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The entire Budapest office of Weil, Gotshal & Manges, led by Partners David Dederick and Konrad Siegler and including three other senior counsel and 15 lawyers and the entire office staff, will join Bird & Bird in Budapest on February 1. Weil will close its Budapest office.

Graf & Pitkowitz has advised the Fleissner Group on the sale of the Fachmarktzentrum Deutschlandsberg retail park, which arose in 2000 from a joint venture between the Fleissner Group and the Kuess Group. The Kuess Group was advised by the Friedrich Schubert law firm, and the buyer, TH Real Estate, which acquired the park for the Austria Property Fund, reportedly was counseled by Baker McKenzie.

Hungarian lawyer Peter Paroczi is the Director Counsel at Harman International, the US-based consumer electronics company. He joined Harman in Budapest earlier this year, after spending four years in private practice and then another seven in-house, first with Samsung Electronics, then at E.On. He agreed to answer some of our questions about his career.

Pro bono is a Latin phrase meaning “for the public good,” and, in the lawyering context, it refers to legal services provided free of charge, generally to indigent clients or charities or other public interest institutions unable to afford standard legal fees. The practice, which in its current form was developed first in Western legal markets, has seen a significant increase in recent years in CEE as well. Hungary is among the countries leading the way.

The Esin Attorney Partnership and Baker McKenzie have advised a syndicate of 37 international banks, including Bank of America Merrill Lynch International Limited as Sole Bookrunner and Documentation Agent, on EUR 800 million and USD 411 million dual currency term loan facilities provided to Yapi ve Kredi Bankasi A.S. The deal was signed on October 9, 2017. 

The Labor Courts Code (the "Code") was published in the Official Gazette on October 25, 2017 and entered into force. The Law abolished the Law No. 5521 on Labor Courts ("Abolished Law") and brought numerous amendments.

Two former WKB lawyers specializing in advising clients from the Life Sciences industry have joined Baker McKenzie’s IP/TMT/Life Sciences group in Warsaw: Pawel Hincz, who joins as Local Partner, and Juliusz Krzyzanowski, who joins as Senior Associate.

Kocian Solc Balastik has advised the Agrofert Group on the October 31, 2017 acquisition by group member DEZA a.s. of Polish chemical company Petrochemia-Blachownia S. A. from BorsodChem Zrt after two years of negotiations. Szecskay Attorneys at Law advised DEZA on Hungarian matters, Wardynski & Partners advised on Polish matters, and Bouchon & Partner advised on German matters. Baker McKenzie advised BorsodChem Zrt. 

The Parties’ Positions

In state court proceedings, Claimant requested indemnity pursuant to Section 24 of the Austrian Commercial Agents Act, basing the Austrian court’s jurisdiction on Section 99 of the Law on Court Jurisdiction, pursuant to which a person who does not have a forum generale in Austria may nevertheless be sued in Austrian courts if he or she has assets within the district of an Austrian court. Claimant argued that Respondent had assets in Austria as it had an outstanding claim against it.

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