There is no doubt that the coronavirus pandemic was a fundamental shock to the Hungarian economy. Many business operators have tried to reduce their losses by terminating contracts, referring to the coronavirus as force majeure cause and there have now been more court decisions in such cases. A recent one deals with the question whether a long-term framework contract may be terminated because of the impossibility of the performance, invoking the coronavirus as a force majeure.

Nestor Nestor Diculescu Kingston Petersen, working alongside Armstrong Teasdale, has advised Insight Enterprises on its acquisition of Amdaris.

Sobczynscy i Partnerzy has advised SmakMak on its purchase of a production plant in Poniec from companies belonging to the Mroz Group. 

Radovanovic Stojanovic & Partners has advised the shareholders of Belgrade-based pharmacy chain Emily Pharm on the sale of all their shares to the Dr. Max Group.

Stratulat Albulescu, working with San Francisco-based Fathom Law, has advised 3VC on leading the USD 10 million series A financing round for Romania's Creatopy together with Point Nine. BPV Grigorescu Stefanica, working with Wilson Sonsini Goodrich & Rosati, advised Creatopy and its founders.

BDK Advokati has advised the Amiga DOO shareholders on the full sale of the company to Beam Global. MMD Advokati advised Beam Global.