KNP LAW

The strength of Hungary’s labor market is one of the reasons many foreign investors chose to make Hungary their home base in the European Union.  Hungarian workers are well-educated, highly skilled, and integrate well with global teams.  Identifying, hiring, and retaining such talent is crucial for any company, even when technological change disrupts many aspects of the traditional employer-employee relationship. 

Labor law is a sensitive area that interweaves the lives of companies and individuals and often presents situations that require unique solutions.  It is an area of the law where an informed human sensibility is essential.  Our experienced Labor and Employment Law Group is particularly well-suited to help clients navigate the legal and cultural landscape of this area of the law in Hungary and to create a flourishing employee culture that is fully compliant with relevant laws and regulations.

KNP LAW is known for its commercial real estate experience in developing, investing, and transactions related to property in and around Hungary. Through our experience, we have gained in-depth, practical knowledge that covers all aspects of real property law and related taxation regulation. Therefore we can provide quality, complex consultation and assistance through the entire procedure of acquisition, renting, structuring, construction, development, and the re-development of real properties.

KNP LAW is associated with several significant commercial real estate developments and has been involved in numerous transactions in and around Budapest. Our clients include foreign states and governments, leading global hotel and office building investors, international educational institutions, shopping center operators, and businesses active in other real estate developments.

The related transactions include purchasing, selling, and renting diplomatic facilities, five-star hotels, office buildings, shopping centers, and properties of other users. KNP LAW’s real estate team prepares purchase and sale agreements. We provide complex property development consultation and assistance covering purchasing, rezoning, planning, financing, project management, investment, and construction assistance.

We represent buyers, sellers, investors, and financial advisors in significant and complex transactions carried out in Hungary. Generally, our team advises foreign entities acquiring in Hungary, serving as their primary advisor throughout the transaction. This cross-border element requires us to collaborate regularly with some of our partner offices worldwide. The goal is always to find solutions to meet the needs of our clients. This involves and requires thorough due diligence and risk assessment to be carried out before and during the transaction. In the past, we have advised multiple pharmaceutical companies, technology companies, and both private equity and venture capital firms on acquisitions they are seeking to carry out involving Hungarian entities or individuals. We serve as a counsel and a business advisor through every stage of the deal, which is often indispensable for buyers or sellers who need to have a connection or knowledge of the Hungarian market.

Few legal proceedings are as high-stakes as a criminal investigation or prosecution.  The cost to a corporation of having been found to violate criminal law can be devastating both in terms of financial penalties assessed and with respect to loss of reputation.  For individuals, a criminal conviction can be career-ending and result in losing their freedom.

KNP LAW's White Collar and Criminal Law Practice offers clients facing the possibility -- or reality -- of criminal prosecution the full resources of the firm's lawyers, providing knowledgeable and experienced support to our clients during these highly sensitive proceedings.

No company wants to find itself in financial distress.  But having a skilled, knowledgeable, and experienced team by your side during these difficult times can be the difference between failure and a good outcome.  With professional advice, some ailing businesses can get through the rough patch and come out stronger on the other end – to benefit their creditors, employees, and owners.

The Hungarian market has undergone tremendous changes over the past thirty years. The Restructuring and Insolvency team at KNP LAW has been by our clients’ side to help them navigate challenges during the inevitable difficult periods.  

Now especially more than ever due to the COVID-19 pandemic, we are mindful of the severe disruptions that continue to ravage many sectors of the national and global economy, especially in the travel, tourism, and hospitality sectors.  We have been increasingly called on to help our clients identify and implement creative and effective strategies to ensure that they can weather the ongoing storm without sustaining permanent damage to their business. Now more, individualized attention and a holistic approach drawing on the experience and expertise of an entire law firm are essential to crafting a strategy that can give clients a path out of the difficult straits they find themselves.