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Schoenherr Advises Volta on Land Plot Acquisition from Ipari Projekt Hungaria

Schoenherr Advises Volta on Land Plot Acquisition from Ipari Projekt Hungaria

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Schoenherr has advised Solus Advanced Materials subsidiary Volta Energy Solutions Hungary on its acquisition of a 120,000 square meters land plot from Ipari Projekt Hungaria. Solo practitioner Miklos Miszkuly reportedly advised the seller.

According to Schoenherr, the acquired land plot is located in Tatabanya Industrial Park and "is an excellent possibility for further business development."

Solus Advanced Materials is a South Korean supplier active in the copper foil industry. The company has been present in Hungary since 2018.

Ipari Projekt Hungaria is a industrial park developer.

Schoenherr previously advised Volta on receiving a loan from the EBRD for the construction of a copper foil factory (as reported by CEE Legal Matters on February 9, 2022).

The Schoenherr team was led by Attorney Laszlo Krupl and included Associate Viktoria Magyar.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu