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Popovici Nitu Stoica & Asociatii has advised the Ameropa Group on obtaining a EUR 347 million senior secured multicurrency revolving credit facility from a syndicate of banks including BCR, Raiffeisen, ING, and UniCredit. Nestor Nestor Diculescu Kingston Petersen advised the lenders.

Cobalt has advised Asgaard Oriens on its investment in a vertical farm in Lithuania co-developed by the Leafood Group. Motieka and Audzevicius advised the Leafood Group.

Tokushev and Partners has advised on Bee Smart Technologies' initial public offering of shares on the Beam growth market of the Bulgarian Stock Exchange. The First Financial Brokerage House acted as lead broker on the deal.

Vukovic & Partners has advised ODM Collections on obtaining a purchase of receivables work license from the Central Bank of Montenegro.

Tuca Zbarcea & Asociatii has advised Mol Romania on the development, authorization, and opening of two new service stations on the A2 Motorway.

Zivkovic Samardzic has advised Serbia’s commercial broadcasters Prva, B92, and Play Radio on obtaining national broadcasting licenses from Serbia’s regulatory authority for electronic media.

JSK has advised Komercni Banka group company KB SmartSolutions on the acquisition of Enviros. Hartmann Jelinek Frana and Partners reportedly advised the seller.

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.

Tokushev & Partners has advised public listed company Sofia Commerce Pawn Shops on increasing its capital with own funds in the amount of BGN 7.12 million.

As the main trends of the transaction market in the first half of 2022, the boom of startups and the changes in their valuations, the undiminished confidence of foreign investors despite the geopolitical situation, and the ongoing consolidation of the health care and renewable energy sectors can be singled out.

Cobalt has advised Coffee Address Holding on its EUR 5 million unsecured bond issuance. Eversheds Sutherland Bitans advised on collateral agent matters and undertook collateral agent functions for the term of the bonds. Signet Bank was the arranger of the issuance.

Pavel Dejl has been appointed to Managing Partner at Kocian Solc Balastik as of August 1, 2022, taking over from Petr Kasik.

The Competition Board (the “Board”), the competent decision-making organ of the Turkish Competition Authority, no longer has the quorum required to render final/executable decisions as the tenure of three (3) members came to an end as of the beginning of August 2022. Final decisions, including merger clearance decisions, closure of pre-investigation and investigation procedures, are currently pending while the Board is awaiting official assignment of new board members to re-establish final/executable decision quorum.

This article provides an up-to-date overview of the currently existing FDI regimes in Croatia.

Zivkovic Samardzic has advised Serbia’s commercial broadcasters Prva, B92, and Play Radio on obtaining national broadcasting licenses from Serbia’s regulatory authority for electronic media.

CMS has successfully advised Shell Energy Europe on obtaining a license for trading natural gas in Bulgaria.

ESG is undoubtedly one of the hottest topics not only in the compliance community but also in the legal one.

JSK has advised Komercni Banka group company KB SmartSolutions on the acquisition of Enviros. Hartmann Jelinek Frana and Partners reportedly advised the seller.

Pavel Dejl has been appointed to Managing Partner at Kocian Solc Balastik as of August 1, 2022, taking over from Petr Kasik.

On August 3, 2022, SMM Legal announced that the merger between PKN Orlen and Grupa Lotos (initially reported by CEE Legal Matters on May 23, 2018) had closed.

JSK has advised Komercni Banka group company KB SmartSolutions on the acquisition of Enviros. Hartmann Jelinek Frana and Partners reportedly advised the seller.

Former Borealis Chief Legal and Compliance Officer Katja Tautscher has joined OMV AG as Senior Vice President / General Counsel in Vienna.

On August 3, 2022, SMM Legal announced that the merger between PKN Orlen and Grupa Lotos (initially reported by CEE Legal Matters on May 23, 2018) had closed.

Asters has advised Olson Family Trust Director Chuck Olson prior to and during his visit to Ukraine on the implementation of the first phase of the trust’s humanitarian mission. 

Wardynski & Partners has represented an OKO.Press journalist before the Supreme Administrative Court of Poland in a case concerning press access to a session of parliament.

Asters, working pro bono with Quinn Emanuel Urquhart & Sullivan, has advised the Ministry of Justice of Ukraine on the inter-state proceedings being brought by Ukraine against the Russian Federation before the European Court of Human Rights.

Tuca Zbarcea & Asociatii has advised Mol Romania on the development, authorization, and opening of two new service stations on the A2 Motorway.

The importance of ESG in business has become clearer as the moral and ecological reasons are now obvious to everyone. In theory, all companies support the idea of doing business in a more sustainable and climate-friendly way. However, in practice, companies usually only do something when they have to. In Hungary, there isn’t any binding ESG supply chain act in place yet, which could wrongly lead to the conclusion that the topic is unimportant. Yet considerations about ESG in the supply chain are no longer nice-to-have but have become a must-have globally, and Hungary is no exception. There are various locally relevant reasons for which companies must start prioritizing the management of ESG risks in their supply chain.

Green Public Procurement (GPP) is a process whereby public authorities seek to procure goods, services, and works with a reduced environmental impact throughout their life cycle, to achieve environmental policy goals relating to climate change, sustainable consumption, etc., ensuring that tenderers abide with a minimum level of compliance with environmental legislation.

BNT Attorneys in CEE has advised Aros Marine on the insolvency proceedings of Germany’s MV Werften group.

Lithuania's SPC Legal and Wint have joined forces to form a new law firm: Noor.

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.

Entrepreneurship in Romania.

We are four months into the conflict between Russia and Ukraine and still a long way from a conclusion awaited by so many people. Beyond the reasons of this conflict and potential outcome lies the dramatic change in the lives of the Ukrainian population. Daily updates in the proportion of displaced Ukrainians paint a vivid picture of the unfolding drama that affects not only Ukraine, but Europe and much parts of the world.

New Covid regulations are in effect from 1 August 2022, raising many questions for employers. The biggest changes are that quarantine for SARS-COV-2 infected persons is no longer mandatory according to Austrian law and the reinstatement of the risk group exemption ("Risikogruppenfreistellung").

As the main trends of the transaction market in the first half of 2022, the boom of startups and the changes in their valuations, the undiminished confidence of foreign investors despite the geopolitical situation, and the ongoing consolidation of the health care and renewable energy sectors can be singled out.

Guleryuz Partners has advised Haver Farma Ilac on its full acquisition of MS Pharma SARL's Turkish subsidiary, MS Pharma Ilac. PwC Legal reportedly advised the seller.

Dentons has advised private investment firm B-Flexion and the Affidea Group on the sale of Affidea to Groupe Bruxelles Lambert. Kirkland & Ellis reportedly advised the buyer.

Pavel Dejl has been appointed to Managing Partner at Kocian Solc Balastik as of August 1, 2022, taking over from Petr Kasik.

Asters has successfully defended the interests of PrivatBank before the Supreme Court in a case relating to the bank's nationalization.

Cobalt has successfully defended and later represented Jurgita Jankauskiene, pro bono, in a traffic accident case.

E+H has advised German real estate investor KanAm Grund Group on the purchase of the last-mile logistics hall Cross Dock Upper Austria in Enns near Linz from the Meir Immobilien Group. SCWP Schindhelm advised the sellers on the deal.

Taylor Wessing has advised the MLP Group on a public bond offering and listing on the Catalyst alternative trading system. Pekao Investment Banking was the issuing agent.

EY-associated firm Bancila, Diaconu si Asociatii has announced that former Ratiu si Ratiu Senior Lawyer Andra Iftemie has joined the firm to develop and coordinate its new climate change, sustainability, and transportation practice.

BNT Attorneys in CEE has advised Aros Marine on the insolvency proceedings of Germany’s MV Werften group.

The Elmacioglu Law Office has announced the formation of a collaborative partnership with Seoulsolution.

Pohla & Hallmagi has successfully represented UK company Steamship Mutual Underwriting Association in Marshall Island-registered oil tanker Advantage Pride arrest proceedings.

Herbst Kinsky has advised Helu.io on its USD 10 million Series A financing round led by CommerzVentures, with the participation of Iris Capital and early-stage investor Speedinvest.

Fort Legal has advised Eften Capital on the acquisition of the Talino real estate project from Rewo. Walless advised the seller.

Noerr has advised Espira on the sale of Icon Communication Centres to Yoummday. Kinstellar advised the buyer.

Sorainen has provided pro bono legal assistance to Aswell on setting up the terms and conditions for the corporate application users.

Cobalt has successfully defended and later represented Jurgita Jankauskiene, pro bono, in a traffic accident case.

Wardynski & Partners has represented an OKO.Press journalist before the Supreme Administrative Court of Poland in a case concerning press access to a session of parliament.

On August 5, 2022, Greenberg Traurig announced that Marvipol Development's sale of the Moko Botanika project (reported by CEE Legal Matters on February 2, 2021) had closed.

DWF has advised Zeitgeist Asset Management on its acquisition of the Raclawicka 48 co-living project in Krakow.

E+H has advised German real estate investor KanAm Grund Group on the purchase of the last-mile logistics hall Cross Dock Upper Austria in Enns near Linz from the Meir Immobilien Group. SCWP Schindhelm advised the sellers on the deal.

Tax legislation updates are the zeitgeist in Austria right now, according to Taylor Wessing Partner Michaela Petritz-Klar, with the energy sector, cryptocurrencies, and online platforms being at the forefront of overhaul efforts.

Lithuania's SPC Legal and Wint have joined forces to form a new law firm: Noor.

On July 15, 2022, in the Romanian Official Gazette No. 716, Ordinance No. 16/2022 for the amendment of Law No. 227/2015 regarding the Tax Code, abolishment of certain normative acts and other fiscal-financial measures (“Ordinance 16/2022”) was published, through which multiple amendments were brought to the fiscal framework.

Sorainen has provided pro bono legal assistance to Aswell on setting up the terms and conditions for the corporate application users.

PRK Partners has advised SCS Software on relocating its Prague headquarters to the Roztyly Plaza project.

Herbst Kinsky has advised Helu.io on its USD 10 million Series A financing round led by CommerzVentures, with the participation of Iris Capital and early-stage investor Speedinvest.

The Law on whistleblowers’ protection was approved on 29 June 2022 by the Chamber of Deputies. 

Lithuania's SPC Legal and Wint have joined forces to form a new law firm: Noor.

The term "whistleblowing" means a procedure for reporting unlawful, harmful for public interest, potentially damaging or simply morally questionable behaviour at work, which helps to identify inappropriate behaviour or situations in organisations where normal channels of communication would not work or would be difficult to use, mainly because of the fear from sanctions. Reportable wrongdoing can take many forms: corruption, fraud, professional misconduct or negligence.