Réti, Várszegi and Partners PwC Legal > Budapest, Hungary > Firm Profile

Réti, Várszegi and Partners PwC Legal
BAJCSY-ZSILINSZKY ÚT 78
H-1055 BUDAPEST
Hungary

Hungary > Projects and energy Tier 2

Clients recommend Réti, Várszegi and Partners PwC Legal‘s ‘flexible and professional team’ for its diverse capabilities acting for investors and developers on a range of investments involving greenfield sites, renewables and solar power, transportation and concession-based investments. The practice also offers assistance with tax and regulatory aspects of investment and project management. Managing partner Zoltán Várszegi continues to assist a Hungarian subsidiary of a Canadian oil and gas upstream group in their operations, and negotiations with the Hungarian Government over exploration and production of hydrocarbons. Eszter Gally is recommended for public procurement and public utilities. Peter Zalai has ‘an in-depth understanding of the energy industry’ and is noted for corporate reorganisation projects, electricity and natural gas.

Practice head(s):

Zoltán Várszegi; Eszter Gally; Péter Zalai

Testimonials

‘Flexible and professional team is ready to support the clients with high quality service. They are very reliable partners in special topics. Communication and billing were also smooth.’

‘We have worked with the team with transport infrastructure developments (railways and airports) and also with public service contracts. Their approach is very professional.’

‘Zoltán Várszegi is an outstanding talent in his profession, with a helpful and proactive mindset, truly understanding customer needs.’

‘Very good client contact. Quick understanding of complex cases. Fee flexibility.’

‘I worked with Péter Zalai many times. He has an in-depth understanding of the energy industry, therefore he understands client issues much easier and he is able to provide well-grounded and innovative solutions which takes into consideration the complex industry-specific business environment.’

‘Very responsive lawyers. The client always feels he/she is the most important and valued client. They are effectively looking for solutions and can always suggest a way to help the business. Good teamwork and the client can feel the trust and good relationship between the team members.’

‘Peter Zalai and Zoltán Várszegi – feels like having personal attorneys. They know the client very well and always have an idea even for unusual business cases.’

Key clients

Samsung SDI Hungary Zrt.

Vermilion Group

Flisom AG

RSOE (Rádiós Segélyhívó és Inforkommunikációs Országos Egyesület)

Work highlights

  • Advised Samsung SDI Magyarország Zrt. in connection with its high volume investment in Göd, Hungary.
  • Advised the Vermilion Group, and upstream oil & gas investor in connection with their concession activities and operations in Hungary.
  • Advised Flisom AG in opening a solar panel manufacturing plant in Hungary. Supported in the company setup, the contracting for the development and lease of the site, the financing of the investment, the preparation of employment and procurement related documents.

Hungary > Tax Tier 2

Réti, Várszegi and Partners PwC Legal works closely with audit, tax and business advisory powerhouse PwC to provide a full range of services to clients. It is regularly instructed in tax controversy mandates and is notably prominent in complex cases heard before the European Court of Justice and Constitutional Court of Hungary. Managing partner Zoltán Várszegi is principally active in disputes in the energy, mining, government, utilities and telecoms sectors. In addition to handling local tax disputes, Dániel Kelemen has a significant advisory practice, which encompasses VAT, digital tax and transfer pricing.

Practice head(s):

Zoltán Várszegi; Dániel Kelemen

Testimonials

‘Prompt and efficient communication.’

‘This practice pays special attention to the clients, there is a strong intention to deeply understand the client’s needs as well as the background and motivation. Their professional experience provides a strong basis to set up appropriate strategies and their perseverance makes these strategies successful.’

‘Individuals representing this team are highly-qualified, experienced professionals who are open to new challenges, while managing to provide clarity and focus in important moments. They are responsive, glad to answer the questions and make serious efforts to reach the desired progress. I specifically mention Mr Dániel Kelemen, whose leadership qualities make this team a great one.’

Key clients

VITERRA Hungary Kft.

Telenor Hungary Zrt.

Gránit-Pólus Fejlesztési Kft.

Pólus Irodaház Ingatlanhasznosító Kft.

Cargill

Work highlights

  • Successful representation of VITERRA Hungary in several high-profile tax and customs disputes – including representation based on previous representations in front of the European Court of Justice
  • Advising Telenor Hungary on a local taxation issue including civil law, regulatory and taxation matters and consultations with the competent ministries.

Hungary > Competition Tier 3

Réti, Várszegi and Partners PwC Legal's group of ‘experienced individuals’ has 'a very good reputation in the Hungarian market’, and maintains consistent involvement in a wide range of competition mandates, from unfair commercial practices, complex merger cases and cartels. Name partner László Réti heads up the practice, which also includes Peter Zalai, Zsófia Straubinger and senior associate Márk Péter Baksa, all of whom have solid transactional, regulatory and contentious experience.

Practice head(s):

László Réti

Other key lawyers:

Péter Zalai; Zsófia Straubinger; Márk Péter Baksa

Testimonials

‘The competition team at Réti, Várszegi and Partners Law Firm consists of well-prepared and highly experienced individuals, and they have very good reputation in the Hungarian market.’

‘The team members we worked with were solution-driven, always focusing on the client’s needs and interests. We were happy with the project team.’

Key clients

OTP Bank Nyrt.

Jász-Plasztik Kft.

ROSSMANN Magyarország Kft.

Work highlights

  • Advising and representing OTP Bank Nyrt. in the judicial review phase of the renowned interchange fee cartel case before Hungarian courts and the European Court of Justice. The firm also successfully represented OTP Bank Nyrt. in a series of follow-on lawsuits against the HCA claiming a significant additional amount of interest related to the fine reimbursed by the HCA.
  • Advising Jász-Plasztik Kft., active in the waste management industry and adjacent sectors, in a competition investigation conducted by the HCA and its follow-up procedures, including the court procedure. The firm has also representing the client in a constitutional complaint procedure before the Hungarian Constitutional Court.
  • Continuing to support long-time client, ROSSMANN Magyarország Kft, on various competition law matters.

Hungary > Data privacy and data protection Tier 3

Réti, Várszegi and Partners PwC Legal's team impresses clients with its ‘deep knowledge of data protection laws and practice’, as well as its ability to draw upon audit, tax and business advisory experts within the PwC network. The sizeable group is made up of IT expert Csilla Dékány, employment partners László Szűcs and Márta Zsédely, and corporate specialist Réka Mihola. All individuals undertake a significant amount of data protection related due diligence work and GDPR compliance reviews.

Practice head(s):

Csilla Dékány; László Szűcs; Réka Mihola; Márta Zsédely

Testimonials

‘Excellent knowledge of data protection rules and matters. They can provide day-to-day support, as well as comprehensive advice in complex legal matters.’

‘Deep knowledge of data protection laws and practice, business-minded attitude, proactive, reliable and responsive team.’

‘Flexible and professional team is ready to support the clients with high quality service. They are very reliable partners in special topics. Communication and billing were also smooth.’

Key clients

PricewaterhouseCoopers Magyarország Kft.

PricewaterhouseCoopers Könyvvizsgáló Kft.

SEWS Komponens és Elektronika Európa Kft.

Festo Kft.

FESTO-AM Gyártó Kft.

Roma Education Fund

RSOE (Rádiós Segélyhívó és Infokommunikációs Országos Egyesület)

Billkiller Kft.

KÖR Innovatív Zrt.

Nemzeti Filmintézet Közhasznú Nonprofit Zrt.

ROSSMANN Magyarország Kft.

Magyar Tenisz Szövetség (Hungarian Tennis Association)

Work highlights

  • Advised SEWS Komponens és Elektronika Európa Kft. on GDPR aspects of a newly-introduced HR application.
  • Advised SOE (Rádiós Segélyhívó és Infokommunikációs Országos Egyesület) on GDPR aspects of an international cooperation project aiming the introduction of a new harmonised system (application) for River Information Services with the participation of 13 European countries’ relevant ministries and authorities.
  • Assisted Roma Education Fund with the GDPR compliance project of the fund acting as a member of an international network of funds for the support of education of young Roma.

Hungary > Dispute resolution Tier 3

Réti, Várszegi and Partners PwC Legal‘s team is praised for its ‘experience, knowledge, meticulous work and connections’. It is predominantly active in tax litigation, insolvency and debt collection on behalf of debtors, and also regularly represents domestic and foreign entities in disputes with the competition authorities. Name partners László Réti, Zoltán Várszegi and Dániel Kelemen are the main figures.

Practice head(s):

László Réti; Zoltán Várszegi; Dániel Kelemen; Péter Zalai

Testimonials

‘Experience, knowledge, meticulous work and connections.’

Key clients

BKV Zrt.

Cargill

Flovestor Passage Kft.

GEA CEE GmbH Hungarian Branch

Gránit-Pólus Fejlesztési Kft.

Pólus Irodaház Ingatlanhasznosító Kft.

VITERRA Hungary Kft.

Work highlights

  • Representing BKV, a public transport provider company, in several high-profile lawsuits.
  • Acted for VITERRA Hungary in several high-profile tax and customs disputes – including representation based on previous representations in front of the European Court of Justice.

Hungary > Commercial, corporate and M&A Tier 4

Réti, Várszegi and Partners PwC Legal specialises in cross-border and domestic acquisitions and termination of companies, corporate reorganisation and restructuring projects. Sectors of expertise include energy, transportation, telecoms and pharmaceuticals/life sciences. Zoltán Várszegi is the lead M&A partner, and is also instructed by foreign clients on the establishment of the Hungarian subsidiaries in relation to their day-to-day operations. Dóra Horváth and Dániel Kelemen are recommended for restructuring mandates.

Practice head(s):

Zoltán Várszegi; Dóra Horváth; Dániel Kelemen

Testimonials

‘Professional team in the field of M&A transactions.’

‘The team is absolutely brilliant, they are very cooperative. I’ve worked with many other law firms but they cant even be compared to Réti,Várszegi and Partners. They were very innovative and quickly adapting to the challenges of COVID and online cooperation.’

‘Reti, Varszegi and Partners have a excellent understanding of Hungarian corporate law. They identify, describe and proactively inform of any corporate law issues. Their team is connected with PWC tax and legal which is of great benefit to our business.’

 

Key clients

Hungarian Tennis Association

International Judo Federation

Multi Hungary Management Kft.

Sumas Kft. (Graymont group)

AFC Magyarország Likviditás Menedzsment Kft.

Lallemand Magyarország Likviditás Menedzsment Kft.

Bouxalanon Kereskedelmi, Szolgáltató és Likviditás Menedzsment Kft.

Bancorp Hungary Kft.

Columbus McKinnon Hungary Finance Kft.

Flovestor Passage Kft.

Belron Hungary Kft.

Rossmann Hungary

MGMT Group Kft.

Biotech USA Kft.

Kőröstej Kft.

China Oceanwide Holdings Limited

Hungary > Real estate and construction Tier 4

Réti, Várszegi and Partners PwC Legal advises clients on acquisitions and sales, property financing and refinancing, lease agreements and portfolio management. On the contentious side, real estate litigation is another cornerstone of the practice. László Réti and László Szűcs are the names to note.

Practice head(s):

László Réti; László Szűcs

Key clients

ROSSMANN Magyarország Kereskedelmi Kft.

Ilka Corner 1 Kft.

Flovestor Passage Kft.

BKV Zrt.

Work highlights

  • Advising ROSSMANN Magyarország Kereskedelmi Kft on various issues involving its 200 commercial units, including real estate transactions, lease agreements, legal disputes, public law restrictions and further administrative proceedings.
  • Advised Ilka Corner 1 on the legal due diligence and the acquisition of Optima A Office Building in Budapest.

Our leading lawyers have more than three decades of both business and legal experience. We provide legal assistance to a wide range of clients, including Hungarian undertakings, international groups of companies, high-net-worth individuals, local governments and authorities as well.

Utilizing our expertise and working in close cooperation with our clients, we develop innovative solutions, regardless of the boundaries of the numerous legal fields and industries. We focus on understanding industry specifics, and by taking a pragmatic approach and through teamwork, we ensure that our customers receive personalized and quick responses to their questions.

Close collaboration within the PwC network enables us to access and utilize PwC’s accounting, tax, human resources and other business consulting services, and thus provide complex, synchronized advice to our clients.

Services:
-Competition law and consumer protection
-Economic Criminal Law
-Employment law
-Energy, public services
-Waste management
-Environment protection law
-Investments, real estates
-IT, IP and data protection
-Legal disputes, debt recovery, insolvency cases, tax litigation
-Pharmaceutical law and health industry
-Public procurement, tendering procedures
-Restructuring, Mergers & Acquisitions
-Telecommunications and media
-Transport

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A new management team to deploy the “PwC Legal 2025” strategy: Catherine Baflast becomes managing partner as of October 1, 2021

At the end of her mandate at the head of PwC Legal, the time has come for Cindy Arces to hand over the reins to Catherine Baflast, who will become managing partner as of October 1, 2021. This succession and change in governance has been prepared for several months.