White & Case
 
Mónika Frank
Associate
Budapest

T: + 36 1 488 5200
F: + 36 1 488 5299
E:
Practice Experience
Mónika Frank is a senior associate of the Budapest office, having joined White & Case in 2005. She is a leading member of our Real Estate and Corporate practice groups.

She focuses on real estate, mergers and acquisitions, construction as well as project financing matters, with particular emphasis on real estate financing contracts, credit facility agreements, sale and purchase agreements, syndicate agreements and lease agreements. Mónika also has considerable experience in dispute resolution and litigation, having represented Hungarian and international companies in civil court and liquidation procedures, as well as private clients in civil court and out of court settlements.

Leading benchmark publications consistently recognize Mónika as an accomplished real estate lawyer. She has been described as "very talented, personable and responsive." Clients "admire her in-depth knowledge of the area as well as her understanding of (their) transactions." (Chambers Europe 2008)

In recent transactions Mónika has advised, or is advising: 
  • One of the largest publicly traded real estate companies in France, in:
    • The €285 million acquisition of a portfolio of 12 shopping malls located in Hungary, including one of the largest shopping malls in Budapest in 2004; 
    • The €100 million purchase of a 60 percent shareholding in a Hungarian development company for a retail and office complex; and 
    • A tender offer for the acquisition of land (€20 million) for development into a new commercial complex in Székesfehérvár, Hungary and the subsequent development of the property; 
  • One of the most successful shopping center developers in CEE in connection with: 
    • Its successful international public offering of shares listed on the London Stock Exchange, in which we also acted as special Hungarian counsel to a premier global financial services firm, the sole book runner. The developer raised approximately £154 million through the offering;
    • The acquisition from a French industrial group and development of a shopping center, and hotel and office complex, located at the Kerepesi racetrack site in Budapest and the subsequent construction of Hungary's largest shopping center, on that site; and 
    • The subsequent €400 million sale of Aréna Plaza to an AIM; 
  • A holding company for the European hotel business of a NASDAQ-listed company and the parent company of one of our clients, a leading real estate developer in CEE, with respect to an IPO on the AIM market in London; 
  • A Canadian developer specializing in developing landmark architecture worldwide, in: 
    • Its acquisition of Budapest's former Stock Exchange Palace (which used to be occupied by Hungarian State Television (MTV)) for re-development into Class A offices and retail spaces; and 
    • The acquisition of Lipót Garage, an underground parking facility located in central Budapest; 
  • A Dutch property investment and development company, together with the London office of White & Case, in its proposed listing on the LSE; 
  • An international Spanish clothing company, in a litigation matter involving buildings it owns on Andrássy Avenue, Budapest, and with regard to possible future acquisitions of historical buildings for development into mixed retail, office and other use; 
  • A 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 relation to the proposed listing of their real estate portfolio on the AIM market of the London Stock Exchange; 
  • In what was the largest rental transaction in Hungary in 2009, one of the largest banks in Hungary on the selection of the location of its campus-like 52,000 square meter headquarters at the Millenium City Center in Budapest; 
  • A UK-based private equity fund specializing in real estate, in several real property transactions, particularly in the sale and purchasing of properties through SPVs; 
  • A leading international developer of independent power generation projects on its planned acquisition and development of power plant projects in Hungary; 
  • A Hungarian company which specializes in developing and constructing real estate projects in CEE, and its subsidiaries, in a litigation matter against a Hungarian consulting-engineering company; and 
  • One of the largest operators of luxury health and fitness clubs, with respect to real estate and corporate issues related to their first club in Hungary.

Prior to joining White & Case, Mónika practiced at other leading law firms in Hungary as a member of the real estate teams.

Bars and Courts
Budapest Bar, 2005

Education
PG Dip in Real Estate Law, Eötvös Loránd University, Budapest, 2009
JD, Janus Pannonius University, Pécs, 2001
Tilburg University, (Katholieke Universiteit Brabant), Holland, 2000

Awards and Recognition
Legal 500 Europe, Middle East & Africa, 2008-2014
PLC Which Lawyer?, 2011 and 2012
Chambers Europe, 2008 - 2013
Hungarian Law Firm of the Year 2010, IFLR1000
CEE Law Firm of the Year 2010, Chambers Europe Awards

Languages
Hungarian
English
German

Citizenship
Hungary

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