Banking & Finance
Europe Guide 2024 : Hungary
Band 3
About
Provided by Wolf Theiss
The past few years have been some of the most challenging in the history of global financial markets. Fresh thinking is required as the markets adjust to changing economic, political and regulatory conditions.
Our Reputation
Our banking and finance team draws on deep banking product expertise and works with our regulatory, litigation, restructuring and other specialist teams to develop innovative solutions for our clients, often incorporating complex financing techniques that lead the industry.
Specialization
We continue to be requested for assistance in the area of refinancing, financial restructuring and sale of non-performing loans. The team provides a high standard of advice with in-depth industry knowledge and the notable ability to speak the language of the bankers. We have seen a huge increase in non-traditional and cross-practice work that requires collaboration not only among the different practice areas but also among the different offices. Thus the banking team offers a full-coverage approach by working together with other practice groups; representing the 'finance leg' of mandates.
Clientele
We advise the biggest Hungarian and international banks, insurance companies, funds and other financial services institutions as well as borrowers and customers on issues from commercial lending, project financing and private equity to regulatory work, takeovers, credit-linked notes and securitization.
Chambers Review
Wolf Theiss's team rises in the rankings as a result of strong market support. The group has a strong presence in the region and is able to handle multi-jurisdictional mandates. The law firm often assists banks with project financing and refinancing mandates.
Work Highlights
- Wolf Theiss acted for OTP Bank and SKB Bank on the refinancing of the acquisition of real properties in Slovenia.
Strengths
Provided by Chambers
"They reacted quickly to any request of the parties and handled any issues that arose during the negotiations."
"They are good at finding the common ground. That's their biggest strength. "
"The lawyers had clear vision of how to step forward and solve complex issues."
"They reacted quickly to any request of the parties and handled any issues that arose during the negotiations."
"They are good at finding the common ground. That's their biggest strength. "
"The lawyers had clear vision of how to step forward and solve complex issues."
Notable Practitioners
Department head Melinda Pelikán climbs a tier up as a result of strong market support. She assists lenders with project financing, amendments to existing loan agreements and refinancing matters.
"Melinda Pelikán has a lot of experience."
"She quickly understands all aspects of complex cases, she reacts quickly to every issue, and she has the ability to find the most effective solutions that are favourable for all parties."
Gergely Szalóki rises in the rankings as a result of strong market support. He assists both lenders and borrowers with revolving credit facilities and amendments to existing facilities agreements. He also acts on bridge financing, acquisition financing and loan refinancing, as well as assisting with fintech regulatory matters. Gergely Szalóki left Schoenherr and joined Wolf Theiss in May 2024.
"We knew we were in safe hands with the proactive approach to our process."
"Gergely Szalóki is responsive, proactive and pragmatic, and delivers documents with a high level of accuracy."
Ranked Lawyers at
Wolf Theiss
Hungary
Members
Provided by Wolf Theiss
Clients
Provided by Wolf Theiss
CIB Bank
Erste Bank
Kommunalkredit Austria
OTP Bank
Oberbank
Optimum Solar
Raiffeisen Bank
The Export-Import Bank of China
UniCredit Bank
Vienna Insurance Group
Industries
Provided by Wolf Theiss
Automotive
Banks
Energy
Financial Institutions
Insurance
Private Equity and Other Funds