Former Osborne Clarke CEO Simon Beswick has joined Kinstellar’s Board of Directors as a non-executive member.

Schoenherr has advised China's Shanghai Electric Power on its full acquisition of five project companies developing a 200-megawatt PV project in Northeast Hungary from Chint Solar Hungary Projects. Kinstellar advised Chint Solar.

EU energy policy ensures the efficient functioning of the EU energy market and promotes the interconnection of energy networks and the efficient use of energy. It covers all energy sources, from fossil fuels to nuclear and renewables (solar, wind, biomass, geothermal, hydro and tidal).

Crucial amendments to the Hungarian Competition Act entered into force on 1 January 2023, while others will on 1 February 2023. This article briefly describes the most important changes.

E+H has advised Wienerberger on its acquisition of the Terreal operations in France, Italy, Spain, and the US together with the Creaton business in Germany and Benelux from France's Terreal Group. Latham & Watkins, Advant, Garrigues, Masotti Cassella, Holland & Knight, and Stibbe reportedly advised Wienerberger as well.

On November 28, 2022, CEE Legal Matters reported that Jalsovszky had advised Zambo Vagyonkezelo on the pre-exit restructuring and sale of Tuzallotechnika to Alba Industrial Holding. CEELM reached out to Jalsovszky Partner Agnes Bejo to learn more about the transaction.

On December 27, 2022, Dentons announced that aiMotive's sale to Stellantis (as reported by CEE Legal Matters on November 30, 2022) had closed.

BDK Advokati, Binder Groesswang, and Lakatos Koves & Partners, working with SZA Schilling Zutt & Anschuetz, have advised Turkish investors Baran Celik and Nuvit Gundemir and their families on the sale and purchase agreement with insolvency administrator Jan Markus Plathner to acquire Veritas Group's subsidiaries in Austria, Bosnia and Herzegovina, China, Turkey, and Hungary and three production plants in Germany. 

A number of changes have been recently introduced and will be introduced in the near future in Hungary that fundamentally affect both the most commonly applied legislation, as well as the day-to-day work of lawyers. Below is an overview of the important points of these developments.

Jalsovszky’s Head of Corporate and M&A and former Senior Associate Agnes Bejo has been appointed as a Partner with the firm.

Kinstellar has advised S Immo on the acquisition of six office properties in Budapest valued at EUR 244 million from Immofinanz. Oppenheim advised Immofinanz.

All evidence shows that the legal rules regarding the marketing activity which is carried out by influencers will increasingly be the subject of legal analysis in the coming years. Influencer marketing has grown into a global industry showing significant growth year after year. In comparison, according to the Influencer Marketing Hub, the value of the market was estimated globally only at USD 1.7 billion in 2016 while, by 2022, this figure reached USD 16.4 billion.

Former Kapolyi Law Firm Partner Jozsef Antal joined Grundfos as its Lead Legal Counsel in Hungary. 

BDK Advokati and Lakatos Koves & Partners have advised Integrator on its acquisition of Manpower’s human resources and workforce business in Hungary from the Manpower Group. PwC Legal Hungarian affiliate Reti Varszegi & Partners and Italy's PwC TLS reportedly advised the seller.

Schoenherr has advised Singapore-based Harps Global on its acquisition of the medical business division Sempermed from the Austrian Semperit Group for an enterprise value of EUR 115 million.

Kinstellar has advised OTP Bank on its acquisition of Uzbekistan’s Ipoteka Bank. The White & Case London and Tashkent offices reportedly advised the seller.

The global economic downturn has hit Hungary much like the rest of the region but the country may be on its way to a quick recovery on the wings of diverse and dispersed investor interest, according to BLS-CEE Hungary Partner Erzsebet Szalay.

Ostermann & Partners, working with Herbert Smith Freehills, has advised Gamepires on its sale to Jagex. Wolf Theiss advised Jagex on the acquisition.