Areas of expertise
The Kaiser & Pilisi team provides personalized services covering the full spectrum of corporate law, catering to clients ranging from joint-stock companies to small and medium-sized enterprises (SMEs).
Our capabilities encompass:
- Establishment and transformation of legal entities
- Acquisition and sale of subsidiaries
- Syndicate and joint venture agreements
- Planning and optimizing corporate governance structures
- Optimization of organizational processes and decision-making
- Development of internal operational regulations
- Structuring and optimizing group company structures
- Management of risk and private equity transactions
Corporate Law and Acquisitions
Tax Law
The Kaiser & Pilisi team provides comprehensive consultancy services with the involvement of recognized tax advisors, accountants, and auditors, covering all tax matters.
A well-developed and secure tax strategy
A well-developed and secure tax strategy holds paramount importance for both individual and corporate clients, often requiring complex solutions that span multiple legal areas and tax types. Recognizing this significance, clients can rely on the Kaiser & Pilisi team not only for consultancy services but also for representation in tax litigation, tax administrative procedures, and tax audits.
Tax Structure for Corporate Groups
The Kaiser & Pilisi team can provide assistance with various effective tools concerning the tax structure of corporate groups, including determining related party relationships, group corporate tax liability, or group VAT liability.
The primary focus of the Association in this area is economic criminal cases.
The Kaiser & Pilisi team provides specialized expertise and outstanding preparation for defense and representation of victims, both individuals and corporate entities, throughout the entire criminal proceedings, from the commencement of the investigation to the conclusion of the court proceedings.
No two criminal cases are alike, and the Kaiser & Pilisi team meticulously examines each case individually. Through personal consultations, they uncover the facts necessary for effective defense in criminal proceedings. Subsequently, they develop the most appropriate defense strategy.
In representing victims, they uphold their clients’ interests at a high standard during criminal proceedings, with particular attention to asserting civil law claims.
Defense Services
- Consultation and legal advice
- Development of defense strategies
- Preparation of the client for criminal proceedings and individual procedural actions
- Communication with authorities
- Client participation in all procedural actions
- Full representation of the client in procedural actions that do not require their presence
- Effective defense throughout all stages of the proceedings
Victim Representation
- Consultation and legal advice
- Preparation of criminal complaints
- Development and assertion of civil law claims
- Preparation of the client for criminal proceedings and individual procedural actions
- Continuous communication with authorities
- Client participation in all procedural actions
- Full representation of the client in procedural actions that do not require their presence
- Effective victim representation throughout all stages of the proceedings
Criminal Law
Real Estate and Construction Law
The team at Kaiser&Pilisi provides comprehensive legal support for clients in real estate developments and property investments throughout all stages of transactions.
These assignments typically include due diligence prior to property acquisition, uncovering the property’s land registry status and ownership chain. Additionally, they involve drafting sales contracts and, depending on the project, preparing planning, construction contractor, and general contractor agreements.
The team at Kaiser&Pilisi is available to assist clients with all legal matters related to real estate transactions:
- Preparation, review, and representation during business negotiations of purchase agreements for apartments, houses, plots, agricultural land, industrial properties, and other real estate.
- Legal representation during procedures related to clearing encumbrances on properties and drafting security agreements burdening real estate.
- Preparation and review of lease and sublease agreements for residential and office spaces.
- Preparation and review, as well as legal advice, on donation agreements and exchange contracts.
- Tax advisory services related to real estate matters.
- Drafting of founding documents and organizational and operational regulations for condominiums and office buildings.
- Legal advice on construction rights, representation in matters related to construction works and permits.
For each of these services, Kaiser&Pilisi provides comprehensive legal support throughout the entire process of real estate transactions.
The team at Kaiser&Pilisi provides legal support tailored to client preferences, assisting them in achieving their business objectives through thorough preparation, negotiation, execution of agreements, and enforcement of rights arising from contracts.
The team at Kaiser&Pilisi offer legal advisory services, document preparation, and negotiation support in various types of contracts, including:
- Purchase and sale agreements
- Commercial agreements
- Business and commissioning contracts
- Construction contracts
- Supply and trade agreements
- Distribution and agency agreements
- Franchise and license agreements
- Collaboration agreements between economic entities
Commercial law
Banking Law
The Kaiser&Pilisi team has extensive experience in the internal operational regulations of financial institutions operating in Hungary.
The team at Kaiser&Pilisi has handled various assignments concerning compliance
- With relevant European Union and domestic regulations for numerous Hungarian financial institutions
- Developed or modernized the remuneration policies of credit institutions in compliance with strict remuneration rules prescribed by the Banking Act (Hpt.).
- Assisted in establishing and operating Employee Share Ownership Plans (MRP) for credit institutions to achieve tax benefits defined by law and enhance employee motivation.
- Facilitated the creation and modernization of internal regulations affecting the operations of financial institutions to promote more efficient and economical operations.
- Represented clients in proceedings before the Hungarian National Bank.
- Provided legal representation for financial institutions in criminal proceedings related to economic and property crimes committed against them.
A successful business is characterized not only by efficient organizational, operational, and tax structures but also by precise, predictable, and optimal determination of labor law frameworks. The Kaiser&Pilisi team provides effective assistance to clients in:
- Establishing, modifying, and terminating employment relationships;
- Drafting contracts for senior executives and specialized employment agreements;
- Designing performance-based remuneration (bonus) systems; and
- Initiating and managing Employee Share Ownership Programs.
These services ensure that clients can navigate labor law complexities effectively, fostering a conducive environment for sustainable business operations and employee engagement.
Labor Law
Trust Asset Management, Trust Foundations
The essence of the trust asset management structure is that the settlor, who possesses assets (cash, deposits, securities, real estate, business interests, artworks, etc.), entrusts these specified assets to a trustee. The trustee, according to the terms of the trust agreement, manages these assets.
In the asset management agreement, the settlor can determine not only the principles of asset management and the extent of risk-taking in advance but also specify who the beneficiaries of the assets are and under what conditions they will receive benefits, including the type and amount of benefits. The settlor themselves can also be a beneficiary of the assets.
The team at Kaiser&Pilisi has extensive experience with numerous domestic financial institutions:
- It serves as an excellent method to maintain the entirety of assets when the company owner’s descendants are unwilling or unable to continue the business.
- It ensures professional asset management when the size or complexity of assets requires extensive expertise beyond the owner’s capacity, and passing on control within the family is not satisfactorily feasible.
- Similarly, parents can use trust management to provide for their children’s (future) expenses, such as tuition fees or their first home purchase.
- Trust management allows for the restructuring of general inheritance rules under the Civil Code (Ptk.).
- It can also be used to incentivize managers, whereby if specified performance metrics are achieved, the company owner (or trust manager) may allocate them a share of the company’s profits or equity.
- Instead of a syndicate agreement, it enables more predictable governance for joint ventures aligned with the owners’ agreements.
- In the event of corporate acquisitions, it ensures a clearer and safer management of pending legal matters until closing for both parties involved.
Asset Management Foundation
The introduction of the asset management foundation has brought a new form of wealth management into the Hungarian legal system. Asset management by the foundation operates in many respects similarly to fiduciary asset management, with the significant difference that in this case, the management of assets is performed by an independent legal entity established by the asset owner in the form of a foundation, according to the purposes and provisions specified in its deed of foundation. Two types of asset management foundations are distinguished: public benefit foundations and non-public benefit foundations (established for private purposes, known as family asset management foundations).
Asset management by the foundation is suitable for consolidating the assets of high-net-worth individuals and families. The asset management foundation is established by the asset owner, who determines the objectives of management, its regulations, appoints individuals to participate in the management or supervisory board, and may himself or herself participate in the management of the foundation. The foundation can be kept under continuous supervision by the founder. Assets owned by the foundation are not considered part of the founder’s personal wealth, thus not forming part of the founder’s personal assets.
The Kaiser&Pilisi team provides comprehensive services related to the Employee Share Ownership Program (hereinafter: “MRP”)—including the establishment and operation of the MRP organization, as well as related training and consulting services.
The MRP is a compensation and ownership structure that enables employees and executive officers to become stakeholders in the long-term business success of the company. It is particularly well-suited for performance-based incentives, as the benefits provided through the MRP organization are also tax-efficient for both the employer and the employee.
Tax Advantages:
The employee pays only 15% personal income tax on income received through the MRP, with no obligation to pay the individual social security contribution (18.5%).
The employer is exempt from the 13% social contribution tax, and—under the regulations effective from January 1, 2022—there is no longer any obligation to pay the vocational training contribution.
An additional advantage of the program is that participants may also receive dividends from the MRP organization’s after-tax profits. In such cases, a social contribution tax liability may arise, but only up to the annual social contribution cap. Once the cap is reached, no further contribution is required for that year.
Kaiser&Pilisi supports its clients with up-to-date expertise throughout the entire lifecycle of the MRP—from strategic planning and the practical implementation of daily operations to the professional design and application of the most favorable tax solutions within the legal framework.
