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Andrejic & Partners Assists Michael David Greenfield's Insolvency Trustee in EGFE Hungary Takeover

Andrejic & Partners Assists Michael David Greenfield's Insolvency Trustee in EGFE Hungary Takeover

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Andrejic & Partners has assisted Israel-based attorney Lior Dagan as the insolvency trustee appointed to Michael David Greenfield in the takeover process of EGFE Hungary.

According to Andrejic & Partners, “Michael David Greenfield, aka Michael Ben-Ari, has been suspected of the largest Ponzi scheme ever in Israel, with over USD 150 million in investor damages. The countries that he allegedly funneled money to included the USA, Hungary, Serbia, Montenegro, and many others. The case is still ongoing, albeit the EGFE Hungary takeover process has been completed.”

According to Seiden Legal, which represents court-appointed trustee Lior Dagan in the US, Greenfield is accused of defrauding hundreds of people in a 15-year-long scheme.

Andrejic & Partners' team included Partner Aleksandar Andrejic and Associate Sofija Stefanovic.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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