The Legal 500

CMS Cameron McKenna LLP

YBL PALACE 3RD FLOOR, KÁROLI MIHÁLY UTCA 12, H-1053 BUDAPEST, HUNGARY

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

Banking and finance

Within Banking and finance, CMS Cameron McKenna LLP is a first tier firm,

Erika Papp leads the team at CMS Cameron McKenna LLP. A highlight for the team was advising TMW Pramerica on a facility from Hypo Investment Bank, involving Islamic financing elements. It also advised Eurohypo and property investment company Carpathian plc.

Capital markets

Within Capital markets, CMS Cameron McKenna LLP is a second tier firm,

The team at CMS Cameron McKenna LLP boasts 11 fee-earners and advises major banks including Credit Agricole on private bond issues. Other clients include OTP Mortgage Bank. Erika Papp heads up the practice.

Competition

Within Competition, CMS Cameron McKenna LLP is a second tier firm,

CMS Cameron McKenna LLP has a stable four-fee-earner competition team, whose recent work includes advising Ceres, the bread making company, in relation to cartel proceedings. The team, led by Dóra Petrányi, took over a case for Primagáz Zrt as well as advising Provera, Cora, Csemege-Match and Profi. Office head Gabriella Ormai is also noted for her part in the practice.

Dispute resolution

Within Dispute resolution, CMS Cameron McKenna 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, CMS Cameron McKenna LLP is a third tier firm,

The stable employment team at CMS Cameron McKenna LLP acts for a major international pharmaceuticals company, advising it on all of the employment aspects of its business in Hungary. Office head Gabriella Ormai leads the team.

Energy

Within Energy, CMS Cameron McKenna LLP is a second tier firm,

The ‘creative and commercially sophisticated’ energy team at CMS Cameron McKenna LLP, led by Péter Simon, has seen a lot of renewable energy work of late, including advising Raiffeisen Energy Services Kft on its purchase of several renewable energy projects. It also advised Iberdrola on the development of two wind parks, and handled some significant licensing work for Magyar Telekom.

Intellectual property

Within Intellectual property , CMS Cameron McKenna LLP is a second tier firm,

CMS Cameron McKenna LLP has won some major new clients, including DuPont and Samsung Electronic. Day-to-day advice and the pledging of IP rights have been particular areas of focus for the ‘excellent’ Dora Petrányi, who is noted for her ‘first-rate communication skills’ and heads the firm’s IP/TMT practice.

Legal market overview

Within Legal market overview,

Among the UK firms, Simándi Bird & Bird has proved to be a force to be reckoned with, acting for a raft of impressive clients and dealing with some complex matters, after only two years in Budapest. CMS Cameron McKenna LLP and Horváth & Partners DLA Piper remain strong, while Morley Allen & Overy Iroda has been quieter due to its reliance on the transactional side.

Mergers and acquisitions

Within Mergers and acquisitions, CMS Cameron McKenna LLP is a second tier firm,

The arrival of Éva Talmácsi as a partner from Simmons & Simmons has bolstered the 14-strong M&A team at CMS Cameron McKenna LLP, led by Anikó Kircsi. Dealing with both domestic and cross-border matters, its major deals included working with Iberdrola on a 25% sale of the company, and also advising CIB Bank on restructuring issues.

Project finance

Within Project finance, CMS Cameron McKenna LLP is a first tier firm,

CMS Cameron McKenna LLP’s team has grown to include 11 lawyers. It advised Hypo Investment Bank on a sale and leaseback financing involving Tesco, as well as advising on the financing of a major green energy power plant. Erika Paapp is recommended.

Real estate

Within Real estate, CMS Cameron McKenna LLP is a first tier firm,

The seven-fee-earner team at CMS Cameron McKenna LLP has maintained a steady flow of work despite the challenging economic climate, and is recognised as one of the strongest in the market. It acted for Iberdrola Renovables on the development of three wind parks, and also acted for retail group Rockspring on property management issues. Head of department Gábor Czike was also involved in a major lease agreement for Budapest Bank.

TMT

Within TMT, CMS Cameron McKenna LLP is a first tier firm,

Noted for its ‘clear and precise answers and suggestions’, the 11-strong TMT team at CMS Cameron McKenna LLP is flourishing under the ‘excellent’ Dóra Petrányi, who is recognised for her ‘good communication skills and business thinking’. It has been handling complex mandates from Magyar Telekom Nyrt and Nokia, as well as acting for new clients such as Chello Media and BT.

Tax

Within Tax, CMS Cameron McKenna LLP is a second tier firm,

The four-fee-earner team at CMS Cameron McKenna LLP has been busy with some complex insurance tax work. It also advised Samsung Electronic on day-to-day tax matters, and major US aircraft leasing company Jackson Square Aviation on the tax aspects of leasing aircraft to Wizzair, a popular Hungarian line.


What we say worldwide

Please choose another CMS Cameron McKenna LLP office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

Bulgaria

Offices in Sofia

Czech Republic

Offices in Prague

Hungary

Offices in Budapest

London

Offices in London

Poland

Offices in Warsaw

Romania

Offices in Bucharest

Scotland

Offices in Edinburgh and Aberdeen

South West

Offices in Bristol

Ukraine

Offices in Kyiv

Legal Developments by:
CMS Cameron McKenna LLP

  • Access to justice: protective costs orders in planning challenges

    Third parties and competing developers have no rights of appeal to the Secretary of State against planning decisions. Disappointed applicants can appeal to the Secretary of State and can have the merits of the application reconsidered. The only remedy available to a disappointed third party is a challenge by way of judicial review in the High Court on a point of law. The sense of frustration and disempowerment this creates has not been helped by the increasing complexity of the planning process and the use of consultation to legitimise decisions that many perceive may already have been taken.
    - CMS Group

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