Eversheds International has won a €10bn (£9.3bn) mandate advising on Hungarian aspects of the high-profile South Stream pipeline project that is set to bring gas from the Caspian Sea region to Europe.

Sandor Szegedi Szent-Ivany Komaromi Eversheds, the Hungarian member of Eversheds International, was appointed to advise the Hungarian Development Bank on negotiations with Russia’s state-controlled gas supplier Gazprom to set up a joint venture to build the Hungarian leg of the pipeline.