In The Spotlight
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Dentons has worked on the most deals reported on the CEE Legal Matters website this year: a remarkable 44 as of May 24, 2022. CMS is in second place with 33 deals reported on the website, with Clifford Chance (31), Sorainen (29), and Allen & Overy (25) rounding out the top five.
PwC's Romanian affiliate D&B David and Baias has advised the shareholders of Thagora Technology on the sale of their company to the Lear Corporation. Mitel & Partners advised Lear.
Cvjeticanin & Partners has advised the Korea Trade-Investment Promotion Agency on its implementation of Serbian labor law regarding collective and individual legal acts.
Dentons has advised the EBRD, PKO Bank Polski, and Bank Pekao on their PLN 763 million financing to Goldbeck Solar and Respect Energy for the construction of a 286-megawatt photovoltaic farm in Poland. Norton Rose Fulbright advised developer Goldbeck Solar.
Glatzova & Co has advised Germany's Handolfo Invest on its acquisition of Czech food supplements manufacturer Algamo. BNT Attorneys in CEE reportedly advised the seller.
Clifford Chance has advised Highlander Partners on the PLN 65 million sale of its portfolio company Rotometal to its current CEO Grzegorz Dolbniak. Sobczynscy i Partnerzy advised Rotometal minority shareholders Joachim Setnik and Barbara Setnik. SMM Legal advised Dolbniak on the management buyout.
BPV Huegel and Vienna-based PwC affiliate Oehner & Partner have advised Voyageurs du Monde on the acquisition of a majority stake in the Eurofun Group. Reportedly, Paris-based Chammas & Marcheteau advised the buyer as well, with Haslinger Nagele and Rabel & Partner reportedly advising the sellers.
SSW Pragmatic Solutions has advised Chinese conglomerate Meide Group on its acquisition of Poland's Odlewnia Zawiercie.
Linklaters has advised Investika Realitni Fond and Bud Holdings on their acquisition of the Tensor Office Park office complex in Gdynia from EuroEast, represented by Greenstone Asset Management.
Baker McKenzie and Integrites have contributed to the completion of the European Commission questionnaire regarding Ukraine's application for European Union membership. Baker McKenzie contributed to the completion of Parts I and II of the questionnaire. Integrites worked pro bono to contribute to the submission of the Ukrainian Government’s response.
Aydemir Consultancy Legal has advised Fillo Lojistik on its collective labor agreement negotiations with Turkey's Nakliyat-Is trade union and their subsequent agreement.
Clifford Chance has advised mBank on the PLN 75 million issuance of two series of green bonds by R.Power. White & Case reportedly advised R.Power.
Deloitte Legal’s Krehic & Partners has advised sellers Tomislav Plesa and Domagoj Makar on the sale of their shares in Heloo to TaskUs. Wolf Theiss, working with Simpson Thacher & Bartlett, advised the buyer.
Former Wilsons Attorney-at-Law Monika Kajankova has joined Dentons' Prague office as a Partner on May 15, 2022.
BPV Huegel has opened a new office in Salzburg. It will be managed by Partner Sonja Durager, Head of the firm's IP/IT/Data Protection practice group.
Queritius has opened for business in Kyiv, with the hire of Sergiy Gryshko as Partner.
Dana Toma has joined Wolf Theiss’ Bucharest office as a Counsel and Coordinator of the Real Estate practice.
CMS Cameron McKenna Nabarro Olswang has appointed Vitaliy Radchenko as the new Managing Partner of its Kyiv office, taking over from Graham Conlon who oversaw the firm's operations in Ukraine for the past five years.
The Orban & Perlaki law firm has announced it partnered with UK-headquartered Gunnercooke, with the Budapest-based firm rebranding to OPL Gunnercooke.
Former Rymarz Zdort Partner Marcin Chylinski has joined the Baker McKenzie Warsaw office as a Partner and Head of the firm's Equity Capital Markets practice as of April 1, 2022.
Former Arzinger Law Office Partner Anna Zorya has joined Rymarz Zdort as Partner. She is joined by former Arzinger Associate Viktoriia Dobrynska.
Former Rymarz Zdort Partner Marcin Iwaniszyn has joined Baker McKenzie’s Warsaw office as a Partner and Head of its Banking & Finance practice.
Former Schoenherr Attorney-at-Law Ozren Kobsa has joined Krehic & Partners in cooperation with Deloitte Legal as Partner and Head of the Banking & Finance team.
Adriana Mierzwa-Bronikowska, Lukasz Jankowski, and Rafal Kluziak have been promoted to Local Partner, as part of DLA Piper’s recent promotion round that also included the recently reported promotion of Agnieszka Lehwark and Bartlomiej Palusiak to Partner (as reported by CEE Legal Matters on May 9, 2022).
Florian Stefan has been promoted to Partner at Vavrovsky Heine Marth attorneys at law.
On March 14, 2022, the Turkish Competition Authority (“Authority”) published its much anticipated E-Commerce Platforms Sector Inquiry Final Report (“Report”). The Report is extensive in scope and it aims to present a snapshot of the market and provide policy recommendations to address the market failures detected by the Authority. In this article, however, the section on the most favored nation (“MFN”) clauses will be focused on and more particularly it will be discussed whether MFN clauses can be employed by digital platforms in the light of findings of the Report. Decisional practice of the Turkish Competition Board (“Board”) will also be under the spotlight to provide further colour.
In 2021, the green financial markets substantially increased according to the Green Finance Report of the Central Bank of Hungary (MNB). Credit institutions launched green lending, and four banks are taking advantage of the MNB's green capital requirement discount for housing. Among green financing products, the green bonds are very popular both at public and corporate level, and green lending has also been launched on the corporate side. In the investment segment, ESG products are already available, but only to a limited extent.
AgiLawyer, May 24, 2022: We are seeking Romanian volunteering lawyers to join our international pro bono legal platform called #UA.SUPPORT.
The global events and current energy crisis have demonstrated once again the imperative of continuous development of the energy sector and its modernization, which is both time-consuming and financially burdensome, but inevitable for the sustainability of the economy and overall society. It has additionally pointed out the real need for the equal or quasi-equal level of development of the electricity, gas and oil sector and increased dynamic development of the renewables energy market and, the imperative of having a firm orientation to diversification and establishment of different routes and different sources of supply. There is a necessity of having a long-term strategic determination to stability and security of supply and national strategic plan to achieve it.
At the initiative of the Ministry of Justice, the Hungarian National Bank and the Hungarian Bar Association, the Government adopted a Government Decree in April 2022 regulating in detail the payment of lawyers' deposits at financial institutions in the event of liquidation and winding-up proceedings. The Government Decree provides that in the event of the winding-up and liquidation of a financial institution, the provisions of the Bankruptcy Act, the Company Registration Act, the Act on Credit Institutions and Financial Undertakings and the Investment Firm Act shall apply with the additions and derogations included in the Government Decree.
Considering the environmental, social, political and economic developments, it is considered as a more profitable and efficient way for companies located abroad to employ foreign nationals in Turkey. If certain conditions are met, it is possible to meet the demands of companies in this direction. Persons who will work in Turkey are required to obtain a "work permit" in accordance with the rules and criteria set by the International Labor Law No. 6735.
Viruses affecting human body have been the hot topic of most conversations for over two years. However, the digital world is not spared from “viruses” which affect other aspects of human lives. Multiple malwares used for cyber-attacks are created to damage, disrupt, hack, or block a device and encrypt or lock data and can cause enormous damage both in the private and public sector.
AgiLawyer, May 23, 2022: In response to the situation in Ukraine, AgiLawyer s.r.o., in cooperation with the Czech law firm Holubová Advokáti, has established #UA.SUPPORT, an international pro bono platform that links Ukrainian refugees requesting legal help with appropriate lawyers.
The Joint Chambers of Civil Court of Cassation's ["Court of Cassation"] decision dated November 12, 2021 and numbered 2020/2 E. 2021/3 K. ["Decision"], put an end to the debate regarding the nature of cooperatives. The Court of Cassation concluded that cooperatives, which include partnerships such as consumption, production, credit, and building cooperatives shall be regarded as commercial entities.
Pursuant to Article 7, paragraph 1, item 12) of the Law on Standardization (Official Gazette of RS no. 36/2009 and 46/2015) (“the Law”), the Institute for Standardization of Serbia (“the Institute”) published on April 12, 2022, the Rules for obtaining approval for the use of the National Mark of Conformity with Serbian standards (“the Rules”).
The Turkish Medicines and Medical Devices Agency ("Agency") published the Guideline on License Application for Homeopathic Medicinal Products (“Guideline on Licensing”) and the Guideline on the Packaging, Homeopathic Medicinal Product Information, Legibility and Tracking of Homeopathic Medicinal Products (“Guideline on Packaging”) on March 15, 2022. Both Guidelines are based on Homeopathic Medicinal Products Licensing Regulation (“Regulation”). Within the scope of the Guidelines, the Agency has started accepting license applications for homeopathic medicinal products through the website www.ebs.titck.gov.tr, as of April 1, 2022.
In January 2022, the new Regulation (EU) 2021/2282 of the European Parliament and the Council of the European Union of 15 December 2021 on health technology assessment (the "HTA Regulation") entered into force on the territory of the European Union. The HTA Regulation aims to harmonize (but not to fully centralize) the currently fragmented procedure for assessing the health technologies of innovative medical therapies entering the European Union market in different European countries. The HTA Regulation shall begin to apply in stages from 12 January 2025 and the European Commission has already approved an implementation plan until that date, which includes mainly the establishment of the information resources needed for its operation, the creation of new supranational bodies to participate in the application of the Regulation and training of the competent national authorities.
Inflation, currency depreciation, and low foreign currency reserves might lead to early elections in Turkey, but Turunc Partner Kerem Turunc chooses to focus on the positives: the buzz around the startup scene in the country.
As reported by CEE Legal Matters on May 24, 2022, CMS Cameron McKenna Nabarro Olswang announced that the firm has appointed Vitaliy Radchenko as a new Managing Partner in Kyiv, replacing Graham Conlon who held the role for five years. CEELM sat down with Radchenko and CMS CMNO CEE Managing Director Dora Petranyi to discuss the appointment and the firm's outlook for the future of the Kyiv office.
Interview with Pascale Rahman, Vice President & General Counsel EMEA and India at Flex about her background and best practices.
On January 18, 2022, CEE Legal Matters reported that Tsvetkova Bebov & Partners had advised Dronamics Capital on its IPO and listing on the Beam market of the Bulgarian Stock Exchange. CEE In-House Matters spoke with Svilen Rangelov, Co-Founder and CEO at Dronamics Capital to learn more about the matter.