We continue to build our international relationships at the International Bar Association (IBA) Annual Professional Conference in Miami, where we expand and update our knowledge by attending presentations and workshops on corporate law, M&A and dispute resolution, among other topics. Our law firm will be represented at this international event by the founder and head of the firm, József Kapolyi.
One of Keszthely’s new high quality residential projects, Helikon Terasz, has reached the construction stage and held a ceremony with the participation of the contracted buyers in mid-May. Work is progressing according to plan, the first phase of the project is expected to be handed over in the first quarter of 2023. As legal advisors of the investor Blue Corso Zrt., we are proud that Kapolyi Law Firm, with the support of our real estate and construction law team, can be part of the 21st century smart home project envisioned for the Balaton shore!
Legal 500, the international professional publication, selected Kapolyi Law Firm in its independent ranks as one of the best domestic law firms in four legal fields at the same time. The legal service provider with more than 20 years of professional background has retained its leading position in capital markets and banking and finance law and further strengthened its position in the field of real estate and legal enforcement law, its staff members have achieved outstanding positions individually, too.
In this year’s ranking Legal 500 evaluated the service of Kapolyi Law Firm with a very high ranking in several areas. As it has been for years, this year Kapolyi Law Firm was ranked in the highest Tier 1 category in the field of banking, finance and capital markets law, thus recognizing its market-leading position among domestic economic law service providers. With more than twenty years of experience and an ever-expanding system of domestic and international contacts, Kapolyi Law Firm has further strengthened its position in the field of real estate and construction legal services too, in recognition of which the prestigious publication awarded again a Tier 2 ranking this year. Based on professional evaluations, the Law Firm is now ranked among the bests in the category of Tier 3 also for its corporate law / M&A and dispute resolution legal services.
In this year’s Legal 500 individual ranking two members of the Law Firm’s team were again highlighted among the leading legal professionals. Dr. Sándor Habóczky, head of Kapolyi Law Firm’s real estate and construction law practice group, who provides legal advice to domestic and foreign investors, developers and real estate funds, is again ranked among the best in the “Leading Individual” category. Dr. Viktor Krezinger, who has headed the Firm’s capital markets practice group for many years and provides legal advice to listed issuers, investment fund managers and investment service providers, also received a prestigious award. His professional work has been ranked among the bests in the “Next Generation” category for the second year running.
Commenting on the awards, Dr. József Kapolyi, head of Kapolyi Law Firm, said that they are particularly proud of the successes achieved in new practice areas and are pleased that the success of the Firm’s practical, accurate and prompt service style has been recognised by the prestigious international professional publication, based primarily on positive and appreciative feedback received from clients.
Kapolyi Law Firm, as legal representative of ReMat Hulladékhasznosító Zrt., was also involved in MOL’s recent transaction whereby the international oil and gas company acquired Hungary’s leading plastics recycling company. Dr. József Kapolyi, head of our office, dr. Gábor Horváth, head of our corporate team and dr. Zoltán Bánki, member of our corporate team participated in the preparation of the share sale agreement and the contract negotiations on behalf of our law firm.
You can read more about the transaction here: https://www.portfolio.hu/uzlet/20220401/a-mol-felvasarolta-magyarorszag-piacvezeto-muanyag-ujrahasznosito-vallalatat-537021
Kapolyi Law Firm has been ranked also this year among the top 15 law firms in Hungary in the real estate and capital market law category by the independent international legal rating agency, Chambers and Partners. dr. József Kapolyi, founder and head of Kapolyi Law Firm, and dr. Viktor Krezinger, head of the capital market law practice group finished among the top ten Hungarian legal experts in the field of capital market law. In the real estate category dr. Sándor Habóczky, head of the real estate and construction law practice group, was also ranked among the top ten by the international rating agency.
In addition to the high ranking, we are especially pleased with the many positive feedback we receive from our clients, which continue to encourage us to provide the most comprehensive, complex and innovative legal services available to our partners.
On 24 November, shares from the public transaction of the AutoWallis Group were listed on the Budapest Stock Exchange in the BSE Premium category at a ceremony with the ringing of the Budapest Stock Exchange bell. We are very pleased that Kapolyi Law Firm was able to act as legal advisor in the preparation of the HUF 10 billion share issue and the listing of the new shares on the stock exchange, which is unique in the Hungarian securities market as shown by the double oversubscription. Our law firm has been supporting AutoWallis as legal advisors for years, in our cooperation, this issue is also an outstanding one in terms of capital market history.
Further details on the listing of AutoWallis Plc’s new shares can be found here.
The public issue of shares listed in the Premium category of the Budapest Stock Exchange by AutoWallis Nyrt. closed on 9 November with a huge interest, far exceeding preliminary expectations, with Kapolyi Law Firm acting as legal advisor in the preparation and execution of the issue. The huge success is also demonstrated by the fact that the retail subscription and the institutional auction received subscription requests up to 17 billion HUF, compared to the previous plan of 6-8 billion HUF. The issue is of particular significance for the Hungarian capital market as a whole, as there has not been a retail share subscription of this size on the Budapest Stock Exchange for more than 10 years.
Kapolyi Law Firm is proud to be part of such a success story as the legal advisor to the issuer and to provide further legal support to AutoWallis Group in its growth strategy to become the leading car and mobility provider in the Central and Eastern European region.
Click here for more information about the share issue of AutoWallis Nyrt., which ended with more than double oversubscription.
Kapolyi Law Firm prepared the legal background of the public share issue of AutoWallis Nyrt.
Kapolyi Law Firm, a leading law firm in capital markets, acted as legal advisor in one of the most exciting stock market success stories of recent years. AutoWallis Nyrt., a company listed in the Premium category of the Budapest Stock Exchange, plans to raise funds in the range of HUF 6-8 billion. Kapolyi Law Firm will act as a legal expert for the company’s retail share sale from 25 October to 9 November and the institutional share sale from 2 to 9 November. The car company, listed on the Hungarian stock exchange, presented the terms and conditions of the fundraising and its strategic objectives at a press conference on 14 October. Our law firm participated in the event as a partner.
For more details about the share issue and the growth strategy of AutoWallis Nyrt. click here.
Two experts from Kapolyi Law Firm gave a presentation in connection with the Growth Bond Programme of the National Bank of Hungary at the ELITE workshop of Budapest Stock Exchange
On 6 October, the Budapest Stock Exchange organised ELITE workshop, an international corporate development training with the participation of nearly twenty companies, the main topic thereof was financing. The event featured presentations by representatives of renowned companies and institutions such as Deloitte, Hiventures, the National Bank of Hungary, Széchenyi Funds and Budapest Bank. Kapolyi Law Firm was represented by dr. Viktor Krezinger, partner and head as well as dr. Ádám Imre Menyhárt, member of the capital markets practice group. They gave a presentation on the legal requirements and conditions for bond issue inside and outside of the Growth Bond Programme of the National Bank of Hungary.
Wing has issued green bonds worth around HUF 25.3 billion under the Hungarian National Bank’s Funding for Growth Scheme (FGS). One of Hungary’s largest real estate developers and investors committed to environmentally friendly solutions, will use the funds raised from the 10-year bonds, with a fixed annual interest rate of 3 percent, exclusively for environmentally friendly developments. Kapolyi Law Firm provided full legal support for the successful bond issuance carried out on 20 September 2021, including the preparation of the Information Memorandum, the smooth execution of the issuance process and the registration of the green bonds on the BSE Xbond market.
Further details on the Wing Green Bond issuance can be found here.