Employee Stock Ownership Plan (ESOP)
Services we provide
Although Employee Stock Ownership Plans are an emerging field of law in Hungary, KCG Partners has already earned national recognition for its ESOP practice primarily due to our strong background in business law, including M&A, corporate, financial, regulatory and tax disciplines. Our attorneys are frequent lecturers and authors regarding corporate, tax and transactional issues relating to ESOPs and have been active leaders in this community for years. As a result, our firm can provide comprehensive assistance for both leveraged and non-leveraged deals throughout all stages of the ESOP business lifecycle: planning/structuring, implementing, financing, maintaining and redeeming
Clients we serve
KCG Partners regularly advises financial institutions, insurance companies, shareholders, management, public and private corporations, family businesses, investors and other parties in designing, implementing, and using ESOPs in transactions.
Value we deliver
With our extensive experience and business-first approach, KCG Partners ensures that ESOP transactions are constructed in a manner that fully protects our clients’ interests, reduces inherent risks and transaction costs, and maximizes financial return. Our clients receive an additional layer of protection due to our addressing the tax consequences of the transaction and the resulting post-transaction structure. Our clients especially appreciate our ESOP transaction planning process during which we provide our clients with feasibility and compliance analyses, utilize stakeholder evaluations, and undertake meticulous scoping and value engineering of our legal services to achieve maximum business results.
RANKINGS
Practice head Levente Csengery of KCG Partners Law Firm advises clients from a variety of sectors on redundancies and management fraud issues, and is an experienced employment litigator.
— Employment, Chambers & Partners, 2015
‘Levente Csengery is the key employment law specialist.’
— Employment, Legal500, 2015
Eszter Kamocsay-Berta often advises on tax issues related to real estate, M&A and employment. Clients appreciate that she is ‘practical rather than just theoretical, and very trustworthy.’
— Tax, Chambers & Partners, 2015
KCG Partners Law Firm’s ‘practical and pragmatic approach’ earns plaudits from clients, and is regularly entrusted with sensitive contentious and non-contentious employment matters. The two partners –Levente Csengery and Rita Párkányi – are recommended.
— Employment, Legal500, 2017
The ‘very professional’ two-partner team at KCG Partners Law Firm has an expanding client portfolio which has added several international companies. Practice head Eszter Kamocsay-Berta is recommended along with Gabriella Gálik, who is ‘thorough, precise and hardworking’.
— Tax, Legal500, 2017
Levente Csengery is described by sources as an ‘open and solution-oriented lawyer.’ He regularly handles a variety of employment matters, including labour litigation, company restructuring and executive contracts. Clients consider him to be a ‘very good negotiator and great communicator.’
— Employment, Chambers Europe, 2018
At KCG Partners Law Firm, the team is singled out for its ‘business-minded approach and in-depth knowledge of employment law’. It is particularly experienced in advising on employee-stock ownership plans and handling contentious employment matters. Levente Csengery and Rita Párkányi jointly head the team.
— Employment, Legal500, 2018
Interviewees also note the increasing presence the firm is establishing in the market: ‘They are wielding their presence quite visibly and are becoming a very good boutique firm.’
— Employment, Chambers Europe, 2018
Clients appreciate the level of attention given to them, describing the team as ‘reactive,’ adding: ‘They seem to really value us.’
— Employment, Chambers Europe, 2018
KCG Partners Law Firm advises on the tax aspects of cross-border M&A transactions and the tax implications of employee share plans. Eszter Kamocsay-Berta and Gabriella Gálik are ‘very commercial and solution-driven’.
— Tax, Legal500, 2018
Sources praise Levente Csengery for his ‘very useful advice.’ He often represents clients in litigation, and is lauded for being ‘absolutely on the dot with his knowledge of employment law,’ as well as being ‘experienced, very skillful and helpful in supporting us.’
— Employment, Chambers Europe, 2019
Interviewees also appreciate the team members' pragmatism: ‘We can sit down and discuss matters. They grasp the legal side quickly but also have a very personable approach.’
— Employment, Chambers Europe, 2019
Clients stress that the lawyers are ‘fast, very well prepared and detailed.’
— Employment, Chambers Europe, 2019
The ‘proactive’ team at KCG Partners Law Firm is instructed on the tax aspects of infrastructure projects and restructurings. It also advises on the tax implications of employee transfers and share schemes.
— Tax - Legal500, 2019
KCG Partners Law Firm handles a raft of contentious and non-contentious mandates and is particularly experienced in advising on employee stock ownership plans. The group acts for a number of clients in the financial services sector.
— Employment, Legal500, 2019
Clients praise KCG Partners Law Firm's 'flexible and proactive attitude' as well as its 'quick and precise solutions'. Recent highlights include a mix of commercial and corporate transactions, as well as restructuring and ESOP-related matters. Eszter Kamocsay-Berta is praised for her 'excellent knowledge of her clients and their businesses', and jointly lead the team with Gabriella Gálik. Rita Párkányi is also singled out as 'a great lawyer with a very positive attitude'.
— Legal500, 2020
Easy to work with, quick and responsive, providing a sound legal advice with excellent knowledge of the local market and understanding of the business environment.
— Legal500, 2020
They are also very focused on client satisfaction and to serve the needs on a very high standard. They are very responsive, effective and proactive when solving even quite complex issues. Their negotiation skill is also admirable.
— Legal500, 2020
Gabriella Gálik is well prepared from a professional point of view who strives to provide the highest standard even under a lot of pressure and to come up with a solution that is beneficial for the client. She communicates in a way that even complex legal matters are understandable for clients.
— Legal500, 2020
Eszter Kamocsay-Berta is a highly recognised expert of the Hungarian ESOP transactions, due to her unique experience with financial institutions and capital markets. She is an excellent negotiator understanding the global picture but at the same time she also takes care about the details.
— Legal500, 2020
‘The strong alliance among its partners makes KCG unique on the market. Their close collaboration is one of their strongest strengths that helps them a lot.’
— Employment, Legal500, 2023
KCG has a one-of-a-kind team, both in terms of size and expertise.
— Employment, Chambers Europe, 2024
Levente Csengery is a well-established employment lawyer, and is especially experienced in remuneration and employee benefits matters, as well as advising on collective redundancies.
— Employment, Chambers Europe, 2024
Always responsive and innovative in relation to new challenges.
— Employment, Legal500, 2024
Krisztián Királyvölgyi has an excellent understanding of client issues and challenges. He has exceptional experience in wealth management and ESOP.
— Legal500, 2024
Krisztián Királyvölgyi has become a key member regarding our corporate transactions and wealth management, he is accurate, competent and very efficient. Proactive handling, flexibly availability.
— Legal500, 2024
