09
Thu, Apr
74 New Articles

According to the current wording of the Code of the Civil Procedure, a private document, until proven otherwise, must have full probative force, verifying that the issuer has in fact made the statement that the document contains, or undertakes to consider himself bound by such statement, provided that the rules regarding the form of using witnesses is observed.

Read more: Modifications Again Relating to the Formal Requirements of Using Witnesses in Hungary

CHSH has advised CA Immobilien Anlagen AG on the sale of the Infopark Building A office complex in Budapest from the Magyar Posta Takarek Ingatlan Befektetesi Alap real estate fund, owned by Magyar Posta and managed by Diofa Alapkezelo Zrt. CMS advised the sellers on the deal.

Read more: CHSH and CMS Advise on CA Immo Sale of Inforpark A Office Complex in Budapest

Based on the recently modified Hungarian VAT Act, in case of invoices issued in connection with transactions between resident taxpayers, the issuer of the invoice is obliged to report data from the invoice to the tax authority if the output tax is equal or above HUF 100,000. The goal of this obligation is the reduction of tax evasion and the whitening of the economy. 

Read more: Invoice Data-Reporting Obligations from 1 July 2018 in Hungary

The entire Budapest office of Weil, Gotshal & Manges, led by Partners David Dederick and Konrad Siegler and including three other senior counsel and 15 lawyers and the entire office staff, will join Bird & Bird in Budapest on February 1. Weil will close its Budapest office.

Read more: Weil's Budapest Office Flies to Bird & Bird

Dentons has advised the London branch of UniCredit Bank AG and MUFG as coordinators on a EUR 750 million revolving credit facility provided by a group of 13 banks to MOL Plc, the Hungarian multinational oil and gas company. CMS advised MOL on the deal.

Read more: Dentons and CMS Advise on Credit Facility Deal for MOL

Dentons has advised Enterprise Investors on the sale by its Polish Enterprise Fund VI of 100% of shares in Netrisk.hu to MCI.EuroVentures of MCI Capital Group. Deloitte Legal reportedly advised the buyers on the transaction, which is valued at EUR 56.5 million. 

Read more: Dentons Advises Enterprise Investors on Exit from Netrisk.hu

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.

Firm's website.

Our Latest Issue