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Pál Szabó

Partner Hungary

About Me

As a co-Head of Country of the Budapest office and partner and head of our Corporate and M&A practice group in Budapest, I have significant experience in cross-border and domestic M&A, as well as in private equity and corporate matters and transactions.

With a practice covering all types of corporate and commercial transactions, I have acted for private and public vendors, private purchasers and private equity firms across a range of sectors including finance, energy, telecommunications and media, chemicals, life sciences, technology, and retail & consumer. I have also advised on competitive auction bidding processes, as well as on company reorganisation and restructuring.

In addition, I frequently advise our clients on employment matters including collective redundancies, benefits and incentive programmes, and share incentive schemes, as well as on transactions involving domestic and cross-border labour law, such as company reorganisations and outsourcing. I have also advised on matters relating to senior executives and their compensation packages.

Before joining Bird & Bird, I worked as part of the M&A, corporate and employment teams at other leading international law firms, and spent nine months working in the M&A and private equity groups in the London office of one of the international firms. I am fluent in English, as well as my native Hungarian.
Experience
  • Advising on the sale of Budapest Bank to a company owned by the Hungarian State representing General Electric.
  • Advising the MVM Group (the Hungarian Electricity Group) on various acquisitions (including a major gas utility provider).
  • Advising Magyar Telekom (the subsidiary of Deutsche Telekom AG) on the sale of Origo, a leading news website.
  • Advising on the sale of General Electric's lighting business to the management of GE Hungary, representing the seller, as well as on various other divestments.
  • Advising OTP Bank on various acquisitions in the region (including in Serbia, Romania and Slovenia)
Education

Studied

  • Pázmány Péter Catholic University, JD, Law
  • Eötvös Lóránd University, Faculty of Arts, English and American Studies

Admissions

  • Budapest Bar Association in 2008
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Testimonials

Pál Szabó assists clients with cross-border sales and restructurings, often acting for energy companies. He is also experienced in advising banks and private equity houses on acquisitions. Sources find him to be a 'good and talented lawyer.'

Chambers Europe 2019

Pál Szabó of Bird & Bird is particularly praised for his 'outstanding M&A legal structuring skills,' and for being 'highly flexible, available to support at any time and providing us with fast advice, which we could rely on'

Chambers Europe 2018

Pál Szabó receives praise for his negotiation skills and 'excellent technical knowledge, commercial awareness and effectiveness.'

Chamber Global 2017

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