Name: Richard Schmidt LL.M
Firm Name: SMARTLEGAL Schmidt & Partners
Jurisdiction: Hungary
Practice Area: Commercial Litigation Law


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Professional Biography:

Leaders in Law endorses Richard Schmidt as our exclusively recommended Commercial Litigation Law expert in Hungary. If you wish to get in touch with Richard please use the contact information provided above.

Richard is recognised as a skilled and solution-driven attorney who provides clients with a prompt and efficient legal advice.

Besides seeing all the pieces of a legal puzzle, he has the ability to focus only on those things that really count, without wasting time on the unimportant. Familiar with both the courtroom and the boardroom, his advice represents added value to any discussion.

Richard is graduated from the Faculty of Law of Budapest, Hungary, and acquired his LL.M degree in International and European Business Law in Belgium.

His hobbies include, playing the piano, he is also fond of classic and contemporary jazz.

Core Competencies

– Litigation & Arbitration

– Commercial law

Languages

– Hungarian

– English

– German

– French

Memberships

– ICCA – International Council for Commercial Arbitration

– ILF – International Law Firms – Network of independent law firms

TRACK RECORDS

Representing Italian Client in ICC Arbitration

International construction dispute

Richard successfully represented our Italian Client from the oil & gas sector. The complex dispute regarding a Hungarian industrial plant was settled by arbitration in front of the International Court of Arbitration of the International Chamber of Commerce with the victory of theclient.

Collecting Debt For Russian Manufacturer

Supply contract dispute

Richard represented a Russian manufacturer against a non-paying Hungarian company. The debtor, placed under legal pressure, finally paid the debt, so the Client could avoid arbitration.

Arbitration in Transportation Matter

International transportation dispute

Richard represented with success a market leader logistics service provider in an international transportation dispute, in front of the Hungarian Court of Arbitration. By winning such a complex case Richard clearly exceeded the client’s expectations.

Represtentin UK Client in Litigation 

Lease contract dispute

Richard represented a UK client in a commercial dispute involving the unlawful termination of a long-term lease agreement, and finally won the case in front a Supreme Court. The case was critical for the Client’s business in Hungary.

Arbitration of Exclusive Transportation Contract

Breach of exclusive forwarding contract

Richard started arbitration on behalf of our client, whose exclusive forwarding contract was breached by the partner. The arbitration was successfully closed with a judgment in favaour of our client.

Representing Swiss Client in Litigation

Breach of loan agreement, collateral alienation

Richard won the case in court for our Swiss Client, offering lending and asset management services against a Hungarian debtor who failed to pay back the loan and alienated the real estate being the security of the loan. Richard reached a final judgement in favour of the client within 1 year.

Representing Green Landlord against Hungarian Tenant

Legal dispute from a lease agreement

Richard represented our Greek Client against its Hungarian tenant. The tenant accumulated a significant debt during the recent years which he paid back within 6 months after Richard started legal procedures.

Representing Romanian Client in Cross-Border Dispute

Unlawful contract termination

Richard represented a Romanian Client in an unlawful long-term contract termination case. Instead starting a never-ending court battle, he managed to settle the dispute with success through out-of-court negotiations.

Commercial Law

International machine supply contract

Richard recently advised a domestic paper manufacturer on an international machine supply contract, involving negotiations with manufacturers and suppliers from various European countries. Due to this supply the client could consolidate its market-leader position.

Arbitration in Construction Matter 

FIDIC contract dispute, bank guarantee drawdown

Successful legal representation of a real estate investor in front of the Hungarian Court of Arbitration against the contractor building a warehouse, after drawing down bank guarantee due to lack of conformity.

Publications

Hungarian Chapter of Volume XLIV (2019) of the ICCA Yearbook – Part V – Court decisions on the New York Convention 1958.

 

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