Lakatos, Köves and Partners > Budapest, Hungary > Firm Profile

Lakatos, Köves and Partners
MADÁCH IMRE ÚT 14
1075 BUDAPEST
Hungary

Hungary > Banking, finance and capital markets Tier 1

Noted for its ‘high-quality legal advice’, the banking, finance and capital markets team at Lakatos, Köves and Partners demonstrates pre-eminence in asset finance. The team is regularly engaged as local counsel by major international names, as well as acting on Eurobond issuances involving Hungarian players, and advising Hungarian investors in outbound investments. Centering on the energy sector, the team’s project finance expertise sees it regularly assisting lenders with solar projects. As an English and Hungarian-qualified banking expert, practice co-head John Fenemore brings extensive cross-border capabilities across securitisation, trade finance and bond issuance to the team. As well as demonstrating expertise in banking and capital markets regulations, products and litigation, Fenemore’s co-head Szabolcs Mestyán heads up the firm’s aviation practice, supported by Balázs Rokob. Ágnes Ábrahám plays an active role in the team’s bond issuance transactions, including sovereign bond transactions. Pál Rahóty leads the financial regulatory team, while Gergely Kántor and Botond Horváth focus on corporate governance. Infrastructure financing is one of Gabriella Szabó’s areas of expertise. Péter Köves rounds out the roster of recommended names. In team news, January 2024 saw the arrival of Zsuzsanna Lukács from Nagy és Trócsányi Ügyvédi Iroda.

Practice head(s):

Szabolcs Mestyán; John Fenemore

Testimonials

‘The team is providing invaluable professional support across all legal areas. They are very practical, effective and responsive. They are providing high-quality legal advice in a timely and professional manner, still with a very practical approach. Their advice is timely and supplements our thinking well.

‘I’m working with Szabolcs Mestyán, John Fenemore and Gergely Kántor. Each team member has broad experience and deep understanding of the financial and capital markets regulations, and their knowledge in regulatory issues is also very much appreciated.’

‘John Fenemore and Nóra Kertai were a pleasure to work with – affable and very commercial in getting the deal done under time pressure.’

Key clients

Indotek Group

Citibank

PNC Bank

Mercuria Energy Trading SA

MFB Hungarian Development Bank

JP Morgan

Deutsche Bank

ING

CIT Bank

CMB Financial Leasing

Work highlights

  • Advised Eximbank Hungary on its issuance of $1,250m 6.125% notes due 2027 under Regulation S and Rule144A.
  • Instructed as joint local counsel for Société Générale – as lender and facility agent – and Tokyo Century Corporation – as borrower and lessor – on a Japanese operating lease transaction involving three Airbus A321 neo aircraft on lease to Wizz Air Hungary and Wizz Air UK.
  • Advised Leadec Group on the Hungarian aspects of the amendment and increase of an English law credit facility agreement entered into between Leadec Holdin- as borrower – UniCredit Bank – as facility agent – and UniCredit Bank, London Branch – as security agent.

Hungary > Commercial, corporate and M&A Tier 1

The ‘highly responsive and business-minded’ commercial, corporate and M&A team at Lakatos, Köves and Partners has recently noted an increase in mandates related to the automotive and life sciences industries, and the firm is now particularly focused on delivering greenfield projects within the automotive sector. The team’s multinational clientele includes new entrants to the Hungarian market, and the group’s advice ranges from general commercial matters to restructurings. Richard LockIván Sólyom and Ádám Máttyus are the trio overseeing the work. Viktória Szilágyi focuses on the renewable energy and healthcare sectors, while Kornél Dirner has expertise in capital restructuring and Nóra Szigeti assists companies with dissolutions. Pál Rahóty has extensive experience advising on cross-border transactions and György Tóth handles related commercial litigation. In January 2024, Péter Berethalmi and Zsuzsanna Lukács joined from Nagy és Trócsányi Ügyvédi Iroda.

Practice head(s):

Iván Sólyom; Ádám Máttyus; Richard Lock

Testimonials

‘Very strong, excellent legal advice.’

‘Ádám Máttyus is a true hero when negotiating complex transactions.’

‘A highly responsive and business-minded team.’

‘Team members deliver outside the box solutions and that puts them ahead of rivals.’

‘The high-calibre M&A team at Lakatos, Köves and Partners gives expert quality advice and is very responsive.’

‘Iván Sólyom is calm under pressure and provides pragmatic and commercial legal advice. Kornél Dirner is a pleasure to deal with and is always on hand for a quick response.’

Key clients

Vodafone

Selena Group

United Petfood Producers NV

Snap International II Limited

PPF Group

Zenitech Group

Hydro Aluminium AS

Egeria Capital Behar BV

Integrator d.o.o.

Afinum 9

Mars, Mattoni (Szentkirályi), American International School of Budapest, Colas, Mastercard, Siemens AG, STX, Accenture etc.

LEGRAND SA

Elliott Management

Mondelez Europe GmbH

Cinven

Essentra International Limited

Work highlights

  • Advised Vodafone plc on the sale of Vodafone Magyarország Zrt. to 4iG Nyrt. and Corvinus Zrt. for a total cash consideration of €1.7bn.
  • Advised SELENA Group, a distributor of construction chemicals and producer of polyurethane foam, on a strategic collaboration with Masterplast, a Hungarian-listed insulation material and construction industry product production and distribution company.
  • Advised United Petfood on its acquisition of a pet food factory from the Cargill Group in Hungary.

Hungary > Competition Tier 1

In line with the government’s introduction of new legislation in 2023, the competition team at Lakatos, Köves and Partners noted an increase in instructions relating to the review of client whistleblowing policies. The group’s diverse clientele includes multinational corporations and foreign investors, and spans the real estate, telecoms, construction and life sciences sectors. Practice co-head Eszter Ritter has over 15 years’ experience, spanning antitrust, merger control and unfair competition cases. Ritter’s counterpart Iván Sólyom has brings his cross-practice expertise as head of the firm’s corporate and M&A team to the group. Adrienn Mándoki advises on consumer protection matters. Ádám Máttyus rounds out the roster of key contacts.

Practice head(s):

Eszter Ritter; Iván Sólyom

Other key lawyers:

Testimonials

‘Unique expertise in the national specifics of competition law.’

‘Eszter Ritter and her colleagues consistently impress with their quick and knowledgeable responses. They’re a reliable partnership who bring a wealth of expertise to the table. Collaborating with them is always a smooth and productive experience.’

‘Excellent knowledge of the law, client oriented and proactive attitude to match client needs in a time-constrained scenario.’

‘The firm has a strong team with thorough knowledge of the local law and the practice of the national competition agency. They were always available when needed and delivered their work on time, communicating in advance on issues. Overall, I also always had a good experience working with this firm.’

‘Eszter Ritter is hands on, always available and has a good knowledge of the case.’

‘Iván Sólyom is able to explain complex legal processes and concepts in a helpful and pragmatic way.’

Key clients

Meta Platforms Ireland

Vodafone

GE Healthcare

Mastercard Europe SA

Mattoni Group (formerly Karlovarské mineralní vodi a.s.)

COLAS S.A.

Waterland Group

Hitachi Rail

General Plastic, a. s.

Zenitech

Diófa Alapkezelő Zrt.

Work highlights

  • Represented Meta in an unfair commercial practices investigation by the HCA, in which the HCA filed a constitutional complaint before the Hungarian Constitutional Court to challenge the rejection of the HCA’s remedy request against the Kúria’s 2021 ruling in Meta’s favour.
  • Advising Vodafone on day-to-day competition law matters and on competition law matters in relation to its spin-off company Vantage Towers.
  • Representing GE Healthcare in various cartel investigations involving the client’s business unit, concerning alleged collusions regarding public procurements.

Hungary > Data privacy and data protection Tier 1

Lakatos, Köves and Partners’ data protection practice serves an international client base and has developed a niche advising new entrants to the Hungarian market. The group’s expertise extends beyond data breaches, audits and incidents to encompass advice on marketing campaigns and new product and service development. The team also has a strong track record in relevant dispute resolution. Iván Sólyom leads the team and his knowledge of data protection and GDPR law intersects with corporate, M&A and IP mandates. Alekszej Dubalár has a wealth of experience in IP and data protection litigation, with a particular focus on the energy and utilities sectors.

Practice head(s):

Iván Sólyom

Other key lawyers:

Key clients

American International School of Budapest

Mastercard Europe SA

Mars

Indotek

Szentkirályi Kékkúti Ásványvíz

Integrator d.o.o.

Aston Martin

Mercedes Benz (Daimler)

Work highlights

  • Advising AISB on a GDPR compliance audit, including privacy policy and notices, and all related documentation.
  • Advising Mastercard on all data privacy issues relating to its Hungarian marketing programs.
  • Advising the sales divisions of Mars Group on marketing and promotions, as well as other consumer facing programs.

Hungary > Dispute resolution Tier 1

With diverse expertise which spans investment, M&A and employment litigation, as well as damages cases and healthcare sector-related claims, the dispute resolution team at Lakatos, Köves and Partners receives instruction from a varied client base that includes both national and international clients. The practice has been involved in cases before the Constitutional Court of Hungary, the European Court of Justice and the European Court of Human Rights. Balázs FazakasPéter Lakatos and Péter Köves lead the group; Fazakas bring ten years’ experience in front of Hungarian and international courts and arbitration forums to the role, Köves is experienced in alternative dispute resolution, and Lakatos is an expert in the TMT sector. Sára Darnót is involved in international commercial arbitration and Gabriella Szabó has experience representing both corporate clients and government agencies. Adrienn Mándoki is another name to note. In March 2024, Viktor Jéger joined the team from Nagy és Trócsányi Ügyvédi Iroda.

Practice head(s):

Balázs Fazakas; Péter Lakatos; Péter Köves

Testimonials

‘Good advice that just works.’

‘Our main contact is Balázs Fazakas and he’s responsive, creative, pragmatic, nerve-calming for clients.’

‘The team is highly responsive and business minded.’

‘Team members deliver outside the box solutions and that puts them ahead of rivals.’

Key clients

TVOT (National Organization of School Book Distributors)

MARS

Colas

Indotek Group,

Meta

LG

Mid Europa

Work highlights

  • Represented TVOT before the ECtHR in legislation which effectively created a state-owned monopoly for the distribution of schoolbooks.
  • Defending the client in a damages claim relating to a fatal incident during plant maintenance works involving an unauthorised subcontractor.
  • Representing several Hungarian subsidiaries of the Colas Group as defendants in follow-on cartel damages claims launched by the Hungarian State and the Municipality of Budapest.

Hungary > Employment Tier 1

A one-stop shop for clients based in Hungary, across the CEE region, and those with global operations, the employment team at Lakatos, Köves and Partners is regularly instructed by companies from the IT, logistics and automotive industries. The group’s contentious practice spans all employment-related disputes, and is well versed in both litigation and mediation. The group works in tandem with the data protection and privacy departments to advise on social media use and GDPR issues, and regularly advises on the employment aspects of corporate transactions, such as restructurings and M&A deals. Practice head Éva Bognár has over 20 years’ experience in the full range of employment matters, from restructuring schemes and redundancy programmes to labour disputes. Specialising in management contracts and employment litigation, Katalin Losonci brings over 15 years’ experience to the team. Petra Rózsahegyi advises corporations on employment frameworks, including agreements, contracts and TUPE.

Practice head(s):

Éva Bognár

Other key lawyers:

Testimonials

‘Éva Bognár leads a team of very professional and knowledgeable employment attorneys who often team up with tax or data protection professionals from their law firm to efficiently resolve clients’ requests.’

‘Top notch employment practice in Hungary.’

‘Éva Bognár is very responsive and always gives to-the-point and concise answers to sometimes very complex questions.’

Key clients

Mattoni 1873 a.s.

WHSmith

Boston Consulting Group

TUE Manifacturing CO, Inc

Omnipresent Group Limited

Norbit ASA

Toyo INK

Flowserve

VGP Parks

MARS Multisales and Manufacturing entities

ThreeBond

American International School of Budapest (AISB)

Essentra International Limited

KNAUF

Warner Media

Trimble Inc.

Nvidia

Soulbrain

Sinbon

Eurolife

Dynata

Mid-Europa

Work highlights

  • Advising Viterra on the implementation of a management change in Hungary, including the various options relating to executive termination and removals from corporate positions in several group companies.
  • Advised Vodafone plc on the sale of Vodafone Magyarország Zrt. to 4iG Nyrt. and Corvinus Zrt. for a total cash consideration of €1.7bn, which required employment structuring since the HR framework changed from the employment regulation of privately-held companies to party state-owned regulation.
  • Advising Flowserve on the setup of the entire employment framework of its new shared financial services centre, including the standard and executive employment contracts, policies and working conditions.

Hungary > Projects and energy Tier 1

Noted particularly for its expertise in the solar power space, Lakatos, Köves and Partners’ projects and energy team has recently seen an increase in energy-related work from its international clientele. The practice’s diverse client base includes car manufacturers, greenfield project investors and battery suppliers. Energy, corporate and M&A specialist Ádám Máttyus leads the team alongside Attila Ungár, who leads on real estate development mandates, and Viktória Szilágyi, who is particularly active in the geothermal energy field. Ágnes Hegyi manages a breadth of complex real estate projects. Kornél Dirner, Nóra Szigeti and Alekszej Dubalár provide further support from a corporate perspective.

Practice head(s):

Ádám Máttyus; Viktória Szilágyi; Attila Ungár

Testimonials

‘A wide range of experience within the team. We can turn to Lakatos, Köves and Partners with any type of issues or questions and they can support us.’

‘Dedicated, supportive and can-do attitude.’

Key clients

GLP

Mars Group

MLP Group

KS Orka

Toyo Ink

Soulbrain

Interplex Hungary Kft.

Arctic Green Energy Corporation

Green Power Investment s.r.o. (Solidsun Group)

Duna Medical

DVM Group

Work highlights

  • Advising GLP on development land acquisitions and issues relating to the multi-phased construction of a logistics centre in Szigetszentmiklós.
  • Advising Mars Group on agreements relating to the development of production facilities and the involvement of a construction trustee.
  • Advising MLP Group on the acquisition of certain properties located in Hungary suitable for logistics development, including the preparation of a due diligence review and report, and the structuring of underlying transaction documents.

Hungary > Real estate and construction Tier 1

The dedicated team of real estate experts at Lakatos, Köves and Partners advises on development projects, ongoing portfolio management activity, acquisitions and disposals. In tandem with the firm’s finance and tax groups, the team assists with project financings, and asset and share deals. With 25 years’ experience in the sector, Attila Ungár leads the team. Ágnes Hegyi fields over 20 years’ experience in real estate transactions, as well as property management, construction and development. With expertise across various asset classes, including offices, shopping centres and hotels, Katalin Losonci advises on acquisition, development and leasing issues. Zsuzsanna Ilyés handles property operational matters, as well as advising on solar park and shopping centre projects. Specialising in the retail and office segment, Kata Molnár advises on international real estate transactions. In team news, Péter Berethalmi and Viktor Jéger joined from Nagy és Trócsányi Ügyvédi Iroda in January and March 2024, respectively.

Practice head(s):

Attila Ungár

Testimonials

‘Lakatos, Köves and Partners’ real estate team is very knowledgeable and equally approachable. They are able to combine their legal knowledge with a pragmatic approach and never lose sight of the interests of our business. They are straight-talking and they understand and solve the problem before it becomes one.’

Attila Ungár is very talented, assertive and quickly understands the deep aspects of the cases. He has substantial experience assisting clients in a very broad array of real estate matters. He is great to work with, because he applies his in-depth real estate law knowledge to provide objective and swift answers, and he is always available.’

Key clients

Nippon Paper Industry

Indotek Group

GLP

Fidelidade – Companhia de Seguros, S.A.

Vodafone

Wizzair

Convergence

Goddard Littlefair

Care Park

Foster Electric (Hungary) Kft.

Mars

Work highlights

  • Advised Japan’s Nippon Paper Industries on a greenfield investment, including the acquisition and development of an industry site and construction of a plant in Hungary.
  • Advising Indotek on the acquisition of My-Box Debrecen Shopping Mall and, in parallel to the acquisition, advised on a lease negotiation securing Lidl as anchor tenant.
  • Advising GLP on its Hungarian real estate matters, including assisting with the leasing of its logistics building.

Hungary > TMT Tier 1

Lakatos, Köves and Partners supports an extensive list of multinational telecoms clients throughout their entire lifecycle, from network agreements to regulatory matters, and from to permitting issues and litigation. The TMT team noted a recent increase of activity within the telecoms sector, supporting new entrants as well as advising existing players on transactional work. The firm also fields a dedicated unfair commercial practices and consumer protection sub-practice. TMT expert Péter Lakatos leads the team alongside Iván Sólyom, who takes a lead role in the team’s compliance, licensing and contentious matters, as well as advising on data protection and e-commerce mandates. As members of the firm’s corporate team, Nóra Szigeti and György Tóth provide support on relevant M&A transactions, drawing on cross-practice as well as cross-border expertise.

Practice head(s):

Péter Lakatos; Iván Sólyom

Other key lawyers:

Testimonials

‘Lakatos, Köves and Partners has a market-leading, very high-quality TMT team.’

‘Iván Sólyom is highly responsive and commercial.’

Key clients

Vodafone

PPF

Snap International II Limited

Zenitech

Allegro

Soulbrain

Szentkirályi és Kékkúti Ásványvíz, Mars/Royal Canin

Mercedes Benz (Daimler)

Aston Martin

Work highlights

  • Advised Vodafone plc on the sale of Vodafone Magyarország Zrt. to 4iG Nyrt. and Corvinus Zrt. for €1.7bn.
  • Advised Czech investment group PPF on the Hungarian aspects of selling a 30% stake in its telecoms infrastructure group CETIN to Singapore’s GIC investment fund.
  • Advised Snap International II Limited on the acquisition of 100% of the shares in SignAll Technologies Informatikai.

Hungary > Intellectual property Tier 2

In tandem with the firm’s corporate practice, the team at Lakatos, Köves and Partners advises on the full range of IP matters. As well as providing IP-related support regarding M&A transactions, the group covers trade mark filings and renewals, brand protection, IP disputes and infringement cases. The group fields particular expertise in the financial services, energy and telecoms sectors and continues to take on new clients from the technology, FMCG and automotive industries. ‘Expert in copyright and IT matters’ Iván Sólyom leads the team, and Alekszej Dubalár brings a wealth of additional experience in IP litigation to the group.

Practice head(s):

Iván Sólyom

Other key lawyers:

Testimonials

‘Their client focus, responsiveness, business-minded approach and knowledge of our industry makes them unique for us. The team is a pleasure to work with. They have skill, expertise and excellent communication skills.’

‘I have worked with Iván Sólyom for several years now and he has always proven to be an expert in copyright and IT matters. He is very dedicated, quick and bright.’

Key clients

Allegro

Vodafone

Indotek

Philip Morris international (PMI)

Foundation for the Protection of the Traditional Cheese of Cyprus named Halloumi

MARS Group

Szentkirályi Kékkúti Ásványvíz, subsidiary of Karlovarské minerální vody, Mattoni Group

Zenitech Group

Snap Inc.

Fruit of the Loom Ltd.

Aston Martin

Work highlights

  • Advised Allegro on buy-side due diligance issues in relation to the purchase of the Mall Group a.s., WE|DO CZ s.r.o. and their subsidiary undertakings.
  • Advised Vodafone plc on the sale of Vodafone Hungary to 4iG Nyrt. and Corvinus Zrt. for €1.7bn.
  • Advised Zenitech Group on the acquisition of Autsoft, a Hungarian company engaged in customised software development and software solutions in artificial intelligence and IoT Platforms.

Hungary > Tax Tier 2

Lakatos, Köves and Partners’ tax team provides cross-practice support across the firm, working in tandem with the employment, real estate, banking and finance, employment, and corporate groups. The department advises on international holding and finance structures, double taxation treaties and VAT planning for cross-border trading. The team’s practice also covers contentious matters, and it represents clients in tax litigation, inspections and negotiations with the tax authorities. Certified tax advisor Balázs Kántor leads the team, advising on both national and international tax-related matters. Petra Rózsahegyi is a member of both the employment and tax teams, so frequently provides advice straddling the two disciplines.

Practice head(s):

Balázs Kántor

Other key lawyers:

Testimonials

‘Commercial tax advice in clear and concise language from a responsive and proactive team.’

‘Balázs Kántor is simply excellent – he understands the problem and works constructively to provide a solution.’

‘The tax team of LKT offers a top-quality service, flawless technical support and advice, strong reactivity and continuous commitment. Balázs Kántor and his team provide valuable and personalised support throughout our projects concerning operational tax matters. Their advice is timely and supplements our thinking well.

‘Balázs Kántor provides outstanding work and very strong commitment. He’s very thorough, has good technical and analytical skills but does not lose sight of the pragmatic side. The advice he provides is get-to-the point and makes sense from a business perspective.’

‘They were available whenever we needed them and valued our timeline of when we needed the information by. I was very impressed with Balázs Kántor. I thought he was knowledgeable and direct and a pleasure to work with.’

‘Balázs Kántor is a tax advisor who is very familiar with the prevailing tax laws and rules in Hungary.’

‘We appreciate the team’s expertise in tax-related matters, not only the required legal items, but also a very strong understanding of the tax issues, as well as the bigger picture. Collaboration with the team is always very fruitful and leads to important structural innovations and considerable added value. Extensive experience, strong financial and tax views, outstanding legal competence and practical approach.’

‘Balázs Kántor and his team are highly professional, very helpful, and very agile in their response time. They know the market and what clients expect, and they really fulfil expectations. They deliver practical and to the point service of highest quality.’

Key clients

Vodafone

Soulbrain

JP Morgan

Deutsche Bank Hungary

Indotek Group

Aviation financings

DZ Bank

DVM / Horizon Development

Fidelidade – Companhia de Seguros, S.A.

Care Park Pty. Ltd.

Work highlights

  • Advised Vodafone plc on the sale of Vodafone Magyarország Zrt. to 4iG Nyrt. and Corvinus Zrt for a total cash consideration of €1.7bn.
  • Providing continuous tax advice to Deutsche Bank Hungary, including advising on transactional duty liability with regard to foreign investment service providers of the bank, tax implications of employee loans and withholding of tax guidelines from clients.
  • Advising Rothschild & Co Bank AG as a foreign bank on setting up such securities accounts for high-net-worth individuals as fulfill the requirements of long-term investments accounts enjoying preferential tax treatment under the Hungarian tax laws and the tax implications of transferring investments to such accounts by the high-net-worth individuals.

Firm overview: Lakatos, Köves and Partners (LKT) is an independent internationally focused full service commercial law firm based in Budapest. It has a predominantly international client base, offering cutting-edge know-how and matching innovative legal solutions to business needs. The firm has been independent since 2009 having been Clifford Chance’s office in Budapest from 1993 to 2009. LKT’s market standing is reflected in top tier rankings in many areas including banking and finance, capital markets, corporate/M&A, competition, dispute resolution, real estate, and TMT. The firm works with leading law firms from around the world, in relation to their Hungarian activities and issues. LKT is a member of the Budapest Bar Association, International Bar Association, Multilaw, Interlaw, INSOL and the Loan Market Association.

Practice areas: Aviation, banking and finance, capital markets, competition/antitrust, consumer protection, corporate/M&A, dispute resolution, employment, energy, GDPR/IP, life sciences, project development, real estate and construction, tax advisory, telecommunication/media/technology, transportation & logistics

Main areas of practice
M&A: The firm advises on the full range of M&A transactions, representing foreign investors both in relation to Hungary specific transactions and also regional or global transactions, on which the firm assists in relation to the Hungarian aspects of such deals.

Corporate/regulatory/compliance: The firm advises many corporates, in particular the subsidiaries of international companies on the issues facing them in their operations in Hungary, ranging from general corporate establishment and maintenance through their compliance with all local regulatory requirements (eg sectoral regulation, investigations, competition law). Notably active sectors in the firm’s practice are financial services, real estate, automotive, aviation, energy, life sciences and TMT/IT/technology.
Contact: Iván Sólyom
Email: ivan.solyom@lakatoskoves.hu

Contact: Ádám Máttyus
Email: adam.mattyus@lakatoskoves.hu

Contact: Pál Rahóty
Email: pal.rahoty@lakatoskoves.hu

Banking and finance and capital markets: The firm’s banking and finance practice includes asset financing, structured financing, real estate projects, corporate and aviation financing, both on the lender and the borrower side, banking regulation, M&A in the banking sector, banking products, NPL, restructuring, insolvency and banking litigation. Capital market mandates include securitizations, share and bond issuance (including sovereign bonds), complex equity and debt securities offerings, dual-listings, IPOs, derivatives, structured products, structured finance and asset management issues, as well as regulatory matters (Brexit, Prospectus Directive, MiFID, EMIR, etc.)
Contact: Szabolcs Mestyán
Email: szabolcs.mestyan@lakatoskoves.hu 
Contact:
John Fenemore
Email: john.fenemore@lakatoskoves.hu

Competition/antitrust: The firm has longstanding expertise on all types of matters in this area, including merger filings, competition/anti-trust issues, cartel proceedings, abuse of dominant position and representation during investigations by the Hungarian Competition Office and court litigation procedures. LKT’s consumer law practice is outstanding, including dealing with Unfair Commercial Practices (UCP).
Contact: Iván Sólyom
Email: ivan.solyom@lakatoskoves.hu
Contact:
Eszter Ritter
Email: eszter.ritter@lakatoskoves.hu

Aviation: LKT has an aviation group, which is unique in Hungary and market leader in the CEE region. LKT acts on aircraft finance, JOLCO transactions, securitisation of aircraft lease receivables, aviation regulatory, financial and operating leases, sale and leaseback transactions, pooling of engines, security interests, insurance and reinsurance liability, litigation and dispute resolution with strong trial capability, repossession of aircraft and tax issues.

Contact: Szabolcs Mestyán
Email: szabolcs.mestyan@lakatoskoves.hu 
Contact:
John Fenemore
Email: john.fenemore@lakatoskoves.hu

Real estate and Construction: LKT’s real estate team is one of the largest legal real estate teams and has a dominant position in the real estate market in Hungary for many years, including team members with 15+ years of experience. The firm advises on the entire spectrum of real estate matters, including acquisition and structuring, construction and development, asset and property management with a special expertise in the field of offices, retail, logistic and industrial properties, hotels and other specialised areas such as private hospitals, student housing, greenfield developments.
Contact: Attila Ungár
Email: attila.ungar@lakatoskoves.hu

Dispute resolution: LKT successfully represents clients in international arbitration proceedings before the ECHR, ECJ, and ICSID and in litigation proceedings at ordinary courts.
Contact: Balázs Fazakas
Email: balazs.fazakas@lakatoskoves.hu

Employment: LKT advises clients in relation to employment and executive contracts, pension schemes and benefit programs, employment disputes, HR aspects of M&A transactions, works council and trade union relations. The firm has extensive experience in managing international restructuring and redundancy projects, mobility and remote/hybrid work schemes. The team is increasingly involved in IT related issues i.e. GDPR, employee surveillance practices, employment aspects of AI etc.
Contact: Éva Bognár
Email: eva.bognar@lakatoskoves.hu

Energy: LKT’s energy practice includes involvement in the full range of energy sources from nuclear through conventional power to renewables, with broad experience in regulatory issues, project development, financing and M&A. In the renewables field, the activities are mainly in solar and thermal projects.
Contact: Ádám Máttyus
Email: adam.mattyus@lakatoskoves.hu
Contact: Viktória Szilágyi
Email: viktoria.szilagyi@lakatoskoves.hu

IP/GDPR: Advising in brand protection, trade mark filings, renewals and due diligence, IP litigation and disputes, Tech related matters, GDPR and data protection, including full GDPR audits.
Contact: Iván Sólyom
Email: ivan.solyom@lakatoskoves.hu

Tax advisory: LKT fully integrates tax advice into its legal work. The tax practice head is a certified tax advisor and a qualified lawyer. LKT’s tax team advises on the full range of tax issues connected to the clients’ businesses, in particular in corporate, real estate and employment matters.
Contact: Balázs Kántor
Email: balazs.kantor@lakatoskoves.hu

Telecommunication/media/technology: LKT works on ground-breaking transactions in the telecommunications, media and technology sectors in Hungary with a broad base of expertise in regulatory aspects of market liberalization and consolidation, including M&A transactions and frequency tenders. LKT advises on all aspects of telecommunication law, internet and e-commerce (i.e. data protection, M&A, corporate, competition and regulatory).
Contact: Péter Lakatos
Email: peter.lakatos@lakatoskoves.hu
Contact: Iván Sólyom
Email: ivan.solyom@lakatoskoves.hu

Managing partner: Dr. Péter Lakatos LL.M.
Number of partners: 11
Number of lawyers: 50+, including tax advisors
Languages: English, German, French, Italian, Chinese, Hungarian, Romanian, Serbian, Spanish

CONTACT: Madách Trade Center, H-1075 Budapest
Madách Imre út 14., Hungary

Tel.: +3614291300 / www.lakatoskoves.hu

info@lakatoskoves.hu

Department Name Email Telephone
Corporate/Regulatory/Compliance Richard Lock richard.lock@lakatoskoves.hu +3614291300
Business Development Andrea Spisák andrea.spisak@lakatoskoves.hu +3614291300
Photo Name Position Profile
Éva Bognár photo Dr Éva Bognár Counsel, Head of Employment
Balázs Fazakas photo Dr Balázs Fazakas Partner
Balázs Kántor photo Dr Balázs Kántor Dr. Balázs Kántor is the Head of the Tax Group at Lakatos,…
Péter Köves photo Péter Köves Senior Partner
Péter Lakatos photo Péter Lakatos Managing Partner
Richard Lock photo Richard Lock Founding Partner
Adrienn Mándoki photo Dr Adrienn Mándoki Lawyer
Ádám Máttyus photo Ádám Máttyus Partner
Szabolcs Mestyán photo Szabolcs Mestyán Partner
Balázs Rokob photo Balázs Rokob Banking Lawyer
Iván Sólyom photo Iván Sólyom Partner
Attila Ungár photo Attila Ungár Founding Partner
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COMPANY/FIRM: Lakatos, Köves & Partners (“LKT”) M&A, TMT and Competition Group (Iván Sólyom)
TESTIMONIAL: “Thank you for all of your hard work – your dedication and responsiveness was very much appreciated during a process which certainly had its challenges” and “cannot tell you how grateful we are for your enormous effort in helping the company reach this point. We put great demands on your team and you responded amazingly”.


COMPANY/FIRM: LKT Competition Group (Eszter Ritter)
TESTIMONIAL: “Yes well done team! Very good news… Thanks for all the hard work on this!”
“Thanks again for having managed this proceeding so well!”


COMPANY/FIRM: LKT Employment Group (Éva Bognár)
TESTIMONIAL: „Eva has been invaluable in assisting us with any and all labor relations challenges that have (or will) face our Budapest facility.”


COMPANY/FIRM: LKT Employment Group (Éva Bognár)
TESTIMONIAL: “We have always appreciated your quick and reliable advice.”


COMPANY/FIRM: LKT M&A and Capital Markets (Péter Lakatos, Pál Rahóty)
TESTIMONIAL: “Thanks again for all your help and support throughout, which has been fantastic. Hope to work with you again on something soon.”


COMPANY/FIRM: LKT
TESTIMONIAL: “Want to thank you for the good cooperation, and your responsiveness and prudent advice.”


COMPANY/FIRM: LKT banking team (Szabolcs Mestyán, Pál Rahóty)
TESTIMONIAL: “Many thanks for making this happen and for the sacrifices made over the last year or so.”


COMPANY/FIRM: LKT (Pál Rahóty)
TESTIMONIAL: “Your assistance in this challenging and complex process has been much appreciated. Quite an intense ride!”


COMPANY/FIRM: LKT (Richard Lock, Pál Rahóty)
TESTIMONIAL: “Words can’t express my gratitude for your effort.”

Péter Lakatos LL.M., Managing Partner

Dr. Péter Lakatos LL.M., Managing Partner of Hungarian leading law firm, Lakatos Köves and Partners (LKT) gives an impression how the firm is combining business solution with an innovative approach and local market knowledge with global expertise adapting to clients’ changing needs.

What do you see as the main points that differentiate LKT from your competitors?

We believe that we occupy a small niche between the international network firms and local firms, and combine the best of each of those groups. Most of us trained in the international firms and work principally for international client and yet we have the flexibility and independence of a local firm and have been established in the local market for as long as anyone.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

We have been expanding for several years and see that continuing, not necessarily specific to particular practice areas. However we anticipate increased demand in a number of areas, for example, in our M&A team with a particular focus on certain sectors e.g. energy, telecoms and healthcare. In finance we anticipate the fallout from the financial distress caused by the pandemic. The amount of work handled by our litigation practice continues to grow. Tax, labour law and consumer protection are also growth areas for us. The drivers behind most of that growth will be a mixture of positive and negative trends in the economy – on the positive side, the continuing attractiveness of Hungary as a relatively low cost base close to the main European markets, in particular for Asian companies as they review their supply chains. On a more negative side the stresses and strains caused by the pandemic and trends such as digitalization will be important.

What’s the main change you’ve made in the firm that will benefit clients?

I would highlight two changes, one specific to our firm and one relevant to all firms but which we believe we have handled well. This specific development is the continuing refinement of our Time Mind practice management system which unlike many such systems is tailored specifically to the needs of law firm. This system is a comprehensive “integrated” system embracing client and BD data base, time recording, document and e-mail management, multicurrency billing, and financial reporting system, which operates on a real time base information. Attesting to its value is the fact that several firms in Hungary and around the region have adopted this system. The more general change is the switch to online working which went extremely smoothly.

Is technology changing the way you interact with your clients, and the services you can provide them?

I generally believe that the tech capabilities determines the competitiveness of all industries nowadays, and the legal business is not exempted from that. Our efficiency and profitability are very much depends on the successful implementation and application of the information technologies in our practice, and it is also a requirement of most of the clients even during the day to day interactions. We must follow the latest trends as well.

Can you give us a practical example of how you have helped a client to add value to their business?

In the last couple of years we have had several examples of introducing clients to transaction, which goes beyond the service normally expected of lawyers. Our creative thinking has often helped our clients find innovative solutions in groundbreaking transactions. Life in Hungary over the last thirty years has been interesting and often challenging, and it certainly continues to be so. Feedback from our clients confirms that our firm is seen as one of the leading law firms in Hungary. Using the knowledge and experience we have gained during the past three decades we look forward to continuing to respond to these challenges and working together with our current and new clients.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

We certainly believe that our clients appreciate our track record and the fact that we have been active in this market on the highest level for many years. Equally I believe our clients appreciate our focus on assisting foreign investors in relation to their investments and activities in Hungary. We see that foreign investment into Hungary is continuing and we aim to be advising those new investors in addition to those already here.