Budapest Business Journal 24/11

SPECIAL REPORT:

Report 3Special

BBJ

Law firms

Growth area: Protection

of foreign assets

 24

Civl Code changes

are a break for banks

 26

Judging local law firms

LAW FIRMS

say M&A, Lawyers in Budapest are keeping property and finance a host them busy. We interview reveal and of local legal minds, Chambers. their ranking by

BUSINESS JOURNAL BUDAPEST

VOL. 24. NUMBER 11

JUNE 3, 2016 – JUNE 16, 2016

HUNGARY’S PRACTICAL BUSINESS BI-WEEKLY SINCE 1992 | WWW.BBJ.HU

HUF 1,250  | €5 | $6 | £3.5

Making plans for Budapest

NEWS

Waiting for another credit upgrade When Fitch Ratings agency lifted Hungary’s sovereign debt out of junk status it was good news, but one more positive assessment is needed before the country can start borrowing cheaply. 3

BUSINESS

Government backs riverside project The state’s Eximbank loaned HUF 16.5 billion for a 55-hectare residential, retail and leisure development in Kopaszi-gát, an underdeveloped Danube riverside patch in south Buda. 8

SPECIAL REPORT

MTI: Noémi Bruzák

Helping clients bring their money home Mayor István Tarlós describes the city’s future: Cars will have to pay to drive in the capital, and more flood control is envisioned. 5

Lawyers in Hungary say they still use cross-border mergers to help firms save on taxes, but they are also doing more work for clients who want to be able to pull out and repatriate their investments. 24

congratulates

Weil, Gotshal & Manges

BBJ_2411_news.indd 1

2016. 06. 01. 21:15