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Energy

Hungary

A key driver of the global economy, the energy sector is affected by geopolitical, economic and regulatory pressures. You require advisors who understand your industry and work with leaders of energy companies, regulators, governments, industry bodies and investors on the cutting edge of commercial, regulatory and risk issues in the sector.

Based across 15 jurisdictions in Central and Eastern Europe, we have been active in CEE since the beginning of the privatisation and liberalisation of the energy sector across the region. We have helped to shape the sector by advising on the most high-profile and ground-breaking projects and transactions over many years.

The team is highly responsive, business-minded, commercial and pragmatic.
Chambers

Our dedicated energy lawyers work in every part of the sector, including upstream and downstream oil & gas, electricity, nuclear and renewables. Whether you are a NOC, IOC, independent, electricity company, investor, government or financial institution, we have the energy specialists to meet all your strategic challenges globally.

Our multi-disciplinary teams were among the first to advise on ground-breaking global oil and gas M&A and on power projects in Europe, to establish a single electricity market in Northern Ireland and the Republic of Ireland, lead historic electricity industry reform in Mexico, and work on renewable energy projects globally.

The Energy Team in Hungary is one of the most significant market players with a strong market share in renewable energy and oil & gas. Moreover, the uniquely wide expertise of the team members covers every segment of the energy market with a focus on electricity, oil & gas, and chemical and environmental related matters.

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High­lights of ex­per­i­ence in En­ergy in Hun­gary

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18/04/2019
BARE­CON - The Im­port­ance of Class
In the re­cent case of Sil­ver­burn Ship­ping (IoM) Ltd -v- Ark Ship­ping Com­pany LLC [2019] EWHC 376 (Comm), the High Court ruled that an ob­lig­a­tion in a charter­party to keep a ves­sel in class is both an ab­so­lute ob­lig­a­tion and a con­di­tion.
16/04/2019
The new EU frame­work for screen­ing for­eign in­vest­ment is now in force
On 10 April 2019, the EU frame­work for screen­ing for­eign dir­ect in­vest­ment (FDI) came in­to force, al­low­ing the European Com­mis­sion and Mem­ber States un­til 11 Oc­to­ber 2020 to put in place mech­an­isms and re­sources to com­ply.
15/03/2019
Law sides with cli­mate change against coal
Min­ing com­pany, Gloucester Re­sources Lim­ited (GRL), ap­pealed to the Land and En­vir­on­ment Court of New South Wales, Aus­tralia, against a min­is­teri­al de­cision to re­ject its ap­plic­a­tion to de­vel­op and op­er­ate an open cut coal mine, Rocky Hill, near Gloucester,.
14/03/2019
Ship­ping and car­bon: EU and IMO sys­tems to align
On 4 Feb­ru­ary 2019 the European Com­mis­sion (EC) tabled a pro­pos­al con­cern­ing the amend­ment of Reg­u­la­tion (EU) 2015/757 on the mon­it­or­ing, re­port­ing and veri­fic­a­tion of car­bon di­ox­ide emis­sions from mari­time trans­port (the “EU MRV Reg­u­la­tion”).
13/03/2019
Con­nec­ted Fu­ture - En­ergy Stor­age
It is re­cog­nised that flex­ib­il­ity in the elec­tri­city sys­tem will be­come in­creas­ingly valu­able in the com­ing years as the wider en­ergy trans­ition, in­clud­ing the great­er pen­et­ra­tion of in­ter­mit­tent, dis­trib­uted gen­er­a­tion and more pro­act­ive con­sumers, across.
12/03/2019
Bel­gi­um braces for Hard Brexit with draft law
On Feb­ru­ary 19, Bel­gi­um passed a draft law pre­par­ing it­self for a Hard Brexit should the UK leave the European Uni­on (EU) on the dead­line of 29 March 2019 without a with­draw­al agree­ment in place to reg­u­late UK's de­par­ture and define its fu­ture re­la­tion­ship.
27/02/2019
Elec­tric Vehicles: in­fra­struc­ture for our con­nec­ted fu­ture
The up­take of elec­tric vehicles (EVs) has soared in re­cent years (al­beit from a very low base), with jur­is­dic­tions such as Nor­way and The Neth­er­lands cur­rently lead­ing the pack. However, in or­der for a coun­try to be­come a glob­al EV lead­er, it is vi­tal to con­sider.
20/02/2019
European Par­lia­ment backs EU wide frame­work for screen­ing for­eign...
On 14 Feb­ru­ary 2019, the European Par­lia­ment voted to en­dorse the first ever EU-wide tool for screen­ing for­eign dir­ect in­vest­ment (FDI) on the grounds of se­cur­ity and pub­lic or­der. The vote brings the EU one step closer to put­ting in place a frame­work al­low­ing.
31/01/2019
Com­mis­sion­ing a scrub­ber sys­tem by 31 Decem­ber 2019 is not suf­fi­cient...
Ship own­ers, ship op­er­at­ors and ship man­agers who are busy pre­par­ing for the up­com­ing high sul­phur fuel oil (“HSFO”) ban which enters in­to force on 1 Janu­ary 2020 will be fa­mil­i­ar with the op­tion to in­stall Ex­haust Gas Clean­ing Sys­tems (EGC­Ss) oth­er­wise known.
06/12/2018
Latest changes in Hun­gari­an pub­lic pro­cure­ment law for year-end
Hun­gari­an law­makers re­cently passed an act, which amended Act CXLIII of 2015 on Pub­lic Pro­cure­ment. Most of the changes in the amend­ment law con­cern the im­ple­ment­a­tion of the elec­tron­ic pro­cure­ment sys­tem (EKR), which went in­to force on 15 April 2018.
04/12/2018
Man­dat­ory data pro­tec­tion im­pact as­sess­ments af­fect sev­er­al in­dus­tries
The Hun­gari­an Au­thor­ity for Data Pro­tec­tion and Free­dom of In­form­a­tion (NAIH) has just re­leased a list of spe­cif­ic data pro­cessing op­er­a­tions where data con­trol­lers must con­duct data pro­tec­tion im­pact as­sess­ments and doc­u­ment the res­ults.
26/11/2018
Hun­gary makes changes to cor­por­ate tax­a­tion for 2019
The latest re­forms to Hun­gari­an tax law have brought sig­ni­fic­ant changes mostly to the cor­por­ate in­come tax sys­tem. Some changes may of­fer new op­por­tun­it­ies while oth­ers re­quire co­ordin­ated ac­tion. Hun­gari­an com­pan­ies and branches of for­eign en­tit­ies may,.