In order to comply with the provisions of the new Hungarian Civil Code, limited liability companies (Kft.) shall increase the amount of their registered capital up to HUF 3 million.
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.
Oppenheim has advised Skanska on its December 2016 agreement to lease a 17,300 square meter space in its Mill Park complex in Budapest to IT Services Hungary, the largest ICT employer of Hungary, starting in Q2 2018. The Ormos Law Firm advised ICT Services Hungary on the deal, which Oppenheim claims was "the second biggest office leasing transaction in Hungary in 2016."