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CMS has advised long-standing client OTP Group on its acquisition of Societe Generale’s Croatian bank, Splitska Banka, and its leasing and insurance subsidiaries. Jones Day Paris and Schoenherr Zagreb advised Societe General on the transaction.

Sayenko Kharenko’s international trade team has represented PJSC SIC “Borshchagivskiy Chemical-Pharmaceutical Plant” before the Ministry of Economic Development and Trade of Ukraine on its successful application to have the special sanctions applied by the State Fiscal Service of Ukraine terminated.

Squire Patton Boggs has advised CEE consumer-focused private equity firm Resource Partners on its acquisition of a 70% stake in Polish cosmetics company Torf Corporation. Weil Gotshal & Manges advised selling Torf CEO Wojciech Piasecki and Director General Ryszard Guminski on the deal, which remains subject to standard regulatory approvals.

Vasil Kisil & Partners has successfully represented Ukraine's Intertrans LLC in a dispute with the National Bank of Ukraine and Department of the State Enforcement Service of Ukraine that reached the Supreme Court of Ukraine for a second time in a year.

CMS Poland has advised the Brusikiewicz family on the sale of a 60% share in the Thai Wok restaurant chain, which has outlets in Warsaw, Poznan, Lodz, and Lublin, to the EBS group. The KI Komosa Imielowski firm advised the buyers on the deal.

JSK has advised APS Holding a.s on its January 10 agreement with the Hellenic Bank Public Company Ltd for the management of real estate assets and for the servicing of the non-performing loans of the Bank. Antoniou McCollum & Co advised APS on Cyprus law matters. Clifford Chance advised the Hellenic Bank, with George Z. Georgiou & Associates advising it on employment law matters and Antis Triantafyllides and Sons on Cyprus Law matters.

Eversheds has announced that Lena-Sophie Kaltenegger has been promoted to Partner in the firm's Vienna office.

Liniya Prava has signed a cooperation agreement with The Indian Lawyer, an Indian consulting firm, to provide joint legal support of investment projects in Russia and India.

Karanovic & Nikolic has announced that Milan Lazic, Marjan Poljak, and Darko Jovanovic have been promoted to Senior Partner at the firm.

Ukraine's Antika Law Firm is announcing the promotion of Counsel Sergii Korniienko and Senior Associate Maxim Korchagin to the firm's partnership.

The CMS and Ruzicka Csekes law firms, which have been operating in association in Slovakia, have announced that they will terminate that arrangement as of May 31, 2017. CMS, the sixth largest global law firm, will then establish its own fully integrated office in Bratislava, using a newly created Slovak team.

Former Wolf Theiss Prague Managing Partner Tomas Rychly has been formally appointed to the Supreme Administrative Court of the Czech Republic and will take his place on the bench on February 1, 2017.

“Regulation Amending the Regulation on Shopping Malls” (“Amendment Regulation”) has been published in the Official Gazette dated 30.12.2016 and numbered 29934 and entered into force as of its publication date.

In recent years, President Obama has ordered significant changes to the longstanding U.S. sanctions on Cuba and Iran as well as imposed new sanctions on Russia. President-elect Trump has been generally critical of the Obama administration’s relaxation of U.S. sanctions on Cuba and Iran, and his views on Russia appear more favorable than those of the outgoing administration.

Advertising in the Federation of Bosnia & Hercegovina is regulated through a series of laws and regulations (example: Law on Consumer Protection of BiH, Law on Media, Law on Medical Products etc.), but with the new Law on Prohibited Advertising (Official Gazette of FBiH 101 / 16, the "Law"), which entered into force on 31.12.2016, the control of illegal advertising is regulated, with regards to the relations between merchants, which in the Law on Consumer Protection of BiH remained open.

The “Law on Movable Pledge for Commercial Transactions” (“Law”) numbered 6750 was published in the Official Gazette dated 28 October 2016 and numbered 29871 and will be in effect as of 01 January 2017.

According to the Stabilization and Association Agreement between the EU and the Republic of Serbia1 (hereinafter:”SAA”), Serbia has an obligation to address the issue of the acquisition of the real estate property in Serbia by foreign citizens and to enable such practice by no later than the fourth quarter of 2017.

On January 11, 2017, the Central Bank of the Republic of Turkey (the “Central Bank“) has reduced banks’ foreign exchange liabilities related reserve requirements by 50 basis points to provide extra liquidity to the market. The changes take effect starting from December 30, 2016.

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Despite beginning the conversation by asserting that “there are not many new things to report in Bulgaria in terms of legislative amendments or legal market changes," in fact Borislav Boyanov, the Managing Partner of Boyanov & Co., is fairly optimistic, pointing out that the Bulgarian economy is “relatively ok, reporting 3.4% growth in 2016, which for Europe is very good.”

Czech lawyer Ivan Nechvatal has spent the past five years at CEZ, becoming a Corporate Governance Advisor - Turkey in July of this year. Based in Istanbul, Nechvatal participated in the 2016 General Counsel Summit in the city and was kind enough to share his thoughts on working in the Queen of Cities.

Based in Ankara, Bora Kaya is the Managing Legal Counsel at Gama Power Systems Engineering and Contracting, a company that he first joined in March 2015. Prior to that he was the Head of Legal at Ronesans Holding from October 2012 to December 2014. Earlier still, he worked for Eregli Iron and Steel Works Co. as the Assistant to the Head of Legal Department.

On October 28, 2016, CEELM reported that P3, a leading pan-European owner, developer and manager of logistics properties, had announced that it had completed a EUR 1.4 billion long-term refinancing, arranged with a group of leading international financial institutions. We invited Katie Schoultz, the Group General Counsel at P3, to share her thoughts on the deal.