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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.

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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24/06/2022
Reg­u­la­tion on for­eign sub­sidies is head­ing for the fin­ish line - European...
Since 5 May 2022, EU tri­logue ne­go­ti­ations have been un­der­way on the first Reg­u­la­tion to lim­it the ef­fect of sub­sidies from third coun­tries to com­pan­ies act­ive in the EU. That an agree­ment will be reached...
22/06/2022
Hun­gary in­tro­duces ex­tra taxes on bank­ing and in­sur­ance sec­tors
On 4 June 2022, the Hun­gari­an gov­ern­ment ad­op­ted a new gov­ern­ment de­cree in­tro­du­cing sec­tor-spe­cif­ic taxes for com­pan­ies viewed by the gov­ern­ment as gen­er­at­ing "ex­tra profits" in the cur­rent ad­verse eco­nom­ic...
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...
14/06/2022
EP's Di­git­al Iden­tity draft re­port high­lights pro­pos­als to up­date eI­DAS...
The main ob­ject­ive of the Reg­u­la­tion is to har­mon­ise di­git­al iden­ti­fic­a­tion and thereby re­duce the costs and risks of the cur­rent frag­ment­a­tion caused by dif­fer­ent na­tion­al solu­tions. This ini­ti­at­ive...
07/07/2022
Ju­ni­or Bank­ing School – Part 4
Se­cur­it­i­esCol­lat­er­al for loan trans­ac­tions and types of col­lat­er­al Cre­ation and in­ter­re­la­tion of col­lat­er­al­Ter­min­a­tion of col­lat­er­al and sys­tem of re­cord­sOv­er­view of en­force­ment pro­ced­ures­In­tro­duc­tion...
30/06/2022
Ju­ni­or Bank­ing School – Part 3
Sus­tain­able fin­an­cing, ESGFrame­work for sus­tain­able fin­an­cing - European Uni­on­Forms and prin­ciples of sus­tain­able fin­an­cing­Frame­work and forms of sus­tain­able fin­an­cing - Hun­garySus­tain­able fin­an­cing in...
23/06/2022
Ju­ni­or Bank­ing School – Part 2
LMA loan agree­ment ana­lys­is (2)De­clar­a­tionsCov­en­ant­sEv­ents of de­fault­Syn­dic­ated loans and draw­down con­di­tion­sAgree­ment between cred­it­or­sRole of the Fa­cil­ity Agent and the Se­cur­ity Agent­Draw­down con­di­tions...
16/06/2022
Ju­ni­or Bank­ing School – Part 1
Struc­tur­ing and trans­ac­tion doc­u­ment­a­tion sys­tem­Types of fin­an­cing struc­ture and spe­ci­al­it­ies of each struc­ture­Term sheet (fin­an­cing of­fer)—bind­ing or not?LMA loan agree­ment ana­lys­is (1)Fund­ing clauses...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
31/05/2022
Hun­gari­an court de­cisions con­firm new in­ter­pret­a­tion on date of ex­clu­sion...
The Met­ro­pol­it­an Court of Bud­apest con­firmed the new leg­al in­ter­pret­a­tion of the Pub­lic Pro­cure­ment Ar­bit­ra­tion Board that the ex­clu­sion ground from tenders is ap­plic­able to com­pan­ies par­ti­cip­at­ing in...
31/05/2022
Hun­gary ends COV­ID state of emer­gency June 1
Based on the de­creas­ing num­bers of COV­ID-19 pa­tients and in view of the sig­ni­fic­antly im­prov­ing epi­demi­olo­gic­al situ­ation, the Hun­gari­an gov­ern­ment de­cided to lift the COV­ID pan­dem­ic in­duced state of...
27/05/2022
Hun­gary in­tro­duces sec­tor spe­cif­ic taxes to com­pan­ies gen­er­at­ing "ex­tra...
On 25 and 26 May, the re­cently re-elec­ted Hun­gari­an gov­ern­ment an­nounced new sec­tor spe­cif­ic taxes for 2022 and 2023 as a re­sponse to dif­fi­culties caused by the war in Ukraine and the in­creased prices...