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Andersen Legal and Moore Legal Advise on Hiventures Investment in Solar Markt

Andersen Legal and Moore Legal Advise on Hiventures Investment in Solar Markt

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Andersen Legal has advised Solar Markt on a long-term strategic agreement with investor Hiventures. Moore Legal Kovacs advised Hiventures.

According to Andersen Legal, “the Hiventures Capital Fund, already active in domestic energy projects, announced its support – via a long-term strategic agreement with a HUF 4.5 billion budget – of Solar Markt’s preparing, planning, and grid connection activities, of which the main aim is for Solar Markt to develop renewable power plants in a way that meets the green power needs of corporate consumers through direct long-term power purchase agreements.”

“As part of the cooperation, two solar power parks with a peak capacity of 50-50 megawatts are being prepared in Eastern Hungary,” Andersen Legal informed. “The 200-hectare investment will be followed by the preparation of three additional high-capacity facilities, through which the portfolio of Solar Markt, which is active in investments related to green energy, can reach a solar power plant capacity of more than 250 megawatts.” 

Andersen Legal’s team included Managing Partner Peter Vincze, Partners Szilvia Fehervari and Balazs Dominek, and Attorney at Law Dorottya Rebeka Tarba.

Moore Legal's team included Partner Marton Kovacs, Senior Attorneys Aron Kanti and Balint Juhasz, and Junior Attorney Andras Zsirai.

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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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