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Schoenherr Advises Fiberhome on Hungarian Business Setup and Industrial Site Acquisition

Schoenherr Advises Fiberhome on Hungarian Business Setup and Industrial Site Acquisition

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Schoenherr has advised Chengdu Datang Communication Cable on the establishment of its Hungarian subsidiary, Zettanet Kft., and the acquisition of a 25,000-square-meter industrial site in Kisber from Sumitomo Electric Wiring Systems Limited. Sole practitioner Zsolt Fuesthy advised the sellers.

Chengdu Datang Communication Cable is a member of the Fiberhome Group. Fiberhome is listed on the Shanghai Stock Exchange and is a producer of optical cables.

Sumitomo Electric Wiring Systems Limited is a European-based company of the Japanese Sumitomo Group.

The Schoenherr team included Partners Kinga Hetenyi and Laszlo Krupl, Attorney at Law Adrian Menczelesz, and Associates Noemi Suller and Viktoria Magyar.

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DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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