HUNGARY

KEY ECONOMIC DATA

Area: 93,030 sq km

GDP: 22,026bn HUF

Currency: Hungarian Forint

GDP per head (PPP): €15,200

Population: 10 million

GDP growth: 4.6 per cent

Inflation: 4.7 per cent

Unemployment: 7.6 per cent

PUBLIC HOLIDAYS IN HUNGARY (2007)

January 1; March 15; April 17, May 1; August 20; October 23; November 1; December 25; December 26.

LEGAL PROFESSION

Professional title: Ügyvéd
Number of lawyers: 8,900Female lawyers as a per cent
of the profession: 40 per cent

USEFUL ADDRESSES

Local bar association

Magyar Ügyvédi Kamara
1055 Kossuth Lajos tér 4

1054 Budapest
Hungary

Tel: +36 1 311 9800

Fax: +36 1 311 7867

www.magyatugyvedikamara.hu

 

National justice ministry
Igazságügyi Minisztérium
1055 Kossuth Lajos tér 4
Budapest
Hungary
Tel: +36 1 441 3003
Fax: +36 1 441 3711
ugyfelszolgalat@im.gov.hu
www.im.gov.hu

EU Commission
representative office
Reppresentation of the
European Commission in Hungary
Deák Ferenc u. 15
1052 Budapest
Hungary
Tel: +36 1 209 9700
Fax: +36 1 466 4221
comm-rep-bud@ec.europa.eu
www.eu.hu

LAW FIRMS IN BUDAPEST

LAW FIRM LOCATOR

1 Nagy és Trócsányi

TRAVEL INFORMATION

Budapest Airport is located 16 km east of the city centre. The journey by road will take around 20 minutes. Taxis are available from outside the arrivals level at terminals 2A and 2B. ‘Drop off’ minibuses and buses (numbers 200 and 93) are also available.

WEBSITE

www.bud.hu

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NAGY ÉS TRÓCSÁNYI

budapest_office@nt.hu
www.nt.hu

Main office

Ugocsa u. 4/B
Budapest H-1126
HungaryTel: +361 (0) 1 487 8700Fax: +361 (0) 1 487 8701

 

Other offices

Nagy és Trócsányi LLP
599 Lexington Avenue
Suite 2328
New York, NY 10022
USATel: +1 (0) 212 459 7070Fax: +1 (0) 212 398 6645

 

Key personnel

Dr Péter Berethalmi – Managing partner
Dr Ildikó Varga – Executive partner

 

Practice areas

Anti-trust and competition
Arbitration and litigation
Banking
Capital markets
Commercial law
Company and trade law
Construction
Corporate finance
Greenfield investments
Intellectual property
Joint ventures
Media
Mergers and acquisitions
Securities
Tax
Telecommunications

 

Firm profile

 

Established in 1991, Nagy és Trócsányi Ügyvédi Iroda is a full service Hungarian law firm engaged in the international practice of commercial and business law. The firm is a professional limited liability partnership registered with the Budapest Bar Association for the practice of law. N&T provides clients with advice and representation in many areas such as constitution and government, municipalities & public utilities, corporate & commercial, merger & acquisition, antitrust & competition, banking & project finance, insolvency & financial restructuring, securities & commercial papers, customs & international trade, intellectual property & technology, media & telecom, real estate & property, litigation & arbitration and tax. Since 1993, the firm’s New York branch, Nagy & Trócsányi LLP is engaged in US-Hungarian related practice. It is unique that one third of N&T’s business is generated by other law firms. Otherwise, clients are typically multinational corporations and their Hungarian affiliates.

Key transactions

 

Advising Coca-Cola Beverages Hungary on a continuous basis.
Advising SAMSUNG SDI, SAMSUNG ELECTRONICS, SAMSUNG Corporation with corporate and commercial matters.
Advising LIDL, the German discount chain of labelling, food, and product liability issues.
In an ICSID arbitration case, representing Telenor against the Rep.of Hungary pursuing claims out of alleged violation by Hungary of the Hungarian-Norwegian investment protection treaty.
Advising Nilfisk Advance (subsidiary of NKT Holding, a Danish listed company) in relation to the lease and refurbishment of an industrial hall to be used as its major manufacturing plant in Szigetszentmiklós.
Nilfisk Advance Hungary established a plant that will have 400 employees.
Representing Polus the largest Hungarian real estate developer, against MÁV, the Hungarian national railroad company in connection with acquisition of a prime site in the heart of Budapest.
Advising CIB Bank in relation to the acquisition of its new headquarter property.
Representing Brack Capital Real Estate (BRCE), in an international real estate company.
Representation of ORTT, the Hungarian National Board of Radio and Television, in diverse matters, among them litigations and arbitrations.
Representing Pannon GSM, the second largest mobile phone company in Hungary, in diverse licensing, compliance and other matters.
Tax planning for Hungarian National Motorway Corporation.

 

 

 

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Bihary, Balassa & Partners Attorneys At Law
Harangvirág U.5
1276 Budapest
Tel: +36 1 391 44 91
Fax: +36 1 200 80 74
www.biharybalassa.hu

Nogradi Law Office
Filler st. 25. ground floor
Budapest
Tel: +36 1 316 0461
Fax: +36 1 316 9777
www.nogradi-ugyvedi-iroda.hu

Kovacs Reti Szegheo
Zugligeti út 41.
1121 Budapest
Tel: +36 1 275-2785
Fax: +36 1 275-2784
www.ars.hu

SBG & K Patent
and Law Offices
Andrássy út 113
1062 Budapest
Tel: +36 1 461 1000
Fax: +36 1 461 1099
www.sbgk.hu