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DLA Piper Assists with Establishment of Hungarian Bankholding Ltd.

DLA Piper Assists with Establishment of Hungarian Bankholding Ltd.

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DLA Piper has advised the Budapest Bank Group, KB Bank Group, and the Takarekbank Group on their establishment of the Hungarian Bankholding Ltd. financial holding company.

DLA Piper describes Hungarian Bankholding as, “Hungary's second largest banking group providing services to 1.9 million customers, 200,000 micro-enterprises, 30,000 small and medium-sized enterprises, and 6,000 private banking clients.”

According to DLA Piper, “on October 30, the owners of the Budapest Bank Group, MKB Bank Group, and Takarekbank Group, signed an investment and shareholders’ agreement in accordance with their previous letter of intent.” Pursuant to this agreement, the firm reports, “on December 15, 2020, the signatories transferred their shares in their respective banks to Hungarian Bankholding Ltd., their jointly owned financial holding company.”

DLA Piper’s team consisted of Partners Andras Nemescsoi and Gabor Molnar, Counsel Gabor Hollos, Senior Associates Peter Virag and Jeno Kimmel, and Associates Balazs Szalbot and Andras Orban.

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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