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Banking & Finance

As a participant in the global banking and finance industry, you are faced with increasing financial, regulatory and political pressures. New rules on capital requirements, risk profile and investor protection pose challenges for your organisation. We have unmatched geographical coverage and more English and US qualified banking and finance partners on the ground in CEE than any other law firm. We are your first port of call whether you are planning a cross-border transaction with a multi-jurisdictional security package or loan portfolio or implementing a first-of-a-kind financing structure in your domestic market.

Whether you are a financial institution, equity house, asset manager, mutual fund, accountant, privately owned company, corporation or public entity, your business is only as good as the products and services you sell. That’s why we organise our teams along the business lines of your sector, giving us deep insight into the commercial and legal issues you face. From general corporate lending to acquisition and leveraged finance, derivatives and securitisations to real estate finance and corporate recovery, we can help you achieve the best outcome, both locally and across jurisdictions.

The Banking & Finance Team in Hungary is a leading practice and top-ranked by independent legal directories. With cca. 15 UK and locally qualified advisors it is the largest banking team in the country. Able to deliver a full legal service to clients, we often coordinate regional and. cross-border transactions. CMS Hungary connects you to over 500 banking and finance lawyers in 42 countries worldwide.

"The team at CMS is very constructive and supportive, they react swiftly to complex matters."

Chambers, 2023

It was great that they used their network to help on international matters.

Chambers Europe, 2018

We turn to this firm when it is urgent or complicated, and we require high quality.

Chambers Europe, 2016

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Restructuring, Business Transformation & Insolvency
CMS can help you with restructuring, insolvency and transforming your business. Whether caused by rapid technological developments, consumer preferenc
24/04/2018
Highlights of experience in Banking & Finance in Hungary
Erste Bank on the acquisition of Citibank’s consumer activities in Hungary and several domestic and cross-border financings.K&H Bank Ltd., Budapest Bank Ltd. and Raiffeisen Bank Ltd. on the EUR 135m...

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12/07/2024
Real estate finance law in Hungary
A. Mortgages 1. Can security be granted to a foreign lender? Yes. 2. Can lenders take a mortgage over land and buildings on the land? Land and the buildings erected on it are generally treated as one...
05/07/2024
ESAs’ final reports on Greenwashing in the financial sector
Back­ground­Man­dated by the European Commission (the “EC”) in May 2022, the European Supervisory Authorities (“ESAs”) published their individual final report (the “Final Report”) on greenwashing...
19/06/2024
Update on the AML-CTF Package: publication in the Official Journal of the...
The last three remaining texts of the AML-CTF Package (i.e. the AML Directive [1], the AMLA Regulation [2] and the AML Regulation [3]) have been published in the OJEU on 19 June 2024.For more background...
10/06/2024
ESMA issues first formal guidance on use of AI in retail financial services
The European Securities and Markets Authority (ESMA) recently released a public statement on the use of artificial intelligence (AI) in the provision of retail investment services. The statement provides...
27/05/2024
MiFID/MiFIR review: ESMA publishes series of consultation papers on transparency...
On 21 and 23 May 2024, the European Securities and Markets Authority (“ESMA”) published three consultation papers, as part of the ongoing MiFID/MiFIR review.The revised Markets in Financial Instruments...
27/05/2024
Hungary adopts new Act on Markets in Crypto-Assets
On 17 April 2024, the Hungarian parliament adopted Act VII of 2024 on Markets in Crypto-Assets, which will enter into force on 30 June 2024 and lay down provisions necessary for the Hungarian im­ple­ment­a­tion...
21/05/2024
EU parliament adopts proposal that modifies financial data access regulation
On 18 April 2024, the European parliament adopted a proposal for a regulation on harmonised framework for access to financial data – the Financial Data Access Regulation (FIDA), which introduces Open...
14/05/2024
EU introduces criminal offences and penalties for sanctions violations
Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive...
13/05/2024
UK's Accession to the 2019 Hague Convention to ensure enforcement of UK...
In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is ex­clus­ive/sym­met­ric­al.The...
06/05/2024
Hungary passes legislation to expand scope of consumer protection provisions
The following article summarises the main obligations contained in these legislative up­dates.Amend­ment of statutory warranty periods in case of certain non-perishable consumer goodsGovernment Decree No...
16/04/2024
Hungary proposes widening scope of financial entities under DORA Regulation
On 10 April 2024, the Hungarian Parliament adopted a new law on the detailed rules implementing the DORA Regulation – Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December...
08/04/2024
Hungary proposes ex-ante competition tool to regulate essential companies
On 2 April 2024, the Hungarian Ministry of Justice submitted an omnibus act to the Hungarian parliament proposing the amendment of several Hungarian laws, including the Competition Act. This Proposal’s...