The Legal 500

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie

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

Banking and finance

Within Banking and finance, Baker & McKenzie is a second tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie displays ‘good teamwork’ and provides ‘an excellent level of service’. It acts for Hungarian commercial banks on domestic and foreign interests, and also recently assisted Bank of China (Hungária) Hitelintézet Zrt with regulatory and finance issues surrounding Wanhua International Resources Company’s acquisition of BorsodChem Zrt. JPMorgan Chase Bank instructs the firm on film financing. Pál Takács heads the group.

Capital markets

Within Capital markets, Baker & McKenzie is a second tier firm,

Recognised for its ‘excellent levels of service’, Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie advises multinational banks and publicly listed companies on capital markets transactions. Dusán Lásztity and Pál Takács are the team’s two partners.

Competition

Within Competition, Baker & McKenzie is a first tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie’s six-lawyer team acts for major Hungarian companies and multinationals in merger control proceedings and cartel investigations. Zoltán Hegymegi-Barakonyi represented Allianz Hungaria Insurance in preliminary reference proceedings to the European Court of Justice (ECJ), and Péter Vörös advised a biofuels company on a proposed acquisition. Clients note that the team provides good value for money.

Dispute resolution

Within Dispute resolution, Baker & McKenzie is a second tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie has been particularly active in consumer protection and contractual disputes. It is advising the Hungarian subsidiary of a car manufacturer in arbitration pursuant to a product recall.

Employment

Within Employment, Baker & McKenzie is a first tier firm,

Ákos Fehérváry leads Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie’s seven-lawyer team, which recently advised a global retailer on trade union issues and collective redundancy. Another area of focus is representing employers in litigation against former employees.

Energy

Within Energy, Baker & McKenzie is a second tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie’s energy team has ‘a transactions-based background and a solutions-oriented attitude’, and shows ‘strong drafting skills’. It earns repeat instructions for AES Hungary, and most recently assisted the electricity giant on a sale of distressed energy assets. Pál Takács heads the group, which gained MVM as a new client.

Intellectual property

Within Intellectual property , Baker & McKenzie is a second tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie’s compact IP group now numbers three fee-earners following the recruitment of another associate. Zoltán Hegymegi-Barakonyi heads the team, which is advising a Hungarian bakery on multi-jurisdictional brand management and trade mark filings. It has also acted for a leading entertainment and clothing company on customs seizures and a domain name infringement.

Mergers and acquisitions

Within Mergers and acquisitions, Baker & McKenzie is a first tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie is ‘an outstanding firm on M&A transactions’, and is highly regarded for ‘strong drafting skills’ and ‘excellent levels of service’. This ‘diligent’ group recently advised Bank of China (Hungária) Hitelintézet on its acquisition of BorsodChem, and Ákos Fehérváry advised Abbott Laboratories (Hungary) on a complex separation and transfer of business operations following its acquisition of Solvay. Pál Takács and Ines Radmilovic are the practice co-heads.

Project finance

Within Project finance, Baker & McKenzie is a first tier firm,

Pál Takács heads Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie’s four-strong team, which has developed a solid reputation for film financing. Newly promoted partner Dusán Lásztity recently advised MKB Bank on the refinancing of a major shopping centre. The team represents a number of other banks including OTP, Commerzbank and JPMorgan Chase.

Real estate and construction

Within Real estate and construction, Baker & McKenzie is a second tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie advises multinationals and European developers on office lease agreements and restructuring, and on property sales or purchases. Benedek Kovács advised Nokia Siemens Networks on a 14,000sq m office lease and the highly regarded Géza Kajtár advised an international retailer on a significant greenfield site transaction.

TMT

Within TMT, Baker & McKenzie is a second tier firm,

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie advises several IT and telecoms giants on transactions and also has regulatory expertise, which it brought to bear for Tesco in its role in the realisation of Hungary’s first mobile virtual network operator. Other clients include Google and JPMorgan Chase. Pál Takács leads the team.

Tax

Within Tax, Baker & McKenzie is a first tier firm,

Gergely Riszter heads Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie’s two-partner tax group, which regularly advises large European corporates on regulations, restructuring, VAT, and income tax. Recent instructions include advising a Swiss company on Hungarian tax compliance and representing a worldwide retailer in a corporate tax dispute.


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Legal Developments by:
Baker & McKenzie

  • New rules due on assessment of workplace working conditions

    Continuing our practice of regularly updating our clients on changes in the Russian legislation, in this legal alert we would like to inform you that as of September 1, 2011, the Ministry of Health and Social Development of the Russian Federation will introduce a new procedure for assessing working conditions in workplaces. 1 [1] Results of workplace assessments with respect to the working conditions conducted before September 1, 2011 (in accordance with the procedure currently in effect 2 [2]) will remain valid up until the next regular assessment.
    - Baker & McKenzie

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

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    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

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  • 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

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  • 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.
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