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Dr. Zsolt Okányi

Partner
Global Head of Dispute Resolution, CMS, Head of Dispute Resolution, Hungary

CMS Cameron McKenna Nabarro Olswang LLP Magyarországi Fióktelepe
YBL Palace
Károlyi utca 12
1053 Budapest
Hungary
Languages Hungarian, English, German, Italian

Zsolt Okányi is a partner and serving as Global Head of Dispute Resolution within CMS while also acting as Head of Dispute Resolution in the Budapest office.

Zsolt graduated summa cum laude from the Eötvös Loránd University (ELTE) School of Law in Budapest and earned his Master of Law from Yale Law School. Zsolt has more than 15 years of experience as a litigator during which he represented numerous multinational clients in domestic and international litigation and arbitration proceedings as well as conducted sensitive compliance and white-collar defense & investigation matters in several countries. Zsolt has specific experience in FIDIC-based construction projects, aviation and automotive disputes, and regulatory cases in the energy and media sectors.

Recently, Zsolt has worked extensively on various banking/FIS sector disputes, where complex legal structures, imperative statutory privileges and high value disputes pose significant challenges. Zsolt often represents clients in high value bankruptcy and liquidation proceedings, where he has an immaculate track record over the last decade. Legal 500 described Zsolt as having ’great analytical skills’, ‘excellent contacts’ and ‘an outstanding sense of strategy’.

Zsolt is also the author of the only English/Hungarian bi-lingual arbitration handbook titled “Arbitration in Hungary in Domestic and International Matters”. 

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The ‘outstanding’ Zsolt Okányi – ‘one of the best litigators on the market’ – and his team of ‘experts’ at CMS ‘endeavour to set the benchmark for dispute resolution in Hungary’.

Legal 500, 2016

Winner of the ARBITRATION & ADR category for Hungary, Clients Choice Awards, 2016

Relevant experience

  • In construction arbitration, German engineering giant Siemens AG in a EUR 70m FIDIC-based international arbitration against a regional public transportation company related to the construction of Budapest’s newly built M4 metro line, as well as a separate arbitration proceedings related to the refurbishment of Budapest’s metro line M2.Project finance/Property development.
  • In banking disputes, Commerzbank AG beforet he Metropolitan Court of Budapest in a EUR 42m dispute and in a related EUR 80m project finance arbitration before the Hungarian Financial and Capital Markets Arbitration Court concerning one of the largest property development projects in Central Europe, a major French investment bank in court proceedings related to a bank guarantee issued for a property development project in a regional capital in Hungary and an Austrian bank in a EUR 12m ICC arbitration arising from the financing of a premium office building in Budapest.
  • In bankruptcy/liquidation proceedings Raiffeisen Bank in a EUR 40m liquidation and related other court proceedings concerning a large logistical warehouse in North Budapest, as well as in the bankruptcy of a large metal trader company in an amount of EUR 4m.
  • In real estate litigation a worldwide known surveyor company in a EUR 6m litigation on professional malpractice and warranty claims related to a warehouse facility and a Russian state entity being in charge of handling the foreign properties of the Russian Federation in several controversies before national courts regarding real estates located in Budapest 
  • In commercial disputes a U.S. automobile manufacturing giant before the court in a high-stake warranty dispute, a renowned German luxury car manufacturer in a EUR 3.8m dispute against a major supplier, a major German refrigerator manufacturer in a highly complex court litigation related to the setting aside of an arbitral award made in a corporate dispute, a large U.S.-based payment service provider in consumer disputes, and a major Hungarian insurance company in a EUR 3m court litigation against former insurance brokers
  • In telecom/technology/media/IT sector and related disputes a Scandinavian telecom giant against a Hungarian public media provider in a high profile arbitration arising out of a satellite broadcasting agreement, a major Korean electronics manufacturing giant in arbitration related to billboard advertisements, and a major Hungarian telecom firm on potential remedies before the ICSID against the Hungary; a German engineering giant in a EUR 9.1m court litigation against the Hungarian Chamber of Public Notaries in relation to the document archiving system developed by the client; a German engineering giant in a court case against a major Hungarian cryptography and data archiving company based on unfair commercial practices; a U.S. information technology giant against the Hungarian Competition Office in a EUR 2.5m competition dispute arising from a major public procurement tender; a major Korean mobile phone manufacturer in an IP litigation against the Hungarian Collective Copyright Manager; a major Hungarian bank in a EUR 2.5m high profile IP litigation related to software arrangements developed for bank cards; a U.S.-headquartered agrochemical giant in a patent infringement case involving the transportation of infringing products through the EU towards Russia and Ukraine; a major U.S pharmaceutical corporation in several various civil, commercial and administrative proceedings; a legendary British pop singer in a EUR 5.2m litigation before Hungarian courts; a major Scandinavian telecom company in complex public procurement litigation case arising from the restructuring of Hungarian public media financing; Hungary’s largest telecom company in a EUR 25m commercial court litigation case related to the publication of customer data; and a major Hungarian media provider in a high profile dispute related to the lease of studio premises.
  • In labour litigation a Swedish truck manufacturer in labour litigation in connection with the termination of a former director; a major US corporation in labour litigation against former chief legal counsel; a US pharmaceutical giant in a labour dispute against former compliance officer.
  • In the energy sector a Finnish gas turbine manufacturer in a EUR 2m ICC arbitration relating to warranty issues, a major Hungarian oil and gas company in a USD 12m gas trade arbitration, a French energy giant against the European Commission before the European Court of Justice in a dispute involving allegedly illegal state aids related to energy trade agreements, a major UK-headquartered energy trading company against the Hungarian national electricity provider in a litigation related to the provision of public information, a leading Germany-headquartered energy company about class action proceedings in Hungary, and a major German gas corporation in several commercial litigation proceedings.
  • In the aviation sector national air carriers and a leading low-cost aviation giant on a multitude of issues relating to its Hungarian operations, including competition control proceedings, consumer complaints and aviation regulatory compliance matters 
  • In white collar crime audits and investigations an in-depth internal investigation in a foreign-owned Hungarian insurance company in relation to suspected fraud and bribery involving employees and external brokers; an internal investigation in major US firm’s Hungarian subsidiary in relation to suspected fraudulent asset handling and fictitious supplier contracts.
  • In mediation a commercial dispute between French retail giant and its German supplier in relation to products supplied in a customer loyalty program; a well-known UK-based surveyor, UK insurers and UK property investors in a EUR 6m warranty dispute related to a warehouse facility in Hungary; a market leading German plastic closure manufacturer and Danish/Norwegian beverage production giant in a dispute related to product recall and warranty claims; a worldwide renowned tobacco manufacturer and its largest Hungarian retailer regarding warranty claims.
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Education

  • 2009 - Masters from Yale Law School, USA
  • 2003 - Faculty of Law, Eötvös Loránd University, Budapest
  • Studied in Rome, Italy and Göttingen, Germany
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Memberships

  • Budapest Bar of Attorneys
  • New York State Bar
  • ICC Hungary
  • Member of IADC - International Association of Defense Counsel
  • Member of DIS - The German Institution of Arbitration
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Publications

  • Author of the only English/Hungarian bi-lingual arbitration handbook titled “Arbitration in Hungary in Domestic and International Matters”. 2009
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Lectures list

  • Lecturer at the Department of Civil Law of Eötvös Loránd University where he instructs both graduate and post-graduate students on Contracts and Commercial Law (including International Commercial Arbitration).
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December 2019
In­ter­na­tion­al Dis­putes Di­gest
Wel­come to the winter edi­tion of our In­ter­na­tion­al Dis­putes Di­gest, a bi-an­nu­al pub­lic­a­tion fea­tur­ing ana­lys­is and com­ment­ary on the key trends cur­rently shap­ing the glob­al dis­pute res­ol­u­tion mar­ket.
15 May 2020
CMS Ex­pert Guide to COV­ID-19 cor­por­ate crime & reg­u­lat­ory is­sues
25 March 2020
Hun­gary in­tro­duces 2nd round of eco­nom­ic meas­ures in re­sponse to coronavir­us...
Hun­gari­an Prime Min­is­ter Vikt­or Or­bán an­nounced the im­ple­ment­a­tion of a second eco­nom­ic pack­age on Monday, 23 March 2020 to mit­ig­ate the ad­verse im­pact of the coronavir­us out­break on the eco­nomy. The...
July 2019
CMS In­ter­na­tion­al Dis­putes Di­gest
Ana­lys­is and com­ment­ary on the key trends cur­rently shap­ing the glob­al dis­putes res­ol­u­tion mar­ket. Down­load here!
27 March 2020
CMS Ex­pert Guide to force ma­jeure
17 March 2020
Hun­gary closes bor­ders to non-res­id­ents, can­cels flights, re­stricts pub­lic...
In a bid to cur­tail the spread of the coronavir­us, the Hun­gari­an gov­ern­ment in­tro­duced strict meas­ures that in­clude clos­ing its bor­ders, can­cel­ling in­ter­na­tion­al flights from high-risk na­tions, ban­ning...
18 June 2019
An­nu­al Re­view 2018 – 2019
29 November 2018
CMS Ex­pert Guide to in­ter­im meas­ures
Are you look­ing for in­form­a­tion on in­ter­im meas­ures? This CMS Ex­pert Guide provides you with everything you need to know.
02 March 2018
New tax and lit­ig­a­tion codes re­quire new strategy in tax dis­putes
Changes to pro­ced­ur­al rules that came in­to ef­fect on 1 Janu­ary 2018 have made the tax­pay­er’s life more dif­fi­cult when de­fend­ing his po­s­i­tion in tax dis­putes. The new law does not al­low tax­pay­ers to...
June 2018
CMS Guide to Anti-Bribery and Cor­rup­tion Laws
We are de­lighted to present the fifth edi­tion of the CMS Guide to Anti-Bribery and Cor­rup­tion Laws. This edi­tion of the Guide cov­ers more coun­tries than ever be­fore, as­sess­ing the laws in 42 coun­tries. We in­clude full cov­er­age of the BRIC na­tions, as well
31 May 2017
New Ar­bit­ra­tion Act just ad­op­ted in Hun­gary
On 30 May 2017, the Hun­gari­an Par­lia­ment ad­op­ted a new Hun­gari­an Ar­bit­ra­tion Act re­pla­cing the cur­rent law that has been in force since 1994. Al­though the new rules will still be based on the UN­CIT­RAL...
03/04/2016
CMS Guide to Anti-Bribery and Cor­rup­tion Laws