Business Lawyers

Dr. Richard Schmidt LL.M

Dr. Richard Schmidt LL.M
Managing Partner

Dr. Richard Schmidt LL.M

Core competencies
Languages
  • Hungarian
  • English
  • German
  • French
Memberships
  • ICCA - International Council for Commercial Arbitration
  • ASA - Swiss Arbitration Association
  • ECAM - European Centre of Arbitration and Mediation

Track records

REPRESENTING ITALIAN CLIENT IN ICC ARBITRATION

International construction dispute

Richard successfully represented our Italian Client from the oil & gas sector. The complex dispute regarding a Hungarian industrial plant was settled by arbitration in front of the International Court of Arbitration of the International Chamber of Commerce with the victory of our client.

COLLECTING DEBT FOR RUSSIAN MANUFACTURER

Supply contract dispute

Richard represented a Russian manufacturer against a non-paying Hungarian company. The debtor, placed under legal pressure, finally paid the debt, so the Client could avoid arbitration.

ARBITRATION IN TRANSPORTATION MATTER

International transportation dispute

Richard represented with success a market leader logistics service provider in an international transportation dispute, in front of the Hungarian Court of Arbitration. By winning such a complex case Richard clearly exceeded the client’s expectations.

REPRESENTING UK CLIENT IN LITIGATION

Lease contract dispute

Richard represented a UK client in a commercial dispute involving the unlawful termination of a long-term lease agreement, and finally won the case in front a Supreme Court. The case was critical for the Client’s business in Hungary.

ARBITRATION OF EXCLUSIVE TRANSPORTATION CONTRACT

Breach of exclusive forwarding contract

Richard started arbitration on behalf of our client, whose exclusive forwarding contract was breached by the partner. The arbitration was successfully closed with a judgment in favour of our client.

REPRESENTING SWISS CLIENT IN LITIGATION

Breach of loan agreement, collateral alienation

Richard won the case in court for our Swiss Client, offering lending and asset management services against a Hungarian debtor who failed to pay back the loan and alienated the real estate being the security of the loan. Richard reached a final judgement in favour of the client within 1 year.

REPRESENTING GREEK LANDLORD AGAINST HUNGARIAN TENANT

Legal dispute from a lease agreement

Richard represented our Greek Client against its Hungarian tenant. The tenant accumulated a significant debt during the recent years which he paid back within 6 months after Richard started legal procedures.

REPRESENTING ROMANIAN CLIENT IN CROSS-BORDER DISPUTE

Unlawful contract termination

Richard represented a Romanian Client in an unlawful long-term contract termination case. Instead starting a never-ending court battle, he managed to settle the dispute with success through out-of-court negotiations.

COMMERCIAL LAW

International machine supply contract

Richard recently advised a domestic paper manufacturer on an international machine supply contract, involving negotiations with manufacturers and suppliers from various European countries. Due to this supply the client could consolidate its market-leader position.

ARBITRATION IN CONSTRUCTION MATTER

FIDIC contract dispute, bank guarantee drawdown

Successful legal representation of a real estate investor in front of the Hungarian Court of Arbitration against the contractor building a warehouse, after drawing down bank guarantee due to lack of conformity.

Publications

ICCA’s Guide to the Interpretation of the 1958 New York Convention (co-translator of the book in Hungarian)

VARIATIONS ON A THEME – Asymmetric forum selection in international practice (Jurisprudential Bulletin 2021/1) (in Hungarian)

Does a Right to a Physical Hearing Exist in International Arbitration? National Report – Hungary (ICCA Projects 2021)

THAT OBSCURE OBJECT OF DESIRE - Asymmetric jurisdiction and arbitration agreements (Jurisprudential Bulletin 2020/11) (in Hungarian)

UNCITRAL Model Law on International Arbitration and Commentary – Hungarian translation

EROSION OF ARBITRAL KOMPETENZ-KOMPTENZ IN HUNGARY – Who pays the cost of legal insecurity? (Jurisprudential Bulletin 2020/5) (in Hungarian)

Setting Aside Arbitral Awards in the Last 25 Years in Hungary – A Pro-Arbitration Approach with Minor Derailments (Yearbook of the Hungarian Permanent Arbitration Court 2019-2020)

SPOILED FOR CHOICE? – THE LAW GOVERNING ARBITRATION AGREEMENT IN HUNGARY IN INTERNATIONAL PERSPECTIVE (Hungarian Law review 2020/1) (in Hungarian)

ICCA YEARBOOK COMMERCIAL ARBITRATION 2019 - VOLUME XLIV. – PART V – Hungarian Chapter

IS LIQUIDATION PROCEDURE THE SWORD OF DAMOCLES? - The Hungarian construction trusteeship in front of the arbitral tribunal of ICC (Business and Law 2019/12) (in Hungarian)

Hungary: Setting Aside Arbitral Awards in the Last 25 Years – A Pro-Arbitration Approach with Minor Derailments (Kluwer Arbitration Blog 2020/01/26)

Hungary: The New York Convention In Court Practice In Two Decades - Formalistic Yet Pro-arbitration Approach? (Kluwer Arbitration Blog 2019/09/11)

UNHANDLED DATA PROCESSING? Basic data protection issues in arbitration proceedings after GDPR (European Law 2019/8) (in Hungarian)

LEAVING THE BETRODDEN WAY ... - Some Remarks about the retrial in Hungarian arbitration with international outlook (Procedural law review 2018/12) (in Hungarian)

About Richard

Richard is recognised as a skilled and solution-driven attorney who provides clients with a prompt and efficient legal advice.

Besides seeing all the pieces of a legal puzzle, he has the ability to focus only on those things that really count, without wasting time on the unimportant. Familiar with both the courtroom and the boardroom, his advice represents added value to any discussion.

Richard is graduated from the Faculty of Law of Budapest, Hungary, and acquired his LL.M degree in International and European Business Law in Belgium.

Believing that legal theory and practice are indivisible, besides supporting his Alma mater as a university lecturer, Richard frequently publishes articles in contemporary issues of dispute resolution and commercial law.

Richard is enrolled as arbitrator at the commercial section of the Hungarian Permanent Arbitration Court attached to the Hungarian Chamber of Commerce and Industry.

Richard acts as a Board Member of Intenational Law Firms (ILF), a worldwide network of more than 70 independent law firms from 50+ jurisdictions.

His hobbies include, playing the piano, he is also fond of classic and contemporary jazz.

Dr. Anita Vereb

Dr. Anita Vereb
Attorney-at-law

Dr. Anita Vereb

Core competencies
Languages
  • Hungarian
  • English
  • German
  • French

Track records

ONLINE MARKETPLACE – CONTRACT REGIME AND DATA PROTECTION

Online marketplace

Anita provided legal support for our Client in the establishment of an online marketplace which aims to bring together hunters and companies who offer hunting possibilities. The project included the development of the contractual system necessary for the operation of the online marketplace and to reach the GDPR-compliance of the webpage.

LABOUR LAW AND PRIVACY LAW SUPPORT BECAUSE OF THE COVID-19 PANDEMIC

Covid-19 – labour law and data protection related questions

Anita continuously supports our Clients, the Hungarian affiliates of an international company group in the solution of labour law and data protection law related problems which arise due to the Covid-19 pandemic.

M&A - TAKEOVER BY A US COMPANY

International M&A

Anita represented our Client in the project where our Client, a Hungarian LLC was taken over by a US company.

REPRESENTING GREEK CLIENT IN SHAREHOLDER RESTRUCTURING

Buying out minority shareholders

Anita advised our Greek client in buying out minority shareholders from a Hungarian Private Limited Company. Creating a new shareholder structure was crucial for our Client to achieve its long-term business goals.

COLLECTIVE EMPLOYMENT RELATIONS

Negotiating Works Council Agreement

Anita drafted and negotiated a works council agreement on behalf of our foreign client, employing 800+ workers in his Hungarian factory. The conclusion of this agreement was of key importance in the collective labour relations of our client, and to secure the mid-term business goals.

GDPR COMPLIANCE OF MOBILE DEVICE REPAIRER

GDPR Compliance of mobile device repairer company

Anita led the GDPR compliance project of our client, an IT devices repairer company. The project included the due diligence, the delivery of the full data protection related documents and the training of the employees.

EMPLOYMENT LAW

Employee Handbook

Anita drafted and reviewed employee Handbooks and labour law related internal policies for our foreign clients. Besides harmonising the parent companies’ respective policies, Anita focused on the case law of Hungarian labour courts, so that the client has an internal regulation which really works in practice.

GDPR COMPLIANCE OF SUBSIDIARY OF US COMPANY

GDPR Compliance of Hungarian subsidiary of US company

Anita led the GDPR compliance project of our client, a trading company whose parent company is based in the US. A particular challenge of the project was the GDPR proof personal data transfer to the US which was solved by the registration of the parent company under the EU-US Privacy Shield.

DATA PROTECTION

GDPR Compliance of an education service provider

Anita advised in the GDPR compliance project of our client an education service provider. The key theme of the project was how to provide the sufficient data protection related information to the students in a user-friendly and easily accessible form.

INFORMATION & TECHNOLOGY

Interconnection Agreement with a telecommunication company

Anita recently advised a domestic telecommunication company and its foreign mother company on an interconnection agreement with a Hungarian operator who has significant market power.

EMPLOYMENT LAW

Collective redundancy

Because of the change of the Client’s business model, Anita successfully coordinated and managed a collective redundancy by the Hungarian subsidiary of a foreign company without arising any further legal dispute.

REPRESENTING ITALIAN CLIENT IN LITIGATION

Vienna Convention based purchase contract

Legal representation of a foreign producer company in connection with a complex, purchase price- and quality-related legal dispute arising from a Vienna Convention based purchase contract.

About Anita

Anita is reliable and precise attorney who is ideally placed to tackle complex cases which require a multi-faceted approach and diverse knowledge.

Besides her lawyer qualification, she is a certified Data Protection Officer.

She has a wide-range experience in handling bigger projects with several stakeholders, especially in the field of data protection and GDPR compliance.

Her aim is to help clients find the most suitable way through the legal jungle. She is known as an attorney who successfully assists foreign clients to overcome the difficulties that the fast-moving and often hardly transparent legal environment may cause.

When not solving legal problems, she writes great articles in the SMARTLEGAL Newsletter on various topics from data protection, through employment law, to commercial law.

In her free time, she plays puzzle games, engages in sporting activities and reads legal thrillers.

Dr. Péter Gritta

Dr. Péter Gritta
Lawyer, Associate

Dr. Péter Gritta

Core competencies
Languages
  • English
  • Hungarian
  • French

Track records

INTELLECTUAL PROPERTY

Representation in trademark matters

Peter has represented several clients in the registration of trademarks in Hungary and the European Union, helping to protect the companies’ intellectual property in Hungary and internationally.

DEBT COLLECTION

Mass debt collection for a Hong Kong client

Peter participated in the lawsuit where we successfully represented our Hong Kong based client against a well-known airline in recovering 500+ claims in one litigation.

EMPLOYMENT LAW

Labour law counselling

Peter regularly advises our clients on labour law issues, finding solutions to problems encountered by employers ranging from small businesses to factories employing 800+ workers.

INTERNATIONAL DEBT COLLECTION

Collecting debt for foreign client

Peter advised our foreign client in collecting debt from a Hungarian company. By starting the appropriate procedure with good timing based on the advice of Peter, the Client could get the claim without starting costly litigation.

CORPORATE LAW

Setting-up Hungarian Subsidiaries

Péter participated in the Hungarian market entry of several foreign clients by advising them on company formation and related matters, like employment law and commercial contract samples.

EMPLOYMENT LAW

Employee Handbook

Péter has recently drafted and reviewed Employee Handbook and labour law related internal policies of our foreign client, focusing on case-law of Hungarian labour courts.

About Péter

Joined the firm in 2018, currently working on his bar exam in addition to his daily tasks. After gaining experience as a trainee lawyer, Peter is now involved in more complex legal cases and coordinates several projects. His main areas are labour law and international trade and he represented Clients with success in front of Hungarian courts and authorities in many other areas as well.

Besides his lawyer qualification, Peter is a certified Data Protection Officer and has legal English language qualification.

In addition to legal counselling, he frequently contributes to the SMARTLEGAL Newsletter with his great writings.

Being an original thinker, his opinion always gives added value to the solution of our clients’ legal issues.

In his free time, he is interested mostly in culture and in music. He plays the piano and composes music from his childhood.

Dr. Péter Korózs

Dr. Péter Korózs
Junior Associate

Dr. Péter Korózs

Core competencies
Languages
  • English
  • Hungarian
  • German

Track records

CORPORATE & COMMERCIAL

Peter regularly advises our clients in corporate law matters, in every stage of the company life, from company formation through corporate amendments to termination of the company.

DEBT COLLECTION

Peter manages successfully the whole debtor portfolio of our international client, having several debt collection cases in Hungary.

INTELLECTUAL PROPERTY Peter has participated successfully in several trademark registration procedures.
CORPORATE & COMMERCIAL

Peter provides legal advice on a daily business to our client, who leases his business units of its real property portfolio to foreign and Hungarian lessees.

CORPORATE & COMMERCIAL

Peter supports from legal side the day-to-day business of our client, operating in the international transportation business, where timely legal advice is highly needed.

About Peter

Joined the firm in 2019, Peter is the youngest member of the team. As a trainee lawyer, he participates in the preparation of more complex cases and maintains relation with foreign and Hungarian clients on daily basis.

He is regular author of the SMARTLEGAL Newsletter, by informing our clients about the latest legal news of Hungary.

He has an advanced level language exam in legal English.

In his free time he prefers riding the mountain bike, or reading classic and modern literature.

Karina Mihály

Karina Mihály
Legal assistant

Karina Mihály

Languages
  • English
  • Hungarian

Dr. Péter Korózs

Core competencies
Languages
  • English
  • Hungarian
  • German

Track records

CORPORATE & COMMERCIAL

Peter regularly advises our clients in corporate law matters, in every stage of the company life, from company formation through corporate amendments to termination of the company.

DEBT COLLECTION

Peter manages successfully the whole debtor portfolio of our international client, having several debt collection cases in Hungary.

INTELLECTUAL PROPERTY Peter has participated successfully in several trademark registration procedures.
CORPORATE & COMMERCIAL

Peter provides legal advice on a daily business to our client, who leases his business units of its real property portfolio to foreign and Hungarian lessees.

CORPORATE & COMMERCIAL

Peter supports from legal side the day-to-day business of our client, operating in the international transportation business, where timely legal advice is highly needed.

About Peter

Joined the firm in 2019, Peter is the youngest member of the team. As a trainee lawyer, he participates in the preparation of more complex cases and maintains relation with foreign and Hungarian clients on daily basis.

He is regular author of the SMARTLEGAL Newsletter, by informing our clients about the latest legal news of Hungary.

He has an advanced level language exam in legal English.

In his free time he prefers riding the mountain bike, or reading classic and modern literature.