G. Péter Nagy is a senior member of the Corporate, Real Estate and Tax Practice Groups of the Budapest office of White & Case. Péter also has considerable experience in commercial, pharmaceutical, employment, intellectual property, competition and finance law.

Péter's practice primarily focuses on the corporate and tax aspects of real estate transactions and matters relating to the operation of multinational companies in Hungary.

Péter's recent, significant experience in real estate include advising: 

• One of the most successful shopping center developers in the CEE region, in connection with its acquisition and development of a shopping center, hotel and office complex located at the Kerepesi racetrack site in Budapest and its subsequent sale to AIM for €400 million; 
• One of the largest publicly traded real estate companies in France in its €20 million acquisition of land, in the context of a municipal tender, for development of a new commercial complex in Székesfehérvár, Hungary and in the subsequent development of the commercial complex; 
• A leading international developer of independent power generation projects on its planned acquisition and development of power plant projects in Hungary; 
• The Hungarian subsidiary of Portugal's largest construction company in connection with the development of four real properties in Hungary, involving the building and subsequent sale of 150 apartments; 
• Two major international real estate developers in connection with their listing on the AIM market of the London Stock Exchange; and 
• Several Hungarian real estate developers in their development and subsequent sale of residential and industrial properties.

A sample of the clients Péter has provided corporate advice to is as follows: 

• A leading Hungarian energy efficiency and emissions reduction company in Central and Eastern Europe as issuer in a proposed public offering; 
• A leading Spanish construction group on the 2006 acquisition of UK's largest airport operator, and the 2007 sale by the construction group and the airport operator of the airport operator's majority stake in the Hungarian Airport to a German airport operator for €1.9 billion; 
• A subsidiary of a leading Japanese machine maker in the voluntary liquidation of its Hungarian affiliate; 
• A leading Czech pharmaceutical company on the establishment of its Hungarian subsidiary and in connection with the acquisition of the marketing rights of certain pharmaceuticals from a global healthcare leader; and 
• Two Czech pharmaceutical companies in connection with the establishment of branch offices in several countries, including Belarus, Bulgaria, Romania and Estonia.

As a member of the Tax Practice Group, Péter has advised or is currently advising: 

• A Canadian real estate developer specializing in developing landmark architecture worldwide, on VAT issues in real estate sale and purchase transactions, as well as on tax issues associated with shareholder loans; 
• A leading Czech pharmaceutical manufacturing company and its Hungarian subsidiary on a surtax levied on the distribution of pharmaceutical products being added to the Hungarian social security scheme under the New Hungarian Pharma Economy Act and related tax administration issues; 
• A major player in the Continental European shopping center property market on corporate tax and stamp duty questions concerning the transfer of business quotas in a Hungarian company, the establishment of an easement and the new Hungarian real estate VAT scheme, as well as on the Hungarian tax implications of a proposed real estate development structure; and 
• One of the Hungarian subsidiaries of the leading real estate owner and developer in Budapest on general corporate and tax matters.

Prior to joining the Budapest office from another international law firm, Péter advised: 

• A US electricity company on the legal framework governing the partially liberalized Hungarian electricity market as from 2003; 
• The Czech subsidiary of a US electricity company on the purchase and supply of electricity in Hungary; 
• A major US energy company in connection with its potential acquisition of a power plant in Budapest; 
• One of the largest US-based telecom providers on corporate matters relating to its business quota in Hungarian mobile phone service providers, and in the disposition of its equity interests therein to a German telecom company; and 
• Various foreign and Hungarian companies in the establishment of their subsidiaries in Hungary.

Péter also worked as a legal analyst in the Legal Affairs and Claims Department of the World Bank's Multilateral Investment Guarantee Agency (MIGA) in Washington, DC, where he provided assessments on the level and adequacy of legal protection of Foreign Direct Investment (FDI) by national laws in member countries of the World Bank. Prior to that, he spent part of his internship at the United Nations Office of Legal Affairs, mainly dealing with international dispute resolution issues in matters with outside contractors of supplies for the UN blue helmet corps.

Bars and Courts
Budapest Bar, 2001

Education
PGDip in Banking and Securities Law, Pázmány Péter Catholic University, Budapest, 2006
Registered Tax Advisor, Hungarian Chamber of Auditors, Budapest, 2004
LLM, Northwestern University School of Law, Chicago, 1997
JD, Eötvös Loránd University, Budapest, 1996
MBA, Finance and International Economics, Budapest University of Economic Sciences and Public Administration, 1993

Languages
Hungarian
English
Spanish

Citizenship
Hungary