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the premier independent law firm in Hungary

N&T at a glance

What are the foundations of a successful law firm?

 

A DEDICATION TO THE CORE PRINCIPLES OF SUPERIOR CLIENT SERVICE, MUTUAL RESPECT AND DECENCY

 

Nagy és Trócsányi was founded in 1991, incorporated in 1992, with the aim of offering sophisticated legal services. We continue to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. Our lawyers provide clients with advice and representation in an active, thoughtful, and ethical manner, with a real understanding of our clients‘ business needs and the markets in which they operate.

 

We are the largest, home-grown independent law firm in Hungary, and the only Hungarian law firm operating in New York. This gives us a deep understanding of Hungarian and international business and legal issues.

 

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.

 

Since 1993 the firm’s New York branch has been engaged in the practice of US-Hungarian related law.

 

LexMundi_member_logo_a_RGB   chambers_global_2015_large   The Legal 500 - The Clients Guide to Law Firms   IFLR1000 (2017) Recommended Firm Rosette_2   Nagy es Trocsanyi_personalized

  • Key Facts

    OFFICES

    Nagy és Trócsányi 's main office is in Budapest, with a branch office in New York, and close working relationships with many international law firms.

    PEOPLE

    Nagy és Trócsányi has 28 lawyers out of whom 11 are partners: all partners are equity partners. We believe in promoting from within the firm and have few lateral hires into our partnership.

    CLIENTS

    We advise a broad range of clients, including numerous multinational corporations. Being the premier independent law firm in Hungary means that law firms from all over the world that do not have direct representation in Hungary seek us out to advise their clients. BAR MEMBERSHIP Nagy és Trócsányi Ügyvédi Iroda 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 our lawyers are admitted attorneys or registered as legal consultants in New York.

    BAR MEMBERSHIP

    Nagy és Trócsányi Ügyvédi Iroda 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 our lawyers are admitted attorneys or registered as legal consultants in New York.

    CANTEEN

    We are proud to operate our own canteen which is serviced by AHA Catering Kft. under the management of Chef Csaba Harmath.

  • Ratings

    Corporate M&A

    Nagy és Trócsányi Ügyvédi Iroda serves as the Lex Mundi member firm for Hungary and receives a flow of referrals from the network. The group advised a US client on the Hungarian aspects of its purchase of a bowling products business. Ildikó Varga heads the team.

    Legal 500, 2016 ed.

    The 'fantastic' team at Nagy és Trócsányi Ügyvédi Iroda is led by Ildikó Varga and recently advised Sanoma Corporation on the sale of its shares in NTK Educational Holding. Other clients include Teleperformance, Enerplus, Honda and Cineworld Group. Péter Berethalmi is also recommended

    Legal 500, 2015 ed.

    Key figures at Nagy és Trócsányi Ügyvédi Iroda include practice head Ildikó Varga, the ‘commercially minded’ Péter Berethalmi, and Balázs Karsai who is ‘clever’, ‘quick’ and ‘helpful’. Clients include Marks & Spencer, CBA and Teleperformance.

    Legal 500, 2014 ed

    Widely recognised for M&A activity, acting for domestic clients on Hungarian transactions and working alongside global law firms on international mandates. Offers additional expertise in corporate finance and restructuring, corporate governance and transaction-related litigation. "Business-minded, creative, innovative and fast. " Head of the department Dr Ildikó Varga is the key point of contact.

    Chambers Europe, 2016 ed.

    Respected national firm handling a wide range of M&A transactions and related mandates including due diligence, corporate maintenance, licensing and litigation. Frequently acts as the Hungarian arm of a cross-border transaction in co-operation with a global network.

    Chambers Europe, 2015 ed.

    Offers comprehensive advice on an array of corporate/M&A matters. Works effectively alongside foreign firms. "The firm is great and the response rates are quick, which is very helpful." Ildikó Varga is head of the corporate/M&A department.

    Chambers Europe, 2014 ed.

    Corporate clients of the firm strongly recommend it. “We have only great thing to say about the firm. We have used them for all our needs since the company was formed in 2006,” says one. “They are very responsive and give us professional and courteous services for corporate and tax needs that we have” Another describes the team as “quick, efficient and reliable”

    IFLR 1000, 2015 ed.

    Nagy & Trócsányi is among the largest independent firms in the Hungarian Market. The firm is known and has been present in the market since 1991. It is part of the largest law firm network in the world in Lex Mundi and is a strong choice to act as a local counsel. For a number of years, Latham & Watkins has used the firm in an number of banking and finance mandates. It also regularly cooperates with Spanish firm Uría Menéndez. The firm is traditionally strong in M&A and its banking and finance practice benefits from its work related to real estate, corporate projects and mergers and acquisitions.

    IFLR 1000, 2014 ed.


    Dispute resolution

    Nagy és Trócsányi Ügyvédi Iroda wins plaudits for its ‘knowledge of substantive and procedural law’, and for some is ‘the best litigation practice in Hungary’. The ‘excellent’ Péter Nagy is representing OTP Bank in proceedings against the Hungarian state.

    Legal 500, 2016 ed.

    Nagy és Trócsányi Ügyvédi Iroda has a 'well-earned' reputation for its excellent service in the litigation arena. Péter Nagy leads the team which is acting for OTP in highly sensitive cases involving constitutional law issues. Other clients include Allianz, BNP Paribas and the Ministry of National Development.

    Legal 500, 2015 ed.

    The well-respected and well-established dispute resolution practice at Nagy és Trócsányi Ügyvédi Iroda is led by name partner Péter Nagy. The team acted for MTT in a dispute over an outsourcing agreement, and is representing iFOREX in administrative claims. Other clients include OTP Bank and HUNGERIT.

    Legal 500, 2014 ed

    Renowned litigation and arbitration practice with impressive cross-border capabilities. Offers outstanding expertise across an array of litigation types, including tax, real estate, consumer protection, employment, competition law and damages.

    “The team is really efficient. The lawyers brought in all the necessary economic and legal reasoning for a successful outcome, and they were very conscientious.”

    "This is an outstanding team with impeccable attention to detail. The lawyers were continually focused and worked tirelessly, sparing no time or effort."

    Chambers Europe, 2016 ed.

    An undisputed market leader in the field of dispute resolution with an outstanding team of specialists. Frequently receives instructions and referrals from foreign law firms, as well as advising domestic companies on cross-border and Hungarian disputes. Particularly active in tax, real estate, consumer protection, empoyment, commercial and civil law, telecoms and competition litigation and arbitration.

    "As a team, it is definitely one of the leaders in the country: incredibly thorough and high quality. As a law firm it is outstanding and complete. I can only speak of the lawyers in superlatives."

    Chambers Europe, 2015 ed.

    Market-leading reputation for the full range of dispute resolution matters. Particularly strong in tax litigation. Advises leading domestic and international clients.

    "The high quality of work is exactly what you would expect from a leading firm in Hungary." "I am very much satisfied with the team; the lawyers look at all details and support us in every aspect of the matter." "It is one of the leading dispute resolution teams on the market."

    Head of department Péter Nagy is singled out as a "leading figure and one of the most experienced lawyers on the market." He receives praise from market commentators for his personable manner and strategic approach.

    "Experienced and knowledgeable" Zoltán Csehi is recommended as a "very sophisticated lawyer." He is a respected individual, and a shrewd litigator with "decades of experience in court."

    Chambers Europe, 2014


    Real estate

    Standout matters for Nagy és Trócsányi Ügyvédi Iroda included advising Delphi Connection Systems on extending a manufacturing plant, which included preparing the construction contracts and assisting with the design contracts. Péter Berethalmi heads the team.

    Legal 500, 2016 ed.

    Nagy és Trócsányi Ügyvédi Iroda advised transmission manufacuter Allison on a greendfield investment in Hungary. Other clients include Interplex and BNP Paribas Real Estate. Practice head Péter Berethalmi, Csaba Pigler and associate Viktória Szilágyi are recommended.

    Legal 500, 2015 ed

    Broadly active team working on sale and purchase mandates, leases, real estate finance and greenfield development projects for a range of local and multinational clients. Property litigation is a further area of expertise. Dr. Péter Berethalmi heads the department and is the key contact for clients.

    Chambers Europe, 2016 ed.

    Noted expertise in property sales, acquisitions, leasing, financing and greenfield developments. Provides broad advice to developers and investors, with significant recognition for property-related dispute resolution.

    "The team is great at helping us adjust to the Hungarian legal market - the lawyers really listen and work together with us, which is refreshing."

    "I am very happy with this reactive and helpful team - I always have access to a senior partner."

    Department head Peter Berethalmi is a growing presence in the Hungarian real estate sector. He recently advised North American manufacturer Allison Transmissions on its greenfield investment in Hungary, including land purchase, construction and leasing.

    Chambers Europe, 2015 ed

    The ‘very responsive and reliable’ team at Nagy és Trócsányi Ügyvédi Iroda assists clients in relation to construction contracts and disputes, lease negotiations and real estate acquisitions. Csaba Pigler and associate Viktória Szilágyi are recommended.

    Legal 500, 2014 ed.

    Strong litigious firm advising on real estate and construction disputes. Additional practice in commercial properties and developments. Active in the projects and energy sectors

    Chambers Europe, 2014 ed.


    Taxation

    Nagy és Trócsányi Ügyvédi Iroda has a well-established presence in the market, and covers both tax planning and tax litigation. Péter Nagy and Orsolya Kovács acted for two funds in a dispute with the tax authority, seeking the recovery of tax levied on dividends.

    Legal 500, 2016 ed.

    Nagy és Trócsányi Ügyvédi Iroda's well-established tax practice has vast experience handling claims before the Hungarian tax authority. It was recently instructed by KPMG to represent two funds managed by Templeton claims against the tax authority. Other clients include FBZ Invest and Sodexo.

    Legal 500, 2015 ed.

    Péter Nagy is the key contact for tax matters at Nagy és Trócsányi Ügyvédi Iroda, which has strong dispute resolution capabilities. Recent highlights for the team include representing a client before the Supreme Court on the applicability of rulings by the European Court of Justice, and acting for Karto-Pap in litigation over German and Hungarian taxation.

    Legal 500, 2014 ed.

    Well-reputed tax litigation practice, working on a diverse range of contentious matters. Also offers expertise in VAT issues, and transactional tax structuring and planning. "The lawyers have sound technical knowledge and a precise approach."

    Sources highlight Péter Nagy for his skills as a tax litigator and legal advisor, coming described as "proactive and client-oriented, with in-depth expertise." He recently advised St. Gobain on a tax supervision procedure.

    Clients appreciate Orsolya Kovács for her "technical commitment, friendly manner and ability to grasp the issues quickly."She frequently acts for clients on tax administrative procedures and tax litigation cases, recently assisting Schweitzer Zahnarzt with a contentious issue.

    Chambers Europe, 2016 ed.

    Best known for its tax litigation practice, where it represents major domestic and international clients. Also offers strong support in transactions, tax structuring and planning.

    "A responsive team that handles transactions precisely. A safe pair of hands with a local flavour in Hungary."

    Péter Nagy is commended by interviewees as a "well-known litigator on tax issues."

    Sources praise Orsolya Kovács, saying: "She represents clients well; she is always responsive and her opinions are constructive."

    Chambers Europe, 2015

    Offers solid representation on tax litigation, structuring and transactions. Benefits from the firm's stellar dispute resolution practice.

    Head of department Péter Nagy is a "very good litigator," say interviewees. He is revered as a strong and persuasive lawyer in court, and noted for his team management skills.

    Chambers Europe, 2014


    Banking & Finance

    György Kiszely’s team at Nagy és Trócsányi Ügyvédi Iroda is noted for its ‘professional’ advice, and attracts a steady flow of restructuring mandates. The ‘accurate and knowledgeable’ Zoltán Varga recently advised Sberbank on loan collateral enforcement issues relating to a potential restructuring

    Legal 500, 2016

    “Excellent service, prompt responses and efficient,” is one client’s feedback on Nagy & Trócsányi’s finance advice. 

    IFLR 1000, 2016 ed.

     

  • Library

    The Nagy & Trócsányi Law Library contains over 4,000 legal books and periodicals, as well as a CD-ROM library.
    The Library specializes in international business law and provides on-line access to the major legal databases in Hungary, and worldwide.

    It has been developed primarily to serve our attorneys' professional work, however, it is made available to external Budapest attorneys for on-site research (the usage of the CD-ROM library and on-line databases by outside attorneys might be subject to publishers' restrictions).

    The Library has been lending books and periodicals to other law firms since 1994. Requests are also accepted from academic and legal libraries that make their own material available through inter-library lending.

    For catalog research and further inquiries about the Library please contact our librarian, Ms. Zsófia Horváth at horvath.zsofia@nt.hu.