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MJH and Wardynski Advise on GI Group's Sale of Quota in ProHuman

MJH and Wardynski Advise on GI Group's Sale of Quota in ProHuman

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Moskwa Jarmul Haladyj has advised the GI Group on the sale of its quota in Hungarian subsidiary ProHuman, the repayment of the banking consortium – BNP Paribas, PKO BP, Millennium, and Santander – and the completion of the court restructuring arrangement. Wardynski advised the banks on the deal.

According to MJH, “the purchase price for the ProHuman quota amounts to PLN 147.5 million. Additionally, the purchaser, Sun Group, is obliged to take over all GI Group Poland’s liabilities towards ProHuman. The transaction is expected to be closed by April 30, 2022. However, the GI Poland Group’s court restructuring arrangement has already been settled. Thus, the formal financial restructuring of GI Group Poland (former Work Service) has come to an end.”

MJH’s team included Partner Krzysztof Haladyj, Senior Counsels Pawel Cyganik and Iwo Klijewicz, Senior Associate Justyna Wigier, Associate Monika Knothe, and Junior Associate Jan Ambrozy.

Wardynski's team included Partner Lukasz Szegda, Senior Associates Mateusz Tusznio and Jakub Kokowski, and Junior Associate Filip Kurys.

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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. 

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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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