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Schoenherr Hungary was established in 2008 when a well-established team of experienced legal professionals, now led by Dániel Gera, joined the firm in order to benefit from Schoenherr’s strong position in the CEE/SEE region.
It has a long track record of representing foreign investors, mainly in acquisitions and green field investments, corporate, employment law, merger control filings and other competition matters, finance and insolvency matters as well as real estate transactional mandates, construction and development, including large-scale infrastructure and energy projects. Additionally, the team advises numerous sizeable corporate clients on an ongoing basis on issues such as general corporate, commercial and regulatory matters, real estate and employment law.
Recently, the office has been attracting a growing number of international and domestic corporate clients in the energy, food, technology and banking and insurance sectors. All lawyers speak English and German in addition to Hungarian.
Váci út 76.
H-1133 Budapest
T: +36 1 870 07 00
F: +36 1 870 07 01
office.hungary@schoenherr.eu
This subpage of the website is maintained by Hetényi Ügyvédi Iroda, registered with the Budapest Bar Association, in accordance with the laws and internal regulations applicable to lawyers, which can be found on the website www.magyarugyvedikamara.hu together with information on client rights.
Hungary to open doors for new power plant projects as new capacity allocation system takes shape
Let's start with the fundamentals: Hungary will need significant additional power plant and battery capacities, and it will need them soon. This necessity persists despite the gross amount of solar power capacity reaching 7.5 GW by the end of 2024, a target initially set for the 2030s. The drive for electrification, the goal to reduce energy imports, the high average age of the existing generator portfolio and the previous focus on solar energy necessitate at least 10 GW of new generation capacities, with a preference for baseload generation and/or storage solutions. The state-owned incumbent MVM is already developing 3x500 MW new combined cycle gas turbine (CCGT) installations and 2x1000 MW new nuclear blocks, but significant private investment is still required.
Dániel Gera
Office Managing Partner
Schoenherr Hungary
H-1133 Budapest
Váci út 76.
T: +36 1 870 07 00
F: +36 1 870 07 01
office.hungary@schoenherr.eu
This week, we are honouring and prioritising the achievements of our female colleagues by putting their content first! Content from our other colleagues remains of course available and can be found in the authors' profiles or via the search function.
