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
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