Forgo, Damjanovic & Partners' corporate/M&A practice has been particularly active with venture capital investments in the IT sector, acquisitions in pharma and food supplements, and ongoing renewable energy deals, with these industries expected to continue driving activity, according to Managing Partner Zoltan Forgo.

With the accelerating push for decarbonization and the growing focus on energy security and sustainability, RRH Legal Managing Partner Indir Osmic and CMS Romania Partner Varinia Radu discuss national and regional developments, investor sentiment, and the key trends shaping the CEE energy sector.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

As of 20 June 2025, the Hungarian ESG Act was amended once again. By amending the transitional provisions of the ESG Act, the amendment provided further relief to enterprises in terms of their sustainability due diligence obligations for the 2024-2026 financial years, thereby reducing the burden on enterprises subject to the ESG Act.

Baker McKenzie has advised Arenim Group on its sale of ArenimTel to Vesta Software Group. Bird & Bird advised Vesta.

Tallar has advised Wizz Air on its agreement to become the main sponsor of the Hungarian national football team under a deal with the Hungarian Football Federation.

A new government decree issued by the Ministry of Energy entered into force on 25 July 2025, aiming to make water management regulations more transparent and flexible. One key change is that water authorities may now hold public hearings electronically, for example, via video conferencing or by publishing materials on their official website.

Forgo, Damjanovic & Partners has advised Hungaropharma on its acquisition of Bijo.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around, we asked: What is the ratio between business development activities and billable hours for Partners within your team, on average?

On May 22, 2025, the US House of Representatives passed the One Big Beautiful Bill Act of 2025, a comprehensive piece of legislation that includes Section 899 – a measure designed to push back against foreign tax policies seen as unfair to US businesses. This provision, if passed by the US Senate in unaltered form, could have significant consequences for Hungary, where taxes on foreign online platforms and digital advertising have already created friction with international firms. With no active tax treaty between Hungary and the US since January 1, 2024, the potential for heightened tax burdens looms large. This article explores how Section 899 could reshape the landscape for businesses operating across these two nations.

Jalsovszky and KNP Law have integrated their activities, with the combined practice to operate under the Jalsovszky name going forward.

This article is part of a series presenting selected amendments introduced by Act XLIX of 2025 on the amendment of laws concerning the judiciary (hereinafter the "Act"), which significantly affect civil litigation in several respects.

Hogan Lovells has advised an ad hoc group of noteholders on the consensual restructuring of EUR 200 million senior unsecured notes issued by Hungarian fertilizer producer Nitrogenmuvek. Lakatos Koves and Partners, working with Linklaters, reportedly advised Nitrogenmuvek.

Forgo, Damjanovic & Partners has advised Datapao on its capital raise from Databricks and Euroventures. Csovari Legal advised Euroventures. Oppenheim advised Databricks.

The Hungarian Competition Authority (HCA) has recently adopted a decision in a repeated competition supervision proceeding concerning coordinated practices in public procurement procedures for diagnostic medical imaging devices in 2015. The proceeding was originally initiated in 2016. In its new decision, the HCA concluded that the undertakings involved coordinated their market behaviour infringing the prohibition on unfair market practices. The objective of their restrictive agreements was to pre-arrange the allocation of tenders in the affected procurements.

In June of 2025, the Ministry of Construction and Transport published a draft law that would amend the government decree on the procedure for granting permits for changes of the intended purpose of commercial buildings. The original version of the decree has already required a permit for certain types of conversions of commercial buildings over 400 sqm, their separate units or sales areas, as well as for converting buildings over 400 sqm to commercial buildings.

Wolf Theiss, working with Kirkland & Ellis, has advised Advent International on its acquisition of a 70% stake in Reckitt’s Essential Home portfolio, valuing the business at up to USD 4.8 billion. Slaughter and May reportedly advised Reckitt.

CMS has advised Bonafarm Group on its acquisition of a 97.57% stake in FrieslandCampina Romania from Royal FrieslandCampina.