News of VJT & Partners
Hungarian Watch Summer 2015 is now available
VJT & Partners is delighted to share with you our new colourful Summer edition of Hungarian Watch which introduces the actual Hungarian business climate.
This quarterly issue helps our partners from all over the world to feel pulse of the Hungarian business climate and to be informed about Hungarian business opportunities. Additionally, our brochure provides you with comprehensive and up-to-date information about Hungary, focusing on breaking news in the fields of law, economics and other developing areas, which is currently making a significant impact on Hungarian business life. Moreover, this special edition provides insight into breaking news in the field of social life.
The Summer 2015 edition highlights recent core business issues from the consolidation in the bank sector and major changes in the wholesale gas market, through the new Hungarian rules on global data transfers and portfolio transfers. Beside this, in the colourful social scene there is interesting news about the innovative Brain Bar conference which recently took place here in town and the great success of the Hungarian film "Son of Saul".
"Hungarian Watch is a unique quarterly in the Hungarian legal market which aims to make our foreign clients and partners aware of Hungarian business life." notes, Endre Várady, the newsletter’s editor.
"Hungarian Watch Summer 2015 – similarly to its predecessors – represents quality and expertise both in content and outlook. These elements are the key of success of Hungarian Watch – as it is in business", commented János Tamás Varga, Managing Partner of VJT & Partners.
Experienced M&A lawyer András Lovretity joins VJT & Partners as Partner
VJT & Partners advises clients on international and Hungarian M&A transactions with an absolute commitment to excellence. The expertise of our multidisciplinary team gives us the ability to provide exceptional service for our valued clients. András joins an established and highly ranked M&A team led by Managing Partner János Tamás Varga.
András has more than 14 years of experience in international M&A, restructuring and private equity transactions, as well as participation in a wide variety of project related proceedings. András also possesses significant expertise in real estate and construction.
In addition to András’ transactional experience gained during his years with Clifford Chance and subsequent affiliations, he has been advising Budapest Airport for more than eight years on various projects and business matters.
"András is a first-class, internationally experienced M&A lawyer, and his addition to our M&A team gives us the ability to further strengthen our presence in the Hungarian and regional CEE M&A markets" said János Tamás Varga, Managing Partner.
András graduated from the Law School of Eötvös Loránd University, Győr in 2001 and has been a member of the Budapest Bar since 2005.
"I am pleased to expand upon my experience by joining VJT & Partners and to become a member of its highly regarded transactional team," András Lovretity commented.
VJT & Partners Highly Ranked Again in Chambers Europe Legal Directory
The internationally recognised law firm VJT & Partners proudly announces that it has been highly ranked in its core practices in the leading international independent legal directory, Chambers Europe 2015.
Within the Hungarian section, Chambers Europe 2015 ranks VJT & Partners for employment in Band 2 and for private equity and TMT in Band 3.
Additionally, VJT & Partners was mentioned as a recognised practitioner for its corporate/M&A and restructuring/insolvency practice.
Chambers Europe stressed that VJT & Partners has "a practical and hard-working team which, apart from being excellent on legal issues, has a pragmatic approach". Managing partner János Tamás Varga is described as a "very client-centred and flexible, responsible and approachable" lawyer. Zoltán Csernus was acknowledged by clients as "business-focused, enthusiastic and helpful lawyer who meets the highest international standards".
Clients noted of VJT & Partners with respect to private equity that "the understanding of the economic dimension of a transaction" makes it an outstanding law firm. What is more, managing partner Varga János Tamás is highlighted by clients for his "intellectual curiosity and ability to understand the ambitions of the client".
In addition, VJT & Partners’ TMT practice was acknowledged as follows: "The firm is very responsive and always meets deadlines. The lawyers are proactive and adaptable, and provide commercially sensitive advice." In relation to this practice area János Tamás Varga is lauded by clients for his "excellent negotiation skills and outstanding client-focused approach".
János Tamás Varga commented: "The rankings earned and clients’ opinions show that we succeeded to realize our commitment to become masters of collaboration. These feedbacks are meant to be good incentives to continue the high standard work we performed in the recent years."
VJT & Partners is ranked as top tier law firm at Legal 500 EMEA
VJT & Partners has been recommended as a top-tier law firm for Employment for 2015 again in the Legal 500 Europe, Middle East & Africa 2015. The guide comments that the team which is willing to "go extra-miles for its clients" at VJT & Partners counts Albemarle and ING Insurance and HP among its clients, and advises on employment contracts, policies, termination and mass dismissals. Zoltán Csernus is especially recommended.
Having climbed the rankings consistently in recent years, VJT & Partners' M&A and Dispute resolution practices are both recommended in the second tier, while the firm remained in the second tier for TMT and the fourth tier for Real estate and construction. The guide comments: VJT & Partners’ three-partner corporate and M&A team, headed by the "impressive, hardworking and client-oriented" János Tamás Varga, provides a service which is "excellent in all respects".
Three lawyers at VJT & Partners are recommended in The Legal 500 Europe, Middle East & Africa 2015 editorial:
- Corporate and M&A - János Tamás Varga and Zoltán Csernus
- Dispute resolution - János Tamás Varga, Zoltán Csernus, Gábor Hacsi
- Employment - Zoltán Csernus and János Tamás Varga
- Real estate and construction - János Tamás Varga and Gábor Hacsi.
The Legal 500 series of legal directories provides an in-depth assessment of law firms based on intensive independent research of firms and their clients. "The only way a law firm can get into our ranking tables and commentary is on merit alone" as publishing director of Legal 500 notes.
János Tamás Varga, Managing Partner of VJT & Partners, commented: "Legal 500 is regarded as providing accurate analysis of law firm capabilities; these rankings show that our clients have experienced that our law firm has always been focusing on their top concerns while putting great emphasis on every single detail."
We wish you a prosperous Chinese New Year IN CHINESE!
The Hungarian Competition Act LVII of 1996 prohibits any activity that intends to or results in the prevention or restriction of competition. This general prohibition applies to activities where market players exchange information between one another about their operations.
At the same time, in major M&A deals, due diligence investigation constitutes an important part of the acquisition process where a market player requests and receives confidential information about the operation and financial activity of the targeted company. However, due diligence aims at a legally reasonable purpose (i.e. to reveal the exact state of the acquired company), its misuse may constitute an act prohibited by competition law provisions.
The experts of VJT & Partners are mentioning the possible threats and are proposing technics to avoid unlawful application of due diligence in their article.
Hungarian Watch Winter 2015 is out now
VJT & Partners is pleased to announce the latest issue of Hungarian Watch, Winter 2015 which introduces the actual Hungarian business climate.
This quarterly issue helps our partners from all over the world to feel the Hungarian business climate and to be informed about Hungarian business opportunities. Additionally, our brochure provides you with comprehensive and up-to-date information about Hungary, focusing on breaking news in the fields of law, economics and other developing areas, which is currently making a significant impact on Hungarian business life.
Winter 2015 edition highlights the recent core business issues from the popular residency bond program and revival of the Hungarian real estate sector through the reconstruction of the Budapest-Belgrade railway line to the latest developments in various Hungarian industries including retail, hotel and sport sector.
“Hungarian Watch is a unique issue in the Hungarian legal market which aims to make our foreign clients and partners aware of Hungarian business life.” notes, Endre Várady, the quarterly’s editor.
„Hungarian Watch Winter 2015 – similarly to its predecessors – represents quality and expertise both in content and outlook. These elements are the key of success of Hungarian Watch – as it is in business”, commented János Tamás Varga, Managing Partner of VJT & Partners.
The singing VJT Team wishes you a Happy New Year!