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Baker McKenzie Advises BP on New Shared Service Center in Hungary

Baker McKenzie Advises BP on New Shared Service Center in Hungary

Hungary
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Baker McKenzie Budapest has assisted British multinational oil and gas company BP on the establishment of a shared service center in Szeged, Hungary, scheduled to open on September 26, 2017.

The company will create a total of 500 new jobs in Szeged, Hungary’s Minister of Foreign Affairs and Trade Peter Szijjart announced last year, and he noted at the time that BP's HUF 8 billion investment was supported with a HUF 1.9 billion grant from the Hungarian state.

The new center will focus on growth areas of strategic importance for BP, including finance, accounting, supply, tax services, human resources, stock exchange trade and customer services. 

The Baker McKenzie real estate team advising BP was led by Partner Benedek Kovacs.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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