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Péter Deák

Senior Associate

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Hungarian Branch Office
YBL Palace
Károlyi utca 12
1053 Budapest
Hungary
Languages Hungarian, English

Péter is a senior associate in the Energy, Projects & Construction team at CMS Budapest with specific focus on the energy sector. 

Péter joined the CMS Budapest office in 2011 after graduating from the University of Szeged. 

He has conducted several due diligence exercises and has relevant experience in the energy sector. 

Furthermore, Péter has experience in reviewing and drafting general commercial agreements, as well as in preparing various memoranda relating to regulatory issues. He also gained experience in various public procurement projects and represented cases before the Public Procurement Arbitration Board and court.  

Peter has been seconded to various international companies, where he provided day-to-day legal advice in all projects of the companies and worked closely with local businesses and the companies headquarter’s legal departments.

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"Very reliable partners throughout our projects in Hungary."

Legal 500, 2022

Relevant experience

  • French and Romanian branches of Engie on the acquisition of a limited natural gas trading, as well as providing advice to Engie in general in relation its gas trading activities in Hungary.
  • Budapest Power Plant on all its day-to-day issues, including developing EPC contract templates and providing legal advice on various large-scale EPC and refurbishment contracts. We also support the company via on site secondment for almost a year now, providing support on all legal issues that may arise during the operations.
  • A renewables and environment company on the planned acquisition of multiple SPVs and PV projects in several locations in Hungary, which deal is one of the biggest photovoltaic acquisitions on the Hungarian market.
  • A major Hungarian commercial bank on the energy aspect of several financing energy projects, such as the financing of the solar power plant projects of a Slovak and Czech investor, the financing of OMNI Energy, a developer of distributed renewable energy and sustainability projects and on a photovoltaic project financing in Hungary. 
  • Group of lenders (lead by Citibank) on the financing of the acquisition of the TIGÁZ entities in Hungary acquired by MET from the ENI Group.
  • An energy company on the planned acquisition of ownership interest in a concession company entitled to explore liquid gas fields in Hungary.
  • A Slovenian energy company in the course of a public procurement procedure in the subject matter of “Building a geothermal heat supply system in Komárom” in relation to its planned entry to the Hungarian mining market.
  • Linde Gas - representing the client before the Public Procurement Arbitration Board in relation to its exclusion from a public procurement procedure for providing abnormally low prices. 
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Education

  • 2011 – Doctor of Law (University of Szeged, Faculty of Law, Hungary)
  • 2011 – American Legal Experts’ Training (University of Szeged, Faculty of Law, Hungary - University of Toledo, OH, USA)
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Feed

18/04/2024
Renewable energy in Hungary
1. Introduction  Significant changes have happened in the external environment of the Hungarian energy sector in 2022. Notwithstanding that the increasing price environment and the uncertainty of energy...
02/02/2024
Hungary extends grid connection long-stop-date for new power plants
On 31 January 2024, the Hungarian government adopted the amendment to Government Decree 526/2022. (XII. 16.) that amends the Electricity Act regarding rules for grid connection. Under the original Grid...
23/06/2023
Hungarian government caps energy fee price element of electricity prices...
On 19 June 2023, Hungarian government adopted a new government decree establishing a cap of EUR 200/MWh on the energy fee price element of the electricity price to be applied between 1 July to 2023 and...
15/06/2022
Hungary introduces 65% extra profit tax on renewable projects leaving KÁT/METÁR...
On 4 June 2022, the Hungarian government adopted a new government decree introducing sector-specific taxes to companies viewed by the government as generating "extra profits" in the current adverse economic...
17/07/2020
Hungary launches new METAR tender to grant green premium subsidies for...
On 15 July 2020, the Hungarian Energy and Public Utility Regulatory Authority (HEPURA) launched the second METAR Tender to support electrical energy produced from renewable sources. Ori­gin­ally introduced...
15/07/2020
Hungary's parliament adopts electricity act amend­ment al­low­ing extension...
On 3 July 2020, the Hungarian parliament adopted an amendment to Act LXXXVI on electricity. Further to the state of emergency announced by the Government and surrounding COVID-19, the amendment authorises...
23/03/2020
Hungary relaxes certain pub­lic-pro­cure­ment rules during COVID-19 crisis
According to Government Decree No. 48/2020 effective from March 20, direct purchases from Hungarian sources (not including those from EU sources) that directly relate to protection against the coronavirus...
04/09/2019
Hungary launches long-awaited green premium 'METÁR' tender
On 2 September 2019, Hungary launched the first pilot tender for the METÁR system, which supports electric energy produced from renewable sources. Originally introduced two years ago (1 January 2017)...
17/10/2018
Breakfast seminar: The new e-public procurement system
Under the EU’s Public Procurement Directive all Member States are required to comply with the e-public procurement obligations by 18 October 2018. On this occasion, CMS Budapest is hosting a business...
19/04/2018
Hungary switched to e-procurement as of 15 April 2018
Hungary 17 April 2018 Complying with its obligations under Directive 2014/14/EU, Hungary has introduced electronic communication in public procurement procedures. From 15 April 2018, contracting authorities...
01/12/2017
Heading towards e-public procurements in 2018
Despite the original target date that from 1 January 2018 contracting authorities falling under the Public Procurement Act ("PPA") shall conclude procurements through an electronic public procurement...
10/01/2017
Hungary: Recent amendment to Public Procurement Act
The Hungarian Parliament recently adopted an amendment (“Amend­ment”) to the Public Procurement Act (“PPA”). The Amendment concerns several topics which have great impact on future public procurements...