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CMS Advises Green Source on Refinancing and Sale of Hungarian Photovoltaic Portfolio to Obton

CMS Advises Green Source on Refinancing and Sale of Hungarian Photovoltaic Portfolio to Obton

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CMS has advised Hungarian entities of the Green Source group on the refinancing of a loan and sale of the companies to the Obton group. Dentons reportedly advised K&H Bank.

According to CMS, a loan will be used for the establishment and operation of solar power plants located on 150 Hungarian real estates across the country.

The CMS team included Managing Partner Erika Papp, Partner Peter Simon, Senior Counsel Csongor Tompa, Senior Associate Peter Deak, Associate Kitti Tulner, and Lawyer Zita Gressai.

Editor's Note: After this article was published, CEE Legal Matters learned that Forgo, Damjanovic & Partners advised Obton on its acquisition. The firm's team included Partners Gabor Damjanovic and Zsofia Fuzi and Associates Eszter Bedo and Reka Bali.

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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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