Dentons has advised Belgium-based real estate developer Codic on the development of the Green Court multifunctional project in Budapest and on its EUR 77 million sale to Groupama Gan REIM. CMS reportedly advised Groupama.
Did You Know: 2022 Czech Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Havel & Partners has worked on 25 Czech client matters so far this year – more than any other law firm?
CMS Advises UGT Renewables on Joint Solar Energy Project with Montenegro’s EPCG
CMS has advised UGT Renewables on the cooperation agreement with the Electric Power Utility of Montenegro for the joint development of a large-scale solar energy project in the country.
DTB, CMS, and Tus & Grzic Advise on PPD and INA Sale of TMF to Yildirim Group
Divjak Topic Bahtijarevic & Krka and Tus & Grzic have advised Prvo Plinarsko Drustvo and INA, respectively, on the sale of their stakes in joint-venture company Terra Mineral Fertilizer to the Yildirim Group. CMS advised the Yildirim Group.
CMS and Kinstellar Advise on Marsh’s Sale of Insia to Unilink
CMS has advised Marsh on its sale of an 80% stake in Insia to the Unilink Group. Kinstellar advised the buyer.
Did You Know: CEELM's Litigation/Dispute Resolution Briefings Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Schoenherr has published 18 articles of legal analysis on the subject of litigation/dispute resolution on CEE Legal Matters — the most of any firm — over the nine years of its existence?
CMS Advises BGK on EUR 600 Million Bond Issuance Supporting Ukraine
CMS has advised Bank Gospodarstwa Krajowego on a EUR 600 million bond issuance related to providing support to Ukraine.
CMS and B2RLaw Advise on SINO-CEEF's Sale of Polish PV Portfolio
CMS has advised a company from the SINO-CEEF group on the construction and sale of a 51-megawatt photovoltaic power plant portfolio in Poland to a consortium of two Chinese investors. B2RLaw, working with King & Wood Mallesons, advised the unidentified buyers on their acquisition.
Did You Know: Most Active CEE Firms During the COVID-19 Pandemic
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Clifford Chance worked on the most reported deals in CEE during the worst of the COVID-19 pandemic, from April 1, 2020, through January 1, 2022? In fact, the Magic Circle stalwart worked on an impressive 51 reported deals in CEE during that period – more than any other firm.
CMS Advises Volkswagen Financial Services on PLN 410 Million Bond Issuance
CMS has advised Volkswagen Financial Services on a PLN 410 million bond issuance under an updated bond program with a new total maximum of PLN 5 billion.
The Rise of Green Finance in Turkey
Turkey, a G20 country, has been experiencing an increase in energy demand with its high-speed economic and population growth which makes it even more dependent on energy imports for primary energy sources. To ensure the security of its energy supply, Turkey has set its mind to increase the share of renewable energy resources, as per its renewable energy and energy efficiency action plans. That being said, besides other obstacles, the country’s priority target cannot be achieved without an innovative financing resource.
Croatia: The Supreme Court Implements Ex Officio Control of Unfair Contract Terms
The position of consumers has been strengthened by a recent Supreme Court resolution by which the courts are obligated, within enforcement proceedings initiated against consumers, to examine, of their own motion (ex officio) whether an enforceable title contains unfair provisions. The resolution only relates to enforceable titles that have not been previously reviewed by a court, primarily agreements concluded in the form of directly enforceable notarial deeds.The resolution of the Supreme Court represents a further step in the protection of consumers with regard to unfair clauses as regulated by Council Directive 93/13/EEC on unfair terms in consumer contracts (UCTD). It is in line with the Guidance on the interpretation and application of the UCTD and the respective decisions of the Court of Justice of the European Union (CJEU).
Serbia: Criminal Acts and Arbitration Proceedings – A Challenge to Arbitration or Not
Commercial disputes, especially complex commercial cases, are increasingly present in modern regional and Serbian arbitration practices. There are more and more international and local business contracts in which the contracting parties fully trust international and domestic arbitrations to resolve all disputes arising from such contracts.
CMS Advises Zagrebacka Banka, HBOR, and EBRD on Financing EUR 126 Million Wind Farm Projects in Croatia
CMS has advised a consortium of Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the EBRD on financing Taaleri Energia and Encro's EUR 126 million project to build two onshore wind farms near Zadar.
Did You Know: Most Active Firms in CEE Banking/Finance in 2022
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Clifford Chance has worked on 23 reported Banking/Finance deals in CEE so far this year – the most of any firm – with Dentons, which has worked on 22 such deals so far this year, right behind?
CMS Advises ABB on Acquisition of ASKI Energy
CMS has advised Swedish-Swiss technology group ABB on its acquisition of Austrian energy optimization company ASKI Energy.
Baker McKenzie and CMS Advise on Ace 6 Sale of Andrychow Shopping Center to Big Shopping Centers
Baker McKenzie has advised Equilis and Acteeum joint venture Ace 6 on its EUR 40 million sale of the Galeria Andrychow shopping center to Big Shopping Centers. CMS advised the buyer.
CMS and Kinstellar Advise on Gelsenwasser's Sale of Czech Utility Business to Accolade Group
CMS has advised Gelsenwasser on the sale of its Czech water supply, wastewater disposal, and heat and power generation business to the Accolade Group. Kinstellar and, reportedly, Herbert Smith Freehills advised the Accolade Group.