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Baker McKenzie Advises BP on New Shared Service Center in Hungary

Baker McKenzie Advises BP on New Shared Service Center in Hungary

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Baker McKenzie Budapest has assisted British multinational oil and gas company BP on the establishment of a shared service center in Szeged, Hungary, scheduled to open on September 26, 2017.

The company will create a total of 500 new jobs in Szeged, Hungary’s Minister of Foreign Affairs and Trade Peter Szijjart announced last year, and he noted at the time that BP's HUF 8 billion investment was supported with a HUF 1.9 billion grant from the Hungarian state.

The new center will focus on growth areas of strategic importance for BP, including finance, accounting, supply, tax services, human resources, stock exchange trade and customer services. 

The Baker McKenzie real estate team advising BP was led by Partner Benedek Kovacs.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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