CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and stay up to date with the latest developments impacting their respective practice areas.
The Hungarian renewable energy sector has developed significantly in recent years: the share of electricity from renewable energy sources in gross final electricity consumption was 7.51% in 2017, increasing to 13.9% in 2021. This rapid development was mainly due to the increase in solar power capacity, as the installed capacity of Hungarian solar power plants was around 350 megawatts in 2017, while it exceeded 4000 megawatts in 2022.
In recent years, the major development in Hungary’s banking system is the establishment of the country’s superbank through the merger of Budapest Bank, MKB Bank, and the Takarek Group. DLA Piper Partner Andras Nemescsoi, Forgo Damjanovic & Partners Managing Partner Gabor Damjanovic, and Jalsovszky Law Firm Managing Partner Pal Jalsovszky share insights into the driving forces behind this development, its current status, and its anticipated impact on Hungary’s banking sector.
Contributed by Forgo Damjanovic & Partners
A most vibrant year for the M&A department of Forgo, Damjanovic & Partners was primarily driven by the healthcare, insurance, and energy sectors, according to Managing Partner Zoltan Forgo.
Under the "heavy influence" of the current autocratic regime, Hungary might seem stable but Forgo, Damjanovic & Partners Managing Partner Gabor Damjanovic wonders if the country is prepared to tackle the challenges of the wider economic context.
Forgó, Damjanovic & Partners Law Firm is a medium-sized, full-service law firm. The firm has an especially strong track record in the fields of M&A and Private Equity transactions, Dispute Resolution and Employment Law.
Clients include foreign corporations, the Hungarian businesses of multinational companies and medium to large Hungarian businesses. The firm is typically instructed in complex transactions and legal disputes, cases of a cross-border nature, those demanding high-quality English language documentation and/or involving clients who require an international level of service.
Forgó, Damjanovic & Partners’ lawyers are business-minded and combine detailed legal analysis with practical legal advice and solutions.
Although the firm serves clients from many sectors of industry, its lawyers have an especially deep understanding and extensive expertise on which to draw in the energy sector. Forgó, Damjanovic & Partners’ track record includes acting for energy companies, private equity investors, financing banks and energy consultancy firms. They offer a full scale of services in the area of energy law, including:
Firm's website: https://fdlaw.hu/