Noerr’s Budapest office assisted their German colleagues in advising Fosun and its joint venture Nanjing Nangang Iron & Steel United Co. Ltd. on their acquisition of a majority stake in the automotive supplier Koller.
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Category Archives: Hungary
David Kozma has been promoted to Head of Legal Affairs at UNIQA Biztosito in Hungary.
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DLA Piper has advised OTP Property Investment Fund on its acquisition of the West End Business Center office building in Budapest from an international investment consortium consisting of Wing, Morgan Stanley Real Estate Investing, and CC Real. The sel…
Telenor has hired Andras Losonci as Legal Counsel within the Commercial Legal team.
In order to replace Hungarian Act 1994 of LXXI on Arbitration, a new act on arbitration has been enacted by the Parliament on 30 May 2017. According to the explanatory memorandum, the new act is intended to create an attractive investment environment f…
Sar & Partners is reporting that, in the nearly two-decade long patent dispute with Adidas in Hungary, the country’s Supreme Court has now ruled, on appeal, that the lower court’s ruling regarding the amount of unjust enrichment to be returned to firm client Laszlo Oroszi — the developer of Adidas’s Predator Precision and Predator Mania football shoes, who patented the ribbed top of the shoes in 1996 — should stand, although the specific reasoning for the award was incorrect.
Hugh Owen, long-time Partner at Allen & Overy, has announced that he is retiring from the Magic Circle firm and will practice independently as Go2 Law going forward. Owen will continue to operate out of Slovakia, where he has lived since 2000 — th…
We are excited to announce that registration for the 2017 CEE Legal Matters Hungary General Counsel Summit, scheduled to take place in Budapest at the Boscolo Hotel on October 5, is now open.
Linklaters has advised Budapest Airport and its shareholders on the amendment and extension of its existing EUR 1.4 billion debt facilities, with Dentons Budapest working alongside and advising on Hungarian law. Allen & Overy in London and Faludi W…
A new act on Prevention and Combating of Money Laundering and Terrorist Financing will enter into force, replacing the anti-money laundering act currently in force, on 26 June 2017. The new act is intended to implement the provisions of the EU Directiv…