Firm Profile > Lakatos, Köves and Partners > Budapest, Hungary

Lakatos, Köves and Partners
MADÁCH IMRE ÚT 14
1075 BUDAPEST
Hungary

Banking, finance and capital markets Tier 1

Lakatos, Köves and Partners is a top choice for a broad cross-section of mandates, including banking and finance transactions, regulatory issues, licensing matters and restructurings. The firm is notably active in aviation leasing work and it also advises on the acquisition of non-performing loans. In one recent highlight, Szabolcs Mestyán advised Hungarian Real Estate Financing Zrt. (Indotek Group) on the first-ever acquisition of a non-performing loan portfolio from the National Deposit Insurance Fund. John Fenemore, who is dual-qualified in English and Hungarian law, is knowledgeable about trade finance, asset finance, real estate finance and sovereign and quasi-sovereign lending transactions. Founding partner Péter Köves and associate Balázs Rokob are also highly recommended.

Practice head(s):

Szabolcs Mestyán; John Fenemore

Other key lawyers:

Péter Köves; Balázs Rokob

Testimonials

‘The team is incredibly strong – excellent advice and extremely well organised.’

‘Szabolcs Mestyan and John Fenemore are both outstanding. Highly capable and very sound judgement. They always frame solid advice in a very practical perspective, based on the transaction and what all parties are looking to achieve.’

‘John Fenemore – very responsive and commercial. Szabolcs Mestyán – bright and knowledgable’

‘John Fenemore is very responsive and provides excellent advice.’

‘They are great lawyers, especially John Fenemore.’

‘John Fenemore is really knowledgeable and easy to work with. ’

‘John, Szabolcs and others are very responsive, technical and familiar with the types of issues that my clients care about. I trust them to provide independent advice in a timely manner.’

‘John Fenemore has a very unique background, having worked for many years as an English banking lawyer in a large international law firm in London, Bucharest and Budapest. He is recently also Hungarian law qualified. I can’t think of anyone more qualified or better suited to advising my clients on Hungarian law related matters.’

Key clients

Citigroup Global Markets Limited

ING Bank N.V.

J.P. Morgan Securities plc

J. P. Morgan

Erste Bank

Hungarian Real Estate Financing Zrt.

Indotek Group

Syncreon

Export-Import Bank of China, Liaoning branch (“CEXIM”)

Citigroup

DVB Bank SE (“DVB”)

Intrum AB

J.P. Morgan Securities plc.; Global Loan Agency Services Limited; GLAS Trust Corporation Limited

BNP Paribas & ING Bank London Branch

Blackstone

Deutsche Bank

Linklaters

Görg

Clifford Chance

White & Case

Latham & Watkins

Weil, Gotshal & Manges

McCann FitzGerald

Freshfields

Mayer Brown

Commercial, corporate and M&A Tier 1

Lakatos, Köves and Partners has increased its presence among Asia-based investors, with it generating an increasing volume of instructions from Chinese, Japanese and Korean clients; the firm has Japanese and Mandarin-speaking lawyers and gets referrals from contacts at law firms in Asia. The firm is known for acting for foreign investors on the acquisition and disposal of Hungarian assets, restructurings and general corporate issues. Ádám Máttyus is an expert in the energy, IT and consumer goods sectors. He works with Iván Sólyom on asset deals and transactions in the telecoms and real estate sectors. Pál Rahóty and founding partner Richard Lock, dual qualified in England and Wales and Hungary, specialises in pan-European and Hungarian cross-border investment transactions.

Practice head(s):

Richard Lock; Iván Sólyom; Ádám Máttyus

Testimonials

‘My experience with this firm has been excellent. The team is professional, the quality of their work is top notch, and the individuals I’ve worked with have been timely and detail oriented. ’

‘ Great team that use the strength of everyone.’

Key clients

Vodafone

Mid Europa / Waberer’s Group

Renewable energy investors (Z-Group, Photon Energy, JSD)

Indotek Group

Toyo Ink

Soulbrain

Walmark

FORTEGRA Financial Corporation

STERIS Instrument Management Services

Innogy SE

Spencer Stuart

CAD Studio s.r.o.

Mars

LGI Denmark Aps

Competition Tier 1

Lakatos, Köves and Partners, which is 'one of the premier full-service Hungarian law firms', is highlighted for its 'excellent industry knowledge, very responsive and good commercial advice'. It's sizeable team includes three multilingual partners - Eszter Ritter, Iván Sólyom and Ádám Máttyus - who are regularly involved in high-profile cartel and abuse of dominance investigations. They are instructed by leading international and domestic clients from the pharmaceutical, financial services and technology sectors. Recent notable mandates included representing Mastercard Europe in cartel litigation pending before the Hungarian Supreme Court and advising Bayer Hungaria on an unfair competition advertisement investigation. Senior associate Adrienn Mándoki is also recommended.

Practice head(s):

Eszter Ritter; Iván Sólyom

Other key lawyers:

Ádám Máttyus; Adrienn Mándoki

Testimonials

‘Lakatos Koves is one of the premier full-service Hungarian law firms with an international background and history, which means that their standards are on pair with larger international outlets operating in London. ’

‘I would highly recommend both Eszter Ritter and Ivan Solyom. They are both seasoned competition lawyers and widely recognised in the Hungarian market. I appreciate their responsiveness and practical and pragmatic advice. ’

‘excellent industry knowledge, very responsive, good commercial advice ’

‘Eszter Ritter – standout. innovative. responsive. commercial’

‘We are extremely grateful to this very professional, very pragmatic and highly effective team for avoiding a formal proceeding by the Hungarian Competition Authority. Thanks to the strategy elaborated by them in a pre-investigation inquiry, the authority decided not to open formal proceedings. They have a kind of understanding of strategic views that go further than only legal analysis.’

‘Eszter Ritter is a splendid lawyer and very easy to work with. She is a strategic and very tactical lawyer. She has an ability to always orientate the analyses towards a practical solution.’

Key clients

Facebook Ireland

VODAFONE

Mastercard Europe SA

Bayer Hungaria

Karlovarské mineralní vodi a.s. („KMV”)

Szentkirályi Ásványvíz Zrt.

Spectrum Brands

LG

Indotek

COLAS S.A.

GE Hungary

Dispute resolution Tier 1

Lakatos, Köves and Partners has recently restructured its disputes department and appointed Balázs Fazakas as its head. He is a qualified ICC arbitrator and an experienced counsel in arbitration, litigation and regulatory investigations.  The sizeable team of multilingual experts includes Péter Lakatos and Péter Köves, who are mandated in disputes arising from the energy, real estate and telecoms sectors, often representing investors in litigation. The team is also well versed in the new rules of Civil Procedure and Investment Protection in Hungary.

Practice head(s):

Balázs Fazakas

Other key lawyers:

Péter Lakatos; Péter Köves

Testimonials

‘LKT manages our NPL portfolio litigation and enforcement proceedings extremely well. We appreciate that understanding and responding our business needs with innovative and practical legal steps and best solution oriented approach in very difficult legal circumstances. They always give us a reliable estimation as to the potential outcome of the matter, including an estimation on the likely working hours and time that will be needed to reach the intended result. This upfront estimation always assists us in making the best available business decision how to approach a legal proceeding.’

‘All that we can say it that the Lakatos team is a professional one and they complete each other in order to help us with all of our requirements.’

Balázs understands our goals and responds amazingly. We feel like he is really interested in reaching the best available success for us in dispute resolution and enforcement proceedings as well. We are also grateful for his honest views on the cases and that he is not afraid to admit when the likelihood of success or effective recovery of any amounts awarded is limited and thus we can address this view in adopting our business strategy accordingly.’

Key clients

TVOT, the industry body of school book distributors

LG

W & Cie SA

MARS Group

Colas Group

Empain-Chaker

JSC ASE EC

Budawest

EIK Ltd.

Mid Europa

Indotek Group

Bachar Najari

Zsolnay Zrt.

Szentkirályi

Flowserve

Projects and energy Tier 1

Lakatos, Köves and Partners is often instructed in high-profile projects relating to infrastructure, mining and nuclear energy. Its client roster includes prominent Hungarian and international investors. The firm has seen a growth in instructions from Russian and Asian companies; recent work included advising Rosatom on the Paks nuclear plant development and acting for CEXIM, the Export-Import Bank of China, on the financing of the construction of the Budapest-Belgrade High Speed Railway. Ádám Máttyus is the key figure for corporate transactions and regulatory advice. Banking specialist John Fenemore and senior associates Tamás Oláh and Kornél Dirner are other notable individuals.

Practice head(s):

Lock Richard; Ádám Máttyus

Other key lawyers:

John Fenemore; Tamás Oláh

Key clients

Soulbrain

Toyo Ink

Stonehill Holdings and IC Campus

ROSATOM / JSC ASE EC (SC Rosatom Group)

Z-Group

Photon Energy

Invitech Solutions Zrt. (“Invitech”)

CEXIM

Goodman Hungary

ING Bank

Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and J.P. Morgan Securities plc (as Joint Lead Managers)

Real estate and construction Tier 1

Lakatos, Köves and Partners' real estate practice is highly active in the Hungarian market, where it acts for clients on prominent asset acquisitions and disposals, particularly in the commercial and logistics sector. It also advises on leases and real estate finance transactions. The multilingual and 'very proactive' team is led by Attila Ungár, who is known for his work on residential development projects, real estate M&A and restructurings. Senior associates Tamás Oláh, Tamás Balogh and Júlia Várkonyi are active in real estate transactions in the retail, office and logistics sectors.

Practice head(s):

Attila Ungár

Other key lawyers:

Tamás Oláh; Tamás Balogh; Júlia Várkonyi

Testimonials

‘Real estate regulation in Hungary is very complex, in our case it was at least. They diligently reviewed all aspects, including taxing and advised the make the deal in an optimal way. They are precise following al the issues and we could work together as a team. They were responsive almost always, and very proactive – especially in the beginning.’

‘The team was specific in real estate issues, and they did it very well. The employee who took the lead was enthusiastic and well prepared for the task, suggested good ideas.’

Key clients

Al Habtoor

Soulbrain

Toyo Ink

GLL Real Estate Partners GmbH

Indotek Group

Care Park

KGAL/Convergence

CEETRUS Hungary Kft

Thermo Fisher Scientific Inc.

Goodman Hungary (currently GLP Partners)

DVM / Horizon Development

Stonehill Holdings / IC Campus

American International School of Business

Aeroflot PJSC

Duna Medical Center Kft

Marriott Hotel Holding GmbH

KMW, Krauss-Maffei Wegmann GmbH & Co. KG

Wienerberger

Arcese

Fatsron Immobilien & HGM // Mattoni Group // Accenture

COVID 19 related real estate assignments – Allianz, Geox, Al Habtoor, GLL, KGAL/Convergence

TMT Tier 1

Lakatos, Köves and Partners fields an 'excellent team' of TMT-focused transactional lawyers with a broad experience handling corporate deals, regulatory compliance and licensing work in online and printed media, radio, TV and cable. The firm has been growing its client base in Asia and its offering in the the field of electric vehicle technology, e-commerce and digital media. Iván Sólyom, who is fluent in Hungarian, English and Italian, and is a key name for M&A transactions and mandates relating to new market entries. Péter Lakatos is an recognised expert in telecoms matters at a Hungarian and wider EU level.

Practice head(s):

Péter Lakatos; Iván Sólyom

Testimonials

‘We highly value the firm’

‘Excellent team with great practice in TMT.’

‘Top legal experts with excellent professional references.’

Key clients

Vodafone

Invitech Solutions

Magyar Telekom (Deutsche Telekom subsidiary)

Soulbrain

Voxbone

Trax Limited

Office Depot

GEOX

Abbott Laboratories

Adaptavics Fédération Internationale de l’Automobile (FIA)

Royal Canin

LG

Data privacy and data protection Tier 2

Lakatos, Köves and Partners has 'excellent knowledge in data protection law' and a good reputation advising local and international corporates on a wide range of data protection and privacy matters. The group is adept at handling audits and data consumer protection matters in relation to  marketing campaigns, product development and the roll-out of new products. Iván Sólyom has a strong following among Italian companies. The practice has also grown its Russian speaking portfolio of corporates with the addition of Alekszej Dubalár, who joined in August 2019 from a position as senior lawyer and data protection officer with the Hungarian Chamber of Agriculture. Péter Homoki is a reputable name for data privacy and IT regulation.

Practice head(s):

Ivan Sólyom; Richard Lock

Other key lawyers:

Alekszej Dubalár; Péter Homoki

Testimonials

‘They were are very diligent, know how to interpret the regulations, even when they are vague. We can ask very specific questions and we get the appropriate answer very soon.’

‘Excellent knowledge in data protection law issues’

‘Peter Homoki, excellent expertise, great to work with, and reliable and responsive.’

Key clients

Vodafone

Three Bond

American International School of Budapest

Mastercard

Mars

Indotek

IQVIA (previously IMS Health)

Szentkirályi Kékkúti Ásványvíz, subsidiary of Karlovarské minerální vody

Employment Tier 2

Lakatos, Köves and Partners' sizeable client base includes companies in the financial services, consumer goods, automotive and logistics sectors. The team provides day-to-day employment support and its recent work has included advice on challenges presented by Covid-19, such as workforce restructurings and wage subsidies. It has also taken an active role in reforming Hungary’s Labour Code to align itself with increased workforce digitisation and effects of Covid. Practice head Éva Bognár is 'very responsive and knowledgeable' and undertakes the full scope of labour law issues.

Practice head(s):

Éva Bognár

Testimonials

‘Excellent response time, attention to detail is outstanding. Breadth of specialists available is a huge strength.’

‘Very quick response time. Practical and accurate advice. Feels like a business partner rather than a service provider, which is important.’

‘It is a full-service law firm, but for me, particular interest is in employment and employment-related tax counselling. The team, which is led by Eva Bognar, is exceptional in its responsiveness and business-oriented advice to clients.’

‘Eva Bognar – very responsive and knowledgeable of the market and current market practices, to the point and reliable advice on Hungarian employment laws.’

Key clients

COLAS SA

Trimble Inc

Ecolab

Flowserve

Soulbrain

MARS Multisales and Manufacturing entities

ARVAL

ThreeBond

American International School of Budapest (AISB)

O-I (Owens Illinois)

Intellectual property Tier 2

Lakatos, Köves and Partners fields an 'excellent team with great practice in intellectual property', which handles the full scope of transactional, brand protection and contentious IP matters. The practice is complemented by the firm's expertise in data protection, TMT and competition law. Iván Sólyom is the key figure.

Practice head(s):

Iván Sólyom

Testimonials

‘Excellent team with great practice in intellectual property. ’

‘Top legal experts with excellent professional references.’

Key clients

Vodafone

Mid-Europa and Waberer’s International Nyrt. (“Waberer’s)

Indotek

LG

Philip Morris international (PMI)

“Foglaljorvost”

Foundation for the Protection of the Traditional Cheese of Cyprus named Halloumi

Mars

Szentkirályi Kékkúti Ásványvíz, subsidiary of Karlovarské minerální vody

Tax Tier 2

Lakatos, Köves and Partners is praised for its 'top-quality service, flawless technical support and continuous commitment'. It is a go-to for international clients, for whom it provides support on tax issues connected with establishing businesses in Hungary, as well as day-to-day operational matters. The group also advises on M&A deal structuring, VAT, investigations and the application of double tax treaties and tax reliefs. Balázs Kántor heads up the practice.

Practice head(s):

Balázs Kántor

Testimonials

‘The tax team of LKT offers a top-quality service, flawless technical support and advice, strong reactivity and continuous commitment.’

Balázs Kántor produces outstanding work and demonstrates very strong commitment. He’s a deep thinker, and has good technical and analytical skills, but does not lose sight of the pragmatic side. The advice he provides is to-the- point and makes sense from a business perspective.’

I worked extensively with Balázs Kántor (counsel of the firm) and found him to be very fast in reacting to the client’s request and always very prepared, precise and responsive.’

‘All the partners, associates I have worked with had a proven business mindset, they are open to look beyond the requirements, and look at the problems in a holistic way.’

Key clients

Soulbrain

Carepark Pty. Ltd.

Trimble

Threebond

Deutsche Bank Hungary

Indotek

GLL Real Estate Partners GmbH

Mid Europa – Waberer’s

Commonwealth Bank of Australia

Bank of Utah

AFO Aircraft (NZ) Ltd.

Avolon

Hong Kong Aviation Capital

Credit Suisse AG

GE Capital Aviation Services (GECAS)

GE Japan Corporation

Accipiter

Aviation Capital Group

BNP Paribas

DVB Bank

Bank of Tokyo Mitsubishi

KfW IPEX-Bank

Industrial and Commercial Bank of China

CCB Leasing

FPG

Air Canada

Citigroup Global Markets Limited

ING Bank N.V.

J.P. Morgan Securities plc

Aeroflot

Adey Innovation Limited

Firm overview: Lakatos, Köves and Partners (LKT) is an independent internationally focused full service commercial law firm based in Budapest. It has a predominantly international client base, offering cutting-edge know-how and matching innovative legal solutions to business needs. The firm has been independent since 2009 having been Clifford Chance’s office in Budapest from 1993 to 2009. LKT’s market standing is reflected in top tier rankings in many areas including banking and finance, capital markets, corporate/M&A, competition, dispute resolution, real estate, and TMT. The firm works with leading law firms from around the world, in relation to their Hungarian activities and issues. LKT is a member of the Budapest Bar Association, International Bar Association, Multilaw, Interlaw, INSOL and the Loan Market Association.

Practice areas: Aviation, banking and finance, capital markets, competition/antitrust, consumer protection, corporate/M&A, dispute resolution, employment, energy, GDPR/IP, life sciences, real estate, tax advisory, telecommunication/media/technology

Main areas of practice
M&A: The firm advises on the full range of M&A transactions, representing foreign investors both in relation to Hungary specific transactions and also regional or global transactions, on which the firm assists in relation to the Hungarian aspects of such deals.

Corporate/regulatory/compliance: The firm advises many corporates, in particular the subsidiaries of international companies on the issues facing them in their operations in Hungary, ranging from general corporate establishment and maintenance through their compliance with all local regulatory requirements (e.g. sectoral regulation, investigations, competition law). Notably active sectors in the firm’s practice are automotive, energy, life sciences and TMT/IT/technology.

Contact: Richard Lock Tel: +36 20 921 5035
Email: richard.lock@lakatoskoves.hu

Contact: Iván Sólyom Tel: +36 20 344 8089
Email: ivan.solyom@lakatoskoves.hu

Banking and finance and capital markets: The firm’s banking and finance practice includes asset financing, structured financing, real estate project, corporate and aviation financing, both on the lender and the borrower side, banking regulation, M&A in the banking sector, banking products, NPL, restructuring, insolvency and banking litigation. Capital market mandates include securitizations, share and bond issuance (including sovereign bonds), complex equity and debt securities offerings, dual-listings, IPOs, derivatives, structured products, structured finance and asset management issues, as well as regulatory matters (Brexit, Prospectus Directive, MiFID, EMIR, etc.)

Contact: Szabolcs Mestyán Tel: +36 20 938 0395
Email: szabolcs.mestyan@lakatoskoves.hu

Contact: John Fenemore Tel: +36 20 921 5034
Email: john.fenemore@lakatoskoves.hu

Competition/antitrust: The firm has longstanding expertise on all types of matters in this area, including merger filings, competition/anti-trust issues, cartel proceedings, abuse of dominant position and representation during investigations by the Hungarian Competition Office and court litigation procedures. LKT’s consumer Law practice is outstanding, including dealing with Unfair Commercial Practices (UCP).

Contact: Iván Sólyom Tel: +36 20 344 8089
Email: ivan.solyom@lakatoskoves.hu

Contact: Eszter Ritter Tel: +36 20 228 2552
Email: eszter.ritter@lakatoskoves.hu

Aviation: LKT has an aviation group, which is unique in Hungary and market leader in the CEE region. LKT acts on aircraft finance, JOLCO transactions, securitisation of aircraft lease receivables, aviation regulatory, financial and operating leases, sale and leaseback transactions, pooling of engines, security interests, insurance and reinsurance liability, litigation and dispute resolution with strong trial capability, repossession of aircraft and tax issues.

Contact: Szabolcs Mestyán Tel: +36 20 938 0395
Email: szabolcs.mestyan@lakatoskoves.hu

Real estate: LKT is a leading real estate firm in Hungary operating with the biggest team including several senior lawyers. The firm advises on the entire spectrum of real estate matters, including acquisition and structuring, construction and development, asset and property management with a special expertise on logistic properties and project development.

Contact: Attila Ungár Tel: +36 20 9725 878
Email: attila.ungar@lakatoskoves.hu

Dispute resolution: LKT successfully represents clients in international arbitration proceedings before the ECHR, ECJ, and ICSID and in litigation proceedings at ordinary courts.

Contact: Balázs Fazakas Tel: +36 20 482 4133
Email: balazs.fazakas@lakatoskoves.hu

Employment: LKT advises clients in relation to employment and executive contracts, pension schemes, employee benefit programs, employment disputes, employment aspects of M&A transactions, works council and trade union relations. We have extensive experience in managing mass redundancy schemes, staff-restructuring and extraordinary dismissals.

Contact: Éva Bognár Tel: +36 1 429 1300
Email: eva.bognar@lakatoskoves.hu

Energy: LKT’s energy practice includes involvement in the full range of energy sources from nuclear through conventional power to renewables, with broad experience in regulatory issues, project development, financing and M&A. In the renewables field, the activities are mainly in solar and thermal projects.

Contact: Ádám Máttyus Tel: +36 20 461 5095
Email: adam.mattyus@lakatoskoves.hu

Contact: Viktória Szilágyi Tel: +36 30 417 7989
Email: viktoria.szilagyi@lakatoskoves.hu

IP/GDPR: Advising in brand protection, trade mark filings, renewals and due diligence, IP litigation and disputes, Tech related matters, GDPR and data protection, including full GDPR audits.

Contact: Iván Sólyom Tel: +36 20 344 8089
Email: ivan.solyom@lakatoskoves.hu

Tax advisory: LKT fully integrates tax advice into its legal work. The tax practice head is a certified tax advisor and a qualified lawyer. LKT’s tax team advises on the full range of tax issues connected to the clients’ businesses, in particular in corporate, real estate and employment matters.

Contact: Balázs Kántor Tel: +36 20 929 4549
Email: balazs.kantor@lakatoskoves.hu

Telecommunication/media/technology: LKT works on ground-breaking transactions in the telecommunications, media and technology sectors in Hungary with a broad base of expertise in regulatory aspects of market liberalization and consolidation, including M&A transactions and frequency tenders. LKT advises on all aspects of telecommunication law, internet and e-commerce (i.e. data protection, M&A, corporate, competition and regulatory).

Contact: Péter Lakatos Tel: +36 20 952 8799
Email: peter.lakatos@lakatoskoves.hu

Contact: Iván Sólyom Tel: +36 20 344 8089
Email: ivan.solyom@lakatoskoves.hu

Managing partner: Dr Péter Lakatos LL.M.
Number of partners: 9; Number of lawyers: 50, including tax advisors
Languages: English, German, French, Italian, Japanese, Chinese, Russian, Hungarian, Romanian, Serbian, Spanish

Department Name Email Telephone
M&A, Corporate/Regulatory/Compliance Richard Lock richard.lock@lakatoskoves.hu +3614291300
Business Development Andrea Spisák andrea.spisak@lakatoskoves.hu +3614291300
Photo Name Position Profile
 Tamás Balogh  photo Tamás Balogh Senior Lawyer
 Éva Bognár  photo Éva Bognár Counsel, Head of Employment
 Péter Köves  photo Péter Köves Senior Partner
 Péter Lakatos  photo Péter Lakatos Managing Partner
 Richard Lock photo Richard Lock Founding Partner
 Ádám Máttyus  photo Ádám Máttyus Partner
 Szabolcs Mestyán  photo Szabolcs Mestyán Partner
 Eszter Ritter photo Eszter Ritter Partner
 Balázs Rokob  photo Balázs Rokob Banking Lawyer
 Iván Sólyom  photo Iván Sólyom Partner
 Attila Ungár  photo Attila Ungár Founding Partner
English
Hungarian
Russian
Romanian
Spanish
Japanese
Chinese
French
German
Serbian

COMPANY/FIRM: Lakatos, Köves & Partners (“LKT”) M&A, TMT and Competition Group (Iván Sólyom)
TESTIMONIAL: “Thank you for all of your hard work – your dedication and responsiveness was very much appreciated during a process which certainly had its challenges” and “cannot tell you how grateful we are for your enormous effort in helping the company reach this point. We put great demands on your team and you responded amazingly”.


COMPANY/FIRM: LKT Competition Group (Eszter Ritter)
TESTIMONIAL: “Yes well done team! Very good news… Thanks for all the hard work on this!”
“Thanks again for having managed this proceeding so well!”


COMPANY/FIRM: LKT Employment Group (Éva Bognár)
TESTIMONIAL: „Eva has been invaluable in assisting us with any and all labor relations challenges that have (or will) face our Budapest facility.”


COMPANY/FIRM: LKT Employment Group (Éva Bognár)
TESTIMONIAL: “We have always appreciated your quick and reliable advice.”


COMPANY/FIRM: LKT M&A and Capital Markets (Péter Lakatos, Pál Rahóty)
TESTIMONIAL: “Thanks again for all your help and support throughout, which has been fantastic. Hope to work with you again on something soon.”


COMPANY/FIRM: LKT
TESTIMONIAL: “Want to thank you for the good cooperation, and your responsiveness and prudent advice.”


COMPANY/FIRM: LKT banking team (Szabolcs Mestyán, Pál Rahóty)
TESTIMONIAL: “Many thanks for making this happen and for the sacrifices made over the last year or so.”


COMPANY/FIRM: LKT (Pál Rahóty)
TESTIMONIAL: “Your assistance in this challenging and complex process has been much appreciated. Quite an intense ride!”


COMPANY/FIRM: LKT (Richard Lock, Pál Rahóty)
TESTIMONIAL: “Words can’t express my gratitude for your effort.”

Péter Lakatos LL.M., Managing Partner

Dr. Péter Lakatos LL.M., Managing Partner of Hungarian leading law firm, Lakatos Köves and Partners (LKT) gives an impression how the firm is combining business solution with an innovative approach and local market knowledge with global expertise adapting to clients’ changing needs.

What do you see as the main points that differentiate LKT from your competitors?

We believe that we occupy a small niche between the international network firms and local firms, and combine the best of each of those groups. Most of us trained in the international firms and work principally for international client and yet we have the flexibility and independence of a local firm and have been established in the local market for as long as anyone.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

We have been expanding for several years and see that continuing, not necessarily specific to particular practice areas. However we anticipate increased demand in a number of areas, for example, in our M&A team with a particular focus on certain sectors e.g. energy, telecoms and healthcare. In finance we anticipate the fallout from the financial distress caused by the pandemic. The amount of work handled by our litigation practice continues to grow. Tax, labour law and consumer protection are also growth areas for us. The drivers behind most of that growth will be a mixture of positive and negative trends in the economy – on the positive side, the continuing attractiveness of Hungary as a relatively low cost base close to the main European markets, in particular for Asian companies as they review their supply chains. On a more negative side the stresses and strains caused by the pandemic and trends such as digitalization will be important.

What’s the main change you’ve made in the firm that will benefit clients?

I would highlight two changes, one specific to our firm and one relevant to all firms but which we believe we have handled well. This specific development is the continuing refinement of our Time Mind practice management system which unlike many such systems is tailored specifically to the needs of law firm. This system is a comprehensive “integrated” system embracing client and BD data base, time recording, document and e-mail management, multicurrency billing, and financial reporting system, which operates on a real time base information. Attesting to its value is the fact that several firms in Hungary and around the region have adopted this system. The more general change is the switch to online working which went extremely smoothly.

Is technology changing the way you interact with your clients, and the services you can provide them?

I generally believe that the tech capabilities determines the competitiveness of all industries nowadays, and the legal business is not exempted from that. Our efficiency and profitability are very much depends on the successful implementation and application of the information technologies in our practice, and it is also a requirement of most of the clients even during the day to day interactions. We must follow the latest trends as well.

Can you give us a practical example of how you have helped a client to add value to their business?

In the last couple of years we have had several examples of introducing clients to transaction, which goes beyond the service normally expected of lawyers. Our creative thinking has often helped our clients find innovative solutions in groundbreaking transactions. Life in Hungary over the last thirty years has been interesting and often challenging, and it certainly continues to be so. Feedback from our clients confirms that our firm is seen as one of the leading law firms in Hungary. Using the knowledge and experience we have gained during the past three decades we look forward to continuing to respond to these challenges and working together with our current and new clients.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

We certainly believe that our clients appreciate our track record and the fact that we have been active in this market on the highest level for many years. Equally I believe our clients appreciate our focus on assisting foreign investors in relation to their investments and activities in Hungary. We see that foreign investment into Hungary is continuing and we aim to be advising those new investors in addition to those already here.