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- Top Tier Firm 2024
- Legal 500 EMEA
The more complex a real estate law matter is, the more exciting it is. We have been both on the seller and the buyer side, including dealing with gifts and rentals, and assisting with the purchase of real estate by our third country clients.
When dealing with real estate affairs for a company, we are very careful. There is often a need for prior legal due diligence, as we need to have a thorough understanding of the intricacies of real estate rights and obligations.
Long-term thinking is essential in real estate law. The joy of buying or selling often makes us forget to accurately assess the condition of the property and to deal with the responsibilities involved. A good contract must address the smallest details. You have to think about what will happen in two, three or more years.
One of our foreign clients invested in a meat processing plant a few years ago, whose Hungarian owner was under bankruptcy. The handling of this case was very diverse, including a complete due diligence, review of operating subsidies, administration and management of operating licenses. The closing chord of the several-month process was the transfer of plants, where we had to identify and take over nearly two hundred different machines together with our customer. During the twelve-hour handover, we walked through the building from the basement to the attic and were stuck at only one door, which had two keys on paper, but no lock.
„Experience matters a lot in real estate. We are prepared and examine everything, as we have encountered many problems in the past.”
Doing Business in Hungary 2023 is a practical handbook for those thinking about Hungary from a business point of view. The approach running through the guide makes it an essential resource for those considering establishing – and those already operating – a business entity in Hungary.
The firm brings together the highest degree of professionalism, the efficient delivery of legal services with dynamism, flexibility, responsiveness and personal attention.