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Allen & Overy has advised Raiffeisenbank on its EUR 500 million issuance of senior non-preferred sustainable notes under its international debt issuance program. White & Case reportedly advised the managers.

TGS Baltic has advised Vilnius-headquartered renewable energy company Green Genius on its acquisition of a 100-megawatt solar PV project in Latvia.

Turunc has advised Bogazici Ventures on its investment in UP School's first financing round. Bagzibagli Erdem & Sahin advised UP School.

Schoenherr and Norton Rose Fulbright, working with Davis Polk & Wardwell and Ashurst, have advised JP Morgan Chase and other financing parties on the refinancing of Diebold Nixdorf debt and the provision of USD 400 million in new capital. Sullivan & Cromwell and K2Legal Korbonski i Partnerzy reportedly advised the borrower.

BPV Braun Partners, working with Watson Farley & Williams, has advised the Creditas Group on the acquisition of British energy group InterGen. Herbert Smith Freehills reportedly advised the sellers.

Sorainen has advised Tietoevry on its lease agreement with developer Capitalica for office space in the Verde office center in Riga's Skanste district.

Cvjeticanin & Partners has successfully represented Tehnomedia in disputed trademark registration proceedings before Serbia’s Intellectual Property Office.

Schoenherr has advised Metro on its acquisition of a 25% stake in Kosik Holding with a 5% option on top if Kosik expands into other CEE markets in collaboration with Metro. White & Case reportedly advised Kosik.

Triniti has advised Fort Aero on the addition of Piaggio P.180 Avanti II push-prop aircraft to its fleet.

Domanski Zakrzewski Palinka has advised Polregio on the preparation of framework agreements and tender documentation for the supply of 200 trains. 

Paksoy has advised Univar Solutions on its acquisition of Kale Kimya. Egemenoglu advised the sellers.

Harrisons has advised the EBRD on its EUR 12 million unsecured loan to the Autonomous Province of Vojvodina, in Serbia, for the financing of the implementation of energy efficiency measures in around 80 public buildings in 20 municipalities.

Sole practitioner Liviu Bosoanca has joined Baiculescu & Asociatii as an Of Counsel and Head of the firm's Dispute Resolution department.

Following their appointment to Counsel in January 2023, former Senior Associate Inna Kostrytska will lead Integrites' Employment practice while former Senior Associate Kristina Shyposha heads the firm's Business Protection, Compliance, and Anti-Corruption practice.

Bozhko Poryazov has been promoted to a Partner position with Popov Arnaudov & Partners in Sofia.

Former Counsel Gergana Monovska and former Senior Associate Valentin Bojilov have been promoted to Partner at Djingov Gouginski Kyutchukov & Velichkov.

TGS Baltic has announced the appointment of Dalia Augaite, Sandra Bliuvaite-Sulciene, Marius Brasiunas, Martti Peetsalu, and Chirag Mody as Partners, while Tadas Varapnickas, Karolina Lapinskaite, and Triinu Jarviste have been appointed as Associate Partners at the firm.

Former Senior Associate Gokturk Sahin has been promoted to Managing Associate and appointed Head of the Litigation Department at Moral, Kinikoglu, Pamukkale, Kokenek.

Triniti has promoted former Attorney-at-Law Maarja Pild to Associate Partner in Estonia as of January 2023.

Maciej Antoniak, Radoslaw Cebelinski, Tomasz Kaczmarek, and Rafal Wozniak were promoted to International Partners while Wiktoria Rogaska and Marta Wysokinska made Local Partners at DWF.

The Bucharest-based Iulia Berea Law Office and the Budapest-based Chen Law Firm have joined the BLS-CEE network. The two firms' respective Managing Partners – Iulia Berea and Chen Chen – have also joined BLS-CEE as Collaborating Partners.

Sibincic Krizanec has appointed Matic Novak to Senior Partner and Dinar Rahmatullin to Junior Partner. The firm updated its name after the promotion round to Sibincic Krizanec Novak.

Former Telekom Romania Data Protection Officer George Manea has joined KPMG Legal Toncescu si Asociatii as a Senior Managing Associate and Head of the firm’s Life Sciences, Technology & Compliance practice.

Former Schoenherr Ljubljana Co-Managing Partner Eva Skufca has established the eponymous Law Firm Skufca in Slovenia.

The rapid developments in the world of technology put the law into a difficult concept puzzle to follow. While the discussions on smart contracts made with blockchain technology have not yet ended, a new organization that can direct the life of business has taken its place in the international market; Decentralized Autonomous Organization (DAO). This mechanism offers people new democratized ways to operate their organizations, radically separated traditional institutions.

Recruiting staff in Romania may seem daunting to employers, specifically to those foreign-owned, unfamiliar with Romanian employment legislation. Nevertheless, if certain basic rules are determined and further observed, the recruiting procedure should run smooth and clean from a legal perspective.

As of 1 January 2023, new conditions govern aid in the Polish Investment Zone (PIZ), as indicated in the new regulation implementing the Act on supporting new investments (the new PIZ regulation).

The new General Collective Agreement („GCA“) has been published at the Official Gazette of Montenegro no. 150/22 on 30, December 2022 and will be valid for period of three years from 31, December 2022 when it came into legal force.

Law No. 4054 on the Protection of Competition (“Competition Law”) applies to merger and acquisition transactions ("Transactions") since they may lead to consequences such as establishing/strengthening a dominant position or restricting effective competition in the market. Additionally, as per Communiqué No. 2010/4 Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board ("Communiqué"), some Transactions are subject to the Competition Board's ("Board") approval. In this regard, the Turkish Competition Authority ("Authority") releases the Mergers and Acquisitions Overview Report each year to describe the overview of the Transactions examined within its body and thus provides a breakdown of the Transactions that took place in the market as along with a broad market overview. The Mergers and Acquisitions Report for 2022 ("Report") was published and made public by the Authority on January 6, 2023.

In its recent decision in re Smusta a.s., the Supreme Court ruled on the possibility to avoid a corporate transformation in insolvency proceedings.

As investors continue to seek a safe haven after the collapse of crypto exchanges, cryptocurrency companies have begun to resort to new ways to restore confidence. The most important issue in the market is whether cryptocurrency companies have enough assets to cover their customers' funds.

Under the Polish Medical Devices Act of 7 April 2022 (the MDA), surveillance over medical device advertising is exercised in principle by the President of the Office for Registration of Medicinal Products, Medical Devices and Biocidal Products (the URPL), and in certain cases, by the Minister of Health or the Chief Sanitary Inspector.

As of 1 January 2023, a significant amendment to the Act on Significant Market Power takes effect.

After years of anticipation and waiting, 2023 appears to be the year in which crypto-assets, as major applications of blockchain technology in finance, will be finally regulated by the European Union („EU”) legislation, namely, by the Regulation on Markets in Crypto Assets (“MiCA Regulation”), which is susceptible to affect the rights, obligations and interests of many existing and future generation of businesses and investors across the globe.

 On 20 December 2022, the Official Journal of the Republic of Poland published the rather awkwardly titled Act of 15 December 2022 on Special Protection of Certain Gas Fuel Consumers in 2023 Due to the Gas Market Situation (Gas Prices Capping Act). In this legal alert, we’ll look at the main rules intended to protect eligible customers against spikes in gas prices, payment of compensation to eligible suppliers, as well as amendments to the Energy Law (EL) that are likely to affect the market for companies producing energy from renewable sources (RES Businesses).

Mergers and acquisitions transactions, which has reached a global record level of 5.9 trillion dollars in 2021, are considered as one of the legal transactions with the highest potential for disputes, even though its grounds for disputes are striven to be reduced or at least brought to a foreseeable level by detailed agreements. Agreements and afterwards transactions that comply with the intentions of the parties may result in unintended consequences later. Due to geopolitical tensions, soaring inflation, turmoil in finance and energy sectors, more disputes have been arisen after the closing of M&A transactions comparing to last year. That is with respect to Berkeley Research Group’s third-annual M&A Disputes Report (“Report”), which is prepared with contributions from some of the world’s top lawyers, private equity professionals and leading experts. Report brings forth a broad perspective, on how the current market environment has changed the essence of disputes.

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Aside from Croatia entering the Euro and Schengen zones, there have been numerous other legislative updates of note – primarily in the spheres of labor and land rights – according to Miroslav Plascar, Co-Managing Partner of Zuric i Partneri in cooperation with Kinstellar.

On January 4, CEE Legal Matters reported that Dorda, working with Loyens & Loeff, had advised Croma-Pharma on entering into a business combination agreement with the European Healthcare Acquisition & Growth Company. CEE In-House Matters spoke with Andreas Prinz, Managing Director at Croma Pharma, to learn more about the deal.