DLA Piper Posztl, Nemescsói, Györfi-Tóth and Partners Law Firm in cooperation with DLA Piper UK LLP > Budapest, Hungary > Firm Profile

DLA Piper Posztl, Nemescsói, Györfi-Tóth and Partners Law Firm in cooperation with DLA Piper UK LLP
CSÖRSZ UTCA 49-51
H-1124 BUDAPEST
Hungary

Hungary > Banking, finance and capital markets Tier 1

DLA Piper‘s first-rate reputation is underpinned by its team’s breadth of expertise across the full range of finance transactions. Its transactional work ranges in scope from sovereign export credit facilities to bond and restructuring deals. The practice has also steadily grown its share of trade finance and corporate finance work, and has also increased its market exposure in the debt capital markets arena. Key lawyers in the sizeable team include practice head Péter Györfi-Tóth and Gábor Borbély, who maintains a strong reputation in high-value development and export finance mandates, real estate acquisition finance transactions and restructuring. Counsel Attila Sári advises on acquisition finance, general corporate lending and project finance, while senior associate Barbara Császár mainly advises in cross-border finance matters, as well as real estate financing transactions. The capital markets practice is jointly led by András Nemescsói and Gábor Molnár, who works with Budapest Stock Exchange and the Hungarian regulator on reform proposals aimed at streamlining the Hungarian capital markets transactional legal framework.

Practice head(s):

Péter Györfi-Tóth; András Nemescsói; Gábor Molnár

Testimonials

‘Strong individuals working in a good team, outstanding professionalism and organizing capabilities.’

‘Advanced thinking, know the clients’ needs, easy to understand explanations.’

Key clients

UniCredit Bank Hungary Zrt.

MFB Zrt.

Equilor

MKB Bank Nyrt., Takarékbank Zrt., and Budapest Bank Zrt.

WABERER’S INTERNATIONAL Nyrt.

Garantiqa Hitelgarancia Zrt.

Work highlights

  • Advised Hungarian Development Bank (MFB) in relation to its Eurobond issue guaranteed by Hungary on the basis of a statutory absolute suretyship.
  • Advised UniCredit Bank Hungary Zrt., UniCredit Bank AG, London Branch, UniCredit SpA, and others, on syndicated cross-border real estate development and EUR 150m investment financing of ETELE Plaza.
  • Advising Waberer’s International as borrower relating to the restructuring transaction that involved, among others, the refinancing of its certain existing credit facilities and the making available of an additional working capital financing facility by a four local bank syndicate.

Hungary > Commercial, corporate and M&A Tier 1

The Budapest office of DLA Piper benefits from the firm’s global footprint and ties with teams across the CEE and European offices in handling a wide range of pan-European M&A mandates. Highlights included the firm acting for Finland-based Teknikum Yhtiöt Oy on its acquisition of a 49.5%% stake (in addition to an existing 50.5% stake) in T-PLASZTIK Kft. It also advised Tresorit on its sale to Post CH Kommunikation through an auction process. Gábor Molnár spearheads the sizeable team, which includes managing partner András PosztlGábor Hollós and counsel Péter Szajlai.

Practice head(s):

Gábor Molnár

Other key lawyers:

András Posztl; Gábor Hollós; Péter Szajlai; Gábor Spitz; Blanka Börzsönyi; Bíborka Jójárt; Eszter Fodor

Testimonials

‘Gábor Molnár is an extremely experienced and calm negotiator.’

Key clients

Budapest Bank

MKB Bank

Takarekbank

Csillag Csemege Kft.

Airbus Helicopters

Waterlogic Kft.

TMH Hungary Invest Zrt.

Teknikum Yhtiöt Oy

Polhem Infra KB

Work highlights

  • Advising the owners of Budapest Bank, MKB Bank and Takarékbank as central transactional legal advisor on the merger of the three banking group.
  • Supported Airbus Helicopters on a number of workstreams, such as transactional and corporate law structuring, state aid, regulatory matters, property acquisition and development.
  • Advised Stillfront Group, a global group of gaming studios, on its acquisition of Nanobit for over $100m. Nanobit is a leading developer and publisher of mobile games based in Zagreb, Croatia, which focuses on narrative role playing games (RPG).

Hungary > Competition Tier 1

DLA Piper‘s competition law practice is a core part of the work undertaken by the litigation and regulatory group, which is led by András Nemescsói. It provides full service support to clients on their most complex and strategically-significant issues. Areas of expertise include merger control, behavioural investigations, state aid matters and competition compliance advice. Nemescsói works with senior associate Péter Virág, a Hungarian and EU competition law specialist who has expertise in cartel cases and antitrust proceedings, merger clearance, unfair commercial practices and state aid matters. Clients hailing from the TMT, energy and consumer goods sectors are particularly well-represented. In early 2022, the practice recruited  Gábor Fejes and Zoltán Marosi from Oppenheim Ugyvedi Iroda, to lead its growing competition practice.

Practice head(s):

Gábor Fejes; Zoltán Marosi

Testimonials

‘Good team, fair billing. What exceeded our expectations was the availability to work during the weekend or after working hours due to the urgency of the matter.’

‘Peter Virag – very calm and available all the time. Incredible ability to find precedents of the competition authority.’

‘The team is commercially focussed, well understands the commercial context of our operation and is able to build in the commercial aspects into its advice.’

‘Professionalism. Good atmosphere. Kind people.’

‘Giving proper advice on time. Commercial approach.’

Key clients

Budapest Bank

MKB Bank

Takarekbank

BorsodChem Zrt.

Dante International SA

Extreme Digital-eMAG Kft.

The Hut Group Limited

Work highlights

  • Advised Dante International SA/ Extreme Digital-eMAG Kft. in the investigation initiated by the Hungarian Competition Authority in connection with its Black Friday promotional campaign conducted in November 2018. The investigation was based on the allegation that the Company infringed the Hungarian Unfair Commercial Practices Act.
  • Representing BorsodChem, one of the leading producers of MDI, TDI, PVC resin and chlor-alkali chemicals in Europe before the Hungarian Competition Authority in a merger clearance procedure in the matter of the acquisition of Alteo Nyrt.’s 100 % quota in BC-Therm Kft.
  • Providing state aid advice to Hiventures Kockázati Tőkealap-kezelő Zrt. (Hiventures Venture Capital Fund Management Ltd.) member of the MFB Group for setting up the capital funds in order to help undertakings hit by the COVID-19.

Hungary > Dispute resolution Tier 1

DLA Piper‘s ‘excellent courtroom lawyers’ possess ‘exceptional knowledge of civil procedure’. Highly regarded for its commercial arbitration practice, the group is increasing its visibility in construction, pharmaceutical and investment treaty arbitration cases. Elsewhere, the firm has a market-leading gambling disputes practice. Its highly accomplished practice comprises of András Nemescsói and Dávid Kőhegyi, designated arbitrators on the ICSID Panel of Arbitrators as Hungary’s appointees. Head of disputes and ‘prominent litigator’ Viktor Radics represented a major gambling company in four sets of litigations against the Hungarian Gambling Authority, challenging the monopoly of the Hungarian state owned operator, Szerencsejáték Zrt. in online sports betting on a EU law basis.

Practice head(s):

Viktor Radics

Testimonials

‘The team is very competent in relevant subjects, professional in communication, and knowledgeable in navigating the legal landscape.’

‘Mr. Viktor Radics is a brilliant professional who is very experienced, responsible, and easy to work with. He is really multifaceted, combining sharp intelligence, strong expertise in the field of dispute resolution and an impressive command of self-control in difficult situations.’

‘We appreciate that they can easily translate very difficult problems to very simple solutions and always see the problem from every angle. We highly recommend them for their very creative thinking and problem solving.’

‘Well established team with relevant experience from a wide variety of different practices.’

‘One of the leading dispute resolution practices in Budapest, reliably delivering excellent results in court cases.’

‘Excellent courtroom lawyers, exceptional knowledge of civil procedure.’

Key clients

The Minister Without Portfolio Responsible For Managing National Wealth (former Ministry of National Development)

Nabriva Therapeutics

Ministry of Agriculture and Rural Development/Agency for the Administration of the National Land Fund

Generál Építő Zrt.

Pfizer Gyógyszerkereskedelmi Kft.

Tigáz Zrt.

Flaga

GVC Holdings

Work highlights

  • Represented the Minister Without Portfolio Responsible For Managing National Wealth (former Ministry of National Development) in ICSID arbitration (Mazen al Ramahi v. Hungary) concerning a claim by a Jordanian investor. Mr. Al Ramahi alleges that Hungary denied justice to and expropriated his investment in the hotel industry through certain actions by the government during the course of a bankruptcy proceeding launched against Mr. Al Ramahi’s business by a third party.
  • Defended Nabriva Therapeutics against a Hungarian National Drug Administration ruling, following 3 fatalities which occurred at a local Hungarian pulmonology hospital which also served as one of the Hungarian study sites of a global pre-marketing study of Lefamulin a new antibiotics to be marketed globally by Nabriva.
  • Representing Pfizer in a litigation where the side effects of Champix, a smoking cessation medicine is investigated. The claimant argues that he suffered major recurrent depression as side effect and his personal and professional life collapsed and claims damages on that basis.

Hungary > Projects and energy Tier 1

DLA Piper‘s multidisciplinary team draws upon the expertise of practitioners active in areas such as energy, projects, M&A and project finance.  The group acts for clients on a wide variety of matters, such as solar and nuclear power plant developments, electricity and natural gas trading and transmission/distribution, electric vehicle charging services, public infrastructure projects and waste management. The firm is acting for Russia-based Rosatom group on the construction of two new nuclear power plant blocks in Paks. Péter Györfi-Tóth has over 20 years of experience advising various market players on infrastructure development, energy law, projects and finance, state regulatory legal issues and energy disputes. András Posztl and Gábor Simon are also highly regarded energy specialists. Counsel Miklós Horváth specialises in the finance, structuring and development of large infrastructure projects.

Practice head(s):

Péter Györfi-Tóth; Gábor Simon

Other key lawyers:

András Posztl; Miklós Horváth

Testimonials

‘DLA Piper is a well known and appreciated law office in Hungary, sizeable group of staff and they cover some non-core areas as well.’

Key clients

Airbus Helicopters

HUPX Ltd. / CEEGEX Ltd.

MVM Hungarian Electricity Private Limited Company

MVM Ltd.

MET Renewables Holding AG

ROATEX Ltd.

Joint-Stock Company Nizhny Novgorod Engineering Company Atomenergoproekt (Rosatom group)

 

Work highlights

  • Advising Airbus Helicopters on matters arising from a joint venture to set up a new aerospace enterprise in Gyula, Hungary. Advised on numerous areas, including transactional and corporate law structuring, state aid, regulatory matters,  and development of a production facility as part of a greenfield aerospace complex.
  • Advising HUPX Hungarian Power Exchange Company Limited and CEEGEX Central Eastern European Gas Exchange Ltd. as their legal advisor in connection with their daily operation and cross-border matters.
  • Advised the state-owned MVM Group relating to the purchase of four SPVs operating solar power plants in the areas of Söjtör, Kőszeg, Vép and Csepreg with a total built-in capacity of 16.34 MW.

Hungary > Tax Tier 1

DLA Piper has top-notch expertise in Hungarian and international tax and customs law, with renowned capabilities in tax planning, tax and customs litigation and transactional tax matters. Tax litigation is also an area of strength for the team, which has particular experience of advising clients in sectors such as technology, real estate, energy and automotive. The practice is jointly led by Ákos Becher and Levente TormaBalázs Sőth is experienced in tax audits and disputes and is currently representing a client before the Supreme Court of Hungary, where he previously successfully challenged the Hungarian tax authority. Péter Király leads the transfer pricing offering.

Practice head(s):

Ákos Becher; Levente Torma

Other key lawyers:

Key clients

Lear Corporation Kft.

BorsodChem Zrt.

MFB Bank

Burberry Limited

Work highlights

  • Advised the Lear Corporation Hungary Autóipari Gyártó Kft.  on the process of claiming interest on delayed value added tax refunds. The scope includes the representation of the client in front of the tax authority and the court.
  • Assistance to MFB Bank in taxation related matters regarding the note issuance of MFB focusing on withholding tax related matters.
  • Assisted Burberry Ltd with its data reporting obligation in tax investigation carried out by the tax authority.

Hungary > TMT Tier 1

DLA Piper is renowned for its expertise in all aspects of film and television production, with it often working with major film and TV studios in Hollywood on matters spanning the CEE region and the UK. Its work in this space includes financing, production structuring, contract drafting, broadcasting regulations, licensing and service agreements. The firm also has a notable portfolio of clients in the online commerce, IT services, telecoms, software and gaming and entertainment industries. Mónika Horváth is a leading expert in media law and is the preeminent lawyer for film production. As an expert in IT and IP related commercial transactions, she regularly acts for major technology companies, online retailers, software developers and production studios. Recently promoted partner Zoltán Kozma heads up the technology, privacy and data protection practice, advising on general commercial matters, e-commerce, licensing, distribution and franchise. Senior associate Mariann Rajnai is another key adviser.

Practice head(s):

Mónika Horváth; Zoltan Kozma

Other key lawyers:

Testimonials

‘Monika Horvath leads a very strong team, which is incredibly knowledgeable about the Hungarian film and TV sector.’

‘Monika Horvath leads the practice and is well known and highly regarded. She is very knowledgeable about the sector, and offers clear commercial advice.’

Key clients

Knackered Productions Limited UK

Shadow Films Kft

Amazon Content Services LLC

Pioneer Stillking Birds Kft

Marlais Productions Limited

Pioneer Stillking B2 Kft

Harris Squared Kft

1440 Productions UK Ltd.

CP Film Productions Ltd.

VMD Kórházi Technológiai Zrt.

Borderlands Productions, LLC.

Maroon Films Kft

Massive Talent Productions, Inc.

Gold Films Kft

About You GmbH

Work highlights

  • Advising Knackered Productions Limited UK producer (Netflix company) and Shadow Films Kft (Mid Atlantic Films company) as Hungarian legal counsel on the production of a Netflix original series currently entitled “Shadow and Bone”.
  • Advising Amazon Content Services LLC US producer / Pioneer Stillking Birds Kft a Pioneer Stillking Films company as Hungarian legal counsel on the production of a feature film currently entitled “Birds of Paradise”.
  • Advising a Hungarian state-owned company in connection with a complex IT-related procurement transaction.

Hungary > Employment Tier 2

DLA Piper‘s employment team is able to leverage being part of an extensive international network, as well as the strength of its Budapest corporate practice, to handle the cross-border employment aspects of acquisitions and corporate restructurings. It has a notable list of clients in the aviation, manufacturing, IT, retail and consumer goods sectors, including Emirates, WIZZ Air and the Zara/Inditex Group. Helga Fehér spearheads the practice. Another key individual is senior associate Dóra Bocskov-Szabó, who is a key adviser on termination cases, internal HR policies, contract drafting and data protection, as well as employment litigation.

Practice head(s):

Helga Fehér

Other key lawyers:

Testimonials

‘Excellent support for multinational companies. Good understanding of cultural differences.’

‘Helga is excellent to work with. Her advice is timely and relevant to our industry.’

‘They are delivering excellent legal services of high quality.’

‘I enjoyed working together with senior associate Dora Bocskov-Szabo. She is always reachable and delivers high-quality legal advice within a very acceptable time frame.’

Key clients

Magyar Bankholding Zrt.

Cognizant

Wizz Air

AmRest

Emirates

Revolut

JATO

Arconic-Köfém Mill Products

Work highlights

  • Advising Wizz Air on all employment law issues in connection with Covid-19, including coordination throughout the entire network, which includes 15 core jurisdictions.
  • Provide regular day-to-day employment and labour law-related advice to AmRest Hungary including termination questions, drafting of termination documents, working time scheduling and immigration-related questions.
  • Advised the owners of Budapest Bank, MKB Bank and Takarekbank on the employment aspects of the merger of the three banking group.

Hungary > Real estate and construction Tier 2

DLA Piper has a well-established reputation for advising developers, investors and real estate investment funds on the full spectrum of contentious and non-contentious real estate matters. Practice head Szilárd Kui specialises in acquisitions, divestments, planning and zoning and leasing matters. Bettina Boncok assists with commercial leasing, zoning and construction issues.

Practice head(s):

Szilard Kui

Other key lawyers:

Bettina Boncok

Testimonials

‘Very good knowledge of the market and market standards.’

‘Szilard Kui – very good quality of work, always available, partner with great drive and always doing extra work for the client’

‘Professionalism, delivers good advice and spot-on analysis. Wide range of areas of expertise.’

Key clients

HB Reavis

Optima

Wing

GTC

Bristol Myers Squibb

Equilor Asset Management

Optimum Asset Management

Arcadia Asset Management

Avoris

Levi Strauss & Co

Work highlights

  • Advised HB Reavis in relation to negotiating a lease agreement for the Hungarian HQ of Huawei.
  • Advising GTC, a leading developer and asset manager in Central and Eastern Europe, on the acquisition of the Váci Greens D office building in Budapest.
  • Advising Optima on the sale of the 40.60% shareholding in its Budapest development project, located on the Váci Road office corridor, to the Chi Fu Investment Group.

Hungary > Data privacy and data protection Tier 3

Newly-promoted partner Zoltán Kozma, who leads the data protection practice at DLA Piper, ‘delivers great value to the client’ and has a ‘business-focused mindset’. Working with associate Eszter Viktória Varga, they both demonstrate a ‘good understanding of the market and data protection issues‘.  Fully integrated into the TMT department, the practice often takes an IT and IP angle in relation to data protection law, advising on matters such as notification and consent issues, individual right requests, as well as data transfer agreements and cyber security.

Practice head(s):

Zoltán Kozma

Other key lawyers:

Testimonials

‘I have worked with Zoltán Kozma and Eszter Varga on data protection assignment and they form an excellent team. They have a good understanding of the market and data protection issues.’

‘Zoltán has a business focused mindset and delivers great value to clients. He is very professional in communicating their advice and finds the right way and balance between pleasing clients with their advice, but not being hesitant to communicate the do nots. I like the way how they allocate their resources and their pricing is transparent.’

Key clients

Cognizant Technology Solutions Hungary Kft.

Rolls Royce Plc.

Reckitt Benckiser (RB) plc.

Wizz Air Hungary Zrt.

Arconic-Köfém Mill Products Kft.

Work highlights

  • Advising a UK-based auction house client in connection with Data Subject Access Right (DSAR) matters. The firm is also representing the client in authority proceedings and data protection litigation initiated in Hungary by data subjects.
  • Advising Wizz Air Hungary on implementation of a GDPR compliance program, including across partner airlines, business units and loyalty schemes.
  • Continuing to provide full service legal advice in all data protection matters to Cognizant in Hungary.

Hungary > Intellectual property Tier 3

DLA Piper‘s practice is led by Mónika Horváth, who is ‘a source of confidence and efficiency in complex, fast-paced transactions’. The department is best known for its work in the film production sphere, with Horváth being noted as one of Hungary’s top film sector specialists; she specialises in IP-focused film production transactions and brand protection work, including trade marks infringement litigation. Zoltán Kozma, who made partner in 2021, heads up the TMT practice and is the main figure for data protection advice and litigation.

Practice head(s):

Mónika Horváth

Other key lawyers:

Testimonials

‘We have a perfect cooperation with DLA, no question about it.’

‘All the colleagues we have worked with at DLA are very competent, work fast and do a thorough job. Monika Horvath and her very skilled colleagues have given detailed answers on even quite unusual questions.’

‘Fast, actionable, comprehensive counsel on a wide variety of issues relating to the production of media projects.’

‘Monika Horvath and her team consistently provide valuable counsel and work product to our Hungary-based productions. In particular, Monika is a source of confidence and efficiency in complex, fast-paced transactions.’

Key clients

Ty Inc.

Pioneer Stillking Birds Kft / Amazon Content Services LLC

Unipie APP Kft.

Bernard Matthews Foods Limited

Harris Squared Kft

1440 Productions UK Ltd.

CP Film Productions Ltd.

Hi Hat Films Kft

Borderlands Productions, LLC. US

Maroon Films Kft

Massive Talent Productions, Inc. US

Gold Films Kft

Work highlights

  • Acted as Hungarian legal counsel to the Hungarian co-producer, Harris Squared Kft, in respect of “Mrs Harris goes to Paris” is a UK-Hungarian co-production by UK-based ADA Films, and the client. Assisted with the structuring and financing of the project.
  • Advising Pioneer Stillking Birds Kft, on copyright clearance for various artworks and other copyright protected materials (e.g. performance, choreography, dress plans, etc) used for filming  the Hungarian scenes of the picture provisionally entitled “Birds of Paradise”, and produced by Amazon.
  • Advising Ty, Spin Master in connection with infringement of registered community design of toy products available legal remedies in Hungary. Representing the client against infringing companies in Hungary.

Global co-chairs: Roger Meltzer and Andrew Darwin
Co-chief executive officers: Simon Levine and Cameron Jay Rains
Number of partners: 1,500
Number of lawyers: 5,000
Languages: The firm speaks over 60 languages
Offices: Lawyers located in more than 60 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific.

Please see https://www.dlapiper.com for further information about the firm.


 

At DLA Piper we are firmly committed to diversity and inclusion. For us, diversity isn’t just about visible differences, it’s the unique blend of talents, skills, experiences and perspectives that makes each of us an individual and we know it’s crucial to have a culture and environment where those differences are genuinely valued. As a global business law firm, with a diverse client base, we know that our clients expect our people to represent the communities in which we work and value our ability to advise them on both local and global cultures and markets. We believe that our approach to diversity and inclusion enables us to attract the best talent, build the most effective teams and deliver the highest level of client service.

For more information on our specific D&I initiatives please see www.dlapiper.com