

Leveraging its strong international capabilities, the TMT team at Wolf Theiss Faludi Ügyvédi Iroda often advises on cross-border data protection matters and IT outsourcing projects. Also active in the fintech space, the group assists clients with digital transformations and implementation of new technologies. János Tóth heads up the TMT and IP practices, advising on development, licensing and distribution matters. Péter Ihász, who was promoted to senior associate in July 2022, specialises in technology and innovation, assisting new entrants to the sector. Norbert Bálint’s diverse clientele includes IT and telecoms companies, global software giants, and start-ups. Barnabás Buzási focuses on data protection law.

Practice head(s):

János Tóth

Key clients

Tricentis

Work highlights

  • Advising Tricentis on an ongoing basis in connection with its software licensing arrangements.

The firm: Wolf Theiss opened its first office in Vienna in 1957 and soon established a reputation as one of the region’s leading law firms. The firm has since grown into a multinational team of approximately 390 lawyers, making it one of the largest integrated law firms in the region. It has offices* in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovak Republic, Slovenia and Ukraine.

This presence on the ground is one of the firm’s key strengths. It works in a fast-moving part of the world that requires deep local knowledge and experience. By combining expertise with a strong international network, the firm is well-placed to handle complex cross-border transactions with a high degree of speed and flexibility.

Apart from its local offices in 13 CEE/SEE countries, Wolf Theiss also offers extensive regional experience in other countries in the region, such as Kosovo, Montenegro and North Macedonia.

*The firm has regulatory frameworks within which it needs to comply. So by ‘presence’, we mean a legal form that is in compliance with all applicable laws and regulations in that country.

Areas of practice: Wolf Theiss’ full range of services covers financial services, competition and antitrust, corporate/mergers and acquisitions, employment law, energy and infrastructure, intellectual property and information technology, litigation and alternative dispute resolution, real estate and construction, regulatory and procurement, and tax. The firm’s dedicated practice teams provide in-depth specialist knowledge in their respective areas and collaborate closely to provide clients with seamless advice.

Hungary: Launched in 2007, the team at Wolf Theiss Budapest provides client-focused and industry-driven advice to local and international clients in all aspects of commercial law, including corporate/M&A, real estate and environmental law, project development, banking and finance, dispute resolution and litigation, employment and tax – with a particular emphasis on the energy sector. Wolf Theiss’ Hungarian office – led by Zoltán Faludi – comprises 30+ lawyers (including three partners).

Department Name Email Telephone
Financial services Melinda Pelikán melinda.pelikan@wolftheiss.com +36 1 4848822
Competition/antitrust János Tóth janos.toth@wolftheiss.com +36 1 4848810
Corporate/M&A János Tóth janos.toth@wolftheiss.com +36 1 4848810
Dispute resolution Zoltán Faludi zoltan.faludi@wolftheiss.com +36 1 4848805
Employment Barnabás Buzási barnabas.buzasi@wolftheiss.com +36 1 4848832
Energy and infrastructure Zoltán Faludi zoltan.faludi@wolftheiss.com +36 1 4848805
Energy and infrastructure László Kenyeres laszlo.kenyeres@wolftheiss.com +36 1 4848807
TMT János Tóth janos.toth@wolftheiss.com +36 1 4848810
Real estate János Tóth janos.toth@wolftheiss.com +36 1 4848810
Regulatory and procurement László Kenyeres laszlo.kenyeres@wolftheiss.com +36 1 4848807
Tax János Pásztor janos.pasztor@wolftheiss.com +36 1 4848823
Photo Name Position Profile
Norbert Bálint photo Dr Norbert Bálint Counsel, Wolf Theiss, specialising in power plant construction projects, domestic and international…
Zoltán Bódog photo Dr Zoltán Bódog Senior Associate
Barnabás Buzási photo Dr Barnabás Buzási Counsel, specialising in employment matters, with an in-depth knowledge of the constantly…
Zoltán Faludi photo Dr Zoltán Faludi Partner; specialised in Energy and Natural Resources, Project Finance, Corporate/Mergers & Acquisitions,…
Péter Ihász photo Dr Péter Ihász Senior Associate
László Kenyeres photo Dr László Kenyeres Partner; specialised in Corporate, Energy, Employment Law, Energy, Regulatory & Procurement. László…
Ádám Lukonits photo Mr Ádám Lukonits Senior Associate.
Marietta Molnár photo Dr Marietta Molnár Senior Associate
János Pásztor photo Dr János Pásztor Senior Associate, leading the tax practice at Wolf Theiss Budapest. Janos is…
Melinda Pelikán photo Dr Melinda Pelikán Counsel, leading the Banking & Finance team in Budapest. She assists clients…
János Tóth photo Dr János Tóth Partner; specialised in Corporate/Mergers & Acquisitions, Competition Law, Data Protection, International Trade…
Lajos Wallacher photo Dr Lajos Wallacher Of Counsel
Number of lawyers : 390
at this office : 30+
English
German
Hungarian
American Chamber of Commerce in Hungary
German-Hungarian Chamber of Industry and Commerce
International Fiscal Association
International Chamber of Commerce
Contact : Zoltán Faludi (local managing partner)
Other offices : Belgrade
Other offices : Bratislava
Other offices : Bucharest
Other offices : Kiev
Other offices : Ljubljana
Other offices : Prague
Other offices : Sarajevo
Other offices : Sofia
Other offices : Tirana
Other offices : Vienna
Other offices : Warsaw
Other offices : Zagreb

At Wolf Theiss, we strongly believe that in a global marketplace, a company that employs a diverse workforce (both men and women of several generations and from ethnically and racially diverse backgrounds) is better able to understand the marketplace it serves, offers better and more unique perspectives and thus, is better equipped to thrive in that marketplace than a company that has a more limited range of employee demographics.

For us, uniting people and overcoming cultural divisiveness is part of our philosophy. By respecting each other, we have created a unique workplace camaraderie that spills over into our daily lives. Wolf Theiss considers itself to be politically liberal, not biased in any direction and imposing no restrictions on its workforce in terms of political view, religion, way of life, race, language and sexual orientation.

Our leadership team is comprised of 35% female partners, one of them within our management board, and 48% of our senior lawyers are women. We strive to stand at the forefront in the region, when it comes to gender diversity. We were one of the first law firms in the region to implement a maternity policy. Innovation initiatives at our firm are driven by female talent. We also encourage our lawyers to spend part of their daily work on firm-wide non-billable initiatives.

Wolf Theiss is proud to have been awarded the Best in Central Europe Award at the European Women in Business Law Awards 2023 and to have been recognised as “Best in Austria” at the European Women in Business Law Awards 2022, 2019, 2018, 2017, 2016, 2015, 2014, 2013 & 2012, “Best in Croatia” at the European Women in Business Law Awards 2019, 2018, 2017, 2016, 2015, 2014 & 2013 and “Best in Romania” at the European Women in Business Law Awards 2016, 2015 & 2014.

CORPORATE SOCIAL RESPONSIBILITY

At Wolf Theiss we believe that success is a two-way street. Our financial success depends in large part on our doing quality work for our clients, so they come back to us and recommend us to others. But our success also depends on the support of the local communities where we live and work. They provide us with a great deal of input and impulses, including the talented lawyers and assistants who make it possible for us to do what we do. We all think it is essential that we give something back to the community.

One way to show our commitment to the community is by providing legal advice on a pro bono basis to clients who need legal help, but are unable to pay for our services. Our pro bono work is directed at clients whom we consider to be very deserving or who face legal issues that we believe are especially important to our communities or to society as a whole.