Noerr is reporting revenue of more than EUR 207 million world-wide, with EUR 190 coming from the German market and EUR 17 million of it coming from CEE.
CMS Budapest has advised Balbec Capital LP and APS Holding on the financing and acquisition of a non-performing loan portfolio of residential mortgages from UniCredit. The total claim value of the portfolio is HUF 42.7 billion, or approximately EUR 139 million. Reti, Antall & Partners — the law firm associated with PWC in Hungary — advised UniCredit on the deal, which is one of the first residential mortgage portfolio sale and purchase transactions on the Hungarian market.
CHSH Budapest has advised Vienna-based investment manager GalCap Europe on its acquisition of a renovated palais in the center of Budapest under its Eastern European mandate for an individual fund of a German pension scheme managed by Institutional Investment Partners. Lehoczky, Muszka es Szelei advised the unidentified private investor. The purchase price was not disclosed.
Andreas Koehler has moved from Dentons to join CMS's Budapest office along with Senior Associate Gabor Toth.
Former Dentons Counsel Zita Albert has joined Schoenherr as a Local Partner to lead the Budapest office's Corporate/M&A team.
Orban & Perlaki Attorneys is inviting law students to the firm's office to talk about the latest innovations and possible future directions of the legal industry.
CMS has advised the Belgian real estate developer Atenor on the sale of Building A in the Vaci Greens complex in Budapest.