Banking Law

Being one of the most reputable independent law firms in Hungary, we are present in the field of banking and finance in every aspect a law firm can be presented. Our professional experience includes the everyday operation of banks and financial enterprises, as well as the creation of complex financial arrangements. Our banking & finance team is therefore apt to help clients in technical compliance issues just like to provide them with legal advice in legally sophisticated matters before international forums. Our clientele consists of every corner of the sector from intermediary agents to regulators through regular commercial banks and start-up companies. Knowledge sharing is also an important role we take through which we help future market players to have a better understanding of the legal requirements. Chambers, Legal500 and IFLR1000 rank our banking and finance department and several of its members.

What we do

Loan portfolio transactions

Loan portfolio transactions require a vast knowledge of regulatory requirements regarding loan provision, consumer rights, transfer of and exercise of securities, but also risk allocation between the contracting parties. Due to experiences gathered through more than a quarter of a century, our banking team can handle every aspect of such a transaction. We are proud that apart from structures of portfolio transactions well-known in Hungary, we had the opportunity to build-up new solutions (e.g. forward-flow) too.

Corporate Finance

Besides providing legal services to banks and financial institutions, we also represent companies during their negotiations with credit institutions on credit facility agreements or the restructuring of their existing loans as well as their collaterals. When helping debtor companies through such a complicated process, we are aware of our clients’ business operations, needs, and business strategies.

Fintech

We have advised several start-up companies as well as traditional financial institutions introducing fintech solutions about their planned innovations. The key areas of our banking team concerning fintech cover contactless payment solutions, electronic money issuance and distribution, digital payment solutions, open banking, API driven billing solutions. We are proud that our banking team is the contributor of the Hungarian fintech guide of Mondaq and our partners are regular speakers of fintech-related conferences.

Litigation

Along with our litigation team, we can represent our clients in lawsuits both before ordinary courts and arbitration courts. We have also gained experience before the Constitutional Court and international forums. See more

Establishment, licencing

From the very beginning of the creation of the Hungarian commercial banking sector, we have been participating in the establishment, restructuring and licensing of several financial institutions.

Compliance

Complying with a constantly changing legal environment may be challenging even for the largest financial institutions. Our banking team, however, has gained an in-depth knowledge about the daily operation of financial institutions based on which we can help to adapt to newly introduced rules. During the years, we provided legal assistance to the biggest Hungarian banks and financial enterprises as well as several credit-intermediary agents. We have followed several investigations led by the regulatory authority in the course of which we have gathered significant knowledge regarding the practice of the regulator.

Miscellaneous matters

We advise financial institutions concerning complex data protection and confidentiality matters. See more

We help our clients in the creation of cross-selling opportunities, primarily relating to insurance, investments and banking products.

We participate in the conclusion of co-operation agreements between financial institutions and agents, distributors and utility providers. We also create the necessary documentation for the implementation of these co-operations.

Recent deals

• advising the National Deposit Insurance Fund concerning the sale of claims against 11 credit institutions;
• advising a European credit institution in a Pan-European securitisation transaction;
• preparing a legal opinion for a French bank in a cross-border factoring transaction;
• reviewing the lease agreement of a Hungarian bank;
• representing the shareholders of banks in front of the Constitutional Court and the European Court of Human Rights;
• advising lenders and the borrowers in syndicated loan transactions;
• advising foreign investors relating to bank acquisition;