HP Legal | Hajdu & Partners > Budapest, Hungary > Firm Profile
HP Legal | Hajdu & Partners Offices
PAULER U 11
1013 BUDAPEST
Hungary
HP Legal | Hajdu & Partners > The Legal 500 Rankings
Hungary > Banking, finance and capital markets Tier 3
Boutique firm HP Legal | Hajdu & Partners is active in the gamut of banking and finance transactions, including those involving syndicated and bilateral lending, corporate finance and acquisition finance. It is also instructed by Hungarian banks and CEE entities on the financing of real estate development projects. Laszlo Hajdu is 'an outstanding and experienced lawyer', who is distinguished for his work on the financing of large-scale development projects in the real estate and energy sectors. Réka Versics's practice is focused on real estate finance, particularly in the commercial and retail sectors.Practice head(s):
Laszlo Hajdu; Réka Versics
Testimonials
‘Dr. László Hajdu, partner, is an outstanding and experienced lawyer with always up-to date knowledge of law. Despite his top position he is actively managing transactions, negotiates, prepares documentations and is always ready to discuss any issues that arise. He is very supportive, examines issues thoroughly and advises on the best solutions from client perspective. He is a great partner to cooperate with.’
‘HP Legal is one of the smaller firms in Budapest, however, the team has significant domestic and international experience, even prior experience in Budapest-based international law firms. Being among the smaller firms however, is rather their advantage, this keeps their relationship with clients on a much closer/tighter basis. There is great cooperation within their team.’
‘Even though they are a small boutique legal firm, they still have live connections to other (international) practices, so their advice is very useful in international trancastions too.’
‘HPL at all times deliver professional legal documentation (prepared by skilled and senior lawyers, not left for the juniors…), have good client relationship and excellent, responsive communication, deadlines very well kept.’
‘They truly care for us as a partner. We receive professional, caring and attentive treatment.’
Key clients
Takarékbank
Property Market Development Ltd
CIB Bank (subsidiary of Intesa San Paolo)
Market Asset Management Ltd
JP Morgan
Goldman Sachs
KBC
BNP Paribas
K&H Bank (Hungarian subsidiary of KBC)
OTP Bank Plc
Unicredit Bank
Raiffeisen Bank
Hungarian EXIMBANK
Hungarian Development Bank
Barclays
Work highlights
- Advised the syndicate of banks arranged by OTP and Hungarian Development Bank on a multimillion-dollar bank guarantee credit facility provided to the development of a major Hungarian railway infrastructure project implemented by a Hungarian borrower. It was the single most significant bank guarantee credit facility granted to a Hungarian borrower in Hungary in 2020.
- Advised Property Market Development Ltd. as borrower in relation to a project finance credit facility of €30m for the financing of its real estate developments in Kopaszi Gat, Budapest, Hungary granted by Hungarian Development Bank and Takarekbank Ltd.
- Advised CIB Bank Ltd. (Hungarian subsidiary of Intesa San Paolo) as lender on the financing of the acquisition of the Greenergy Group (a group of companies operating a large scale renewable energy portfolio) by a Hungarian sponsor from a US seller.
Hungary > Projects and energy Tier 3
HP Legal | Hajdu & Partners' energy practice is led by Laszlo Hajdu, who is ‘a leading expert in banking and finance’ and has a strong track record advising Hungarian lenders and borrowers on acquisition and development finance of renewable energy sites, solar parks plants and greenfield investments. Notable mandates included advising the Hungarian Development Bank as lender on a project finance credit facility of circa €25m for the financing of a solar power plant project of a Hungarian borrower. Real estate finance specialist Réka Versics is another key figure.Practice head(s):
Laszlo Hajdu; Réka Versics
Testimonials
‘HP Legal has an experienced and client-oriented team with a practical and business-focused mindset. They have extraordinary knowledge and expertise in banking and finance and they are very flexible and reliable problem solvers. Laszlo Hajdu and Reka Versics have great expertise in greenfield projects and their whole team owns their prompt and responsive work ethic.’
‘Laszlo Hajdu is a highly capable, excellent lawyer with impressive expertise in banking and finance deals as well as the Hungarian market. He is one of the leading individuals in banking and finance law.’
‘Reka Versics is an experienced, highly-skilled, pragmatic lawyer, her legal knowledge is combined with out of the box thinking. She is a young female partner, a rising star in banking and finance, as well as in project finance and acquisition finance. She is one of the most talented lawyers of her generation.’
‘HP Legal is a team of excellent, highly skilled lawyers with a strong business spirit. Their legal advice is always of the highest level of quality. I trust them to provide the best legal solution for any business matters.’
‘Laszlo Hajdu is a leading expert in banking and finance. He is an efficient and responsive partner with a very good understanding of business issues.
‘Reka Versics is a lawyer of great expertise with a pragmatic, commercial approach.’
Key clients
Takarékbank
Property Market Development Ltd
K&H Bank
OTP Bank Plc
Unicredit Bank
Raiffeisen Bank
Hungarian EXIMBANK
Hungarian Development Bank
International Investment Bank
Futureal Real Estate Development Fund
Cordia Real Estate Development Fund
Work highlights
- Advised the syndicate of banks arranged by OTP and Hungarian Development Bank on a multimillion-dollar bank guarantee credit facility provided to the development of a major Hungarian railway infrastructure project implemented by a Hungarian borrower.
- Advised Property Market Development Ltd. as borrower in relation to a project finance credit facility of €30m for the financing of its real estate developments in Kopaszi Gat, Budapest, Hungary granted by Hungarian Development Bank and Takarekbank Ltd.
- Advised Hungarian Development Bank (MFB Magyar Fejlesztési Bank) as lender in relation to a project finance credit facility of approx. €25m for the financing of a solar power plant project of a Hungarian borrower
HP Legal | Hajdu & Partners > Firm Profile
HP Legal is an independent Hungarian business law advisory powerhouse.
Strategic advice: We are both lawyers and businessmen. We know what is required to conclude, maintain and operate a successful business. Therefore, beyond legal advice, we can assist our clients in making their strategic business decisions. As a result of the combination of legal and strategic advice our clients consider us being their trusted advisers whereby we are able to contribute to their business success.
‘Bespoke tailoring’: Each transaction has unique features. We do not stick to templates and standards if the given transaction or the parties require the application of bespoke legal and business structures. We have completed many transactions successfully in our practice due to the fact that we applied unique and bespoke structures.
Creativity and innovation: The application of bespoke structures require creative and innovative thinking. We are committed to combine various legal concepts if we are confident about their validity and enforceability and, in addition, the legal risks associated with those combinations are manageable from our clients’ perspectives.
Solutions: Making a successful business is all about delivering solutions. We are specialised in the delivery of solutions. Our clients engage us in order to deliver solutions for the problems which may arise during a transaction. Consequently, we do not only identify the problem, but simultaneously deliver the solution.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Banking and project finance, M&A | Dr László Hajdu | ||
| Banking and project finance, M&A | Dr Réka Versics | ||
| M&A | Steven Conybeare | ||
| Employment, Real estate | Dr Margit Balogh | ||
| Litigation, Competition law | Dr Dániel Kaszás |
Staff Figures
Number of lawyers : 8Languages
English Hungarian GermanInternational Capabilities
We have established long term relationship with major international law firms located in key financial and commercial centres including New York, London, Frankfurt and Vienna. We closely work with these firms on best friend basis so that whenever they need Hungarian legal advice and assistance in a cross-border transaction involving Hungary they will be able to refer conflict free advisors to their clients.
Conversely, when our clients intend to make deals in any country of the world, we are able to find highly qualified local legal service providers for them through our best friend firms. In addition, we regularly meet our best friend colleagues in order to exchange our views on market trends and developments which gives us in-depth insight into the future of legal business.
We are part of New Circle which is a non-exclusive international network of leading law firms enabling us to deliver global legal services to our clients wherever and whenever required. Our network covers major European jurisdictions (Czech Republic, France, Germany, Hungary, Italy, Luxembourg, the Netherlands, Poland, the Slovak Republic and Spain) and key markets in Asia (in other jurisdictions we have close working relationships with other distinguished firms).
Our network was formed at the initiative of members who formerly worked together at international law firms. Our shared experience in working closely together on a multitude of high-profile multi-jurisdictional transactions and disputes enables us to provide our clients with consistent high quality legal advice across different jurisdictions.
Cut to the same standards, we share the same values, business culture and approach to our clients’ needs, and tackle their most challenging legal issues in a pragmatic and commercially focused manner.
Client Testimonials
CLIENT:
COMPANY/FIRM:
TESTIMONIAL: Client-oriented, always reachable, they answer the phone immediately, proactive, high value-added suggestions and solutions, even in business issues. Always meet deadlines in a very high quality. A very good client experience.
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COMPANY/FIRM:
TESTIMONIAL: Extremely professional, great knowledge of local law and international experience, proactive and responsive.
CLIENT:
COMPANY/FIRM:
TESTIMONIAL: When you work with this team you know that you will get the partners, who have good networks and able to handle serious business.
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TESTIMONIAL: A broad professional insight. A specialist in lending and securities documentation.
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TESTIMONIAL: Commercial awareness, flexibility and pragmatism.
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TESTIMONIAL: Outstanding knowledge and track record. Quick-minded and quick to answer problems.
- Banking, finance and capital markets
- Projects and energy