28
Tue, Sep
51 New Articles

Latest News and Briefings

Grid List

Tuca Zbarcea & Asociatii has advised Zacaria Industrial on the sale of its industrial parks’ portfolio to industrial and logistics parks developer CTP. Biris Goran and the Law Chamber advised the buyer on the transaction.

Linklaters has advised Polish logistics developer 7R on the sale of Kowale 7R Park Gdansk II to real estate asset manager Generali Real Estate. Clifford Chance advised the buyer.

Fort has advised real estate development companies Arco Vara, Eften Capital, East Capital Real Estate, Metro Capital, and Hepsor on submitting a complaint to the European Commission regarding the potentially unlawful state aid given to Porto Franco by the Estonian government. 

Brandl Talos, working with Lupp + Partner, has advised German private equity firm Capiton on its acquisition of a majority stake in the Kutterer Mauer Group. 

Kondracki Celej has advised FFVC Poland on a USD 1 million funding round in Warsaw-based e-sports startup GGPredict.

Avellum has advised PJSC MHP on the acquisition of MHP Food UK Limited, formerly known as Braintree Meats Limited.

Act Legal Poland (BSWW legal & tax) has advised investment fund manager Adventum on its EUR 84.42 million acquisition of a 79.55% stake in the Sky Tower office building in Wroclaw from Polish property developer Develia. Dentons advised the seller on the transaction.

Allen & Overy has advised Oesterreichische Kontrollbank on its USD 1.75 billion issuance of 0.5% guaranteed global notes due 2024.

Clifford Chance has advised a consortium of banks consisting of BNP Paribas Bank Polska, Bank Pekao, and mBank on their EUR 140 million financing for Clip Group subsidiary Clip Logistyka. Allen & Overy advised Clip on the deal.

Karanovic & Partners has announced it entered into an agreement with Gypsy Roma Urban Balkan Beats to provide ongoing pro bono legal support on contracts, scholarships, and copyright matters.

SPCG has advised Enterprise Investors' private equity fund on the acquisition of a 36.3% stake in Polish utility container manufacturer Modular System. Gessel advised the seller on the transaction.

TGS Baltic has advised Lithuanian Aid for Business Fund investor UAB Valstybes Investicinis Kapitalas on establishing its EUR 400 million state-guaranteed note program and placing the inaugural EUR 30 million issuance. Luminor bank covered the issuance.

Ognjen Colic has been promoted to Partner at Gecic Law.

Hodaj & Partners has joined the Rivet:Net law firm alliance in the Western Balkans.

Former Senior Associate Aleksandar Popovic has been promoted to Partner with JPM Jankovic Popovic Mitic and will head the firm's newly established Creative Industries practice area.

Petr Soucek has joined Kinstellar's Prague office as a Managing Associate and Head of the local Dispute Resolution practice.

EY Romania affiliated law firm Radu si Asociatii has become Bancila, Diaconu si Asociatii, with two Partners at the helm: Radu Diaconu and Emanuel Bancila.

Former ARC Avukatlik Burosu Managing Partner Cemal Araalan has joined Bezen & Partners as a Partner and Head of Litigation.

Dmitry Kuptsov has been promoted to Partner with Alrud's Dispute Resolution and Restructuring and Insolvency practices.

Przemyslaw Furmaga has joined Crido Legal as Partner and will head the firm’s M&A Practice. Also joining with Furmaga are Senior Associates Aleksandra Czarnecka and Andrzej Dunikowski.

Natalie Hahn will join the Employment practice of Eisenberger + Herzog as a Partner starting October 1, 2021.

Turkish litigation-focused law firm Bozkurt Bozkurt has opened an office in New York. The new office will be headed by the firm’s US resident Partner Gokhan Bozkurt. The firm's Istanbul office will continue to be managed by Partner Mustafa Bozkurt.

Gide’s Warsaw office Head of Capital Markets Robert Dulewicz has left the firm and the legal services sector, the law firm announced.

Mihaela Nyerges has joined Romanian firm Vlasceanu, Ene & Partners as a Partner.

The Curia has made a legal uniformity resolution no. 7/2021 PJE on the enforcement of the rules of contract transfer. The resolution has been trying to put an end to the issues of contract transfer, especially in the case of agricultural leases. The previous legal practice was based on the interpretation that the contract shall be deemed to be a new contract in respect of all rights and obligations transferred.

The recent implementation of the AML V Directive to the Polish Act on Counteracting Money Laundering and Terrorist Financing will have a significant impact on business and the approach taken by state bodies to certain transactions. The main changes are as follows:

With respect to the evaluation of the success of the incorporation of certain provisions of the Hungarian Civil Code in the practice and the regulatory proposals developed by the case law, the amendment of the Civil Code has become necessary, therefore, at the end of June 2021, an act amending the Hungarian Civil Code has been published.

The NFT market is still relatively new and volatile, but its potential is huge. Christie's managed to auction an NFT linked to an artwork for over USD 69 million this March, proving that NFTs are a new asset class that can carry significant value. A value, that needs protection just like any other asset class.

On 2 September 2021 Ireland’s Data Protection Commission (DPC) announced a 225 million euro fine for WhatsApp and ordered the company to amend its practices within three months. It is the largest fine ever from the DPC, and the second-highest under Europe’s General Data Protection Regulation (GDPR).

The European Commission approved the creation of a new synthetic securitisation product under the EU State aid regulation. The new product is in the form of guarantees on synthetic securitisation tranches to help companies affected by the COVID-19 outbreak in the 22 participating Member States (i.e. Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Lithuania, Luxemburg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden). The product is under the European Guarantee Fund and managed by the European Investment Bank Group (EIB Group). The dedicated budget is EUR 1.4 billion, however, it is expected to mobilise at least EUR 13 billion of new lending to companies affected by the COVID-19 outbreak.

Employees may have access to important and confidential information related to the employer, including the company’s operations, clientele and trade secrets. Use of such information without employer’s knowledge may harm the legitimate interests of the employer. In this respect, an employee should not compete with his/her employer according to the duty of fidelity during the term of the employment agreement. As this is a statutory duty imposed on the employee, there is no need for such non-compete obligation to be explicitly set out in the employment agreement.

COVID-19 pandemic has undoubtedly brought significant changes not only to the everyday life of citizens but also to the operations of business entities, i.e. to the way of establishing and conducting the work process.

With the implementation deadline for the EU Directive on the protection of persons who report breaches of Union law (17 December 2021) approaching, here is a summary of the current state of the respective national measures in the Czech Republic and Slovakia and an introduction to our own whistleblowing solution: FairWhistle.

The Austrian Cartel and Competition Law Amendment Act 2021 (KaWeRÄG 2021) will introduce – in part substantial – amendments to the Austrian merger control regime as of 1 January 2022. The amendment originated in the context of the implementation of the ECN+ Directive. However, the Austrian legislator seized the opportunity to, among other things, refine the Austrian merger control regime by introducing a second domestic turnover threshold and implementing the SIEC test, as well as to strengthen the FDI screening mechanism.

Let me start with a provocative statement: it is really easy and safe to do business in Ukraine today. As discussed in the article below, this is not a naive view of a Ukrainian lawyer but pure facts and statistics. Moreover, if you compare Ukraine with its neighbors, the contrast is startling: information transparency of companies coupled with super-fast registration procedures and special regime for IT companies are astonishing.

In response to the ongoing COVID-19 pandemic, on 6 August 2021 the Hungarian Government issued Decree No. 474/2021 on the different application of the Patent Act (Act XXXIII of 1995). According to the decree, patent applications filed after the entry into force of this decree will not be subject to a maintenance fee for the first three years of patent protection. The decree was promulgated on 6 August 2021 and will remain in force until the end of the state of emergency related to COVID-19.

More Stories

Grid List

Being the country with the highest growth rates in the EU, Romania is going strong despite the global pandemic conditions, according to MPR Partners Co-Founder and Co-Managing Partner Alina Popescu.

On June 14, 2021, CEE Legal Matters reported that the former DLA Piper office in Ukraine had merged with Kinstellar. We spoke with Co-Managing Partners Olena Kuchynska, Margarita Karpenko, and Senior Counsel Daniel Bilak – the Management Committee of the combined team – to learn more about the merger and their plans going forward.

On August 19, 2021, CEE Legal Matters reported that Sorainen had advised Montonio on raising EUR 2.5 million from Tera Ventures, as well as ffVC, Superangel, Practica, 365.fintech, Startup Wise Guys, and a number of business angels. CEE In-House Matters spoke with Rasmus Oisma, Director at Montonio Finance, to learn more about the matter.