István Réczicza

Practice Areas

István Réczicza is Senior Partner at Dentons Budapest. István is a trusted strategic advisor to his clients who brings more than 30 years of experience. His practice focuses on highly complex mergers and acquisitions and regulatory matters. István has advised on many high profile acquisitions and landmark cases, including many matters related to foreign investment. István also has an outstanding reputation and extensive experience in regulated sectors such as energy, real estate, tourism and IT.

One of Hungary’s leading figures in the field of TMT regulation, István has advised the government and state agencies on issues including the revision of national communications and media legislation, and has also helped to prepare Hungary’s implementation of EU directives on electronic communications. He has also been involved in a major market-shaping TMT merger; advising the largest Hungarian online consumer electronics retailer and its shareholders on the merger with another leading Hungarian online consumer electronics retailer.

Languages Spoken

English and Hungarian

Work Highlights

- Private investment company: Advising on the acquisition of an iconic office and shopping center located in the Váci út office neighborhood.

- A major global energy player: Advising on the sale of its 99.9 percent stake in its universal service gas trading company in Hungary to a state-owned gas distributor.

- The national bank of Hungary: Advising on the purchase of a majority stake in Hungary’s stock exchange from the largest stock exchange group in the Central and Eastern European region, and from a specialized institution owned by commercial banks located in Austria.

- A Hungarian state-owned credit institution: Advising in relation to the joint investment by the Hungarian State and the largest single investor in Central and Eastern Europe in an Austrian-owned leading Hungarian financial institution.

- Hungarian banks: Advising a group of Hungarian banks as lenders and Hungary's largest financial services group, as agent in relation to a financing to be granted to the Hungarian branch of a Chinese bank.

- Hungary’s export credit agency: Advising in connection with various aspects (including transactional and regulatory issues) of the establishment of an agriculture fund under the laws of the Netherlands, with a primary investment objective to focus on equity, quasi equity and convertible debt investments into agriculture and food chain companies having their primary business activities predominantly in Kazakhstan.

- A leading Canada-based oil producer: Advising on the possibilities / legal background of gas concessions in Hungary and Romania.