Members' News

CMS advises Becton Dickinson on the construction of a new plant in Hungary

 

CMS Budapest advised US medical technology company Becton Dickinson on its new plant opened at the Tatabánya industrial park, west of Budapest, following a HUF 6bn investment. The 10,500 square-meter plant will make immunology and cellular biology research reagents used for manufacturing medical products and it will reach full capacity in 2018 when it makes 8,000 different products.

The team assisting Becton Dickinson was led by Senior Associate András Klupács and Real Estate Partner Gábor Czike.

 

Hilton Budapest - New conference facilities in the Castle District of Budapest

Held on 1st June of 2017, the opening ceremony of Hilton Budapest’s Ballroom marked the completion of Phase 3 in the hotel’s comprehensive renovation project. As a result, the first floor of the building now offers a completely renovated Ballroom as well as a modern conference centre satisfying all needs. As far as the interior of the Ballroom and the related conference and meeting rooms were concerned, British design house Goddard & Littlefair was tasked with creating spaces fully in line with the existing image while also meeting the requirements of Hilton Budapest’s elegance and the business sphere. Another important aspect was that the multifunctional rooms may be used in variable size distribution so that they could be suitable for business meetings as well as private events. The renewed Ballroom is a perfect venue for gala dinners, conferences or other events as its 510- sqm size and 600-person capacity meets any demands. Equipped with cutting-edge audiovisual systems such as BOSE audio, professional data transmission devices and high-resolution screens, the Ballroom also has new furniture, curtains and carpets that match the elegance of any high-key event.

In addition to the Ballroom, the grand meeting room, which can be subdivided into three rooms (Endre, Béla, Levente), the separate conference room (Gizella) and four other Boardrooms have all been renewed as well. With a total area of 104 sqms and a capacity for as many as 106 participants, Endre-Béla- Levente meeting rooms are 35 sqms each. The enormous windows of the rooms offer a magnificent view on the Matthias Church. Ideal for meetings with 10 participants, the renovated Boardrooms provide user-friendly, touch-screen- controlled lighting, projector and audio technology along with window shading designed to fully shut out external lights. Owing to the high technology applied, guests can follow each moment of the Ballroom via the 60 inch smart HDTV sets installed in the rooms. With their views on the Parliament or the Dominican yard, the elegant air-conditioned rooms couple comfort with technical solutions.

New General Manager at GSK Pharma Hungary

GSK Hungary is pleased to announce that Samuel (Sam) Shaw has been appointed GM Hungary as of 1 October 2017. Sam joined GSK in 2013 as Global Marketing Director in the Global Respiratory Franchise before taking on his current role. Sam is a qualified physician and prior to joining GSK, he held a variety of roles across sales, marketing and medical affairs in Astra Zeneca UK and Servier. In his new role, Sam is responsible for managing the Pharma operations in Hungary and is a member of Central Europe Leadership Team.

Claire Roger, who lead GSK HU since 2015, has been appointed Commercial Director, Vaccines New Assets, France.

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Danubius revamping more than just the appearance of its hotels

Balázs Kovács, CEO of the Danubius Hotels Group looks back with satisfaction at the recent period and optimistically ahead to the coming months. He has a good reason for this as the hotel company has plans to introduce several novelties in the near future to increase guest satisfaction and to provide high-standard service at events in addition to the renovations already completed.

Budapest had a very successful season from the point of view of tourism. What does it mean for the Danubius Hotels Group?

On the whole, it can be said that these were the most successful months of our history of almost 50 years, which resulted from the sustained efforts and good teamwork of all of our colleagues.

Between May and August, sales are dominated by leisure tourism. During these months, we operated at high occupancy rates already in earlier years, but this year we managed to achieve a substantial increase in average room rates. This was also supported by various sports and other events such as the Formula-1 Hungarian Grand Prix and the 17th FINA World Championships held simultaneously in July. In the case of the latter, the Danubius Hotels Group was in a special position as our hotels were among those where organisers booked rooms for the athletes.

What renovations were completed this summer?

In Budapest, three of our hotels underwent more than a facelift. At Hilton Budapest, we renovated two-thirds of the rooms and created a spacious group check-in area for receiving large groups, from which guests are taken to the lobby by a panorama lift overlooking the most splendid sight of the city. We have modernised the Ball Room, which has the capacity for 600 guests, making it an even more perfect venue for weddings, gala dinners and conferences. This was done with the involvement of renowned interior designers, ensuring that all design elements reflect the harmony between the hotel’s historic features and modern elegance. I am convinced that our Buda Castle gem deservedly attracted recognition two years ago when it was one of the gold winners of the London Design Awards and in May this year when it won the title of Hungary’s best five-star conference hotel.

We will soon continue renovating the rooms at the Hilton, just as at the Radisson Blu Béke Hotel on the Grand Boulevard, where guest rooms and suites on two floors have so far been renovated. Here, the style of the interior furnishings combines sleek Scandinavian design and refined ergonomic solutions. We have also approved some exciting ideas for the revamping of the lobby and the Café Zsolnay, which has been firmly attached to the name of the hotel. So we will set to work again in the autumn.

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Kempinski Hotel Corvinus Budapest introduces its new Ten Rooms concept

Budapest, 18 April 2017 - Kempinski Hotel Corvinus has refurbished the entire first-floor meeting and events area, making its MICE offering the most innovative and unique by introducing the latest technology and design in the local market. Not only has available space-grown, but also creative opportunities! 

The objective was to bring the same quality of contemporary glamour as the recent transformation of the hotel’s public areas. The project has been managed in two phases. The first phase, taking place in summer 2016, saw the ballroom and associated areas benefit from a gentle redesign; phase two, which is on site as of April 2017, involves significant internal reconfiguration of the function rooms as well as new design schemes. Together, the works optimised the potential of this floor and created the level of experience commensurate with the Kempinski brand. Throughout, the design narrative by MKV Design followed the principles and aesthetics of the ground-floor public areas. 

New high-quality events furniture such as chairs, tables and desks of various sizes have been sourced from Brunner Germany, known for its smart products and top functionality. At the same time, the chefs have more opportunities for an updated gastronomic presentation, adding even more creative and healthy inspiration to the banquet menus. The Hotel’s contemporary art collection has acquired new pieces, to decorate the new events floor. 

 

Please click here to read the full press release.

 

CMS Budapest strengthens its Insurance practice with a senior hire

István Pozsgay has joined the Insurance practice of CMS as Of Counsel, effective from 2nd of October. 

István brings over 20 years of experience working as a commercial, transactional and regulatory legal professional in multinational corporate environment at US-based insurance companies in Hungary. Before joining CMS, István was Head of Legal and Data Protection Officer at MetLife Hungary and General Counsel and Compliance Officer at AIG/ALICO Hungary, where he also gained robust experience in compliance and data protection matters.

Managing Partner, Gabriella Ormai comments: “Adding István to our team illustrates our mission to have the best sector-experts on board. He has an extremely valuable knowledge and understanding of the insurance sector, which we intend to fully capitalize on.” 

“István’s work as a corporate counsel earned him an outstanding reputation on the market and a strong national and international network of key figures in the insurance sector, which will be an invaluable asset to us” – added Zsolt Okányi, CMS’ Global Head of Dispute Resolution and Head of Dispute Resolution at CMS Budapest.

“As Head of Legal at MetLife, I have been working with CMS for many years before actually joining the company, so I know that I will be part of a competent and professional team. I am positive that my years of experience as a corporate counsel in a heavily regulated sector such as the insurance sector will add a new dimension to the team’s current capabilities.” – said István Pozsgay.

CMS Budapest appoints József Várady as new real estate partner



CMS Budapest promoted its senior counsel József Várady to a partner of its real estate group. 

József has been working at CMS Budapest for over 14 years, where he has been involved in several real estate transactions and advised major Hungarian and international clients on real estate projects and litigation matters related to the sector. He also has significant experience in corporate and financing transactions and tax matters. 

„I am delighted to take a partner role within CMS. It is exciting times now in the real estate sector in Hungary and across the region and my priority as the new partner is to help further develop our No.1 real estate practice and keep servicing our clients to the highest standards” – said József Várady.

The appointment is part of the joint partner promotions of CMS, Nabarro and Olswang, involving 48 partners in 26 offices. The three firm have completed their merger on 1st of May, creating the world’s sixth largest law firm by lawyer headcount. CMS Cameron McKenna Nabarro Olswang is now present in 39 countries with 70 offices.

Gábor Czike, Head of Real Estate at CMS Budapest’s commented: “As our firm grows bigger and bigger, we also have to ensure the continuous growth of leadership and over the past years József has proven himself many times as an exceptional lawyer and a leader. His promotion not only reflects the invaluable contribution he has made to the firm but also our commitment to further invest into the real estate practice.”

József commenced his new role on 1st of May 2017.

 

Kinevezték a Budapest Bank új vezérigazgatóját

Budapest, 2017. árpilis 4. – Tóth Viktort, a Budapest Bank eddigi vállalati üzletágvezetőjét bízta meg a vezérigazgatói feladatokkal április 1-től a bank tulajdonosa, miután a korábbi vezérigazgató, Zolnai György március 31-én távozott a pénzintézet éléről. A korábbi vezérigazgatói és elnöki hatáskörök megtartása mellett a tulajdonos április 1-től Dr. Lélfai Koppányt, az MFB vezérigazgató-helyettesét nevezi ki a Budapest Bank igazgatótanácsának elnökévé, aki jelenlegi pozíciója mellett látja majd el az elnöki feladatokat. A tulajdonos a Budapest Bank felügyelőbizottságának elnökévé Bernáth Tamást, a Magyar Fejlesztési Bank elnök-vezérigazgatóját nevezte ki.

Tóth Viktor, a bank eddigi vállalati üzletágvezetője és vezérigazgató-helyettese kapta meg a tulajdonos bizalmát, és megbízott vezérigazgatóként április 1-től irányítja a bankcsoportot. A vezető több mint 25 éves tapasztalattal rendelkezik a bankszektorban, 1998 óta dolgozik a Budapest Bankban, ahol karrierje során mind a vállalati, mind a lakossági üzletágban számos vezetői pozícióban tevékenykedett sikeresen. 2008-tól 2010-ig a bank vállalati üzletágának értékesítési vezetőjeként Tóth Viktornak jelentős szerepe volt a gazdasági kihívásokhoz való sikeres alkalmazkodásban, a vállalati ügyfelek elégedettségének megőrzésében. 2010. május 17-től a Budapest Bank vállalati üzletága, a Budapest Bank Business vezetője volt, vezetése alatt a bank kkv hitelkihelyezése – a csökkenő piaci trendek ellenére – folyamatosan növekedett

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Szecskay Attorneys at Law's 25th Birthday

Szecskay Attorneys at Law celebrated its 25th Birthday with over 400 clients and peers on the 12th of September 2017. Founder and named partner Andras Szecskay opened the event by giving an overview of the office’s past 25 years, from its beginnings after the political and economic changes in 1989 and the following period when international law firms entered the Hungarian market in the 1990s. He also explained other important milestones, such as the decision by the firm’s partners to remain independent.

Loyalty, commitment, dedication and professionalism are the key markers defining the office’s past and present. All 16 partners at the firm are “home-grown” and some of them have been working with the office right from its foundation.

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Budapest Airport invites retailers to submit EOI in further elevation of retail proposition

Budapest Airport is calling for ‘expressions of interest’ from retail providers to enter its upcoming tender process for outlets in the heart of the shopping environment in the SkyCourt and Terminal 2A. Spanning some 550m², several new five-year contracts are available in Hungarian souvenirs and fine food, fashion and accessories as well as watches and jewellery in a move to elevate Budapest’s current retail proposition.

Retailers should present EOIs to retailtender@bud.hu by indicating the tender number the retailer is interested in. Retailers can bid for one, all or a combination of the offered shops.

Submission deadline as 3 April 2017 COB.

RFP containing all relevant information for preparing the bids will be issued after review of all received EOIs.

“In the last two years, we have seen passenger numbers increase by around 23% and with growth forecasts continuing to project best in class levels, now is an ideal time for any potential new retailers to join Budapest Airport in what we believe are extremely high-yielding segments of SkyCourt and Terminal 2A,” commented Kam Jandu, Chief Commercial Officer, Budapest Airport. “Our fantastic year to date 2017 traffic results will play an important role in attracting the dynamic and relevant players we wish to see at Budapest Airport,” Jandu added.

 

For the full press release and further details, please click here.

CMS Budapest advises NEPI Rockcastle on EUR 275 million acquisition of Arena Plaza shopping centre in Budapest

CMS advised NEPI Rockcastle plc on the acquisition of Arena Plaza shopping centre in Budapest, through buying all the issued shares in, and claims against, Symmetry Arena Ingatlankezelo Korlatolt Felelossegu Tarsasag, the owner of Arena Plaza. 

With a gross lettable area of 66,000m2, Arena Plaza is the second largest retail centre in Budapest and its EUR 275 million acquisition is considered to be one of the biggest Hungarian real estate transaction this year.

Real Estate team included Partners Gabor Czike and Jozsef Varady and Senior Associate Andras Klupacs, Associate Zsofia Zsurzsa, Trainee Aniko Szucs, and Lawyer Laszlo Jokay. The CMS Budapest Banking team representing the banks (as sellers of the senior loan receivable) in the framework of a Chinese Wall arrangement included Partner Erika Papp and Senior Associate Dorottya Varga-Giesz. Corporate law matters were covered by Partner and English law specialist Eva Talmacsi and Senior Associate Zoltan Poronyi.

CMS strengthens its German capability in Central and Eastern Europe with key hires

     

PRESS RELEASE
-----------------------------------
Contact: katalin.kovacs@cms-cmck.com
Date: 16 March 2017

CMS is pleased to announce the appointment of Andreas Köhler who joins CMS’ CEE Practice as Partner and Head of CEE German Projects. Andreas will commence his role on 16 March 2017. He brings over 15 years of experience working on region-wide transactions, dispute resolution, commercial and employment matters on behalf of international, in particular, German, Austrian and Swiss clients. Andreas is based in Budapest and will work closely with regional practice and sector heads in the CEE & DACH regions and beyond. 

Andreas joins CMS from Dentons in Budapest where he was head of the Hungarian Corporate and Commercial practice and co-head of the firm’s global German practice.

He is joined by a senior associate and native German and Hungarian speaker, Gabor M. Toth, who will work with the Commercial and German Desk groups at CMS in Budapest. 

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CMS BUDAPEST ADVISES INVITEL GROUP ON THE SIGNING OF A SHARE PURCHASE AGREEMENT FOR THE SALE OF THE GROUP’S RESIDENTIAL BUSINESS TO DIGI HUNGARY FOR EUR 140 MILLION

CMS Budapest has advised the Invitel Group (Ilford Holding Kft. and Invitel Technocom Távközlési Kft.) on the signing of an agreement for the sale of shares representing 99% of the share capital and voting rights of Invitel Távközlési Zrt. to the Hungarian subsidiary of DIGI Communications. The agreement is subject to certain conditions, including approval by the Hungarian Competition Authority.

Invitel Távközlési Zrt. is part of the Invitel Group and is one of the key operators in the Hungarian telecommunications market with over 20 years’ experience, offering TV, internet and telephone services to residential and small business customers. The EUR 140m transaction is expected to complete in Q1 2018.

Earlier this year CMS Budapest has also assisted in the acquisition of Invitel Group by the China Central and Eastern Europe Investment Co-operation Fund, which is advised by CEE Equity Partners.

The CMS team assisting the Invitel Group was led by Anikó Kircsi, Partner, Head of Corporate/M&A and included Gábor Gelencsér, Senior Counsel from the corporate team. On the competition side, the team was supported by Dóra Petrányi, Partner, Head of Competition and Szabolcs Szendrő, Senior Associate.

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