Corporate and Competition team further strengthens Lakatos Köves & Partners’ leading independent Budapest practice.
Independent Hungarian law firm Lakatos Köves & Partners (LKT) announces the arrival as partners in the firm of Ádám Máttyus and Eszter Ritter who join LKT from the Budapest office of Kinstellar. Associate lawyer Tamás Oláh also joins LKT from Kinstellar.
Máttyus has a longstanding practice in Corporate/M&A and Competition law at Freshfields Bruckhaus Deringer and Linklaters. His practice focuses on providing general commercial law advice to some of the larger foreign corporates active in Hungary as well as on transactional work. Máttyus’ arrival will bolster the existing LKT offering in this area, joining Richard Lock as partner heading the Corporate/M&A group.
Ritter worked previously for Freshfields Bruckhaus Deringer and Linklaters. Over the last twelve years she has advised multinational clients in all areas of competition law with a strong focus on antitrust, merger control and related litigation work. Her significant expertise and commercial understanding will add particular strength to the LKT Competition Law practice.
Together with Ádám Máttyus’, Eszter Ritter’s and Tamás Oláh’s arrival, LKT also announces the promotion to Partner of Counsel Iván Sólyom who has been with LKT for 16 years focusing on M&A, Telecom and Competition law work. Sólyom and Ritter will co-head LKT’s Competition Practice.
LKT Managing Partner Péter Lakatos said:
“We are very pleased to welcome Ádám, Eszter and Tamás to our firm. In addition to welcoming these newcomers I am also pleased to be able to announce Iván Sólyom’s promotion to be a partner in the firm.
Ádám Máttyus’ practice is a perfect bolt-on to our existing and growing Corporate/Commercial and M&A practice and Eszter Ritter’s arrival significantly enhances our Competition law offering and capability. It is now nearly 7 years since our firm spun off from Clifford Chance. We have focused on developing our international client base and establishing our position as one of the leading independent firms in Hungary serving inward investors and have established the firm as the ‘go to’ independent firm for referrals from international firms. The firm has been expanding over the last two years and the hiring of Máttyus and Ritter marks a significant step up. With their experience at Kinstellar and before that at Freshfields and Linklaters they share our view of the world, and understanding of the needs of our predominantly international clients. Máttyus’ and Ritter’s arrival also significantly enhance our team’s German language offering. This development follows closely upon the arrival from Clifford Chance in London of English qualified Banking & Finance partner John Fenemore.”
LKT Corporate head Richard Lock said:
“The arrival of this team marks a step change for the M&A/Corporate practice and for the firm as a whole. Ádám’s and Eszter’s practice is complementary to ours – a great fit. Ádám brings to the picture a long standing practice of relationship based corporate and competition advice that is a welcome addition to our offering. I am also pleased that Iván Sólyom, one of the counsel and longest starting members of the LKT Corporate team, is being promoted, in recognition of his key role and contribution, both in relation to transactional M&A and also in Competition law work.”
Notes for Editors
About Lakatos Köves & Partners
Lakatos Köves & Partners (LKT) is a 9 partner, 34 lawyer full service commercial law firm based in Budapest, Hungary, with a predominantly international client base, offering cutting-edge know-how and matching innovative legal solutions to business needs.
For many years the firm was Clifford Chance’s office in Budapest, but since 2009 has been independent. LKT’s market standing is reflected in top tier rankings in many areas including Banking & Finance, Corporate/M&A, Real Estate, Dispute Resolution, TMT and Tax. The firm has an extensive referral network of leading international law firms.
LKT’s Corporate/M&A practice has been highly ranked since the 1990s when it was involved in many of the privatization transactions. Subsequently it was involved in some of the larger public company takeovers and in the growing activity in private company M&A including private equity work. Notable recent trends in the activity of the practice have been advice to several multinationals on their exit from Hungary and new arrivals in the market. Within the practice a wide range of general commercial and regulatory work is also handled i.e. competition law, employment law, data protection, etc.
LKT’s Banking & Finance practice continues a long history of innovation, providing advice to lenders and borrowers and other market participants in the financial services sector. The team played an important role in the development of the syndicated loan market in Hungary, and was heavily involved in the financing of infrastructure projects. Currently, areas of focus include advice on insolvency and restructuring in the real estate and other sectors, advice on regulatory issues facing banks, and a growing asset (particularly aircraft) finance practice.
LKT’s Real Estate team has seen dramatic growth in recent years. Headed by partner Attila Ungár it is now top-tier ranked, involved in most of the notable transactions in the sector.
Uniquely in the Hungarian market, LKT has a dedicated Japanese Desk with a long history of working for Japanese investors in Hungary, led by a Japanese speaking, Hungarian-Japanese dual-qualified lawyer. In addition, LKT also operates Italian and German Desks.
Recent highlights of the firm’s practice include representing Citibank on its disposal of its retail business in Hungary; advising on the first high value real estate finance related NPL transaction in Hungary; advising EdF in relation to the sale of Budapesti Erőmű (Budapest Power Plant) to EP Energy; advising Bayerische Landesbank on the sale of its Hungarian subsidiary to the Hungarian State; advising Czech mineral water company Karlovarske on three acquisitions in Hungary; advising Rosatom in relation to the refurbishment of the Paks nuclear power plant; and advising Dubai-based Al Habtoor Group on luxury hotel acquisitions in Hungary and the region.
Ádám Máttyus, Eszter Ritter and Iván Sólyom are recognized in the market.
“Ádám Máttyus is experienced in advising on a full range of M&A issues, supported by knowledge of competition law, privatisation and transaction-related litigation. Clients consider him "calm, accessible and commercial. He can differentiate between legal groundwork and issues that you can solve practically, saving time and costs for the client." (Chambers)
“According to clients, Ádám Máttyus is a very important expert in competition law, with extensive experience in acting before the Hungarian authorities on contentious competition matters. Lately, this has included representing Raiffeisen Bank in two high-profile cartel investigations by the Hungarian Competition Authority.” (Chambers)
“Eszter Ritter offers expertise in cartels, merger control and abuse of dominance cases, and joins the rankings following glowing praise from sources, who report: "She has endless energy and she solves everything down to the dot. She has serious EU competition experience." She led the team in representing Denka and Mitsui in merger notification proceedings regarding their acquisition of DuPont's Neoprene business.” (Chambers)
“Iván Sólyom is recommended for Commercial, Corporate and M&A, Competition law and Intellectual Property in Legal 500 and is described as ‘very knowledgeable and sharp’. According to clients he draws recognition for his activity in the Hungarian competition market, and is also widely recognised for his experience in M&A-related cases.” (Chambers)
Péter Lakatos, Managing Partner
T: +36 1 429 1300
Richard Lock, Partner
T: +36 1 429 1300
Ádám Máttyus, Partner
T: +36 1 429 1300