Projects and energy in Hungary

Andrékó Kinstellar

Andrékó Kinstellar's team is praised for its 'very deep knowledge and experience in the EEC energy sector'. It is a recognised name in petrochemical and renewable energy infrastructure developments, including large power plant projects. Other areas of expertise include private and public energy M&A, project finance, energy trading contracts and CO2 trading-related issues. Practice head Kristóf Ferenczi, who 'leads by example', is the go-to lawyer for regulatory issues and energy transactions. In addition, he assists foreign clients with establishing energy plants in Hungary. Banking partner Csilla Andrékó, counsel Balázs Sepsey and senior associates Edina Zrónik and Péter Gullai are also highly recommended.

Practice head(s):

Kristóf Ferenczi, Csilla Andrékó

Other key lawyers:

Balázs Sepsey; Edina Zrónik; Péter Gullai


‘Excellent team, very responsive and commercial – best in the region’

‘Kristof leads by example – excellent lawyer, super responsive – does he ever sleep?’

‘Very deep knowledge and experience in the EEC energy sector ’

‘Always well-prepared and available team.’

Key clients

NKM Nemzeti Közművek


MET Group

SK Innovation

MVM Group



Goldman Sachs

DXT Commodities SA

Astronergy / Chint Group

INK Group

Work highlights

  • Advising NKM Energia Zrt. on the contemplated introduction of a unique electricity trading service line in the Hungarian market consisting of real time smart metering and smart home solutions. The product will be a unique combination of electricity supply and providing non-supply related behind the meter services for the customers.
  • Advising SK Innovation on the second phase of the establishment of a greenfield electric vehicle battery manufacturing plant in excess of €850m in Hungary.


CMS' first-rate projects and energy practice works with the banking group on the development of photovoltaic projects and oil and gas transactions. Energy head Péter Simon advised E.ON Hungária Zrt. on the takeover of ELMŰ Nyrt and ÉMÁSZ Nyrt as part of E.ON’s global acquisition of the Innogy group. Banking partner Erika Papp, and senior associates Zsófia Hermann and Péter Deák, are other key figures.

Practice head(s):

Péter Simon, Erika Papp

Other key lawyers:

Zsófia Hermann; Péter Deák

Key clients

Budapest Power Plant

EDF Trading

Engie SA (a company engaged in solar projects)




K&H Bank

Work highlights

  • Continuing to advise Budapest Power Plant on all of its day-to-day issues as well as major project, including EPC and refurbishment contracts, ongoing operational support.
  • Assisted the French and Romanian branches of Engie SA – On the acquisition of a limited natural gas trading license, along with further support in relation its gas trading activities in Hungary.
  • Advised multinational oil and gas company and long-standing client, MOL Group, on its acquisition of Aurora Group, an industrial holding group based in Baden- Württemberg, Germany.


Dentons has a well-established reputation globally for energy-related M&A, project finance and infrastructure transactions. It is noted for its depth in electric transmission and distribution, oil and gas, water management, nuclear energy and mining. Emőke Kovács specialises in electricity and gas trading, as well as energy, gas and heat distribution. Banking partner Gergely Horváth has expertise in project financing of PPP projects. Anita Horváth focuses on corporate transactions and private equity, while István Réczicza is an expert in energy regulations.

Practice head(s):

Gergely Horváth; Anita Horváth

Other key lawyers:

Emőke Kovács; István Réczicza


‘Deep understanding of the regulatory framework and its implications in terms of project development, bankability and project roll-out. Provides an integrated approach to project development, from energy, real estate, tax, commercial law, etc perspectives, which enables clients to get a full and detailed perspective of the project’s risks and qualities. A focus on client’s particular needs and objectives. A dedicated and quick to respond team, which is able to work in different avenues simultaneously under time pressure.’

‘From our experience, a truly tailor-made approach from a vast team of experienced individuals’

Key clients

CIB Bank (Intesa Group)

Budapest Airport



Hungarian Export-Import Bank (Eximbank)

K&H Bank (KBC Group)

Unicredit Bank

Raiffeisen Bank



Work highlights

  • Advising Budapest Airport on a new €200m loan facility provided by EIB to further fund major infrastructural upgrades of one of the fastest growing airports in Europe, in particular a significant expansion of its terminal facilities and related infrastructure.
  • Successfully defended the Hungarian affiliate of ENGIE in a series of lawsuits valued at more than HUF100m brought by Hungarian gas trading companies for its alleged failure to secure transmission capacities on the national gas transmission system.
  • Advising UniCredit Bank on a trade financing matter in which the bank is financing the construction of Vietnam’s most modern poultry slaughterhouse and further processing plant in the north central province of Thanh Hoa.

DLA Piper

DLA Piper's Budapest team comprises of project finance partners, energy M&A specialists and regulatory advisers. It leverages the expertise of practitioners in the firm's global network on cross-border instructions and domestic projects. The practice handles the full spectrum of energy mandates, with a niche offering in nuclear power and electromobility, energy supply and distribution contracts. Péter Györfi-Tóth has an extensive and varied background in infrastructure development, financing and restructuring. András Posztl and Gábor Simon act on renewable energy and natural gas transactions and regulatory matters. Counsel Miklós Horváth specialises in infrastructural project finance.

Practice head(s):

Péter Györfi-Tóth; Gábor Simon; Miklós Horváth


‘DLA Piper Hungary provides us with full scope legal advisory services. I appreciate the holistic approach’

Key clients


MVM Partner Zrt.

MVM Hungarian Electricity Private Limited Company

Work highlights

  • Advised the state owned MVM Group relating to the purchase of four SPVs operating solar power plants in the areas of Söjtör, Kőszeg, Vép and Csepreg with a total built-in capacity of 16.34 MW.
  • Advising HUPX the leading CEE power exchange group regarding their day to day operation in Hungary.
  • Advises MVM Partner Zrt. the largest Hungarian electricity wholesale trading company in relation to the transfer of its electricity and natural gas retail business to NKM National Utilities Ltd. in order to create separate entities in the MVM-NKM Company Group for electricity and natural gas wholesale and retail trading.

Lakatos, Köves and Partners

Lakatos, Köves and Partners is often instructed in high-profile projects relating to infrastructure, mining and nuclear energy. Its client roster includes prominent Hungarian and international investors. The firm has seen a growth in instructions from Russian and Asian companies; recent work included advising Rosatom on the Paks nuclear plant development and acting for CEXIM, the Export-Import Bank of China, on the financing of the construction of the Budapest-Belgrade High Speed Railway. Ádám Máttyus is the key figure for corporate transactions and regulatory advice. Banking specialist John Fenemore and senior associates Tamás Oláh and Kornél Dirner are other notable individuals.

Practice head(s):

Lock Richard; Ádám Máttyus

Other key lawyers:

John Fenemore; Tamás Oláh

Key clients


Toyo Ink

Stonehill Holdings and IC Campus

ROSATOM / JSC ASE EC (SC Rosatom Group)


Photon Energy

Invitech Solutions Zrt. (“Invitech”)


Goodman Hungary

ING Bank

Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and J.P. Morgan Securities plc (as Joint Lead Managers)

Work highlights

  • Advising Russian state-owned nuclear energy company Rosatom on its participation in the redevelopment of Hungary’s nuclear power plant at Paks.
  • Advised South Korea-based firm Soulbrain (to be located in the Tatabánya Industrial Park) on the acquisition of a development site from the state-owned National Industrial Park Management and Development Company and on all other legal aspects of its Hungarian operation.
  • Advising Toyo Ink, a market-leading manufacturer of components for batteries for electric vehicles on the acquisition and development of an industry site.

Siegler Bird & Bird Ügyvédi Iroda

Siegler Bird & Bird Ügyvédi Iroda's energy practice, which is led by Konrád Siegler, works closely with offices across the CEE region on a wide range of finance transactions, acquisitions and developments in the energy, utilities and infrastructure sectors. Ferenc Mátrai and senior associate Dániel Arányi are also recommended.

Practice head(s):

Konrád Siegler

Other key lawyers:

Ferenc Mátrai; Dániel Arányi

Wolf Theiss Faludi Erős Ügyvédi Iroda

Wolf Theiss Faludi Erős Ügyvédi Iroda is active in energy sector infrastructure projects throughout Hungary and across the CEE and SEE. It is regularly instructed to advise on investment transactions and developments of photovoltaic power plants, as well as project finance, M&A and energy regulatory issues. Zoltán Faludi has over 20 years of experience in transactional and contentious mandates. László Kenyeres is highlighted for his expertise in power plant and infrastructure development projects, energy market regulations and domestic and international energy trading arbitration cases. Norbert Bálint and Zoltán Bodnár are also recommended.

Practice head(s):

Zoltán Faludi; László Kenyeres

Other key lawyers:

Norbert Bálint; Zoltán Bodnár

Key clients

Optimum Solar Kft.

BorsodChem Zrt.

Enlight Renewable Energy Ltd.

E2 Hungary Kft.

EFET (European Federation of Energy Traders)

Recom AG

Notus Energy Plan GmbH & Co. KG

Work highlights

  • Advising Optimum Solar on the development of a pipeline of 10 photovoltaic power plant projects in Hungary with a new installed capacity of ca 50 MW each.
  • Advising BorsodChem, part of the Chinese Wanhua Group, a leading European producer of MDI, TDI and PVC resins as well as base and specialty chemicals, on a new gas power plant development at the client’s site in Hungary (the biggest conventional energy development project in 2019/2020).
  • Advised Enlight Renewable Energy Ltd. and its Hungarian subsidiaries on the acquisition, financing, construction, and operation of three solar renewable energy investment projects in Hungary, with an installed capacity of approximately 60 MW.

Hegymegi-Barakonyi and Partner Baker & McKenzie Attorneys-at-Law

Hegymegi-Barakonyi and Partner Baker & McKenzie Attorneys-at-Law's 'experienced team' is praised for its 'superb attitude and expertise' in energy and infrastructure development projects, with strong activity in cross-border natural gas and energy financing and acquisitions, solar energy transactions, industrial and greenfield investments and pharmaceutical sector financing. The team is jointly led by commercial partner Akos Fehérváry, real estate lawyer Benedek Kovács and banking expert József Vági. Consultant Kristóf Kovács is an authority on energy and infrastructure regulatory matters.

Practice head(s):

Ákos Fehérváry; Benedek Kovács; József Vági

Other key lawyers:

Kristóf Kovács


‘Very experienced team, experts in legal topics. They work/cooperate greatly behind the stages not just nationally but also internationally. Their communication skills are great. ‘

‘Their national and international collaboration is a distinctive edge from my perspective compared to other law firms.’

‘Both their attitude and expertise are superb.’

Key clients

Warburg-HIH Invest Real Estate GmbH

MVM Magyar Villamos Művek Zrt.


JT Ross Group

MET Group

PKO Bank Polski S.A.


China Railway No. 9 Group Corporation Limited

Work highlights

  • Advised MVM, the state-owned Hungarian Electricity Company, on the acquisition of a majority stake in the Mátra Power Plant, the second largest electricity power plant after the nuclear power plant in Hungary, with exporting capacity to Slovenia, the Czech Republic and Germany.
  • Advised FGSZ Zrt., member of the MOL Group, the owner and operator of the Hungarian high-pressure natural gas pipeline system, on a landmark transaction, relating to the transfer and development of the 100 km long high-pressure gas transmission pipeline that connects Hungary to Slovakia.
  • Borrower’s counsel for Warburg HIH RAG Europa Selektiv investment fund on the acquisition and related refinancing of the office building, GTC White House, Budapest.

Oppenheim Ugyvedi Iroda

Gergely Légrádi leads Oppenheim Ugyvedi Iroda‘s ‘very knowledgeable‘ team, which excels in projects in the nuclear, electricity and renewable energy sectors. The varied workload includes advice to clients on environmental matters, day-to-day operations and energy disputes. Légrádi is currently working with senior counsel Petra Tasi and associate Dávid Hanis to advise the Hungarian Energy and Public Utility Regulatory Authority on the planning and installation of the new nuclear power plant Paks II. The firm also has a strong following among German clients operating in the Hungarian market.

Practice head(s):

Gergely Légrádi

Other key lawyers:

Petra Tasi; Dávid Hanis


‘They are very knowledgeable about their fields of expertise and at the same time not shy about highlighting areas where they feel outside expert advice should be sought, which allows for easy collaboration with them. They work seamlessly with our international experts and can present all information in a clear, concise and well structured manner.’

‘Mr. Legradi and Ms. Tasi have been exceptionally helpful in realising our project. They keenly highlight potential risk and at the same time offer a range of solutions. They anticipate client needs and show a great deal of flexibility to adapt to fit the work of our organization which is undergoing large scale development.’

Key clients

Omexom Magyarország Kft.

MFT Energy AS

ISH Food Group

TRMEW Obrót S.A.

Global Energy

Ministry of Foreign Affairs and Trade and Adria Port Zrt.


Hungarian Energy and Public Utility Regulatory Authority


AUDI Hungária Motor Kft.


Volkswagen AG

Axpo Trading

RWE Supply and Trading

ELMŰ Nyrt.

ELMÜ-ÉMÁSZ Energiaszolgáltató Zrt.


HSE d.o.o.

OMV Gas Marketing and Trading GmbH

Interenergo d.o.o.

Danske Commodities

Naftna Industrija Srbije j.s.c.

Budaörs Municipality

Törs Waste Management

Work highlights

  • Advising the Hungarian Ministry of Foreign Affairs and Trade regarding all of its operations within Hungary and Trieste (Italy) with respect to the acquisition itself of the territory and concession of the port in Trieste (Italy) as well as planning, regulatory, environmental and public law matters (including the following entities: Port Authority of Trieste, the Region of Friuli, Giulia, Venezia and central Italian Ministries in Rome).
  • Assisting AUDI AG, Volkswagen AG, Skoda with legal issues connected to the CO2 and NOX emission issues in Hungary, as well as the new assignments related to the WLTP-measurement.
  • Advising the Hungarian Energy and Public Utility Regulatory Authority on various complex regulatory matters and EU law issues (e.g. implementations).

Réti, Várszegi and Partners PwC Legal

Réti, Várszegi and Partners PwC Legal's team is highlighted for 'its well-founded, thorough knowledge of the relevant regulations and agile mentality'. The firm offers significant depth of expertise in greenfield investments, upstream oil and gas and corporate restructuring projects. It also offers complementary wider expertise in tax and business advisory services as part of the PwC network. Key figures in the team include managing director Zoltán Várszegi and regulatory and public procurement expert Eszter Gally. Péter Zalai is skilled in 'solving problems with great efficiency' in the energy, mining and utilities sectors.

Practice head(s):

Zoltán Várszegi; Eszter Gally; Péter Zalai


‘Expertise of several sectors appears in the project preparation within the team: environmental protection, transport planning, economics, regional development. The strength of the team is employees with one or more high-level qualifications, planning and expertise licences.’

‘The energy team of PwC Legal Hungary is unique for its well-founded, thorough knowledge of the relevant regulations and agile mentality to connect with other experts – such as engineers, economists, business advisers, and therefore solve complex problems more effectively than other law firms.’

‘Peter Zalai is a young partner at PwC Legal Hungary, responsible for strengthening the law firm’s energy practice. Peter is very conscious in serving the clients, being always available, solving problems with great efficiency, whilst thinking on a broad spectrum, and having a good, experience-based and practical legal knowledge. Peter is an ambassador of connecting expertise among various professionals for the benefit of clients.’

Key clients



Flisom Hungary Kft.

Vermilion Group

RSOE (Rádiós Segélyhívó és Inforkommunikációs Országos Egyesület – National Association of Radio Distress-Signalling and Infocommunications)

Kőröstej Kft.

Work highlights

  • Advising TIGÁZ Zrt. on corporate, employment, real estate and regulatory issues relating to Hungary’s largest natural gas DSO.
  • Advising Samsung SDI Magyarország Zrt. on its high volume investment in Göd, Hungary.
  • Advised Flisom AG on its first greenfield investment outside of Switzerland, opening a solar panel manufacturing plant in Hungary.

Schoenherr Hetényi Ügyvédi Iroda

Schoenherr Hetényi Ügyvédi Iroda's Budapest team is particularly knowledgeable about energy regulations and legislative developments across the CEE region; Dániel Varga is currently involved in drafting a new electricity law for the Republic of Uzbekistan in compliance with the liberalisation strategy adopted by the Republic. Varga is a regulatory specialist who is active in the areas of energy generation, mining, environment and infrastructure.

Practice head(s):

Dániel Varga


‘Lots of experience in this legal field.’

Key clients

Doosan Group

GTC Magyarország Ingatlanfejlesztő Zrt.

E.On Hungária Zrt.

F-Trans Kft.


Work highlights

  • Advised E.On on the construction of the largest rooftop solar power plant in the CEE region designed and built for Audi’s plant in Győr and having a total installed capacity of 12 MW.
  • Advising the EBRD on the strategic support provided to the Republic of Uzbekistan in liberalising the power sector and attracting foreign investments.
  • Advised a leading oil and gas company based in Romania across various jurisdictions (including Hungary) regarding the implementation of upstream emission reduction provisions.

Andersen Legal

Andersen Legal handles corporate transactions, project finance and contentious matters for energy companies and public bodies. Péter Vincze has a strong reputation in energy infrastructure and cross-border greenfield investments. Szilvia Fehérvári assists electricity and gas traders with their day-to-day operations and regulatory issues, while Balázs Dominek's practice spans licensing, corporate transactions and energy dispute resolution.

Practice head(s):

Péter Vincze; Szilvia Fehérvári; Balázs Dominek

Forgó, Damjanovic & Partners Law Firm

Forgó, Damjanovic & Partners Law Firm maintains a strong and busy transactional energy practice, focusing on M&A, restructuring and regulatory advice on behalf of a mix of Hungarian and international clients. Zoltán Forgó is the managing partner at the firm, working alongside Gábor Damjanovic, who are both 'excellent lawyers with a quick grasp of the matter at hand'. 

Practice head(s):

Zoltán Forgó, Gabor Damjanovic


‘We enjoy working with Gabor Damjanovic and Zoltan Forgo. They are excellent lawyers with a quick grasp of the matter at hand, and easy to work with in a relationship of mutual trust. This is particularly important in complex cross-border matters, and we are looking forward continuing to work with Gabor and Zoltan, and recommend them to our clients for matters in Hungary.’

Work highlights

  • Continuing to act for Obton A/S, a Danish investment firm specializing in investments in solar photovoltaic and wind turbine projects, on its intended acquisition of a large number of solar parks scattered around Hungary and totalling app. 70MW.
  • Advising Scholz Recycling Group on its planned acquisition of a Hungarian recycling company.
  • Acting for Pacific Drilling S.A, a Luxembourg based offshore drilling company that had subsidiaries owning high value vessels, on a unique transaction involving a cross-border merger from Luxembourg to Hungary.

HP Legal | Hajdu & Partners

HP Legal | Hajdu & Partners' practice is led by László Hajdu, who has a strong track record in project finance transactions in the areas of PPP, energy and infrastructure. He also assists Hungarian and international corporates with energy-related M&A and general corporate and commercial law issues for a varied client base.

Practice head(s):

Laszlo Hajdu


‘Laszlo Hajdu. He is a project finance star! A benchmark on the Hungarian market!’

Key clients

International Investment Bank

Futureal Real Estate Development Fund

Cordia Real Estate Development Fund

Infogroup Real Estate Development Holding

K&H Bank (Hungarian subsidiary of KBC)

OTP Bank Plc

MKB Bank

Hungarian Export-Import Bank

Unicredit Bank

Raiffeisen Bank



Sniezka S.A.

KÉSZ Holding Limited

CIB Bank

Hungarian Development Bank


Kopaszi Gát Kft.

Work highlights

  • Advised CIB Bank as lender on the financing of the acquisition of Greenergy Group (a Hungarian renewable energy producer) by KÉSZ Holding Limited.
  • Advised the consortium of OTP Bank and Hungarian Development Bank as lenders on a large bank guarantee facility in relation to a major infrastructure development in Hungary.
  • Advised K&H Bank on the financing of several renewable energy development projects (solar and water powerplants) developed by Alteo Plc and several real estate development projects implemented by Cordia Global Real Estate Development Fund.

KCG Partners Law Firm

KCG Partners Law Firm specialises in industrial developments, including greenfield and brownfield investments, and it regularly advises on matters ranging from planning and construction to industrial licenses and related claims. The practice is jointly led by Eszter Kamocsay-Berta and Gabriella Gálik, who have a strong track record in cross-border energy transactions and project development.

Practice head(s):

Eszter Kamocsay-Berta; Gabriella Gálik

Key clients


TPLG Tout Pour le Grain


FésGM Kft – M20 Project

Work highlights

  • Assisted TPLG Tout Pour Le Grain with setting up a new Hungarian site with its Hungarian partner company, including advice on infrastructure, installation and operation, as well as in the construction of a brand new warehouse building.
  • Advising Deltaplast on the expansion of its manufacturing site in central Hungary and expansion into new markets.

Szecskay Attorneys at Law

Szecskay Attorneys at Law's practice heavily focuses on mandates relating to the generation of electricity, energy trading, energy-related investments and the licensing and regulation of energy-related activities. On the contentious side, the firm also has a strong track record in energy litigation and arbitration proceedings. Katalin Grósz, Judit Gulás and Róbert Dezső jointly lead the practice.

Practice head(s):

Katalin Grósz; Judit Gulás; Róbert Dezső