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RealtorLawyers Network Established in Hungary

RealtorLawyers Network Established in Hungary

Hungary
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Gyorgy Zalavari, Senior Partner at the Ecovis law firm, has set up a Hungarian network of lawyers who also act as realtors in the country: UgyvedHazak (in English: RealtorLawyers).

Zalavari says the logic behind the network, which starts with 23 offices in seven Hungarian cities, is simple. “At a national level, approximately 150,000 real estate transactions are made each year in Hungary, and almost all of them are created with the assistance of a lawyer. But lawyers are not only able to help with the contracting work and title registration. Maybe it is not a common knowledge that lawyers are also available for real estate brokerage service and their engagement typically involves lower fees than the commissions of the well-known Hungarian real estate networks.” 

Ultimately, Zalavari explained, “the real estate brokerage activity of the lawyers is well-regulated, guided by ethical rules, supervised by the chamber of lawyers, protected by liability insurance and priced well in the market. Lawyers are also entitled to handle financial escrows in a lawful and supervised manner in real estate transactions.”

The network is set up independently from Ecovis and Zalavari will continue in his role as Senior Partner with the firm.

Hungary Knowledge Partner

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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