14
Mon, Oct
49 New Articles

CMS Hungary and HBK Partners Advise on NPL Portfolio Transfer

CMS Hungary and HBK Partners Advise on NPL Portfolio Transfer

Hungary
Typography

CMS Hungary has advised Balbec Capital and Momentum Credit Zrt, a Hungarian joint venture owned by Balbec Capital and the APS Group, on the purchase of MKB Bank Nyrt’s non-performing retail mortgage loan portfolio, secured mostly by residential mortgages. MKB Bank was advised by HBK Partners on the transaction.

The transaction, with a face value of over EUR 75 million, consisted of a two-phase auction sale bidding process organized among international and Hungarian institutional players on the NPL market, including banks, investment banks, and loan management firms. 

The CMS Hungary team consisted of Partner Erika Papp, Senior Counsel Eszter Torok, and Junior Associate Zsolt Beregi.

The HBK Partners team consisted of Partner Marton Kovacs and Junior Associate Mate Vinglman.

Hungary Knowledge Partner

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.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

Our Latest Issue