People

Dr. István Gárdos

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gardos.istvan@gfmt.hu

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His primary practice areas are banking and securities law.

The notion of money
Legal status of branch offices
Mistaken payments in insolvency
Structured finance and securitisation in Hungary
Factoring and financial lease in insolvency I.
Commentary to the Civil Code (in Hungarian)
Prescription of obligations arising from loan agreements
Liability of managers in the new Hungarian Civil Code

Foreign currency denominated loans
Maturity and prescription in case of surety
Proposal for the new Civil Code (in Hungarian)
New central bank law comes into effect
Practical issues relating to suretyship
Actual issues relating to suretyship
Will government's home protection plan rescue borrowers?
New rules on consumer credit agreements: greater protection for consumers
Structured Finance and Securitisation 2010
Leading Banks Sign Retail Lending Code
Act Restricts Unilateral Amendments by Banks
Fiduciary securities - dilemmas for the legislator and the judiciary
IMF, European Union and World Bank Support Credit Crisis Relief Measures
Fiduciary securities in the new Civil Code (in Hungarian)
What hinders the success of non-possessory charge? (in Hungarian)
The institutional background of non-possessory charge on movables and the recodification of civil law (in Hungarian)
The lien – 2
About non-accessory charge from the legislator's point of view (in Hungarian)
Creation of charge in the system of in rem rights (in Hungarian)
The Interpretation of the Constitutional Court Regarding the Rules of the Right of Pledge in Bankruptcy Law (in Hungarian)
Beneficial Ownership of the Right of Company Membership (in Hungarian)
Potential Changes in the Bankruptcy Rules III. (in Hungarian)
Potential Changes in the Bankruptcy Rules II. (in Hungarian)
Potential Changes in the Bankruptcy Rules I. (in Hungarian)
Court Rules on Share Option Provisions in Articles of Association
Indirect Approaches to a Squeeze-Out
Service Agreements Contracted by Remote Sales in the Financial Sector (in Hungarian)
Supreme Court Rules on Transfer of Limited Liability Company Quotas
About fiduciary securities again (in Hungarian)
Janus-faced charge law, with a special focus on non-possessory charge on movables (in Hungarian)
Changes of the Bankruptcy Act II. (in Hungarian)
Changes of the Bankruptcy Act I. (in Hungarian)
Changes in the Civil Code - New Warranty and Guarantee Rules (in Hungarian)
Rule Changes Regarding Late Interest (in Hungarian)
Assignment and option as security (in Hungarian)
Revision of the rules on charge in the course of the recodification of civil law (in Hungarian)
Changing Rules of the Security Deposit in the Civil Code (in Hungarian)
Legislation of the European Union III. - Secondary Legislation (in Hungarian)
Legislation of the European Union II. - Primary Legislation (in Hungarian)
Legislation of the European Union I. – Legal bases of the European Union (in Hungarian)
Rules of the New Public Procurement Act II. (in Hungarian)
Rules of the New Public Procurement Act I. (in Hungarian)
Is there place for fiduciary securities under Hungarian law? (in Hungarian)
The Electronic Communications Act in the light of the 2002/58/EC Directive II. (in Hungarian)
The Electronic Communications Act in the light of the 2002/58/EC Directive I. (in Hungarian)
Question Marks of Mortgage (in Hungarian)
Handbook of the Law of Securities (in Hungarian)
Határidők a Gt.-ben


The Metro litigation and the legal personality of the state (in Hungarian)
Non-possessory charge on movables and enterprise charge after the reform of the Civil Code (in Hungarian)
Actual issues of mortgages (in Hungarian)
Applicable Penalties in Case of Non-compliance with Registration Rules
Proposals for the amendment of the charge provision of the Civil Code (in Hungarian)
Transfer of ownership by way of security (in Hungarian)
New Hungarian legislation on security interests: an improvement in the Hungarian secured lending environment

"has earned a solid client base and deserves his high reputation, say admiring interviewees"
(Chambers Europe 2009)
"highly regarded by clients and peers for his strong work in this sphere"
(Chambers Europe 2009)
"the most renowned personality at this outfit, and regarded as a banking and finance expert"
(Chambers Global 2007)
"does very well at representing the other side"
(Chambers Global 2007)
"knowledgeable, precise and reliable"
(Chambers Global 2007)
"respected for both his academic work and good quality practice, and has established himself as a leader in the domestic market"
(Chambers Europe 2009)
"highly recommended individual"
(Practical Law Company, Banking and finance, 2007, 2008, 2009)
"earns plaudits for both his advisory work and his extensive academic track record"
(Chambers Europe 2011)
"He is extremely experienced, has a very good name, good clients and a strong background"
(Chambers Europe 2011)
"an extremely bright lawyer"
Chambers Global 2016
"good at regulatory issues, thanks to his experience of banking law theory and related operational rules"
Chambers Global 2016
"greatly experienced figure esteemed for his wide-ranging knowledge of banking-related disputes"
Chambers Europe 2013
"widely recognised and excellent lawyer"
Chambers Europe 2013
"commands respect for his extensive experience and deep knowledge of financing matters"
Chambers Europe 2013
"I can't recommend him highly enough"
Chambers Europe 2013
István Gárdos is praised across the market for his "very thorough and in-depth knowledge of the law." He is highlighted for his academic and theoretical approach to banking and finance law.
Chambers Europe 2016
"excellent lawyer"
Chambers Europe 2014
"very strong individual with very good knowledge"
Chambers Europe 2014
"an important name in the banking and finance sector"
Chambers Europe 2014
"very well-respected"
Chambers Europe 2014
"fantastic and very experienced arbitrator"
Chambers Europe 2014
"advocate with in-depth knowledge and wide understanding of the practicalities and the theory of law. Financial regulations are his absolute expertise, and he is probably one of the leaders of the field in the country."
Chambers Global 2015
"great mind"
Chambers Global 2015
"advocate with in-depth knowledge and wide understanding of the practicalities and the theory of law"
Chambers Europe 2016
"Financial regulations are his absolute expertise, and he is probably one of the leaders of the field in the country."
Chambers Europe 2016
"He is a very intellectual lawyer - great to consult with."
Chambers Global 2016

István Gárdos received his law degree at the Faculty of Law and Political Sciences of Eötvös Loránd University in 1979.

He started his career as internal counsel at the Hungarian central bank, the National Bank of Hungary. There, he was involved in the restructuring of the Hungarian banking system which led to the termination of the monopoly of the central bank in providing banking services to businesses. In 1986 he moved to Hungarian Credit Bank as the senior legal counsel as the managing partner of the Financial Business Law Association. In 1992, he was one of the founding partners of Gárdos, Füredi, Mosonyi, Tomori Law Office.

His primary practice areas are banking and securities law. He advises banking clients in transactional and operational matters and participates in state financed or organized project, e.g. he participated in a PHARE supported government project to create an integrated network from the Hungarian saving co-operatives, in another PHARE project to develop financial legislation and supervision, and participated as a Hungarian correspondent in the Secured Transactions project of the European Bank for Reconstruction and Development. He has significant litigation practice with a special focus on litigation relating to banking activities.

He is member of the Budapest Bar Association and the Association of Hungarian Lawyers.

He is an external member of the final examination board in civil law at the Eötvös Loránd University. In addition, he regularly publishes articles on banking and securities.

He was a member of the Legislation Committee of the Hungarian Government on the new Banking Act (1995-1996), on the creation of a new Securities Act (2000), and, in relation to banking and secured transactions, on the creation of a new Civil Code (2005-2007).

He is fluent in English.

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