Andrékó Ferenczi Kinstellar > Budapest, Hungary > Firm Profile

Andrékó Ferenczi Kinstellar
3 SZÉCHENYI RKP
1054 BUDAPEST
Hungary

Hungary > Banking, finance and capital markets Tier 1

Following his promotion to partner in May 2023, Levente Hegedüs has taken over from managing partner Csilla Andrékó as head of the banking, finance and capital markets team at Andrékó Ferenczi Kinstellar. A go-to choice for both domestic and international clients, the team’s extensive and diverse roster includes financial institutions, companies and ministries as well as banks, borrowers and issuers. The group is active across a wide range of industries, including project finance transactions within the infrastructure and energy sectors. Noted for its ‘deep knowledge of the industry’, the team’s expertise extends to financial regulatory advice, bond issues, and equity and debt transactions. The team’s restructuring and insolvency practice has shown recent growth, advising creditors, debtors, investors and sponsors, and banking litigation is another developing area. Dalma Ördögh brings experience in PPP/PFI finance, acquisition financing, and syndicated and secured lending to the team. Zsuzsa Andrékó was promoted to managing associate in April 2022, strengthening the bench, which also inlcudes Máté Nagy, at that level.

Practice head(s):

Levente Hegedűs

Testimonials

‘Deep knowledge of the industry, international subsidiaries helping the process, good communication skills.’

‘Friendly attitude, always understand the whole process, good communication among the colleagues, ready to work at any time.’

‘The international network is great; we can rely on them in any jurisdiction.’

‘Levente Hegedűs’ availability is unique; he is experienced, client focused, flexible and has a problem-solving approach.’

‘The team – led by Levente Hegedűs – is highly professional, with quick reactions. The represented the bank’s interests during the drafting and the contract negotiations well.’

‘Levente Hegedűs is well known in professional circles and has several years’ experience. He mentors his junior associates with great competence. He is engaged and always available to discuss ad-hoc problems and suggest good solutions. Hegedűs is a great case manager, and he has great communication skills including a sense of humour.’

Key clients

K&H Bank Zrt.

Citigroup, J.P. Morgan, Société Générale

Bank of China

Volta Energy Solutions Zrt.

Budapest Stock Exchange

Work highlights

  • Advised the Budapest Stock Exchange on listing its shares in the BSE regulated market standard category.
  • Advising J.P. Morgan, Industrial and Commercial Bank of China (ICBC) and Intesa on a €750m bridge loan provided to a Hungarian bank in connection with a $1,25bn note issue.
  • Advising the arrangers and dealers on the establishment and update of the Regulation S €5bn Euro Medium Term Note Programme of OTP Bank, which includes Tier 2, Senior Preferred and Senior Non-Preferred Notes tranches.

Hungary > Commercial, corporate and M&A Tier 1

With a particular focus on inbound investments, the commercial, corporate and M&A team at Andrékó Ferenczi Kinstellar advises clients across Western Europe, the US and Asia. The group assists Hungarian clients with cross-border acquisitions, as well as advising on restructurings, joint ventures, spin-offs and public takeovers. The group’s expertise spans various industries, with a particular focus on deals within the energy, life sciences and real estate sectors. Gábor Gelencsér and Annamária Csenterics co-lead the team, with the latter bringing additional expertise in private equity matters to the group. As an English-qualified lawyer, Anthony O’Connor strengthens the practice’s international reach, advising corporate, private equity and venture capital investors across the CEE region. Ákos Nagy specialises in telecoms matters. Áron Barta and Kármen Csenge Koller were promoted to senior associate level in March 2023, rounding out the practice’s strong junior bench, which also includes associate Bianka Kovács.

Practice head(s):

Gábor Gelencsér; Annamária Csenterics

Testimonials

‘The team led by Gábor Gelencsér has the experience and skill to act on an equal footing with top-ranked international law firms. In a recent matter, we initially engaged them as local counsel, but then decided to have them act as primary counsel early in the negotiations process as their work was that good.’

‘We’ve worked with Gábor Gelencsér on several matters for nearly 10 years. He’s always impressed us with his technical skills and client relations, and has now matured into a very good lead lawyer.’

‘Outstanding communication, highly professional and flexible.’

‘They hear and understand what the client is saying.’

‘The team is well experienced.’

‘Gábor Gelencsér – exceptional experience and providing real good solutions.’

‘Áron Barta is so open-minded.’

‘Very pragmatic approach, swift turnaround times and finding solutions to the client’s needs.’

Key clients

OTP Bank Plc

MVM / MVM CEEnergy / MAVIR

Wizz Air

MOL Group

EYGS LLP (Ernst&Young)

SK Battery

MET Group

China CEE Equity

Eviosys Packaging

TEVA Pharmaceuticals

Procter & Gamble

Work highlights

  • Advised OTP Bank on the successful acquisition of Uzbekistan’s fifth-largest bank, Ipoteka Bank, with an 8.5% market share and more than 1.6 million retail customers.
  • Assisted a client with the setting up of a joint venture with a US upstream company for the implementation of a large-scale natural gas exploration project in Hungary.
  • Advised on a contemplated joint merger of various key energy sector players in the CEE region.

Hungary > Competition Tier 1

Cartel investigations are a particularly prolific area for the competition team at Andrékó Ferenczi Kinstellar. The practice is also active in the merger control space, and is regularly involved in merger control filings and in obtaining clearance before the HCA and the European Commission. Further strength range from compliance to state aid, and the group's diverse clientele includes financial institutions and companies active in the energy sector. Practice head Péter Vörös regularly represents clients in high-profile cartel cases before both Hungarian and European courts. With substantial litigation experience, Orsolya Staniszewski also represents clients in antitrust and consumer protection cases. Noémi Varga handles abuse of dominant position cases, while Eszter Takácsi-Nagy is noted for her experience in advising clients from the life sciences sector.

Practice head(s):

Péter Vörös

Testimonials

‘Exceptional availability and great communication.’

‘They are always available to help and ready to take the lead with a distinguished positive attitude towards any challenges.’

‘The team is very experienced.’

‘Péter Vörös provides feedback on a quite broad spectrum.’

Key clients

Nitrogénművek Zrt.

OTP Bank Nyrt.

Work highlights

  • Representing Nitrogénművek in a cartel case, in which the Hungarian Competition Authority imposed a fine of €36.8m.
  • Advised OTP Bank on the successful acquisition of Ipoteka Bank.

Hungary > Projects and energy Tier 1

The projects and energy team at Andrékó Ferenczi Kinstellar spans the full breadth of the energy sector, from power plant development, to downstream projects, to energy efficiency solutions. The practice boasts a strong track record in the mining, oil and gas, and petrochemical industries. Kristóf Ferenczi and Balázs Sepsey jointly lead the team; the former typcially advises on investments into the energy sector and petrochemical projects, while the latter assists clients across the electricity, natural gas and district heating sectors, including advising on state aid and competition law matters. In line with market trends, Péter Gullai, who was promoted to managing associate in March 2023, focuses on PV projects, while László Bujáki is actively involved in energy-related M&A deals.

Practice head(s):

Kristóf Ferenczi; Balázs Sepsey

Other key lawyers:

Testimonials

‘Clear picture about the process from the beginning. Explanations through the process of what was done and what else was needed.’

‘Péter Gullai – service, attitude, clear picture ahead of the future process, raises potential issues that we need to deal with.’

‘Balázs Sepsey – service, attitude, updating through the process, quick and professional works.’

‘The team is well experienced and solves all our issues.’

Key clients

Chint Solar

EnBW Energie Baden-Württemberg AG

Futureal

SK Innovation

Work highlights

  • Advised CHINT Solar Group on the development and subsequent sale of a large-scale PV project with a built-in capacity exceeding 180MW.
  • Advised Futureal on a PV project aiming to supply green electricity to its residential facilities.
  • Advising SK INNOVATION on a large European factory unit, comprising a new e-battery plant with a capacity of 30GWh and entailing a total investment value of $2.29bn.

Hungary > Data privacy and data protection Tier 2

Andrékó Ferenczi Kinstellar specialises in data privacy matters in the TMT sector, and regularly provides clients with privacy training and advice on data processing. Senior associate Dániel Endre Nagy heads the firm-wide data and cybersecurity teams, as well as the local TMT practice, bringing particular expertise in data protection, privacy and compliance to the firm; he is also the driving force behind the firm’s recently established AI task force. Ákos Nagy boasts almost 20 years’ experience advising telecoms clients on GDPR compliance, marketing and regulatory issues. Anna Szilágyi provides further support, focusing on data protection, IP and TMT law.

Practice head(s):

Dániel Endre Nagy

Other key lawyers:

Testimonials

‘The team is reliable and knowledgeable. It also delivers within the required deadline. It works efficiently across jurisdictions which is a significant advantage.’

‘The firm has strong coverage in Eastern Europe. It provides a joined-up approach across its offices and compares well in terms of coverage and data team strength in relation to other firms in its region.’

‘Capable and experienced team.’

‘Ákos Nagy is a great all-round lawyer with a structured team behind him.’

Key clients

GrandVision Hungary Kft.

SK Group

Work highlights

  • Advises the SK Group on data protection matters on an ongoing basis.
  • Advising GrandVision on its marketing operations on an ongoing basis.

Hungary > Employment Tier 2

Fielding a roster of ‘high quality professionals’, the team at Andrékó Ferenczi Kinstellar handles the full gamut of employment matters, from employee transfers to labour settlements and disputes. The practice continues to expand its service offering, advising on an increasing number of collective employment, immigration law-related and whistleblowing matters. The group remains an established choice for companies in the industrial and automotive industries, as well as boasting particular expertise in the IT and pharmaceutical spheres. Dániel Péter leads the team and was promoted to managing associate in April 2023. Szilágyi Szabolcs focuses on the establishment and termination of employment, while Ákos Nagy specialises in employee share schemes, a recent area of increased focus.

Practice head(s):

Dániel Péter

Other key lawyers:

Testimonials

‘Wide range of expertise. Quick, reliable and easy collaboration.’

‘High quality professionals.’

‘Highly professional approach, very knowledgeable and quick in feedback.’

‘Knowledge of both German and Hungarian legislation, bilingual discussions, and very quick feedback, especially from from Dániel Péter.’

‘The team provides very practical answers.’

‘I worked with Dániel Péter from the employment team, who deeply understands how a multinational company works and has a special talent to work out tailor-made solutions with out-of-the-box thinking.’

Key clients

Caterpillar

GrandVision Hungary Kft.

Hamburger Hungária Kft.

People 2.0

HSH Chemie

SK Battery

MET Hungary

E2 Open

Newpush

Eviosys

Hungary > Real estate and construction Tier 2

Greenfield projects, including energy and industrial developments, are a recent area of increased activity for the real estate team at Andrékó Ferenczi Kinstellar. The group’s expertise encompasses all real estate transactions and disputes, focusing primarily on acquisitions and disposals, development and asset management. With over 16 years’ experience, Mónika Frank co-leads the team, advising a diverse list of investors and developers on disposal, development and financing across all asset classes. Frank's counterpart Barnabás Sági specialises in construction projects and real estate developments. Bertalan Ványa supports with greenfield investments matters, as well as real estate acquisition and leasing.

Practice head(s):

Mónika Frank; Barnabás Sági

Other key lawyers:

Annamária Csenterics; Gábor Gelencsér; Bertalan Ványa

Testimonials

‘The team is a good mixture of young and experienced practitioners. The team is very reliable, delivers results on time and of excellent quality. All employees communicate well, are accessible to the client anytime. In general, a very trustworthy partner with a lot of experience on the real estate market and of all legal topics necessary to establish a business.’

‘Very versatile and skilled practitioners. Working to a high professional level (on time, great input and feedback, using tools and software very well).’

‘The firm has an all-round complete team that is capable of managing legal questions from different areas of expertise very swiftly. Excellent know-how in the practice area in question and of applicable common market practice. Were able to involve internal specialists from adjacent fields at short notice for competent clarification of specific issues.’

‘Barnabás Sági and Bertalan Ványa: very diligent and fast working on all legal documents, very good in contract negotiations with the other party, very good guidance throughout the entire transaction process, high responsiveness and reliablity.’

‘Barnabás Sági has a solid knowledge of the market and combines it with excellent legal skills. He stands out because he is very pragmatic at the same time and always solution oriented. Great overview at all times without losing sight of legal and formal details. Excellent preparation of a smooth closing process.’

‘I had the pleasure of working with the firm on two complex high-value transactions, and I can’t praise them enough for their exceptional service. The entire team operates at the highest level of professionalism. From our initial consultation to the resolution of my case, their dedication and expertise were evident. The firm possesses an incredible depth of legal knowledge and a strategic approach that led to a successful outcome. I wholeheartedly recommend them to anyone seeking professional real estate transactional knowledge. Their remarkable team goes above and beyond to deliver outstanding results. ’

‘From the team I would like to highlight Barnabás Sági. I am truly grateful for his exceptional legal expertise and dedication. Barnabás is an incredibly skilled transactional attorney.’

‘Throughout our transactions, Barnabás Sági displayed a deep understanding of the law and provided clear guidance that helped us navigate through complex legal issues. What sets Barnabás apart is his unwavering commitment to achieving the best possible outcome for his clients. He puts in the time and effort needed to secure a successful resolution, and his professionalism was exemplary. I couldn’t have asked for a better legal representative than Barnabás. I highly recommend his services to anyone in need of a dedicated and highly competent attorney.’

Key clients

S IMMO AG

Infogroup

LX Pantos

KÉSZ Group

Resolution Property

ROCKWOOD Ingatlan Kft.

SK On (former name: SK Innovation)

Work highlights

  • Advising S IMMO AG on the acquisition of eight properties and one land plot in Budapest from CPI Property Group, with a total lettable area of around 109,000 square metres.
  • Advising S IMMO AG on the acquisition of six office properties in Budapest from Immofinanz AG, comprising around 124,000 square metres of main usable space.
  • Advising Resolution Property on the asset management and leasing of premises in two category A office buildings, known as Buda Square and Margit Palace, both of which are located in Budapest.

Hungary > TMT Tier 2

Data privacy matters are a key focus area for the TMT team at Andrékó Ferenczi Kinstellar, which also noted a recent increase in AI-related mandates, and the practice provides regulatory advice in both areas. As head of the local TMT team, as well as the firm-wide data and cybersecurity services, Dániel Endre Nagy advises a growing roster of technology and social media companies and automotive clients on GDPR, compliance and software matters. Anna Szilágyi‘s practice spans data protection, IP and TMT issues, while Ákos Nagy predominantly advises telecoms clients on regulatory and commercial matters.

Practice head(s):

Dániel Endre Nagy

Other key lawyers:

Key clients

GrandVision Hungary Kft.

SK Group (SK Innovation Co., Ltd. / SK Battery Hungary Ltd. / SK Battery Manufacturing Ltd.)

Vanguards Fashion Group Zrt.

Work highlights

  • Providing continuous data protection support to an international fashion holding group based in Budapest, including assisting with the establishment of GDPR compliance.
  • Providing continuous data protection advice to the SK Group.
  • Provided privacy and advertisement law advice on the ongoing marketing operation of GrandVision.

Hungary > Dispute resolution Tier 4

Andrékó Ferenczi Kinstellar provides a full dispute resolution offering across both litigation and arbitration. The ‘well-prepared and flexible’ team has expertise in competition and insolvency claims. Péter Vörös leads the practice, and is particularly noted for representing clients in cartel, abuse of dominant position and consumer protection cases. Noémi Varga has a strong track record in employment disputes.

Practice head(s):

Péter Vörös

Other key lawyers:

Testimonials

‘The team is well-prepared and flexible and able to solve issues with deep professional background.’

‘Team members are committed and reliable, working with high-level client focus, demonstrating high-level ownership.’

Key clients

Nitrogénművek Zrt. and affiliates

Work highlights

  • Representing Nitrogénművek in a Hungarian cartel case, in which the Hungarian Competition Authority imposed a fine of €36.8m.

The firm: Kinstellar is a leading independent law firm in emerging Europe, Turkey and Central Asia, with offices in Almaty (Kazakhstan), Belgrade (Serbia), Bratislava (Slovakia), Bucharest (Romania), Budapest (Hungary), Istanbul (Turkey), Kyiv (Ukraine), Prague (the Czech Republic) and Sofia (Bulgaria). Operating as a single fully integrated firm, Kinstellar acts as trusted legal counsel to leading investors across emerging Europe and Central Asia.

Working together since 2000, Kinstellar’s senior team in Budapest has extensive experience handling some of Hungary’s most significant transactions.

The firm’s diverse team of Hungarian and internationally qualified lawyers provides top-quality client service to international and domestic investors active across a range of industry sectors, including automotive, banking and finance services, energy and utilities, food and beverages, manufacturing, mining, real estate and telecommunications.

Kinstellar are experts at cross-border transactions and bring a unique mix of local knowledge and international expertise to serve client’s interests in Hungary and across the region.

Areas of practice: The firm’s focal areas of practice include banking, finance and capital markets; competition and state aid; compliance, risk and sensitive investigations; dispute resolution; employment and labour law; energy; infrastructure and projects; intellectual property; M&A and corporate; NPLs and distressed assets; real estate, construction and planning; restructuring and insolvency and technology, media and telecommunications.

Department Name Email Telephone
Banking͵ Finance & Capital Markets, Restructuring & Insolvency, Infrastructure & Projects, Compliance͵ Risk & Sensitive Investigations Csilla Andrékó csilla.andreko@kinstellar.com +36 1 428 4404
Competition and state aid, Dispute Resolution Péter Vörös peter.voros@kinstellar.com +36 1 428 4438
M&A & Corporate, Compliance, risk and sensitive investigations, Employment & Labour Law, Technology͵ Media & Telecommunications, Life Sciences & Healthcare Ákos Nagy akos.nagy@kinstellar.com +36 1 428 4426
Energy & Natural Resources, Infrastructure & Projects Kristóf Ferenczi kristof.ferenczi@kinstellar.com +36 1 428 4471
M&A and corporate, Private Equity Anthony O'Connor anthony.oconnor@kinstellar.com +36 1 428 4499
Real estate, construction and planning Mónika Frank monika.frank@kinstellar.com +36 1 428 4491
Number of lawyers : 200
Bulgarian
Czech
English
French
German
Hungarian
Kazakh
Romanian
Russian
Serbian
Slovak
Turkish
Ukrainian
Other offices : Almaty
Other offices : Belgrade
Other offices : Bratislava
Other offices : Bucharest
Other offices : Istanbul
Other offices : Kyiv
Other offices : Prague
Other offices : Sofia