Jalsovszky > Budapest, Hungary > Firm Profile
CSÖRSZ U 41
Jalsovszky > The Legal 500 Rankings
Hungary > Tax Tier 1Jalsovszky‘s ‘strong and professional' tax team plays a key role in significant domestic and cross-border corporate and financing transactions, and it has extensive expertise in Hungarian taxation issues. The firm has strengthened its tax offering with the addition of several senior and mid-level associates from Hungarian National Bank, Ministry of Finance and a well-known accountancy firm. Pál Jalsovszky is a highly regarded transactional tax specialist. He is supported by Tamás Fehér, who is a top name for VAT and excise tax, as well as tax disputes. Senior associate Ákos Baráti is another key figure. István Csővári left to establish Csővári Legal in May 2021.
Pál Jalsovszky; Tamás Fehér
Other key lawyers:
‘Strong and professional team. Full focus on client.’
‘Akos Barati is the person we are dealing with. He is good, focused, efficient’
‘They are vey enthusiastic, enjoy their work, open to challenges. It is easy to work with them, the team is very supportive and cooperative.’
‘Tamas Feher has comprehensive capabilities and skills. Besides the very deep tax law knowledge he has expertise in court representation, very successful in front of the ECJ as well.’
Constellation Hungary S.A.
CREA-TAX Pénzügyi-, Adótanácsadó és Szolgáltató Kft.
UNIX AUTÓ Kft.
Belváros-Lipótváros Sportközpont Kft.
- Advising MFB Bank and drafting its internal code of conduct regarding the Bank’s due diligence process on potential tax avoidance and profit shifting practices of its clients.
- Representing Euler Hermes in a tax dispute for reimbursement of VAT on a bad debt portfolio.
- Advising Staff House in a pre-exit restructuring, including an internal buyout.
‘High level expertise in drafting finance documents in line with the most recent standards applicable in the international financing space. Fast and efficient operation.’
‘Profound understanding of lending dynamics on commercial and credit grounds from both the borrower’s and lender’s point of view. Constant availability and quick turnaround with regards to every matter.’
MFB (Hungarian Development Bank)
- Advising Raiffeisen Bank as lender on financing several projects implemented by Eprolius, a real estate investor company belonging to the Liss Group.
- Advising MKB Bank as lender on financing the restructuring of the debt and the simultaneous MBO of a large Hungarian company.
- Advising CIB Bank and Raiffeisen Bank as lenders on financing the acquisition of a Hungarian metal industry company by a Polish company.
Pál Jalsovszky; Ágnes Bejó
‘The Jalsovszky team very reactive to client needs and market changes. They collaborate well to ensure that their client always gets the best piece of advice.’
‘The team is composed of experienced senior professionals, with many years of practice with international law firms. Their practical approach benefits from this wealth of experience without the formality that makes larger firms difficult to work with in smaller and niche transactions.’
‘Agnes Bejo, is a standout performer always going the extra mile and always with a smile on her face. This creates a positive working relationship helping over come problems as they arise.’
‘Pál Jalsovszky – Unique combination of business, tax and legal education. Understands complex business needs and aims to find the best structure accordingly with a problem-solving attitude. ‘
‘Pál Jalsovszky: strong focus on client needs (understand and addresses what is primarily important to client). Very strong relationship network to private business owners and other usual transaction stakeholders. ‘
‘Ágnes Bejo: an experienced transaction professional with precise and timely reactions on any need.’
‘Practical, commercially-minded, thorough and precise.’
Széchenyi Capital Funds
Portfolion Capital Funds
Danubius Hotels Group
Luma Automative Group
- Assisting LUMA Automation S.A. with the acquisition of a 100% shareholding in IronTech Zrt.
- Acted for Banzai Cloud Zrt on the exit sale by the sellers (including Portfolion and Euroventures venture capital funds) of the client’s software portfolio and business operation as a going concern to Cisco Systems, Inc.
- Advising a private individual on sale of his shareholding in KTT to Axel Johnson, a privately owned Swedish industrial group.
Other key lawyers:
‘Jalsovszky Law Firm provided unique expertise and readiness to help our business to succeed in Hungary. It was a complex matter, which required both in-depth knowledge and a strong business network of professionals (appraisers, developers, bankers) in Hungary. The practice was always there to assist us, was proactive and delivered the best advice our company could have expected.’
‘Levente Bihari provided tailor-made accurate advice, always practical and within deadlines. Being the managing partner of the firm, Pal Jalsovszky was always on the radar and ready to help during the project, which attaches personal touch to any communication with the clients and makes service so unique and valuable.’
Voltana Hungary Kft.
VGP Group Hungarian subsidiaries
Atreusz Holding Kft.
Callis Energetika Zrt.
Duna Pro Kft.
- Advising Voltana Hungary on the sale of an ongoing residential development project.
- Advised Atreusz Holdings on a complex contractual structure related to the planned solar plant developments of the client, which will be subject to various restrictions on agricultural land.
- Advised VGP Park Kecskemét Korlátolt Felelősségű Társaság on the planned placement of solar panels on one of their newly built office buildings for the purposes of covering the electricity demands of the tenant.
Jalsovszky > Firm Profile
About the firm: Jalsovszky is a business-oriented law firm with a logical mindset. We are not experts in all areas of law, but when it comes to what we specialise in, we are among the best.
We are known for our human oriented approach. We believe that building a good personal relationship with our clients is no barrier to maintaining high professional standards. We aim furthermore, that our colleagues should be able to work in a friendly and liveable environment, and find enjoyment and fulfilment in their work.
Since 2005, we have grown from a sole practice firm into one of Hungary’s leading legal consultants. There may be a reason for this.
Tax: Giving advice on tax matters is always an intellectual challenge. Perhaps this is why we like this field so much. We also enjoy that, amidst the dynamically changing tax rules we, too, need to continuously adapt and evolve. And few achievements can be as satisfying as successfully challenging a decision of the tax authority.
Mergers and acquisitions: M&A transactions have everything that makes legal work so fulfilling: creativity, precision, problem-solving, and – if and when the deal is closed – the thrill of success. We know that a ‘front page’ deal is usually the culmination of months of less publicised, but thorough and intensive work on our part.
Commercial law: It is a major source of pride for us that a growing number of clients are using us to take care of their everyday corporate law, labour law and intellectual property-related affairs. In these mandates we perform the routine legal works: preparing contracts, drafting opinions, conducting negotiations –the challenge lies rather in the diversity of the assignments.
Banking and finance: A finance transaction, in our view, should not be a tussle between two opposing parties. After all, the bank and the borrower share a common aim: to establish a financing structure that helps to ensure the successful operation of the financed project, which in turn generates the funds to repay the loan. We keep this concept in our mind when upon drafting the documentation.
Real estate: This is a practice that is easy to like, as the results are physically present, visible and tangible. We tend not to over complicate the matters with a rigid legalistic approach: if we raise a problem, it is certain that we are about to suggest a solution as well. Most real estate transactions also have tax implications: this is the area where we are most in our element.
Litigation: There’s one thing all lawyers agree on: litigation is the top of legal work. While we relish and enjoy the challenge of litigation, as a matter of principle we only take on cases that we also believe in personally. In this way, whenever we win a lawsuit – beside the sense of success – we feel that we have also done something to make the world a better place.
|Merges &Acquisitions||Pál Jalsovszkyfirstname.lastname@example.org|
|Banking & Finance||Gábor Pázsitkaemail@example.com|
|Tax, Litigation||Tamás Fehérfirstname.lastname@example.org|
|Merges & Acquisitions||Ágnes Bejóemail@example.com|
|Real Estate||Péter Gyimesifirstname.lastname@example.org|
|Real Estate||Levente Bihariemail@example.com|
|Tax, Regulatory||Ákos Barátifirstname.lastname@example.org|
|Ákos Baráti||Attorney||View Profile|
|Péter Barta||Attorney, Tax advisor||View Profile|
|Ágnes Bejó||View Profile|
|Levente Bihari||Senior Attorney||View Profile|
|Tamás Fehér||Partner, Attorney, Tax Advisor||View Profile|
|Péter Gyimesi||Senior Attorney||View Profile|
|Pál Jalsovszky||Managing Partner, Attorney||View Profile|
|Gábor Pázsitka||Partner, Attorney||View Profile|