Dr. Balázs Kántor is the new partner and Head of Tax at Kapolyi Law Firm

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We are delighted to announce that dr. Balázs Kántor, attorney and tax expert, has become a partner at Kapolyi Law Firm and the new Head of Tax. Dr. Balázs Kántor has more than 15 years of experience in tax law, in particular in domestic and international real estate, financing, M&A transactions, securities and tax litigation. Dr. Balázs Kántor is ranked by Chambers Europe, Legal500 and International Tax Review as one of the leading lawyers in the field of tax law in Hungary. He previously headed the tax group of Lakatos, Köves & Partners Law Firm (formerly Clifford Chance).

Commenting on the transfer, Dr Balázs Kántor said. Our aim is to offer solutions to clients’ complex legal problems and to provide advice that takes into account all tax aspects in their transactions. We also aim to build on our existing experience and expand our representation of clients in tax disputes. We want our current and prospective clients to be confident that, in addition to general legal advice, we will also provide them with the highest quality tax advice.”

Dr. József Kapolyi, founding partner of Kapolyi Law Firm, said, ” I am delighted to welcome dr. Balázs Kántor, our new partner and Head of Tax. Balázs’ arrival brings new opportunities for both us and our clients. His expertise is a guarantee that we will solve our clients’ tax problems to the highest standards. I am confident that by working together, we will be able to provide our clients with efficient and effective legal advice on tax matters.”

With the appointment of dr. Balázs Kántor, Kapolyi Law Firm further strengthens its commitment to provide its clients with complex and high quality legal services, with a particular focus on tax law matters. The firm aims to provide its clients with professional solutions to all their legal and tax challenges, thus helping them to achieve their business objectives.

 

Kapolyi Law Firm Advises on Strategic Reverse Acquisition of Foodnet Ltd. by Amixa

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Kapolyi Law Firm is proud to announce its instrumental role in the successful reverse acquisition of Foodnet Ltd., a leading player in the Hungarian wholesale market for consumer foods, by Amixa, a public shell company listed on the Budapest Stock Exchange (BSE). This strategic transaction marks a significant milestone in the operation of the given companies, with Kapolyi Law Firm providing comprehensive legal advice to both Amixa and the three Hungarian investors who owned Foodnet Ltd.

The transaction, which was spearheaded by Viktor Krezinger, alongside key contributions from Ádám Menyhárt and Vivien Szekeres-Benczik, involved a complex reverse acquisition strategy. In this process, Amixa raised its registered capital, and the investors contributed their purchase price claim to Amixa, becoming the controlling owners of the company. This approach allowed for a seamless transition of ownership, ultimately strengthening Amixa’s position on the BSE.

Prior to the reverse acquisition, the investors made a mandatory bid offer to all Amixa shareholders, in compliance with the EU Takeover Bids Directive. This step was crucial in ensuring transparency and protecting the interests of the shareholders, in line with EU regulations.

Furthermore, as part of the acquisition, Amixa listed the newly issued shares on the Budapest Stock Exchange. This was achieved with the approval of a Prospectus by the National Bank of Hungary, following the stringent requirements of the EU Prospectus Regulation. The listing not only enhances Amixa’s market presence but may provide growth opportunities for the company.

Kapolyi Law Firm’s involvement in this high-profile transaction underscores its expertise in navigating complex corporate and securities law matters. The firm’s team, led by Viktor Krezinger, demonstrated exceptional legal acumen and strategic foresight, guiding the transaction to a successful conclusion.

“We are delighted to have played a pivotal role in this transaction, which reflects our commitment to providing top-tier legal services in the Hungarian market,” said Viktor Krezinger, Partner at Kapolyi Law Firm. “This deal not only showcases our firm’s capabilities but also highlights the growing dynamism of the Hungarian corporate landscape.”

This transaction follows the precedents implemented to the Hungarian market in the past 10 years by various transaction of issuers also represented by Kapolyi Law Firm. This new transaction reinforces the reputation of Kapolyi as an excellent legal advisor in the Hungarian capital market.

With the assistance of Kapolyi Law Firm, one of the most significant M&A transactions in the Hungarian accounting sector has been successfully finalized

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On July 19, 2024, with the assistance of Kapolyi Law Firm, a major acquisition deal was successfully concluded between the owners of VGD Hungary, acting as sellers, and WTS Klient Gazdasági Tanácsadó Kft., acting as the buyer. Under the leadership of our colleague, dr. Máté Hájas, who directed the transaction team, our firm provided comprehensive legal representation for the seller.

VGD Hungary is a long-established company with an extensive client base, founded by Hungarian private individuals, and will continue its activities as part of the WTS group following the transaction. The official closing of the deal is expected in early autumn 2024.

As a result of the transaction, WTS Klient significantly strengthens its position in the Hungarian accounting and tax advisory market, becoming the largest player after the Big Four. Kapolyi Law Firm is proud to have been part of this significant market consolidation, representing the owners of the VGD group.

Kapolyi Law Firm Celebrates Its’ 25th Anniversary

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We are thrilled to announce that Kapolyi Law Firm is celebrating its 25th anniversary this year. This milestone is a testament to a quarter century of hard work, dedication, and shared success.

Throughout these 25 years, we have navigated numerous challenges and seized many opportunities. What has remained constant is our clients’ trust and support. We would not be where we are today without them. We would like to thank them for entrusting us with their legal matters and for the opportunity to collaborate on a diverse range of projects. Their success is our greatest reward.

We are also proud to have received international recognition year after year. Our outstanding rankings in the leading directories of the legal sector and the exceptional reviews we receive from our clients confirm that our commitment to quality legal services and our expertise are leading us in the right direction. These accolades reflect not only our work, but also your trust and loyalty.

As we reflect on the past 25 years, we are proud of our accomplishments and the professional relationships and friendships we’ve cultivated. Looking ahead, we are excited about the future challenges and opportunities. We believe the next 25 years will be as successful as the last. We remain dedicated to delivering the highest quality legal services, and we will continue to achieve great things together, with our clients.

 

Kapolyi Law Firm welcomes a new head to its Corporate and M&A Practice Group

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We are delighted to welcome an old-new member to our corporate team, Dr. Máté Hájas, who will once again strenghten  our team with his expertise and many years of experience. Máté started his legal career as a trainee lawyer at Kapolyi Law Firm and now, after nine years, he returns to us in a senior position.

Máté worked as a senior lawyer at DLA Piper in recent years, where he gained significant experience in corporate, capital markets and financial markets law.  In addition, he has been involved in a number of significant M&A transactions, and has handled several corporate restructurings, mergers and demergers.

As head, dr. Máté Hájas aims to further strengthen the market position and reputation of our corporate group. His extensive experience and innovative approach will ensure that our group continues to achieve significant success in the future.

He brings fresh and innovative approaches to new legal challenges. Through his extensive experience he is well versed in the nuances of the profession, handles complex cases effectively and keeps up to date with the latest legislation and market trends. His particular strengths are excellent analytical skills and creativity. These, combined with his extensive experience, will enable him to regularly participate in the most challenging cases and serve our clients’ needs at the highest level.

 

 

The Legal 500: Kapolyi Law Firm is still among the best

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Kapolyi Law Firm continues to be ranked among the top Hungarian law firms by The Legal 500. The firm has been ranked among the most prominent for years for its involvement in major projects such as the successful share issue of the AutoWallis Group, and has been mandated to represent the firm before the MNB in the licensing process of a credit institution, an electronic money issuer and a payment institution.

The Legal 500 is one of the world’s most respected independent legal publications, ranking annually the best performing law firms and lawyers in business law. The rankings are compiled based on 300,000 client feedbacks, applications and peer interviews. In the latest edition of the Legal 500, Kapolyi Law Firm was again rated Tier 2 in the areas of banking, finance and capital markets, and real estate and construction law. The firm, which is celebrating its 25th anniversary, has also achieved a Tier 3 rating in corporate law/M&A and dispute resolution categories.

Our law firm has also received several awards based on individual performance. Sándor HABÓCZKY, Head of the Real Estate and Construction Practice Group, was once again named one of the best in The Legal 500 “Leading Individual” category. Viktor KREZINGER, Head of the Capital Markets Practice Group, has been included in the elite list of “Next Generation Partners” for the fourth consecutive year. In addition, Martin GORTVA, Head of our Global Immigration and Mobility Practice Group, was also recognized in the “Rising Star” category for his work in the field of real estate and construction law.

The firm’s head, József KAPOLYI, emphasized that the recognition reflects not only client satisfaction, but also the firm’s efficient, task-oriented and individual needs-focused approach. And their flexible and practical solutions are key to meeting clients’ changing needs.

Kapolyi Law Firm is among the top Hungarian law firms again according to Chambers and Partners

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Kapolyi Law Firm’s Banking, Finance and Capital Markets Practice along with its Real Estate Group has again been ranked among the best Hungarian law firms in 2024 by independent international legal rating agency, Chambers and Partners. In recognition of the excellent performance of our experts, Viktor Krezinger, head of our capital markets group, and Sándor Habóczky, head of our real estate group, are also among the best.

We would like to thank our clients for their cooperation and trust, which have helped us to achieve exceptional results for many years.

Our Expert on Radio Jazzy

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The morning economic and public affairs programme on Radio Jazzy focused on typical problems with property sales contracts. The guest and expert of the Business Class broadcast on 19 February was Martin Gortva, LL.M., Head of our Global Immigration and Mobility Group and Deputy-Head of our Real Estate Law Group.

The interview can be listened at the following link: https://bit.ly/OurexpertonRadioJazzy

Increasing fines and expected labour inspections from March 2024

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As of 1 March 2024, significant changes will enter into force related to labour safety and health and labour fines. According to the Ministry of National Economy, the government will pay special attention to the prevention of employment-related irregularities, with a special focus on the prevention of workplace accidents.

The lower limit of the labour protection fine per employee will be doubled, beeing increased to HUF 100,000, while the upper limit will be increased tenfold, reaching HUF 100 million. The lower limit of the labour fine will be increased fivefold to HUF 150,000, while the upper limit will be maximum HUF 20 million for medium-sized companies and HUF 25 million for companies employing 250 or more employees.

In order to increase the fines and meet the government’s preventive targets, labour inspections are expected to become more frequent in 2024. Employers should prepare for these changes and improve their health and safety and labour systems where necessary to comply with applicable legislation and minimise potential fines.

 

5 years with AutoWallis, a successful BSE player

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The AutoWallis Group, listed in the Premium category of the Budapest Stock Exchange, is celebrating five years’ anniversary of its carreer on the stock exchange, which we have been providing legal advice to its domestic and international transactions since its listing. The automotive company commemorated the past years with a bell-ringing ceremony on 12 February, during which it became an international player with an outstanding, trend-setting growth and a turnover of almost €1 billion.