HUNGARY Law and Practice Contributed by: Szabolcs Mestyán, John Fenemore, Balázs Rokob and Nóra Kertai, Lakatos, Köves & Partners
Lakatos, Köves & Partners has twelve partners and more than 50 lawyers (including tax advisers) and was previously Clifford Chance’s Budapest office before becoming independent in 2009. The firm has a some - what unique position as an independent one-country firm focused on working for international clients and often working with international law firms. It is one of the leading practices in Hungary covering aviation, and is involved in most of the market’s major deals. Lakatos, Köves & Partners helped to create and es -
tablish innovative structures on the Hungarian mar - ket and has substantial experience in the full spec - trum of aviation matters, including aircraft finance, securitisation of aircraft lease receivables, aviation regulatory, financial and operating leases, sale and leaseback transactions, pooling of engines, security interests, insurance and reinsurance liability, litigation and dispute resolution with strong trial capability and repossession of aircraft, and tax issues.
Authors
Szabolcs Mestyán is a partner and head of Lakatos, Köves & Partners’ Banking and Finance Group. He is one of the leading aviation finance lawyers in the C&SEE region, recognised for his commercial insight
Balázs Rokob is a senior associate in the Banking and Finance Group at Lakatos, Köves & Partners. He plays an integral role in the firm’s aviation finance practice and has advised on numerous high-value cross-border
and technical excellence, with extensive experience in aircraft leasing, structured finance and cross- border aviation transactions. Szabolcs regularly advises international lessors, financiers and airlines on aircraft acquisitions, leasing structures, operating and finance leases, and repossession and enforcement matters. His broader practice includes cross-border banking, capital markets regulation, securitisation, and NPL transactions. He contributed to the EBRD’s “Guidelines for the management of NPLs” and is ranked in leading legal directories for both aviation and financial law.
aircraft transactions. His experience includes aircraft sale and purchase, pre-delivery payment financing, operating and finance leases, and complex refinancing and repossession mandates. Balázs regularly acts for international lenders, lessors and airlines, structuring and executing aviation finance deals across multiple jurisdictions. He advises on securitisation, capital markets transactions and aviation regulatory matters, including licensing and compliance. Balázs is recognised for his strong legal analysis and excellent negotiation skills and has contributed to most of the firm’s recent complex financing cases.
John Fenemore is a partner in the Banking and Finance Group at Lakatos, Köves & Partners. He is an English- and Hungarian-qualified banking lawyer with extensive experience of cross-border
Nóra Kertai is a lawyer in the Banking and Finance Group at Lakatos, Köves & Partners. She advises on a wide range of financing transactions, with a strong focus on aviation finance and asset- based lending. Her experience includes
transactions throughout the region. John is a member of the Hungarian Bar Association, the Law Societies of England and Ireland, the IBA and INSOL. Before rejoining the firm in 2016, John spent 14 years in the banking group of Clifford Chance in London and Bucharest. John was awarded the Law Society of Ireland’s Diploma in Aviation Leasing and Finance in 2019.
advising international lessors, banks and airlines on aircraft sale and purchase, leasing and financing deals, and asset-backed securitisation matters. Nóra graduated from the University of Szeged and spent a year at the University of London, focusing on international and business law. Her academic and practical background enables her to handle complex multi-jurisdictional transactions with confidence. She speaks Hungarian, English, Italian and French.
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