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Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie

ANDRÁSSY ÚT 102, 1062 BUDAPEST
Tel:
Work +36 1 302 3330
Fax:
Fax +36 1 302 3331
Web:
www.bakermckenzie.com
Email:
Zurich, Washington DC, Warsaw, Vienna, Valencia, Toronto , and 68 more

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

Banking and finance

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

Martonyi és Kajtár Baker & McKenzie has seen a number of departures during the year including that of highly-rated banking and finance partner Zoltán Martonyi, who is setting up his own practice. Its best-known lawyers are Dusán Lásztity and Csaba Ember, who advised clients including Mol and Dresdner Bank on loan agreements during the year.

Capital markets

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

Martonyi és Kajtár Baker & McKenzie saw partner Zoltán Martonyi leave to set up his own practice. The firm acted on a number of sizeable transactions, including representing the Republic of Hungary in its first issue of bonds in the Swiss capital markets.

Competition

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

‘Ahead of the game’ Zoltán Barakonyi of Martonyi és Kajtár Baker & McKenzie pulled off a coup when his six-strong team successfully deflected OMV’s hostile takeover bid for his client Hungarian oil and gas company Mol on competition grounds. The team also acted for a German electricity company which emerged unscathed from a competition investigation into the electricity sector. Work for a pharmaceutical trade body had the side effect of defining privileged information in Hungarian competition legislation. ‘Their effectiveness is 100%’, say clients.

Dispute resolution

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

A core team of four lawyers at Martonyi és Kajtár Baker & McKenzie led by local partner József Antal defended a major telecoms company against a €18.75m damages claim brought by its former call centre operator. Competition issues are an area of strength; Zoltán Barakonyi was instructed on a major private enforcement case.

Energy

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

Martonyi és Kajtár Baker & McKenzie’s regulation and competition group takes on regular energy mandates. Zoltán Barakonyi successfully represented Mol, defending a hostile takeover bid from OMV and, separately, successfully represented two electricity firms defending dominant position proceedings brought by the Hungarian competition office.

Intellectual property

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

Martonyi és Kajtár Baker & McKenzie’s IP team continues to represent a number of well-known brands, acting for a leading Japanese electronics firm on IP issues across the CEE region. Zoltán Barakonyi and Krisztián Tivadar act for a soft drinks bottling company on its trademark strategy and related issues. Clients are ‘satisfied with their commitment and approach.’ .

Legal market

Within Legal market,

International law firms first came to Hungary during the privatisations of the 1990s and, for some, the Central European country remains significant. Budapest, as capital, is a convenient base from which to handle investment into the Balkans as well as Russia and the Ukraine. International firms represented in Budapest include London firms Morley Allen & Overy Iroda, Lakatos, Köves and Partners and CMS Cameron McKenna LLP, as well as US firms Réczicza White & Case LLP, Martonyi és Kajtár Baker & McKenzie, and Siegler Law Office/Weil, Gotshal & Manges. Large continental European firms with offices in Budapest include Germany’s Radnóczy & Mészáros Nörr Stiefenhofer Lutz and France’s Gide Loyrette Nouel – Ferenczy.

Mergers and acquisitions

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

Martonyi és Kajtár Baker & McKenzie maintained a strong presence on major transactions. A team led by partner Pál Takács advised Goldman Sachs’ project company taking a stake in Budapest Airport, and Mol on a string of top level transactions, including its joint venture with Czech power company Cez to build power stations in the CEE worth a total of €1.4bn and in its strategic alliance with Oman Oil. Local partner Ákos Fehérváry worked with Baker & McKenzie Vienna to advise Cemex selling its Hungarian and Austrian assets for €310m. ‘I really appreciate that the partners are easy to reach at all times and really care about clients’ satisfaction’, says one client.

Project finance

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

Martonyi és Kajtár Baker & McKenzie acts for banks financing real estate projects. OTP Bank and MKB Bank are regular clients and Dusán Lásztity, Csaba Ember and József Vági advised them when they worked together to finance a new five star resort in the Seychelles and buying a Czech shopping mall. Pál Takács led advice to Goldman Sachs International buying a minority stake in Budapest Airport from Hochtief. But the practice is bound to feel the loss of three lawyers including high-profile partner Zoltán Martonyi.

Real estate

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

Martonyi és Kajtár Baker & McKenzie added two new hires to its real estate department, which continues to advise Tesco as it adds new CEE stores and Ford Central and Eastern European Sales on a lease and construction agreement in relation to its new flagship Hungarian headquarters. Géza Kajtár, who is ‘always responsive and ensures the team delivers’ and is praised for ‘commercial understanding’ heads the well-established practice.

TMT

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

Martonyi és Kajtár Baker & McKenzie advises media and telecoms clients on regulation, transactions and competition issues. Ines Radmilovic advised Magyar Telekom bidding to buy 49.13% of Telekom Slovenije, a transaction that was later cancelled, while Zoltán Barakonyi and Péter Vörös advised a broadcast company in the light of the Hungarian Competition Office’s forthcoming enquiry into the media sector.

Tax

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

Gergely Riszter and Géza Kajtár lead the tax team at Martonyi és Kajtár Baker & McKenzie advising clients including a retail chain and real estate group on tax issues related to acquisitions. Greenfield development is another area of expertise.

What we say worldwide

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Search News and Articles

Legal Developments by:
Baker & McKenzie

  • Tax Reforms Towards the Creation of an International Financial Center in Russia

    In December 2009 the Russian Parliament adopted important changes further promoting the Russian holding companies regime. Starting from January 1, 2011 Russian holding companies will no longer be required to meet the present 500 million ruble threshold for investments made into companies qualifying as “strategic investments” to receive tax benefits.
    - Baker & McKenzie

Legal Developments in Hungary

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

  • 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.
    - Szecskay Attorneys at Law

  • 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.
    - Szecskay Attorneys at Law

  • 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.
    - Szecskay Attorneys at Law

  • Changes regarding the Standard Sectoral Classification of Economic Activities

    The Act XCVI of 2008 (hereinafter the: “Act”) on the amendment of Act V of 2006 on the Public Company Information, Company Registration and Winding-up Proceedings and on the modification of other statutes in respect to the publication of the annual report and the Sectoral Classification of Economic Activities entered into force on December 27, 2008.
    - Sándor Szegedi Szent-Ivány Komáromi Eversheds

  • On the amendment of the acts affecting the labour relations

    The main purpose of the amendment of several pieces of legislation affecting the arranged labour relations is to make the regulation simpler, and to make it more transparent and easier to apply. Most of the newly introduced provisions entered into force on 1 June 2009.
    - Sándor Szegedi Szent-Ivány Komáromi Eversheds

  • Regarding the deposition and publication of Annual Reports

    New provisions shall apply for the Annual Reports to be submitted after 1 May 2009. The new provisions are prescribed by Act XCVI of 2008 on the modification of the Company Registration Act on the deposition and publication of the Annual Reports submitted in compliance with the Accounting Act. The relevant provisions of Act XCII of 2003 on the Rules of Taxation were modified simultaneously. The purpose of the modifications is on the one hand that the submitted annual reports shall become public as soon as possible, on the other hand that a more effective control mechanism and sanctioning shall apply for the companies, which fail to submit their annual report.
    - Sándor Szegedi Szent-Ivány Komáromi Eversheds

  • Regarding the recent amendment of the Competition Act

    On March 23, 2009, the Hungarian Parliament passed the bill amending Act No. 57 of 1996 on the Prohibition of Unfair Trading Practices and Unfair Competition (hereinafter: “Competition Act”). The amendment entered into force on June 1, 2009, and affects the following areas:
    - Sándor Szegedi Szent-Ivány Komáromi Eversheds

  • Environment Law 2009: Hungary

    A practical insight to cross-border Environment Law
    - Oppenheim

  • Product Liability 2009: Hungary

    A practical insight to cross-border Product Liability work
    - Oppenheim

  • RECENT CHANGES TO EMPLOYMENT LEGISLATION

    RECENT CHANGES TO EMPLOYMENT LEGISLATIONIN HUNGARYby Prague / Bratislava / Budapest www.prkpartners.com Legislative changes concerning the Hungarian Labour Code and the rules pertaining to the protection of workers’ safety and health Effective as of January 1, 2009 significant legislative measures were adopted by the Hungarian Parliament concerning several labour-related issues. Specifically, the new Act, bearing the number LXI. of 2008, amended various provisions of Act XXII. of 1992 on the Hungarian Labour Code and the rules pertaining to the protection of workers’ safety and health governed by Act No. XCIII of 1993. The amendments serve two main purposes. By refining the implementation of the relevant EC Directives the amendments seek to introduce more flexible and market friendly provisions regarding annual leave, work on national holidays and also enhances the provisions relating to workers’ safety.
    - Bellák & Partners Law Office
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