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Cerha Hempel and SOG Appointed Legal Advisors for Emirate of Dubai Economic Development Program

Cerha Hempel and SOG Appointed Legal Advisors for Emirate of Dubai Economic Development Program

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Cerha Hempel Hungary and the SOG Law Firm have been appointed as members of an international legal consortium to screen potential companies and advise on investments by the Emirate of Dubai’s “Operation 300 Billion” program. The consortium also reportedly includes the Boros Arpad Andras law firm in Budapest.

"The ten-year comprehensive strategy of the United Arab Emirates launched in March 2021 aims to empower and expand the industrial sector to become the driving force of a sustainable national economy, increasing its contribution to national GDP from AED 133 billion at present to AED 300 billion by 2031," Cerha Hempel informed.

According to SOG, Sheikh Rashid Bin Ahmed Al Maktoum, a member of Dubai’s ruling family, announced that he would offer cooperation opportunities for companies in Central and South Eastern Europe to participate in the national development program called "Operation 300 billion."

"As the owner of RAM Investment – DXB Holding, Sheikh Rashid Bin Ahmed Al Maktoum hired an international legal consortium of three leading law firms to screen and advise potential companies," SOG added. "In addition to SOG, two Hungarian law firms are part of the consortium. The law office of Boros Arpad Andras – which specializes in the energy, financial, and investment sectors of the Central and Eastern Europe region – leads the Consortium, and Cerha Hempel, whose executive partner is Polauf Tamas – known for its consulting solutions and decades of experience in international commercial transactions and corporate matters."

The Cerha Hempel team is led by Managing Partner Tamas Polauf.

The SOG team is led by Partner Milan Samardzic.

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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