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Act Legal Advises Share Now on Entrance into Hungarian Market

Act Legal Advises Share Now on Entrance into Hungarian Market

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Ban & Karika Attorneys at Law, the Hungarian member of the Act Legal alliance, has advised the Share Now car-sharing service on its entrance into Budapest. The service will be operated by Wallis Automegoszto Kft., a member of Hungarian investment group Wallis Asset Management Zrt.

Share Now, a joint venture of car2go and Drive Now, is a free-floating car sharing service. It operates under the DriveNow brand in Budapest, making the Hungarian capital the company's fourth cit in which operates under a franchise model, following similar models in Copenhagen, Helsinki, and Lisbon. According to a DriveNow press release, 240 BMW and MINI models can be “rented flexibly and spontaneously in the capital city,” and the service will provide 40 BMW i3 models in Budapest as well, offering customers an electric alternative. 

Share Now CEO Olivier Reppert commented, “Budapest is our first city in the exciting CEE region. As a modern and fast growing city, Budapest has a high demand and potential for sustainable and flexible mobility. We are convinced that our car sharing offer is the perfect supplement to the urban mobility mix in the Hungarian capital city.” 

The Act Legal team consisted of Partner Marton Karika, Attorney at Law Gabor Horvath, and Junior Associate Tibor Nyitrai. 

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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