In The Spotlight
Kocian Solc Balastik has advised J&T Zemedelstvi a Ekologie on its acquisition of the Poline agribusiness.
Filip & Company has advised Bucharest Stock Exchange-listed One United Properties on its share capital increase.
Cvjeticanin & Partners has advised Lenovo on the implementation of GDPR rules for its OhrabreNA educational program in Serbia.
Kinstellar and its Turkish affiliate Gen Temizer Ozer have advised Baskent Dogalgaz Dagitim and Torunlar Enerji on their acquisition of CEZ Group's 50% stake in Akcez Enerji. Skils and, reportedly, Norton Rose Fulbright Turkish affiliate Pekin Bayar Mizrahi advised the CEZ Group on the sale.
Deloitte Legal has advised ZPUE and its main shareholder Koronea on the tender offer for 100% of ZPUE's shares, with mBank as the broker.
PwC Legal has advised VDV Packaging on its acquisition of Unipap. KPMG reportedly advised the sellers.
Wardynski & Partners has advised Bio-Rad Laboratories on its acquisition of Curiosity Diagnostics from Scope Fluidics for a total consideration of up to USD 170 million in upfront and future milestone payments. Deloitte Legal advised Scope Fluidics on the sale.
Karanovic & Partners, working with McDermott Will & Emery, has advised Hidden Harbor Capital Partners on its acquisition of Dayco.
Sorainen has advised Estonian health technology company Antegenes on raising EUR 2.3 million in funding.
The Lambadarios law firm has advised Hellenic Petroleum on its EUR 90 million acquisition of a 55.2-megawatt portfolio of operating wind farms in Mani from the Copelouzos Group and International Constructional. Norton Rose Fulbright reportedly advised the sellers.
Havel & Partners has advised IF Invest East on the acquisition of the Ostrava Airport Multimodal Park from Concens Investments. Rowan Legal and, reportedly, Svoboda & Koubkova advised the sellers.
Radu Taracila Padurari Retevoescu has advised Aqua Carpatica founder Jean Valvis on the strategic agreement between the company and PepsiCo.
Pavel Dejl has been appointed to Managing Partner at Kocian Solc Balastik as of August 1, 2022, taking over from Petr Kasik.
Pawel Cholewinski has been appointed as the Partner in charge of Kochanski & Partners’ Transactional Practices group.
Attorney Kirill Lezeiko has taken over as Head of Banking and Finance at PwC Legal Estonia from Co-Founder Viljar Kahari, effective August 1.
Former Partner and Co-Head of the Real Estate and Construction practice Ksenija Golubovic Filipovic has left Zivkovic Samardzic, as of August 1, 2022, to establish her own practice. She will continue to cooperate with the firm as a Consultant. Partner Uros Djordjevic will continue to lead the firm’s Real Estate and Construction practice.
Lithuania's SPC Legal and Wint have joined forces to form a new law firm: Noor.
Former Counsel Vitaliy Odzhykovskyy has been promoted to Partner with Sayenko Kharenko.
Hugh Owen was appointed to the role of Head of Legal at PwC Central and Eastern Europe.
EY Romania affiliated law firm Bancila Diaconu si Asociatii Managing Partner Radu Diaconu has become a Partner with EY Romania, within the Tax and Legal consultancy department.
Head of Norton Rose Fulbright has appointed Partner Yianni Cheilas as the new Greek offices head from August 1, 2022. He takes over from Partner Dimitri Sofianopoulos, who will now continue with Norton Rose Fulbright as a Senior Consultant.
The Slovak Republic has transposed regulations to prevent money laundering and terrorist financing. These regulations are mainly stated in the AML Act.
Hungary has ended the state monopoly on the online sports betting market and this now makes way for the market entry of operators incorporated in the European Economic Area (EEA) ("EEA Operators").
With the Banking Regulatory and Supervisory Authority’s [the “BRSA”] decision numbered 10250 and dated 24 June 2022 [the “Restriction Decision”], TRL borrowing by Companies [“Companies”], other than banks and financial institutions, which are subject to independent audit has become subject to a foreign currency asset [“FX-Asset”] restriction was introduced.
On August 4, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette.
The two main forms of non-governmental organizations that may be established in Romania are the associations and foundations. While an association may be incorporated by at least three domestic/foreign individuals/entities as founding members, a foundation may be incorporated by at least one domestic/foreign individual/entity as founding member(s). Associations are set up in order to carry out activities for the general interest, for the interest of a community or for the non-profit interests of its members and the law does not impose a minimum initial patrimony.
The long-awaited legal framework defining entrance and residence permits for digital nomads – Law on amendments to the Law on Foreigners (“Law”) has been adopted in the Parliament of Montenegro and it shall enter into force on 11 August 2022.
New FDI legislation entered into force on 1 May 2021. It introduced a mandatory, suspensory, pre-closing notification obligation for acquisitions of "effective control" over companies active in the Czech Republic in industries deemed capable of threatening the security of the Czech Republic and internal or public order by parties resident outside the European Union, or whose ultimate controlling parent is resident outside the European Union.
Only a few years ago, Europe faced a major upheaval to the international economy with Brexit, i.e. the exit of the United Kingdom from the European Union. This event, like the war in Ukraine or the COVID-19 pandemic, has had significant consequences for the global economy, affecting the quality of our daily lives.
Entrepreneurship in Romania.
Against the background of energy transition and of the states’ need to ensure their energy security in the current geopolitical context, offshore renewable energy technologies have gained increased attention. Today, they have been included in renewable energy policies both in the European Union ("EU") and in the EU Member States, whether we are talking about wave energy, tidal energy, energy produced by floating photovoltaic panels, floating wind turbines and wind turbines attached to the seabed.
Several legislative updates will support the legal profession in Bulgaria, according to Gugushev & Partners Partner Dafinka Stoycheva, with the push toward green energy, (another) pending government change, and a landmark CJEU decision also at the top of the agenda for lawyers in the country.
Interview with Pascale Rahman, Vice President & General Counsel EMEA and India at Flex about her background and best practices.
On March 1, 2022, CEE Legal Matters reported that KWKR Konieczny Wierzbicki had advised Knacks's owners on their sale of a majority stake in the company to RightBridge Ventures. CEE In-House Matters spoke with Dawid Szymanski, CEO at Knacks, to learn more about the sale.