Hungary

Our Corporate/M&A experience includes advising

•  A real estate investment trust company on the sale of a real estate portfolio in Hungary and the CEE region to GLP.
• SVEA Finance in relation to the sale of a portfolio of receivables of CREDITEXPRESS Hungary
• Raiffeisen Energy Services on the sale of its windpark in Hungary.
• AEGON Credit in relation to the sale of its performing and non-performing mortgage loan portfolio.
• AEGON Lakástakarékpénztár in relation to the sale of its home savings product portfolio.
• Home Credit International on its first European venture capital investment into Hungarian fintech startup Barion.

Our Capital Markets experience includes advising

• MOL on its inaugural and the subsequent Growth Bond (NKP) issues. The inaugural issue was the first issue of HUF bonds under the Funding for Growth Scheme operated by the National Bank of Hungary.
• Mercedes-Benz Manufacturing Hungary in relation to the issue of a HUF 40.000.000.000 bonds within the framework of the Hungarian central bank's funding for growth bond scheme. Arranger was Raiffeisen Hungary.
• Raiffeisen Bank Hungary in relation to the first and second Growth Bond (NKP) issue of the Cordia Group.
• Tthe International Investment Bank in connection with the private placement and listing of its notes on the Budapest Stock Exchange.
• The Bank of China Ltd. in connection with listing of its structured notes on the Budapest Stock Exchange.

Our Banking & Finance experience includes advising

• AEGON with the refinancing of its intragroup debt through a EUR180 million secured credit facility.
• A multinational financial institution and a syndicate of banks on a EUR3.025 billion credit facility provided to PPF Group for the purchase of the local entities of Telenor Group in various countries.
• CIB Bank, Raiffeisen Bank and Bonafarm on setting up new credit facilities and preparing a security package.
• Mora Banc on the financing for the construction of a new boutique hotel in Budapest.

Our Competition/Antitrust experience includes advising

• and representing Scania in relation to multiple follow-on damages claims in Hungary related to the EU Commission’s cartel decision related to medium and heavy duty trucks.
• and securing a commitment decision for Magyar Telekom, concluding an investigation by the Hungarian Competition Authority concerning an alleged abuse of a dominant position.
• and representing ING Hungary in the European Court of Justice in the landmark preliminary reference procedure C-228/18 Budapest Bank and others v GVH. We currently continue to represent ING before Hungary’s Supreme Court in connection with the court review of the Hungarian Competition Authority's decision in its MIF investigation.
• and representing UPC Hungary in relation to an abuse of dominance investigation.
• and representing CIB Bank in challenging the Hungarian Competition Authority's decision on a cartel concerning FX loans.