CMS has announced that Budapest-based lawyer Jozsef Varady and Bucharest-based lawyer Horia Draghici have been promoted to the firm's partnership.
According to CMS, "the appointments are part of the joint partner promotions of CMS, Nabarro, and Olswang, involving 48 partners in 26 offices. The three firms completed their merger on the 1st of May, creating the world’s sixth largest law firm by lawyer headcount, which is present in 39 countries with 70 offices."
Varady has been working at CMS Budapest for over 14 years, and the firm reports that "he has been involved in several real estate transactions and advised major Hungarian and international clients on real estate projects and litigation matters related to the sector." According to CMS, "he also has significant experience in corporate and financing transactions and tax matters. Recently he advised Futureal Group on the sale of its Skypark office building located in the center of Budapest to the OTP Prime Property Investment Fund, which was one of the largest office market transactions in the last 12 months in Budapest. He also advised the Belgian real estate developer Atenor on the sale of building A and B in the Vaci Greens complex in Budapest" (as reported by CEE Legal Matters on February 20, 2017).
Draghici specializes in commercial and tax litigation and international disputes. According to CMS, "he is currently advising a public multinational energy company in several disputes related to real estate taxes in Romania and has previously successfully advised same client in various high profile, multimillion EUR tax disputes. [He] is also highly involved in the white collar defense practice of the CMS Bucharest office and has assisted clients in internal compliance investigations, as well as investigations of OLAF and the Romanian National Anticorruption Directorate. He has also experience in investment treaty disputes, being part of the team that successfully defended Romania from a USD 147 million ICSID claim brought by Greek investor Spyridon Roussalis. The claim was dismissed in 2011. Recently, he helped an international reinsurance group settling a dispute with a Romanian insurer by international mediation in accordance with CEDR rules."