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Latest News By Practice

Motieka & Audzevicius has advised Linas Agro Group on its acquisition of Agro Logistic Service from Kauno Grudai. Cobalt advised Kauno Grudai on the deal.

Popovici, Nitu, Stoica & Associates has advised Ameropa Grains on its acquisition of the Mirosi/Caldararu agricultural base, including warehouses, silos, dwellings, and offices, from Net Farming, part of Agricover Group.

On 14 December 2021 certain acts of agricultural subject were amended by the Hungarian Parliament, affecting inter alia the Act on Protection, Management of Wildlife and Hunting, the Forest Act, the Act on Transactions in Agricultural and Forestry Land (Land Transactions Act) and the Act on the Termination of the Undivided Joint Ownership on lands.

Many economies, particularly those in the European Union [“EU”], are now centered on the environment-oriented and sustainable economy model known as "Green Transformation," which aims to mitigate the negative environmental consequences of human-induced parameters on the ecosystem. Turkey, also, had signaled that it would not stay out of this shift by ratifying the Paris Climate Agreement in October 2021.

The government of the Czech Republic has approved a new decree concerning investment incentives. The new rules should bring significant changes not only for large investors, but also for small and medium-sized technology companies, which will now also be able to access direct financial support. The new rules will take effect as of 1 January 2022.

While inheritance is considered an extension and an aspect of the property right, a person may be deprived of this right due to their own consent or in some cases, unlawful actions. These possibilities are regulated by Turkish law under the titles of disinheritance, successional indignity, renunciation of inheritance, and the right to disclaim.

Clifford Chance has advised facility agent, security agent, account bank, mandated lead arranger, original lender, and hedge counterparty Santander Bank Polska, mandated lead arranger and original lender CaixaBank Oddzial w Polsce and hedge counterparty CaixaBank S.A on the PLN 152 million facilities agreement for the financing of a portfolio of wind farms belonging to Elawan Energy. Allen & Overy reportedly advised Elawan on the deal.

Paksoy has advised Global Founders Capital on leading a USD 2 million seed funding round for Norma. The Arikan Law Firm reportedly advised Norma on the deal.

The Milosevic Law Firm has successfully represented Alumina before the Higher Commercial Court in Banja Luka in a property-related dispute with Pavgord and Ukio Bank.

Allen & Overy has advised Raiffeisenbank on the opt-in of its outstanding English law governed mortgage covered bonds into the new regulatory framework in the Czech Republic, stipulating rules as to the governance of cover pools, and on the consequent issuance of EUR 500 million mortgage covered bonds listed on the Luxembourg Stock Exchange.

Many economies, particularly those in the European Union [“EU”], are now centered on the environment-oriented and sustainable economy model known as "Green Transformation," which aims to mitigate the negative environmental consequences of human-induced parameters on the ecosystem. Turkey, also, had signaled that it would not stay out of this shift by ratifying the Paris Climate Agreement in October 2021.

Schoenherr has advised the managers of the EUR 750 million 0.01 %. mortgage bond security issuance due 2028 and EUR 750 million 0.50 %. mortgage bond security due 2037 by Erste Group Bank AG. Wolf Theiss advised Erste Group on the deal.

Competition and M&A lawyer Roxana Ionescu and Banking & Finance specialist Cosmin Tilea have been promoted to Partner at RTPR.

Former Senior Associates Maja Subic and Katarina Mervic have been promoted to Partner at Senica & Partners, Andersen Global's Slovenian member.

Dentons and BASEAK have assisted Volkswagen in obtaining antitrust and merger control clearances for a joint venture with Italian energy supplier Enel X. 

KPMG's Turkish affiliated law firm KP Law has appointed five new Associate Partners. Ozge Tuncel, Ekin Kotan, Secil Kisakurek, Isil Doganay, and Ece Kocabas have all joined the partnership, as of January 1, 2022.

A cola drink bought in the Czech Republic should be the same as one bought in Germany, right? Well from May 2021, this is required by an amendment to the Food Act which has codified a ban on dual quality food into the Czech legal system.

Andrius Digrys has joined BLRT Grupp AS as its General Counsel in Estonia.

DLA Piper has advised Taxiaggregator and its founder on the sale of the company to Qiwi. Squire Patton Boggs reportedly advised Qiwi on the deal.

Noerr has advised the Normeston Group on the sale of 79 Lukoil-branded service stations in Hungary to MOL, the country's largest oil and gas company. CMS advised MOL on the acquisition.

Former Senior Associate Nadezhda Minina has been promoted to Partner in Nektorov, Saveliev & Partners' corporate practice.

Noerr has advised the Normeston Group on the sale of 79 Lukoil-branded service stations in Hungary to MOL, the country's largest oil and gas company. CMS advised MOL on the acquisition.

CMS has advised Fundusz Inwestycji Infrastrukturalnych – Kapitalowy FIZAN on the sale of shares in Nowe Jaworzno Grupa Tauron to Tauron Polska Energia S.A for more than PLN 1 billion.

On 31 December 2021, Government Emergency Ordinance no. 143/2021 for the amendment of Law no. 123/2012 on electricity and natural gas, as well as for the amendment of other regulatory acts (“GEO 143/2021”) was published in Official Gazette of Romania no. 1259 and entered into force on the same date.

Last month, Freedom House published its annual report on freedom on the Internet (the “Report”), where Serbia got 71 out of 100 points, thus taking the 15th place among 70 countries where the said research had been conducted.

Although from 1 November, the government regulation allows companies and businesses to make it obligatory for their employees to be vaccinated against the coronavirus, the questions about immunity still shall be avoided at a job interview. In addition, it will not necessarily be justified to obligate teleworkers to take up the vaccine.

Inga Kostogriz-Vaitkiene, Partner at CEE Attorneys in Lithuania, reports that her country’s economy is doing quite well at the moment and that additional regulation ensures the public procurement system will become greener. She also notes that there are two controversial laws in the pipeline related to cannabis use and LGBTQ+ rights.

Voicu & Filipescu has promoted former Managing Associate Simona Merdariu to Partner.

Former Senior Associates Maja Subic and Katarina Mervic have been promoted to Partner at Senica & Partners, Andersen Global's Slovenian member.

Yan Voinikanis-Myrskyi has joined Eterna Law as Partner and will head criminal law and public procurement practices.

Boyanov & Co, working with BDK Advokati, has advised the Eurobank Group on the restructuring of the financing to two hotels. K. Argyridou and Associates reportedly advised Eurobank as well.

Nebojsa Vitez and Luka Porobija have been promoted to Equity Partners at Porobija & Spoljaric as of January 1, 2022.

Daniel Alexie and Anca Baitan have been promoted to Partner at MPR Partners, "giving a new impetus to its corporate, financial services, dispute resolution, as well as IT teams."

Government Decree 598/2021 (the Decree) has allowed employers to order their employees to be vaccinated against covid-19 since 15 November 2021. Since it came into force, the Decree has been the subject of much discussion and interpretation by legal practitioners and commentators.

Triniti Jurex’ Giedre Ciuladiene and Arturas Vaisvila have become Partners, while Raminta Vilcinskaite and Olga Siomina have been promoted to Associate Partners with the firm.

Former Attorney-at-Law Peter Weidinger has been promoted to Partner at Act Ban & Karika Attorneys at Law, starting from January 1, 2022.

Pohla & Hallmagi, working with Osborne Clarke, has advised GeneCode on a EUR 2 million R&D grant from Enterprise Estonia for the acceleration of its GDNF Mimetics program.

Rymarz Zdort has advised HigoSense on its EUR 5 million Series A funding round led by Cogito Capital Partners with the participation of existing early-stage investors. Dubinski Jelenski Masiarz and Partners reportedly advised Cogito Capital Partners.

DLA Piper has advised Breffi on a RUB 750 million investment from Elbrus Capital. O2 Consulting reportedly advised Elbrus Capital on the deal.

Ellex, working with Jankovic Popovic Mitic, has successfully represented the interests of Alita before the Court of Appeals of Lithuania.

The Milosevic Law Firm has successfully represented Alumina before the Higher Commercial Court in Banja Luka in a property-related dispute with Pavgord and Ukio Bank.

Sayenko Kharenko, working with the Italian office of Bird & Bird, has successfully represented Sistema Prosecco before the Supreme Court of Ukraine in an unfair competition case over a Ukrainian wine producer using the Prosecco brand for its wines.

Egemenoglu has advised Derindere Turizm Otomotiv on the second round of consolidated and syndicated loan restructuring for its EUR 350 million debt. Cetinkaya Taktak Semiz Baltali Yorukoglu reportedly advised the banking consortium.

Wiercinski Kwiecinski Baehr has advised Poczta Polska on obtaining the European Commission’s approval for PLN 215 million in state aid.

Noerr has advised industrial real estate company Panattoni on its acquisition of real estate plots in Hungary.

Vasil Kisil & Partners has advised OCEA on contracting the Nibulon Shipbuilding and Repair Yard for the construction of five OCEA FPB 98 MKI fast patrol boats.

Andrius Digrys has joined BLRT Grupp AS as its General Counsel in Estonia.

KPMG Legal Toncescu si Asociatii has advised the Affinity Shipping Group on its acquisition of Seaway International.

Paksoy has advised Global Founders Capital on leading a USD 2 million seed funding round for Norma. The Arikan Law Firm reportedly advised Norma on the deal.

Ellex has advised Japanese venture capital fund Mistletoe on its investment in Lithuanian startup Bee Loop. Aliant Tarvainyte Vilys reportedly advised Bee Loop on the deal.

MFW Fialek has advised Music & More on the sale of a minority stake in the company to an undisclosed Luxembourg-based fund.

Sorainen has advised Estonian healthcare professionals service provider Synbase on a pro bono basis on data protection matters and has helped it launch a web portal offering access to medical databases.

Sorainen has provided pro bono legal advice for Estonian health technology startup Antegenes on the possibilities of expanding to other countries.

Sorainen has provided pro bono legal assistance to Triumf Health on the license agreement with local governments in Estonia.

Lakatos, Koves & Partners and BDK Advokati advised Indotek on its acquisition of 11 office buildings and five business parks in Belgrade from GTC for EUR 267.6 million. Dentons and Zavisin Semiz i Partneri advised GTC on the deal.

White & Case has advised GLP on leasing a facility in the Lodz East logistics park to Castorama. Wardynski & Partners advised Castorama.

Clifford Chance has advised Generali Real Estate on the acquisition of two office buildings in Prague from CPI Property Group. Rybar, Soppe & Partners reportedly advised CPI on the deal.

Leaua Damcali Deaconu Paunescu, working with Geneva-based Lalive, has successfully represented Romania in international arbitration proceedings against claims amounting to RON 9 billion.

Lydia Sofrona has become a Partner at Koutalidis, in the firm's Tax Law practice.

Senior Associate Marta Cera was appointed Co-Head of Ellex's Finance and Tax practice group in Latvia, alongside Associate Partner Valters Diure.

DLA Piper has advised Taxiaggregator and its founder on the sale of the company to Qiwi. Squire Patton Boggs reportedly advised Qiwi on the deal.

Grecu & Asociatii has advised Romania-Insider.com on Marius Istrate's investment in the media company. 

MFW Fialek has advised Music & More on the sale of a minority stake in the company to an undisclosed Luxembourg-based fund.

Former Senior Associates Maja Subic and Katarina Mervic have been promoted to Partner at Senica & Partners, Andersen Global's Slovenian member.

Yan Voinikanis-Myrskyi has joined Eterna Law as Partner and will head criminal law and public procurement practices.

So far, 2021 has seen less activity in terms of enforcement actions under the Foreign Corrupt Practices Act ("FCPA"), compared to 2020. In 2021, the United States Department of Justice ("DOJ") took a total of 19 enforcement actions, and the Securities and Exchange Commission ("SEC") took a total of 4 enforcement actions. Therefore we observe that the DOJ has been a lot more active than the SEC in terms of the number of enforcement actions this year.