Wolf Theiss Faludi Erős Ügyvédi Iroda > Budapest, Hungary > Firm Profile

Wolf Theiss Faludi Erős Ügyvédi Iroda
KÁLVIN TÉR 12-13
KÁLVIN CENTER, 4th FLOOR
1085 BUDAPEST
Hungary

Hungary > Projects and energy Tier 1

Wolf Theiss Faludi Erős Ügyvédi Iroda is distinguished for its unique offering in electricity forwarding, a special structure for real estate developers and real estate management companies, and its reputation in energy arbitration, led by name partner Zoltán Faludi. He also advises on all aspects of energy law, including acquisitions, regulatory issues, solar energy purchase agreements and the financing and development of photovoltaic plants. Practice head László Kenyeres has a wealth of cross-border experience in power plant, renewables and infrastructure development projects, having previously been involved in major development mandates in Albania, Bosnia & Herzegovina, Croatia and Serbia. In addition, he is also experienced in energy market regulations, finance network tariffs and implementation of energy efficiency schemes. Norbert Bálint has significant experience of concession agreements, PPAs, electricity production, network contracts, gas supply and tolling structures. Zoltán Bodnár is noted for electricity and heat generation work.

Practice head(s):

Zoltán Faludi; László Kenyeres

Other key lawyers:

Norbert Bálint; Zoltán Bodnár

Key clients

Optimum Solar Kft. (Ltd.)

BorsodChem Zrt.

Enlight Renewable Energy Ltd.

E2 Hungary Kft.

Recom AG

Notus Energy Plan GmbH & Co. KG

EFET (European Federation of Energy Traders)

Work highlights

  • Advising Optimum Solar Kft 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, concerning a new gas power plant development at the client’s site in Hungary. This has been Hungary’s biggest conventional energy development project since 2019.
  • Advising 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.

Hungary > Banking, finance and capital markets Tier 2

Wolf Theiss Faludi Erős Ügyvédi Iroda maintains good visibility in project finance and real estate finance transactions, particularly in relation to the development of solar power parks, as well as large infrastructure and other real estate assets. The practice is also in demand for refinancing and restructuring mandates. Melinda Pelikán is the main contact for cross-border financing and regulatory matters. Clients from a German-speaking background are particularly well represented, with the firm also generating work from a growing local Hungarian corporate client roster.

Practice head(s):

Melinda Pelikán

Testimonials

‘Melinda Pelikan is very professional and diligent.’

Key clients

Kommunalkredit Austria AG

Vienna Insurance Group

OTP Bank

Work highlights

  • Advising Kommunalkredit Austria AG in relation to the project financing of 65 MW solar portfolio of five ready-to-build solar PV plants in Hungary.
  • Advising Vienna Insurance Group (VIG) on all legal and regulatory aspects of its €830m acquisition of Aegon’s insurance and asset management business in Hungary, Poland, Romania and Turkey. As a result of the transaction VIG would take over Aegon’s non-life and life insurance companies as well as pension funds, asset management and service companies in these countries. It marked one of the largest transactions in the financial industry in Central Europe in 2020.

Hungary > Commercial, corporate and M&A Tier 2

Wolf Theiss Faludi Erős Ügyvédi Iroda‘s excellent reputation for corporate and commercial work sees it undertake mandates connected with the automotive, energy, private equity, financial services and FMCG sectors. In addition to handling cross-border M&A, it advises foreign clients on the establishment of Hungarian subsidiaries and on their day-to-day management. János Tóth regularly advises private equity clients, and maintains a busy workload in joint venture projects and corporate restructuring. Ákos Erós‘ practice focuses on M&A, MBOs and other corporate matters.

Practice head(s):

János Tóth

Other key lawyers:

Ákos Erős

Testimonials

‘Precision and professionalism. Good research of each subject individually.’

Key clients

Apollo Global Management LLC

Vienna Insurance Group (VIG)

Netrisk.hu Kft

Recom AG

Optimum Solar Kft.

Elanco Animal Health Inc.

Royal DSM

Work highlights

  • Advising Vienna Insurance Group (VIG) on all legal and regulatory aspects of its €830m proposed acquisition of Aegon’s insurance business in Hungary, Poland, Romania and Turkey. As a result of the transaction VIG would take over Aegon’s non-life and life insurance companies as well as pension funds, asset management and service companies in these countries.
  • Advising Netrisk, the market leading online insurance broker company in Hungary in respect of the restructuring and corporate consolidation of its operating entities in Hungary, extending to all corporate, tax and insurance regulatory law aspects.
  • Advising Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living listed on Euronext Amsterdam, on the acquisition of ERBER Group, a company specializing animal nutrition and health businesses.

Hungary > Dispute resolution Tier 2

Wolf Theiss Faludi Erős Ügyvédi Iroda‘s team is highlighted for its ‘extensive knowledge and experience’ of cross-border and domestic litigation, primarily in relation to financial services, construction and real estate. It also acts for clients in insolvency proceedings, and in addition, has a strong background in energy arbitration. Name partner Zoltán Faludi has over 20 years of experience in commercial and energy litigation and arbitration.

Practice head(s):

Zoltán Faludi

Other key lawyers:

Lajos Wallacher

Testimonials

‘Extensive knowledge and experience – excellent client management.’

Key clients

MOL Magyar Olaj- és Gázipari Nyrt.

INA-Industrija nafte, d.d.

Work highlights

  • Represented MOL Magyar Olaj- és Gázipari NyRt. and INA-Industrija nafte, d.d., two major energy companies, in an ICC arbitration against the Federation of Bosnia and Herzegovina.

Hungary > Tax Tier 2

Wolf Theiss Faludi Erős Ügyvédi Iroda‘s team is experienced in handling tax issues arising from M&A and restructurings. Beyond undertaking transactional work, it also advises on transfer pricing, employment share schemes and wealth planning for private high-net-worth clients. Tax litigation is another driver of work. The group is highlighted for its knowledge of sector-specific tax issues, particularly in the energy and manufacturing industries. Practice head János Pásztor is ‘a true star‘.

Practice head(s):

János Pásztor

Testimonials

‘Great quality of work and exceptional communication with the clients.’

‘Janos Pastor is a true star. It is a pleasure to work with him.’

Hungary > Data privacy and data protection Tier 3

Barnabás Buzási is the key contact at Wolf Theiss Faludi Erős Ügyvédi Iroda, where the data protection group operates as part of the firm’s employment practice. The firm has a well-established presence in the local market, as well as across the CEE region, supporting a cross-section of clients on GDPR mandates and on various data protection, retention and privacy issues. The firm has EuroPriSe (European Privacy Seal) legal and technical experts in-house, who certify IT-products and IT-based services. Taking an employment law standpoint, Buzási advices on data protection policies and procedures, data transfer in outsourcing projects and employee monitoring.

Practice head(s):

Barnabás Buzási

Testimonials

‘Customer-focus. Well-prepared, professional attitude prompt and well established solutions.’

Key clients

International Flavors & Fragrances I.F.F. (Hungary) Kft.

Hungary > Employment Tier 3

Wolf Theiss Faludi Erős Ügyvédi Iroda‘s Budapest team works on cross-border employment matters with practitioners located in the firm’s other offices in the CEE region. It is able to advise on matters such as employee transfers, internal HR policies, cross-border restructurings and labour disputes. László Kenyeres and Barnabás Buzási are the main points of contact.

Practice head(s):

Barnabás Buzási

Other key lawyers:

Testimonials

‘Customer-focus. Well-prepared, professional attitude, prompt and well-established solutions.’

‘They want to understand the company’s expectations in detail and provide an answer for the expectations. I have the impression of the highest ownership from their side.’

Key clients

International Flavors & Fragrances I.F.F. (Hungary) Kft.

Hungary > Real estate and construction Tier 3

Wolf Theiss Faludi Erős Ügyvédi Iroda‘s team has expertise in real estate investment transactions and development projects, leasing, financing, facility management and real estate litigation. The practice is led by corporate partner János Tóth, with support from senior associate Norbert Bálint. Clients include real estate developers, management companies, commercial property and parking operators. The group advises on issues such as electricity supply and private network usage in large industrial parks, shopping malls and office buildings, as well as on novel payment structures and installation and operation of Electric Vehicle charging points in Hungary.

Practice head(s):

János Tóth

Other key lawyers:

Key clients

RECOM AG

Enlight Renewable Energy Ltd.

Work highlights

  • Advising RECOM on the acquisition of a 75 MW solar renewable energy investment project in Hungary. The mandate requires special emphasis to be put on the agricultural landscape and other environmental questions, and on managing the third-party easement rights in order to connect the project to the grid.

Hungary > TMT Tier 3

Wolf Theiss Faludi Erős Ügyvédi Iroda combines expertise in TMT, fintech, regulatory and corporate law with strengths in cross-border data protection matters and support in IT outsourcing projects. Lead partner János Tóth is supported by Norbert Bálint, who is experienced in advising IT, telecoms and software companies and start-ups.

Practice head(s):

János Tóth

Other key lawyers:

Key clients

Tricentis

Türk Telekom

Work highlights

  • Advising Tricentis, an Austrian software testing company backed by Insight Partners, in connection with a software licence agreement.
  • Advising Türk Telekom Hungary on day-to-day general legal matters. The firm also provided legal advice in relation to the implementation of the requirements set by the EU General Data Protection Regulations.

The firm: Wolf Theiss opened its first office in Vienna in 1957 and soon established a reputation as one of the region’s leading law firms. The firm has since grown into a multinational team of approximately 340 lawyers, making it one of the largest integrated law firms in the region. It has offices* in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovak Republic, Slovenia and Ukraine.

This presence on the ground is one of the firm’s key strengths. It works in a fast-moving part of the world that requires deep local knowledge and experience. By combining expertise with a strong international network, the firm is well-placed to handle complex cross-border transactions with a high degree of speed and flexibility.

Apart from its local offices in 13 CEE/SEE countries, Wolf Theiss also offers extensive regional experience in other countries in the region, such as Kosovo, Montenegro and North Macedonia.

*The firm has regulatory frameworks within which it needs to comply. So by ‘presence’, we mean a legal form that is in compliance with all applicable laws and regulations in that country.

Areas of practice: Wolf Theiss’ full range of services covers financial services, competition and antitrust, corporate/mergers and acquisitions, employment law, energy and infrastructure, intellectual property and information technology, litigation and alternative dispute resolution, real estate and construction, regulatory and procurement, and tax. The firm’s dedicated practice teams provide in-depth specialist knowledge in their respective areas and collaborate closely to provide clients with seamless advice.

Hungary: Launched at the end of 2007, the team in the Wolf Theiss Budapest office has many years of experience in advising international clients in all aspects of commercial law, including corporate/M&A, property and environmental law, banking and finance, dispute resolution, employment and tax – with a particular emphasis on the energy sector. Wolf Theiss’ Hungarian office – led by Zoltán Faludi – comprises 30 lawyers (including four partners).

DepartmentNameEmailTelephone
Financial services Melinda Pelikánmelinda.pelikan@wolftheiss.com+36 1 4848822
Competition/antitrust János Tóthjanos.toth@wolftheiss.com+36 1 4848810
Corporate/M&A János Tóthjanos.toth@wolftheiss.com+36 1 4848810
Dispute resolution Zoltán Faludizoltan.faludi@wolftheiss.com+36 1 4848805
Employment László Kenyereslaszlo.kenyeres@wolftheiss.com+36 1 4848807
Employment Barnabás Buzásibarnabas.buzasi@wolftheiss.com+36 1 4848832
Energy and infrastructure Zoltán Faludizoltan.faludi@wolftheiss.com+36 1 4848805
Energy and infrastructure László Kenyereslaszlo.kenyeres@wolftheiss.com+36 1 4848807
TMT János Tóthjanos.toth@wolftheiss.com+36 1 4848810
Real estate János Tóthjanos.toth@wolftheiss.com+36 1 4848810
Regulatory and procurement László Kenyereslaszlo.kenyeres@wolftheiss.com+36 1 4848807
Tax János Pásztorjanos.pasztor@wolftheiss.com+36 1 4848823
PhotoNamePositionProfile
Dr Norbert Bálint photo Dr Norbert BálintCounsel, Wolf Theiss, specialising in power plant construction projects, domestic and international…
Dr Zoltán Bodnár photo Dr Zoltán BodnárSenior Associate.
Dr Barnabás Buzási photo Dr Barnabás BuzásiCounsel, specialising in employment matters for over 6 years, with an in-depth…
Dr Ákos Erós photo Dr Ákos ErósPartner
Dr Zoltán Faludi photo Dr Zoltán FaludiPartner; specialised in Energy and Natural Resources, Project Finance, Corporate/Mergers & Acquisitions,…
Dr László Kenyeres photo Dr László KenyeresPartner; specialised in Corporate, Energy, Employment Law, Energy, Regulatory & Procurement. László…
Dr Enikő Lukács photo Dr Enikő LukácsAssociate.
Dr Marietta Molnár  photo Dr Marietta Molnár Senior Associate
Dr Judit Nádor photo Dr Judit NádorSenior Associate
Dr János Pásztor photo Dr János PásztorSenior Associate, leading the tax practice at Wolf Theiss Budapest. Janos is…
Dr Melinda Pelikán photo Dr Melinda PelikánCounsel, leading the Banking & Finance Practice Group in Budapest. She assists…
Dr János Tóth photo Dr János TóthPartner; specialised in Corporate/Mergers & Acquisitions, Competition Law, Data Protection, International Trade…
Dr Lajos Wallacher  photo Dr Lajos Wallacher Of Counsel
Number of lawyers : 340
at this office : 30
English
German
Hungarian
American Chamber of Commerce
International Fiscal Association
International Chamber of Commerce
Contact : Zoltán Faludi (regional managing partner)
Other offices : Belgrade
Other offices : Bratislava
Other offices : Bucharest
Other offices : Kiev
Other offices : Ljubljana
Other offices : Prague
Other offices : Sarajevo
Other offices : Sofia
Other offices : Tirana
Other offices : Vienna
Other offices : Warsaw
Other offices : Zagreb

At Wolf Theiss, we strongly believe that in a global marketplace, a company that employs a diverse workforce (both men and women of several generations and from ethnically and racially diverse backgrounds) is better able to understand the marketplace it serves, offers better and more unique perspectives and thus, is better equipped to thrive in that marketplace than a company that has a more limited range of employee demographics.

For us, uniting people and overcoming cultural divisiveness is part of our philosophy. By respecting each other, we have created a unique workplace camaraderie that spills over into our daily lives. Wolf Theiss considers itself to be politically liberal, not biased in any direction and imposing no restrictions on its workforce in terms of political view, religion, way of life, race, language and sexual orientation.

Our leadership team is comprised of 22% female partners, one of them within our management board, and 53% of our senior lawyers are women. We strive to stand at the forefront in the region, when it comes to gender diversity. We were one of the first law firms in the region to implement a maternity policy. Innovation initiatives at our firm are driven by female talent. We also encourage our lawyers to spend part of their daily work on firm-wide non-billable initiatives.

Wolf Theiss is proud to have been awarded Best National Firm – Work-Life Balance, 2021, Best gender diversity initiative by a national firm, 2020 and Best national firm mentorship programme, 2020 and to have been recognised as “Best in Austria” at the European Women in Business Law Awards 2019, 2018, 2017, 2016, 2015, 2014, 2013 & 2012, “Best in Croatia” at the European Women in Business Law Awards 2019, 2018, 2017, 2016, 2015, 2014 & 2013 and “Best in Romania” at the European Women in Business Law Awards 2016, 2015 & 2014.

CORPORATE SOCIAL RESPONSIBILITY

At Wolf Theiss we believe that success is a two-way street. Our financial success depends in large part on our doing quality work for our clients, so they come back to us and recommend us to others. But our success also depends on the support of the local communities where we live and work. They provide us with a great deal of input and impulses, including the talented lawyers and assistants who make it possible for us to do what we do. We all think it is essential that we give something back to the community.

One way to show our commitment to the community is by providing legal advice on a pro bono basis to clients who need legal help, but are unable to pay for our services. Our pro bono work is directed at clients whom we consider to be very deserving or who face legal issues that we believe are especially important to our communities or to society as a whole.