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Szabina Soptei

Associate

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages Hungarian, English

Szabina is an associate of the finance team in CMS London. She graduated from Eötvös Loránd University in Hungary in 2007. 

Areas of expertise include finance transactions (general corporate, M&A, real estate, project and asset finance), restructuring & insolvency and regulatory advice regarding financial services.

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Relevant experience

Relevant Experience in financing matters:

  • Syndicated transactions (general corporate and M&A) in CEE.
  • banks and investors on commercial and residential property finance deals at UK.
  • Analysing LMA and LSTA template based syndicated credit agreements made in various jurisdictions.
  • Banks and borrowers on large-scale real estate investments.
  • Ppre-delivery debt finance and sale and leasebacks of aircrafts.
  • Producers and banks on film finance.

Relevant Experience in regulatory matters:

  • Hungarian banks regarding the implementation of CRD and PSD and in connection with CRR.

Relevant Experience in restructuring and insolvency matters:

  • EBRD and the Ministry of Justice of Hungary in a reform of the Bankruptcy Act and by-laws and the transposition of the EU Directive on preventive restructuring frameworks.
  • Corporate and financial restructuring of the BorsodChem Group.
  • A Hungarian creditor in a debt settlement procedure with regard to a Hungarian municipality.
  • Representation of the major European automobile manufacturers in liquidation proceedings of their Hungarian supplier, including asset transfer.
  • On restructuring real estate projects. 
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Memberships & Roles

From 2012 - AmCham Regulatory Committee

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Education

2012 - Post-graduate programme for lawyers specialized in insolvency law, University of Pécs, Hungary2007 

2007 - Doctor of Law, Eötvös Loránd University, Hungary

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Expertise

Feed

28/02/2024
Harmonisation of insolvency avoidance rights from the Hungarian perspective
Hungarian insolvency law already knows the concept of avoidance actions. Allowing creditors and liquidators to challenge certain transactions aims to protect the value of the insolvency estate.  Although...
07/08/2023
Pre-pack sales procedures in Hungary
The success of the recently introduced pre-pack-like rules in Hungary will help determined how the EU Directive on pre-pack sales will be implemented in this country.Existing pre-pack-like rulesPre-pack...
07/02/2023
New emergency rules: debtors can keep trading during insolvency
Emergency legislation has introduced important changes to Hungarian insolvency laws that allow the debtor’s business to keep trading during in­solv­ency.   The new rules apply to those debtors who are...
23/08/2022
Restructuring and insolvency law in Hungary
1. What is the primary legislation governing insolvency and restructuring proceedings in your jurisdiction? The Insolvency Code (Act XLIX of 1991) and the European Regulation on Insolvency Proceedings...
Comparable
16/06/2021
Hungary passes new law on preventative restructuring frameworks
Hungary has passed an Act that implements EU Directive 2019/1023 on preventive restructuring frameworks, the discharge of debt and dis­qual­i­fic­a­tions, and on measures to increase the efficiency of procedures...
05/05/2021
Hungary introduces new reorganisation for companies in distress due to...
The Hungarian government has recently introduced a new restructuring tool with the aim of supporting companies suffering from financial difficulties due to COVID-19. Financially distressed companies will...
04/01/2021
Law and regulation of Covid-19 loan moratoriums in Hungary
1. Description of the legislation 1.1 Is there a moratorium on loans legislation implemented in your jurisdiction? Yes. 1.2 If no: Are there any ongoing discussions regarding a potential introduction...
Comparable
13/07/2020
Changes made to Hungary's insolvency code
On 1 August 2020, amendments to Act XLIX of 1991 (the Insolvency Code) are scheduled to come into force, which have been designed to promote the cooperation between debtors and creditors in bankruptcies...
03/06/2020
Hungary temporarily suspends onerous insolvency rules
In a bid to assist struggling companies amid the uncertainty brought on by the pandemic, Hungary issued Government Decree No. 249/2020, which amends the Bankruptcy Code and gives companies breathing space...
05/05/2017
Proposed changes to the Hungarian Bankruptcy Code
A draft bill on amendment to the Bankruptcy Code (Act XLIX of 1991 on bankruptcy proceedings and liquidation proceedings) was introduced into the Parliament on 12 April 2017 and is currently under review...
27/07/2015
Hungary: Unfair general terms of business in loan and financial leasing...
The Hungarian Supreme Court, Curia, issued a final and binding decision (Gfv.VII.30.122/2015) on July 7, 2015 in a class action initiated by the Consumer Protection Association for Financial Services...
21/07/2015
Hungary has introduced a new regime for personal insolvency
The new Act CV of 2015 on debt settlement procedure for private individuals provides an opportunity for debt settlement both outside and within the scope of a court procedure. Major parties to the procedure:...