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VJT & Partners

KERNSTOK KÁROLY TÉR 8., 1126 BUDAPEST, HUNGARY
Tel:
Work +36 1 501 9900
Fax:
Fax +36 1 501 9901
Web:
www.vjt-partners.com

Hungary : Corporate and M&A

Within Corporate and M&A, VJT & Partners is a third tier firm,

VJT & Partners’ ‘very reliable’ and ‘punctual’ team provides ‘an outstanding service in all respects’. It regularly represents private equity clients, and is very active in technology sector M&A. Clients include ARC Group Worldwide and Euroventures III LP. János Tamás Varga has ‘a really good oversight’ of the key issues.

Hungary : Dispute resolution

Within Dispute resolution, VJT & Partners is a third tier firm,

VJT & Partners provides ‘good value for money’, and has ‘a commercial perspective’. It is representing a large financial services client in ongoing insurance litigation and in proceedings before the HFSA. Managing partner János Tamás Varga has ‘deep knowledge across a wide spectrum of law’.

Hungary : Employment

Within Employment, VJT & Partners is a first tier firm,

VJT & Partners is well regarded for advice on employee terminations, labour disputes and the regulatory aspects of outsourcing. It experienced an uptick in employment instructions with an international element, and boosted team numbers at associate level. Clients include Hewlett-Packard Hungary. Practice head János Tamás Varga is ‘an excellent lawyer’, who provides ‘very competent’ advice to clients including Quadrant, ING Insurance and Harting. Dóra Bocskov-Szabó has ‘in-depth knowledge’ and is ‘eager to find the best solution’.

Hungary : Real estate and construction

Within Real estate and construction, tier 4

VJT & Partners advises Hewlett-Packard Hungary and ING Insurance on a variety of real estate issues, and recently assisted a US manufacturer with the property aspects of a cross-border transaction.

Hungary : TMT

Within TMT, VJT & Partners is a second tier firm,

VJT & Partners‘ team is ‘punctual’, ‘business-oriented’ and ‘attentive to details’. It advises technology clients on data protection and online media, and has ‘outstanding experience’ in outsourcing. It continued to advise Hewlett-Packard on matters ranging from data transfer to global employment. Intersport Hungary is a new client. János Tamás Varga is ‘an outstanding lawyer’ with ‘sector-specific expertise’.

Further information on VJT & Partners

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Hungary

Offices in Budapest

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Legal Developments in Hungary

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

  • Hungary: energy regulator restructured and further cuts in utilities prices expected

    In 2013, Hungary has introduced a 10% household utilities price cut in the field of electricity, gas and district heating. To ensure thorough enforcement of the price cuts, the country's energy regulator was restructured and several barriers were set to prevent energy companies from passing on these burdens to consumers.
    - Schönherr

  • Real Estate 2013. Chapter 19: Hungary

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk )
    - Schönherr

  • Hungary: Amnesty for offshore wealth is over - is there any efficient way to tax it?

    Hungary seeks to impose a 35% withholding tax on offshore assets.
    - Schönherr

  • Lessons from the Most Recent Cross-Border Mergers with Hungarian Participation

    The complicated Hungarian legislation on domestic company mergers can cause headaches, including in cross-border mergers. These headaches result mostly from the fundamental differences between Hungarian law and the national laws of other EU member states, which remain applicable alongside the harmonised rules for cross-border mergers.
    - Schönherr

  • Hungary: Hungary to impose new tax on payment services

    On 9 July, the Hungarian Government adopted Act CXVI of 2012 on Financial Transactions Tax, which levies tax on payment services. The Hungarian government claims that this new tax - which is also being referred to as a "financial transaction levy" - is aimed at supplementing the extraordinary tax levied on Hungarian credit institutions. The tax comes into effect and will be payable as of 1 January 2013.
    - Schönherr

  • 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”).
    - Kinstellar

  • 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.
    - Kinstellar

  • 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.
    - Andreas Neocleous & Co

  • LEGAL & TAX | NEWS September 2010

    BANKING & FINANCE  .  REAL ESTATE & CONSTRUCTION  .  PROCUREMENT & REGULATORY  .  EMPLOYMENT & PENSIONS
    - bpv Jádi Németh Ügyvédi Iroda

  • 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.
    - bpv Jádi Németh Ügyvédi Iroda
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