Partos & Noblet in co-operation with Hogan Lovells International LLP > Budapest, Hungary > Firm Profile

Partos & Noblet in co-operation with Hogan Lovells International LLP
GERBEAUD HOUSE
VÖRÖSMARTY TÉR 7/8
1051 BUDAPEST
Hungary

Hungary > Banking, finance and capital markets Tier 2

Sándor Békési leads the ‘very proactive‘ banking team at Partos & Noblet in co-operation with Hogan Lovells International LLP, which maintains a steady pipeline of both lender and borrower-side work. It has seen an increase in instructions on infrastructure and regulatory related matters. The firm is a popular choice for US and Canada-based clients; the team recently advised CES Energy Solutions Corp. on the Hungarian law aspects of their CAD 170m and $50m global financing agreement. Békési also handles a significant number of real estate financing transactions.

Practice head(s):

Sándor Békési

Testimonials

‘The team acts as one, so you can catch up on any topic with any of the individuals as they would always be updated on each aspect of the transaction. The team is also very proactive, always a step ahead of the client, based on a clear understanding of the their requirement.’

‘Sandor is a great friend and strong companion to have on your team. He is skilled in understanding the needs of the client and incorporating these into his works. He is also easily reachable which was especially important for us located on the other side of the globe.’

Key clients

JR AMC

FSCP

Oriens

Magyar Cetelem Zrt.

Intertoll

Canadian Imperial Bank of Commerce

Revetas Capital

Towerbrook Capital Partners

CES Energy Solutions Corp

Vajda Papír

Work highlights

  • Advised JR AMC, a South Korean real estate investment trust on a real estate acquisition finance transaction seeing a major Hungarian commercial bank providing a loan in relation to the financing of JR AMC’s acquisition of the Nordic Light office building in Budapest, Hungary.
  • Advised FSCP on their acquisition of a preferred stock in Barion, a market leader e-money issuer. This matter involved dovetailing complex finance regulatory issues in a market which is developing faster than the applicable regulations.
  • Advised Oriens, seeing a Hungarian bank to provide approx €7m loan for acquisition finance and general corporate purposes in relation to the acquisition of certain Hungarian project companies.

Hungary > Commercial, corporate and M&A Tier 2

Partos & Noblet in co-operation with Hogan Lovells International LLP climbs the ranks by virtue of its diverse commercial practice, cross-border capabilities in the CEE region and its involvement in high-value M&A and private equity. Highlights include advising BioTech USA on its acquisition of Scitec, and its representation of FSCP, a private equity firm specialised in fintech investments, in acquisition of a preferred stock in Barion, a market leader e-money issuer. Sándor Békési has a strong real estate related M&A practice, acting for international investors, such as Korean JR AMC and local players, such as Hungarian developer, WING. He is also increasingly instructed by Canadian investors on assistance setting up structures with Hungarian holding entities. Christopher Noblet is also noted for cross-border M&A and in-bound investments.

Practice head(s):

László Partos; Christopher Noblet; Sándor Békési

Testimonials

‘Great professional knowledge, fast and accurate assistance’

‘Sándor Békési is recommended for his huge professional knowledge’

Key clients

Diligent Corporation

JR AMC

FSCP

Laurentian Bank of Canada

Danube Fund

BioTech USA

IBM

Integral Venture Partners

Work highlights

  • Advising Diligent Corporation on their business setting up in Hungary, including corporate, leasing and employment advice.
  • Advised JR AMC on their debut investment in Central Eastern Europe, being the acquisition of the Nordic Light Trio building from Skanska and also on other potential investments in Hungary.
  • Advising IBM on their global restructuring project, with key transactions in Hungary.

Hungary > Real estate and construction Tier 2

Partos & Noblet in co-operation with Hogan Lovells International LLP's work is centred on areas such as the retail, office and industrial sectors. It operates across the CEE region, particularly in Austria and Slovakia. Sándor Békési has a well-balanced practice that covers sales, purchases and leasing transactions. He also has a strong background in contentious real estate and construction work. Elsewhere, the firm is developing its real estate finance offering, with a steady flow of mandates concerning the financing of commercial and logistics properties. Dual-qualified in the UK and Hungary, Christopher Noblet is the lead partner for international developers, banks and investors on CEE projects.

Practice head(s):

Christopher Noblet; Sándor Békési

Testimonials

‘The team acts as one, so you can catch up on any topic with any of the individuals as they would always be updated on each aspect of the transaction. The team is also very proactive, always a step ahead of the client based on a clear understanding of the client’s requirement.’

‘Sandor is a great friend and strong companion to have on your team. He is skilled in understanding the needs of the client and incorporating these into his works. He is also easily reachable which was especially important for us located on the other side of the globe.’

Key clients

Diligent Corporation

NEPI Rockcastle

Mapletree

JR AMC

AEW

(DWS) Deutsche Asset Management

Wolfgang Puck owned entity

Accelerate Property Fund

Louis Vuitton Malletier

Work highlights

  • Advising Mapletree on leasing matters at its logistics warehousing sits at Batta and Üllő. This mandate has involved negotiating and arranging signing of two leases during the lockdown period.
  • Advised JR AMC on their debut investment in Central Eastern Europe, being the acquisition of the Nordic Light Trio building from Skanska and also on other potential investments in Hungary.
  • Advising AEW’s local entities on leasing and other matters in relation to its office building at Andrássy út 11 and 12.

Hungary > Competition Tier 3

Partos & Noblet in co-operation with Hogan Lovells International LLP's 'highly trained team' covers a broad cross-section of competition work for clients, including merger investigations, cartel cases and compliance matters. Akos Kovách has a strong client following among international companies from a wide range of industries. Senior associate András Multas is another central figure.

Practice head(s):

Ákos Kovách

Other key lawyers:

Testimonials

‘Highly trained, caring and responsive team. It is very pleasant and easy to work with them.’

‘Vast professional knowledge, people-oriented customer relationship’

‘Forward-looking and experienced team.’

‘Ákos Kovách is an experienced competition lawyer and great professional.’

‘Ákos Kovách has thorough knowledge of legislation and case law.’

Key clients

MEDIREX

BioTech USA

Magyar Cetelem

AMC Networks

ContiTech GmbH

Illés Holding

Work highlights

  • Advising Medirex, a Hungarian medical device distributor company in an ongoing court procedure initiated based on the judicial review request submitted against the decision adopted by the Hungarian Competition Authority for alleged restrictive behaviours in public procurement procedures.
  • Advising and representing Continental Group and AFT Group in relation to the merger control proceedings initiated before the HCA for the establishment of a joint venture company. The merger control aspects of the transaction were mainly around the full-functionality criteria of the joint venture which were thoroughly discussed with the authority.
  • Advising and representing Illés Holding (a Hungarian transporting company) in relation to the merger control proceedings initiated before the HCA for the acquisition of sole control over MMV, a rail transport company.

Hungary > Dispute resolution Tier 3

Partos & Noblet in co-operation with Hogan Lovells International LLP continues to expand on the practice built up by name partner and arbitrator, László Partos, who regularly appears before the Monetary and Capital Markets Arbitration and Arbitration Tribunal of the Hungarian Chamber of Industry and Commerce. He specialises in disputes in the capital markets, corporate and telecoms sectors. Partos also leads the firm's anti-corruption and bribery practice. Elsewhere, Sándor Békési was added to the roll of arbitrators of Arbitration Court attached to the Hungarian Chamber of Commerce and Industry from February 2021. He is noted for his representation of Hungarian and international clients operating in the infrastructure and projects space in high-value litigation and arbitration.

Practice head(s):

László Partos; Sándor Békési

Testimonials

‘We have engaged Partos & Noblet to represent us in arbitration proceedings. They showed good knowledge of arbitration processes.’

Key clients

Alstom Transport

GE Power

Edenred

Dan Cake

Vajda Papír

STRABAG

Aviagen

TI Automotive

NEPI

DWS

Work highlights

  • Advising Edenred on the Hungarian law aspects of the investment arbitration proceedings initiated by Edenred against Hungary before the International Centre for the Settlement of Investment Disputes (ICSID).
  • Advising Vajda Papír Kftin on an alleged trade mark infringement before the Budapest Metropolitan Court.
  • Representing Aviagen in a commercial litigation matter against a Hungarian food production company.

Hungary > TMT Tier 3

Partos & Noblet in co-operation with Hogan Lovells International LLP works with major TMT market players, such as AMC, TATA Communications and Radio Free Europe on the negotiation of commercial contracts, sale agreements and regulatory and licensing issues. Name partner László Partos is the key contact.

Practice head(s):

László Partos

Testimonials

‘Full-service law firm with high-quality experts, and capabilities in local and international support.’

‘Customer-focused team with dedicated management and international reach.’

Key clients

Radio Free Europe (RFE/RL)

AMC Networks CE

TATA Communications

Capture Group

Work highlights

  • Continue to advise Capture Group on its international expansion, including setting up joint ventures and affiliates.
  • Advising AMC on various TMT corporate and regulatory matters both in Hungary and in CEE on a regular basis.
  • Advising TATA Communications on TMT regulatory matters in Hungary on a continuous basis.
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The firm: Change is happening faster than ever, and legal challenges come from all directions. To stay ahead, organisations need to anticipate what’s next. Hogan Lovells understands this and works together with its clients to solve the toughest legal issues in major industries and commercial centres around the world. With 2,500 lawyers on six continents, Hogan Lovells offers extensive experience and insights gained from working in some of the world’s most complex legal environments and markets for corporations, financial institutions and governments. The firm provides practical legal solutions that help clients identify and mitigate risk and make the most of opportunities.

Whether a client is expanding into new markets, considering capital from new sources, or dealing with increasingly complex regulation or disputes, Hogan Lovells can help.

The firm’s lawyers are straight-talking. They understand and solve the problem before it becomes one. And they deliver clear and practical advice that gets the job done.

A fast-changing and interconnected world requires fresh thinking combined with proven experience. That’s what Hogan Lovells provides. Progress starts with ideas. And while imagination helps at every level, the firm’s legal solutions are aligned with each client’s business strategy. The firm’s experience in cross-border and emerging economies gives it the market perspective to be the global partner of choice for its clients. The team at Hogan Lovells brings a diverse variety of backgrounds and experience which delivers a broader perspective. This ultimately makes for more rounded thinking and better answers for clients. Giving back to communities and society is fundamental to good business. And, it’s part of the firm’s core. Everyone at Hogan Lovells is asked to volunteer at least 25 hours a year as part of their normal work duties.

Budapest office: Hogan Lovells is represented in Hungary by associated office Partos & Noblet, which works in close co-operation with the firm. The Budapest team includes lawyers and legal advisors from Hungary and the UK, who draw on a deep knowledge of the Hungarian legal system and the characteristics of the local market.

The multilingual lawyers work closely with colleagues in central and eastern Europe, the US and Asia. They provide legal advice to a wide range of Hungarian and international financial institutions, real estate developers and investment funds, private equity funds, and clients in the media and telecommunications sectors.

DepartmentNameEmailTelephone
Antitrust and competition
Capital markets
Employment
Litigation
Financial institutions
Mergers and acquisitions
Private equity
Real estate
Insurance
TMT
PhotoNamePositionProfile
Ákos Kovách photo Ákos KováchCounsel
Christopher Noblet photo Christopher NobletAssociated Partner
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