Nagy & Trócsányi

Hungary

Reviews

Practice area

IFLR1000 Reviews

Financial and corporate

Nagy & Trócsányi is a domestic firm that is active in banking and finance and M&A. 

With regard to banking and finance the firm has advised banks on regulatory advice, security advice, and some transaction documentation. A highlight in this respect was advising Sberbank on loan collateral enforcement issues. 

In M&A the firm represented large corporate entities and generally provided due diligence reports for acquisitions, often working in the renewable energy sector. A more specific example of the firm’s work was representing KS ORKA Renewables on the acquisition of a company opening the first geothermal power plant in Hungary. 

Other noteworthy clients of the firm not previously mentioned include Raiffeisen Bank, OTP Bank, and the Government of Hungary. 

Client feedback 

"Péter Nagy is an excellent litigator with in-depth knowledge of procedural law and strategic thinking. Zoltán Varga has in-depth knowledge in derivatives, retail, corporate, banking, and dispute resolution. The firm's solutions are focused on clients' needs, and their services are great value for money." – Derivatives 

"Reliable, quick and professional." – Investment funds 

"Strong local practice with good connections to authorities. Excellent understanding of the market." – Regulatory 

"We approached their banking and finance team for assistance in connection with a Polish finance transaction involving a Hungarian law element. It is the first time we had a chance to cooperate with their banking team. I think that, generally, their level of responsiveness is acceptable. In some cases we had to ask some follow up question to receive a bit more specific advice or recommendation our banking client was seeking for. However, it has to be mentioned that due to completely non-standard nature of the questions we had, driven by some debt restructuring angle to our matter, I can imagine that the answers were sometimes not so straightforward." – Banking, restructuring  

Zoltán Varga

"Great added value, focussed on client needs."

"Professional, reliable, good value for money."

"Good understanding of the local market and litigation developments; valuable connections and working relationship with authorities."