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Portrait of Péter Deák

Péter Deák

Senior Associate

Contact
CMS Cameron McKenna Nabarro Olswang LLP Magyarországi Fióktelepe
YBL Palace
Károlyi utca 12
1053 Budapest
Hungary
Languages Hungarian, English

Péter is a senior associate in the Energy, Projects & Construction team at CMS Budapest with specific focus on the energy sector. 

Péter joined the CMS Budapest office in 2011 after graduating from the University of Szeged. 

He has conducted several due diligence exercises and has relevant experience in the energy sector. 

Furthermore, Péter has experience in reviewing and drafting general commercial agreements, as well as in preparing various memoranda relating to regulatory issues. He also gained experience in various public procurement projects and represented cases before the Public Procurement Arbitration Board and court.  

Peter has been seconded to various international companies, where he provided day-to-day legal advice in all projects of the companies and worked closely with local businesses and the companies headquarter’s legal departments.

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"Very reliable partners throughout our projects in Hungary."

Legal 500, 2022

Relevant experience

  • French and Romanian branches of Engie on the acquisition of a limited natural gas trading, as well as providing advice to Engie in general in relation its gas trading activities in Hungary.
  • Budapest Power Plant on all its day-to-day issues, including developing EPC contract templates and providing legal advice on various large-scale EPC and refurbishment contracts. We also support the company via on site secondment for almost a year now, providing support on all legal issues that may arise during the operations.
  • A renewables and environment company on the planned acquisition of multiple SPVs and PV projects in several locations in Hungary, which deal is one of the biggest photovoltaic acquisitions on the Hungarian market.
  • A major Hungarian commercial bank on the energy aspect of several financing energy projects, such as the financing of the solar power plant projects of a Slovak and Czech investor, the financing of OMNI Energy, a developer of distributed renewable energy and sustainability projects and on a photovoltaic project financing in Hungary. 
  • Group of lenders (lead by Citibank) on the financing of the acquisition of the TIGÁZ entities in Hungary acquired by MET from the ENI Group.
  • An energy company on the planned acquisition of ownership interest in a concession company entitled to explore liquid gas fields in Hungary.
  • A Slovenian energy company in the course of a public procurement procedure in the subject matter of “Building a geothermal heat supply system in Komárom” in relation to its planned entry to the Hungarian mining market.
  • Linde Gas - representing the client before the Public Procurement Arbitration Board in relation to its exclusion from a public procurement procedure for providing abnormally low prices. 
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Education

  • 2011 – Doctor of Law (University of Szeged, Faculty of Law, Hungary)
  • 2011 – American Legal Experts’ Training (University of Szeged, Faculty of Law, Hungary - University of Toledo, OH, USA)
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Feed

15/06/2022
Hun­gary in­tro­duces 65% ex­tra profit tax on re­new­able pro­jects leav­ing KÁT/METÁR...
On 4 June 2022, the Hun­gari­an gov­ern­ment ad­op­ted a new gov­ern­ment de­cree in­tro­du­cing sec­tor-spe­cif­ic taxes to com­pan­ies viewed by the gov­ern­ment as gen­er­at­ing "ex­tra profits" in the cur­rent ad­verse eco­nom­ic...
17/07/2020
Hun­gary launches new METAR tender to grant green premi­um sub­sidies for...
On 15 Ju­ly 2020, the Hun­gari­an En­ergy and Pub­lic Util­ity Reg­u­lat­ory Au­thor­ity (HE­PURA) launched the second METAR Tender to sup­port elec­tric­al en­ergy pro­duced from re­new­able sources. Ori­gin­ally in­tro­duced...
15/07/2020
Hun­gary's par­lia­ment ad­opts elec­tri­city act amend­ment al­low­ing ex­ten­sion...
On 3 Ju­ly 2020, the Hun­gari­an par­lia­ment ad­op­ted an amend­ment to Act LXXXVI on elec­tri­city. Fur­ther to the state of emer­gency an­nounced by the Gov­ern­ment and sur­round­ing COV­ID-19, the amend­ment au­thor­ises...
23/03/2020
Hun­gary re­laxes cer­tain pub­lic-pro­cure­ment rules dur­ing COV­ID-19 crisis
Ac­cord­ing to Gov­ern­ment  De­cree No. 48/2020 ef­fect­ive from March 20, dir­ect pur­chases from Hun­gari­an sources (not in­clud­ing those from EU sources) that dir­ectly re­late to pro­tec­tion against the coronavir­us...
17/10/2018
Break­fast sem­in­ar: The new e-pub­lic pro­cure­ment sys­tem
Un­der the EU’s Pub­lic Pro­cure­ment Dir­ect­ive all Mem­ber States are re­quired to com­ply with the e-pub­lic pro­cure­ment ob­lig­a­tions by 18 Oc­to­ber 2018. On this oc­ca­sion, CMS Bud­apest is host­ing a busi­ness...
19/04/2018
Hun­gary switched to e-pro­cure­ment as of 15 April 2018
Hun­gary 17 April 2018 Com­ply­ing with its ob­lig­a­tions un­der Dir­ect­ive 2014/14/EU, Hun­gary has in­tro­duced elec­tron­ic com­mu­nic­a­tion in pub­lic pro­cure­ment pro­ced­ures. From 15 April 2018, con­tract­ing au­thor­it­ies...