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Hot Practice: Andras Nemescsoi on DLA Piper Hungary's Litigation and Regulatory Practice

Hot Practice: Andras Nemescsoi on DLA Piper Hungary's Litigation and Regulatory Practice

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DLA Piper Hungary’s busiest practice lately has been its Litigation and Regulatory team, headed by Partner Andras Nemescsoi. COVID-19-generated legal uncertainty and a set of opportunities arising from a relaxation on state-aid rules fuel the workload.

In terms of disputes, “there are a lot of mandates and questions surrounding COVID-19,” Nemescsoi reports. “The crucial question is how to address situations when you are the obliged party of a contract and you are unable to fulfill that contract – maybe you want to take the route of claiming frustration or force majeure.” Nemescsoi notes that the workload on this front came in waves: first in the form of questions, then requests for memos, then slowly evolving into formal arbitration and litigation cases.

Regarding the regulatory arm of the practice, Nemescsoi explains that there has been a whirlwind of “special legal orders” implemented by various countries in light of the outbreak and Hungary’s “special legal framework” gave rise to a lot of questions. “Probably all law firms were crazed with work here,” he says, since “although it can be taken as a threat or overexposure, this exceptional legislation – both domestic and EU-wide – was perceived by a good few as a breeding ground for new opportunities – including those arising from what they perceive to be more room to maneuver when it comes to state-aid.” According to the DLA Piper partner, the EC is “more flexible in this period of time, leading to mandates from clients who are looking to identify ways of taking advantage of this newly-found flexibility.”

“On the short-term, if the legal regime changes with other measures being implemented, more questions will come up for sure,” says Nemescsoi. “The first memos are now out and clients have had a chance to digest them. I expect more and more legal disputes to pop-up and these are projects that last quite a while.”

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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