The ‘well-co-ordinated’ team at CMS is ‘proactive’ and is praised for its ‘clear communication’. The team is adept at handling tax mandates for clients across a range of sectors. Highlights included advising AIG on the tax aspects relating to the transfer of its casualty and property insurance business in Hungary to Fairfax. Senior counsel Eszter Kálmán leads the team where Gabriella Ormai is a key figure, as is senior associate Judit Kresz, who joined in 2018 from Peterka & Partners.
Tax in Hungary
Hegymegi-Barakonyi and Partner Baker & McKenzie Attorneys-at-Law
Hegymegi-Barakonyi and Partner Baker & McKenzie Attorneys-at-Law regularly advises on tax matters relating to cross-border transactions; it advised Dereif Sicav-Fis on the tax aspects of its €53.8m acquisition of an office building in Budapest from the National Bank of Hungary. The team is also noted for its focus on VAT and corporate income tax issues, and audits and tax disputes are also key areas of expertise. Practice head Gergely Riszter and associate Tímea Bodrogi-Szabó are recommended.
The ‘brilliant’ team at Jalsovszky is noted for its ‘strong’ tax disputes experience and it also advises on the tax aspects of corporate mandates. Adidas and Central Fund are clients. Managing partner Pál Jalsovszky, who is experienced in transactional tax mandates, heads the team. Deputy managing partner István Csővári and senior associate Tamás Fehér are also key figures.
Nagy és Trócsányi Ügyvédi Iroda’s ‘extremely practical’ team ‘always tries to grasp the business perspective of an issue’. Tax litigation, structuring and planning are key areas of expertise, and the team also advises on the tax aspects of transactions. Orsolya Kovács, who stands out for her ‘thorough knowledge and precise document editing skills’, and Péter Nagy, who has ‘huge professional experience’, lead the department.
Vámosi-Nagy Ernst & Young Law Office
bpv JÁDI NÉMETH Attorneys at Law
Deloitte Legal Erdos and Partners Law Firm stands out for its tax litigation expertise and ability to structure its teams appropriately to projects. Associate partner Mihály Harcos, who is 'an excellent litigator’ and 'a good strategist’, heads the team and managing associate Zsuzsanna Huszl is also noted.
The ‘proactive’ team at KCG Partners Law Firm is instructed on the tax aspects of infrastructure projects and restructurings. It also advises on the tax implications of employee transfers and share schemes. Lego and Ipsen Pharma are clients. Managing partner Eszter Kamocsay-Berta and Gabriella Gálik, who is ‘enthusiastic’ and ‘comes up with solutions that are beneficial to the client’, lead the team.
Wolf Theiss Faludi Erős Ügyvédi Iroda regularly advises on the tax aspects of M&A transactions and restructurings. Tax disputes and transfer pricing are also key areas of expertise. BASF, BorsodChem and BC-Energiakereskedő are clients. Senior associate János Pásztor leads the team and associate Alexandra Tóth is also a key figure.