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’s banking team continues to work for two of the largest banks in Hungary, advising on securities agreements worth €54m. It also takes advantage of the firm’s global network and has been involved in various cross-border matters, notably advising two Dutch banks on a merger in Hungary. Managing partner Pál Takács leads the team.

Capital markets

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

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie is increasingly focused on regulatory matters; recent clients include a major US bank.

Competition

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

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie has a ten-strong competition team led by Zoltán Hegymegi-Barakonyi, and provides a ‘fair and excellent’ service. It advised the Hungarian subsidiary of a major Belgian bank in a cartel case, as well as advising one of the largest telecoms companies in Hungary. Peter Voros is noted for his ‘timely knowledge and good negotiation skills’.

Dispute resolution

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

Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie has been busy advising the Hungarian subsidiary of a major car manufacturer on a supplier issue.

Employment

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

Local partner Ákos Fehérváry leads the employment team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie. It advised a major telecoms company on a business separation.

Energy

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

The energy team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie has an excellent relationship with MOL Hungarian Oil and Gas, and continues to advise it on matters including its strategic alliances. Zoltán Hegymedgi-Barakonyi, Péter Vörös and Pál Takács play key roles.

Intellectual property

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

Name partner Zoltán Hegymegi-Barakonyi leads the IP team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie. Highlights included trade mark work for a major US manufacturer as well as drafting agreements for a well-known international pharmaceuticals company.

Legal market overview

Within Legal market overview,

US firms still have a strong presence in the country, with Réczicza White & Case LLP, Siegler Law Office/Weil, Gotshal & Manges and Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie among the leading firms.

Mergers and acquisitions

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

The ‘outstanding’ team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie continued to advise Magyar Telekom Nyrt on two major acquisitions, of local internet and cable company Modultechnika Kft and the DK Group, with a combined value of HUF3bn. Local partner Ákos Fehérváry has a ‘strong transactional background’ as well as a ‘solution-orientated attitude’.

Project finance

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

The four-fee-earner team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie, led by Pál Takács, has good relationships with a range of domestic banks and property developers. It advised OTP Bank Nyrt and MKB Bank Zrt on the proposed financing for the acquisition of a shopping centre in Russia with a value of $44m; and also acted for major property developer Autóker Holding on restructuring issues. Senior associate Dusán Lásztity is noted for his ‘outstanding knowledge and attitude’.

Real estate

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

The team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie recently advised a major international property developer on several transactions in Hungary. It also continued to advise a real estate chain based in the UK on the sale and leasing of premises. Géza Kajtár heads the six-lawyer department.

TMT

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

The team at Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie combined with colleagues elsewhere in the firm’s network to advise on a range of cross-border matters. It continued to advise Magyar Telekom Nyrt and also assisted members of the StoLPaN consortium. Senior associates Emese Szitási and Tamás Kaibinger are ‘professional, with thorough knowledge’, and the team is rated for its ‘short response times’.

Tax

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

Gergely Riszter leads the team Kajtár Takács Hegymegi-Barakonyi Baker & McKenzie, which recently advised a major US car manufacturer on a significant tax controversy matter. It also advised an electronics company on the restructuring of its business, and continues to represent a major US-based agricultural business.


What we say worldwide

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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

    BANKING & FINANCE  .  REAL ESTATE & CONSTRUCTION  .  PROCUREMENT & REGULATORY  .  EMPLOYMENT & PENSIONS
  • 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.
  • Newsletter: Your Legal Key to Hungary

    Changes in the court and authority delivery.
  • 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

    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.
  • 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.
  • Environment Law 2009: Hungary

    A practical insight to cross-border Environment Law