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Réczicza White & Case LLP

ANDRÁSSY ÚT 11, 1061 BUDAPEST, HUNGARY
Washington DC, Warsaw, Tokyo, Stockholm, Singapore, Shanghai , and 33 more

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

Banking and finance

Within Banking and finance, White & Case LLP is a second tier firm,

Réczicza White & Case LLP’s two-partner team continued to advise the European Investment Bank on a risk-sharing facility due to be provided by major Hungarian bank CIB Bank Zrt. It is also advising a group of mezzanine lenders on a complex restructuring matter worth €1.2bn.

Capital markets

Within Capital markets, White & Case LLP is a first tier firm,

Edward Keller leads the capital markets team at Réczicza White & Case LLP. It has been busy handling issues for Invitel Holdings A/S and its various subsidiaries, which included advising the private equity firm Mid Europa Partners on acquiring a 65% stake in Invitel from TDC for $1.1bn. Other clients include a major energy efficiency company.

Competition

Within Competition, White & Case LLP is a first tier firm,

At Réczicza White & Case LLP, the arrival of the former head of the Hungarian Competition Council, Tihamér Tóth, was a significant boost for the practice. It advised new client Nu Skin Easter Europe Kft on several matters, as well as long-term client Invitel. It is noted for its ‘professional advice’.

Dispute resolution

Within Dispute resolution, White & Case LLP is a second tier firm,

The eight-strong team at CMS Cameron McKenna LLP saw the loss of former practice head Milán Kohlrusz to Réczicza White & Case LLP, but continues to receive instructions from a wide range of international clients. It advised Samsung Electronics in a copyright dispute, and also acted for the Southeast Europe branch of General Motors.

Employment

Within Employment, White & Case LLP is a second tier firm,

Réczicza White & Case LLP’s employment team is led by Ildikó Csák, who is ‘particularly good’. It continued to advise Pfizer on employment issues, and also acts for Sony and GDF Suez.

Energy

Within Energy, White & Case LLP is a first tier firm,

Réczicza White & Case LLP’s eight-fee-earner energy practice, led by name partner Istvan Reczicza, advised clients such as the GDF Suez group and the former Hungarian Ministry of Transport, Telecommunications and Energy.

Intellectual property

Within Intellectual property , White & Case LLP is a third tier firm,

István Réczicza is the lead partner in the four-fee-earner IP team at Réczicza White & Case LLP, which provides ‘first-class advice’ and is noted for its ‘timely responses and teamwork’. It advised HBO Hungary on customisation matters, and United Way on trade mark issues.

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, White & Case LLP is a first tier firm,

Réczicza White & Case LLP’s practice is led by the experienced and highly rated Rob Irving. It advised Slovenia’s Istrabenz on the €382m sale of one of its major holdings, Droga Kolinska, to Atlantic Grupa, a Croatian food and drink company, and also acted for long-term client Invitel Holdings on a number of complex matters.

Project finance

Within Project finance, White & Case LLP is a first tier firm,

The nine-strong team at Réczicza White & Case LLP advised Hungary’s national electricity company, MVM, on several matters including a €150m refinancing deal with the EIB to extend the country’s electricity network and the financing of one of its subsidiairies, a power plant. It has also handled work for Unicredit and Klépierre.

Real estate

Within Real estate, White & Case LLP is a first tier firm,

The six-strong team at Réczicza White & Case LLP is noted for its ‘high level of service’. It acted for KHB Bank in a major rental transaction, and worked opposite Kõvári and Tercsák – Salans Ügyvédi Iroda on a mandate for Allianz Real Estate Germany concerning its €200m acquisition of a stake in a new shopping centre in Budapest. Head of the practice Szabolcs Posta and senior associate Mónika Frank are ‘very good’.

TMT

Within TMT, White & Case LLP is a first tier firm,

Réczicza White & Case LLP’s TMT team, led by István Réczicza, has a good reputation in the market. It attracted new mandates from clients including Liberty Global, and continued to assist Invitel (including representing the company in its €221m sale of Invitel International to Türk Telekom).

Tax

Within Tax, White & Case LLP is a first tier firm,

The ‘knowledgeable’ Orsolya Bárdosi heads up the ‘masterful’ team at Réczicza White & Case LLP. It advised renewable energy investor EETEK Holdings on the implementation of a complex business structure, and also acted for US-based broadcast platform company Ustream Inc.

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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

  • 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

  • Newsletter: Your Legal Key to Hungary

    Changes in the court and authority delivery.
    - bpv Jádi Németh Ügyvédi Iroda

  • 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

  • Environment Law 2009: Hungary

    A practical insight to cross-border Environment Law
    - Oppenheim
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