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Clifford Chance has advised DaVita on the acquisition of Centrum Dializa II, which runs 47 dialysis centers and nephrological wards across Poland, from Jacek Nawakowski. The Witkowski Hayder firm advised Centrum Dializa II and Nawakowski on the deal. Financial terms were not disclosed.

Ellex Raidla has advised Ramboll Finland Oy on divestment of its shareholding in Ramboll Environment OU to Eurofins Scientific, made as part of a global transaction between the two companies involving the sale of Ramboll Finland's food and environment testing business.  

Sorainen's Vilnius office has advised design and publishing company Kopa on the implementation of a new construction project in Lithuania's Kaunas free economic zone. 

NNDKP has represented a joint venture created by FCC Construccion SA, Astaldi SPA, and Contratas Y Ventas S.A. in litigation involving an award of a public procurement contract by Compania Nationala de Cai Ferate SA (CFR) entitled “Rehabilitation of the Frontiera – Curtici – Simeria Railway, part of the IVth Pan – European Corridor, for the circulation of trains with a maximum speed of 160 km/h, Section 3: Gurasada-Simeria.”

SPC Legal has assisted AB Panevezio Stiklas, a Baltic producer of glass products and processors, in its obtaining of EUR 7.3 million in financing from the Citadele bank to be "used to purchase a new glass furnace and thus to materially upgrade production activities of the company."

Leroy si Asociatii has advised the French group Lactalis on the squeeze out of the minority shareholders of Albalact.

Clifford Chance has announced the promotion of 24 lawyers to its partnership worldwide, including Warsaw-based Marcin Bartnicki and Wojciech Polz. The promotions will take effect on May 1, 2017.

Thomas Anderl has been made Partner at Wolf Theiss, where he specializes in Construction law in the firm's Real Estate & Construction practice group.

Goltsblat BLP, the Russian practice of Berwin Leighton Paisner, has announced the appointment of Vitaly Dianov as Competition & Antitrust Partner, effective as of May 1, 2017.

Stratulat Albulescu Attorneys at Law is reporting that former Voicu & Filipescu Partner Florin Dutu has joined the firm as a Partner to head its Litigation and Arbitration practices.

Allen & Overy has announced the promotion of Prague-based Corporate lawyer Prokop Verner and Istanbul-based Projects and Energy lawyer Joe Clinton to Partner, both effective as of May 1, 2017.

Kurzynski Kosinski Lyszyk i Wspolnicy has merged with Wierzbicki Adwokaci i Radcowie Prawni in Poland, and the combined law firm will now operate as Kurzynski Kosinski Lyszyk and Wierzbicki.

In 2016, primarily to correct the legislative concept in relation to collateral and to ease the financing activity of Hungarian financial institutions, the Hungarian Parliament adopted a significant amendment package to the new Civil Code. 

Background – The History of the Principle of Self-Regulation in Hungary

“This crisis has the potential to be a lot worse than Lehman Brothers,” opined George Soros, the Hungarian-born American financier and philanthropist about the 2009 crisis, and he was right.

An advantageous economic environment supported a growth in investment volume in 2016, as the residential investment sector and other segments of the property market performed well. Generally, the market has become more balanced in recent years after the recession triggered by the economic crisis, both in terms of segmentation and in supply and demand. 

The European Commission has put a new energy package on the table in order to maintain the European Union’s leading global role in clean energy transitioning.

In the past few years people turned to capital markets instruments because of the low interest rates attainable on savings accounts held by banks.

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“The country is still in recession” says Sergei Makarchuk, Partner at CHSH in Belarus, pointing to an approximately 3% decrease in GDP recorded in Belarus in 2016. Bankruptcy in the corporate sector is on the increase, he reports, with the economic courts’ docket “overflowing” with such cases. The purchasing power in the economy has slowly decreased as a result of lower income and decreased spending power for the middle class.

Laszlo Reti, now mid-way through his third term as President of the Budapest Bar Association, takes pride in the ease with which he’s managed both the Bar and his long career as the Managing Partner of the Reti, Antall and Partners Law Firm in Budapest. Both the Bar Association and his law firm, he says, change with the times. In his words, he’s “swimming with the current.”

Martin Strnad has been the General Counsel of Y Soft – A Czech Software company headquartered in Brno, with offices in ten countries – since March 2016. He was previously an Attorney with Havel, Holasek & Partners and a Managing Associate with PwC Legal. Earlier still, he was a Clerk responsible for drafting bills of law and assisting in the preparation process with the Legislative Office of the Czech Ministry of Interior.

On January 18, 2017, CEELM reported that CBRE Global Investors had sold its significant CEE retail portfolio to the CPI Property Group. On April 12th, we published an interview with the General Counsel at CPI, and now we present the perspective of Roland Bebcak, the Head of Divestments CEE at CBRE Global Investors.