Budapest, 27 April 2018. From May 2018, Erika Papp - Head of the CMS Banking & Finance team in Hungary - assumes the position of Managing Partner at CMS Hungary. She replaces Gabriella Ormai, managing partner of CMS Hungary for the past 22 years, who will continue in her role as co-head of the Budapest commercial team.
Gabriella has been with CMS Hungary since its formation in 1989 and has a strong market profile and reputation, working on many of the transactions that have shaped Hungary and its economy over the course of her career to date.
“In the last 30 years, CMS has grown to become the largest law firm in Hungary. We have cemented our position as a leading law firm in all of the major international legal directories and work on some of the most high-profile transactions and projects, both in Hungary and across CEE” – says Gabriella Ormai.
She added: “I know that Erika will be a terrific leader. She has an impressive track record built up over the last 20 years, and I am confident that her drive, personality and leadership acumen will bring the very best out of our great team moving forward, ensuring the office continues to thrive.”
Erika Papp has been with CMS since 1996 and will continue to head the Budapest Banking & Finance team as Managing Partner.
“It has been very exciting to see and be part of CMS’ incredible journey in Hungary to date. I am honoured and excited about the new role, and the opportunity to continue to shape CMS’ bright future together with the Budapest partners and our talented team here”- says Erika Papp.
She continues: “We have exciting times ahead – in today’s rapidly developing technological environment, law firms more than ever need to be agile and innovative. The CMS Budapest team has always believed strongly in leading the way rather than following the pack – we are in a great position, and I look forward to seeing where we can take the office in the coming years".
About Erika Papp
Erika has several years’ experience of practising business law in Hungary, particularly in transactional and banking law and securities law. Erika has amassed considerable knowledge relating to financial transactions, regulatory issues, derivatives and investments. Almost all of the largest players in the Hungarian financial services sector can be found among her clients.
Erika participated in developing the so called “Budapest rules” that is the Hungarian adaptation of the London rules, a system of support for companies in financial difficulties, usually involving the co-operation of a number of creditor banks.
She is an arbitrator at the Permanent Arbitration Court attached to the Hungarian Chamber of Commerce and Industry and she is a leader of banking of AmCham’s Regulatory Committee.
Erika is recommended by Legal 500 and Chambers and Partners in several categories, including Banking and Finance, Project Finance, Capital Markets and Restructuring and Insolvency. She is acclaimed by clients as a lawyer who "always understands the intention of the business and provides flexible solutions to problems raised by the other party," adding: "Her oversight and international experience is quite invaluable, and she's always happy to integrate our expectations." (Source: Chambers Global)
About CMS Budapest
Founded in 1989, CMS is a full-service international law firm in Hungary, employing over 70 lawyers. CMS provides a wide range of expertise across 19 expert practice and sector areas, including Corporate/M&A, Energy, Funds, Lifesciences, TMC, Tax, Banking and Finance, Commercial, Competition & EU, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate & Construction. As part of the global CMS network, CMS is the largest European and the 10th biggest global law firm, with 74 offices and 4500 lawyers around the world.
For more information, please visit cms.law