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PwC Legal has advised Green Estonia on its acquisition of a majority stake in local furniture industry company Standard AS.

DLA Piper has advised the RV Ingatlan Befektetesi Alap fund on its acquisition of the Roseville office building in Budapest from Atenor.

Cobalt has advised the Nordic Secondary Fund II on its acquisition of a 10% stake in Cleveron AS. Eversheds Sutherland reportedly advised the sellers.

Aksan has advised APY Ventures on its new investment in Poliark.

BBH has advised the Kaprain Group on its acquisition of a 53,000-square-meter brownfield site next to Prague's O2 arena.

Kinstellar has advised the Electrolux Group on the sale of its manufacturing facility in Nyiregyhaza, Hungary, to Qvantum for EUR 38 million. CMS reportedly advised Qvantum.

Dentons has advised Enterprise Investors on the acquisition financing from Bank Pekao for its purchase of a significant minority share in Advanced Protection Systems. SSW Pragmatic Solutions reportedly advised the bank.

Cobalt has advised Italian company Italferr on its successful participation in the EUR 141.5 million Rail Baltica public procurement process for the provision of engineering consultancy and construction supervision services for the construction of the mainline in Latvia.

Glatzova & Co. has advised the municipality of Poricany on the approximately CZK 160 million agreement with a Hecht Group project company for the sale of development land near the D11 highway. Baroch Sobota reportedly advised the Hecht Group.

Clifford Chance has advised PAD RES on a PLN 240 million financing agreement with the Polish Development Fund for the construction of two photovoltaic farms with a total capacity of 117 megawatts in northern Poland. Wardynski & Partners advised the PDF.

Norton Rose Fulbright has advised Bank Gospodarstwa Krajowego on its PLN 350 million financing of Europejski Fundusz Leasingowy's business activity.

E+H, working with Osborne Clarke, has advised the Funke Mediengruppe on its acquisition of a stake in High Five. Brandl Talos advised High Five.

Former Banasik Wozniak i Wspolnicy Partner Joanna Bernat has joined Crido in Warsaw as a Partner and the firm's Head of Energy.

Former Linklaters Counsel Klaudia Krolak has joined Greenberg Traurig’s Poland office as a Partner.

Former Hungarian Ambassador to Austria Andor Nagy has moved into private practice by joining the Public Law and Regulatory practice of Dentons’ Budapest office as a Partner.

Tomas Skoumal has been elected as the new Managing Partner of Baker McKenzie’s Prague office, taking over from Martin Hrodek.

Former Counsels Zeno Grabmayr, Adelina Iftime-Blagean, Maciej Olszewski, Aleksandar Ristic, Bruno Stefanik, and Stefan Wartinger have all become Partners in Wolf Theiss’ respective offices across CEE.

Former Baker McKenzie Turkish affiliate Esin Attorney Partnership Associate Nihat Aral has joined Alcon as a Head of Legal & Compliance in Turkiye.

Former Biris Goran Partner Mariana Signeanu has joined the Bulboaca & Asociatii law firm in Bucharest as a Partner, effective September 11, 2023.

Former Karsan Automotive Head of Legal Ibrahim Onur Baysal has joined Erdem & Erdem as a Partner and Head of the firm's Capital Markets practice.

Lithuania's Ilaw Lextal has announced the promotion of four of its Attorneys to Associate Partner positions – Inga Neniske, Egle Visinskiene, Ramune Saikuviene, and Neringa Gylyte – effective September 2023.

Attorney At Law Jan Exner has joined the Briza & Trubac team in Prague as Head of the firm's Sports Law practice. The move became effective on September 1, 2023. 

Pawel Mruk-Zawirski and Lukasz Walczyna have taken over the leadership of the Financial Regulatory practice and the Debt Capital Markets practice, respectively, in Allen & Overy’s Warsaw office.

Dora Zombori has joined Dentons’ Budapest office as a Partner, to strengthen the firm's Energy and Government Affairs practice.

With a delay of over a year, Czech Act no. 284/2023 on preventive restructuring implemented the EU Restructuring Directive 2019/1023 into Czech law with effect as of 23 September 2023. This publication explains some of the key choices made by the Czech Republic upon the Directive’s implementation.

The Romanian Financial Supervisory Authority (FSA) released for public consultation a draft regulation proposing amendments to its Regulation 5/2019 applicable mainly to investment firms and, in limited cases, to credit institutions providing investment services and/or activities and alternative fund managers.

The Hungarian Government plans to further develop the regulatory framework for geothermal energy, according to the REPowerEU chapter of Hungary’s Recovery and Resilience Plan.

On 12 September 2023, the President of Ukraine signed Law No. 5431 "On Amendments to Certain Legislative Acts of Ukraine to Improve the Activities of the Antimonopoly Committee of Ukraine" ("Law"), which launches a reform of Ukrainian competition law. The Law will enter into force on 1 January 2024.

Corporate reputation is an organisation's most valuable intangible resource and may be defined as the public perception of the company and how it operates. It has its monetary expression and influences financial and social capital as well as market share. It can be positive and negative. Reputation is an essential aspect of any business. In today's digital age, a company's reputation can be easily tarnished through websites, social media, online reviews and news articles.

The Work Program of the Government of Montenegro for 2023 envisages the preparation of a set of draft laws that are in final phase.

Already last year, it was noticeable that after several years of decline, the Hungarian Tax Authority conducts more and more tax audits. In 2022, the number of tax audits increased by 6.2% compared to the previous year. Experience shows that this trend is expected to continue even more strongly this year. The most commonly audited tax category remains VAT.

On 16 September 2023 the Resolution of the Cabinet of Ministers of Ukraine "On Amendments to the Procedure for Payment of Fees for Actions Related to the Protection of Intellectual Property Rights" ("Resolution") will enter into force. The Resolution introduces new fees, provides additional reductions and clarifies existing ones.

What is corporate crime prevention and why is it a necessary "cost"? Depending on the industry in which a company operates in Romania, it is subject to legal obligations whose violation can result in legal liability.

Product liability for products containing artificial intelligence (AI) is a complex and evolving legal area that combines traditional product liability principles with the unique challenges posed by AI technology. Product liability refers to the legal responsibility of manufacturers and sellers for injuries or damages caused by their products.

Open call for granting non-refundable cash incentives and approval of loans with the aim of incentivizing the development of women’s entrepreneurship was published on 28 August as part of Program for incentivising the development of entrepreneurship through financial assistance for women’s entrepreneurship (Program).

On 21 October 2022, the Banking Regulatory and Supervisory Authority (“BRSA”) published BRSA Decision No. 10389 (“Tightening Decision”) to tighten the restrictions set forth under the BRSA Decision No. 10250 dated 24 June 2022 (“Restriction Decision”), which introduced Turkish lira borrowing restrictions for non-financial institutions that are subject to independent audit and BRSA Decision No. 10265 dated 7 July 2022 (“Decision No. 10265” and together with Tightening Decision and Restriction Decision, “Decisions”), which in turn aims to clarify and ensure the effective application of the Restriction Decision.

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The recent establishment and practice of its Commercial Court – along with other legal developments and the government's push on energy – signify a shift towards impartiality, transparency, and investor-friendly policies in Kosovo, according to Sejdiu & Qerkini Managing Partner Korab Sejdiu.

An in-depth look at Mika Lalaouni of Drakopoulos covering her career path, education, and top projects as a lawyer as well as a few insights about her as a manager at work and as a person outside the office.

Are compliance teams a necessary evil or effective facilitators of business success? At the CEE Legal Matters GC Summit held in Istanbul, legal experts from across Europe discussed how to best foster a culture of compliance and ethics in order to benefit businesses, as well as why multidisciplinary knowledge and an agile approach are crucial for compliance teams.

On November 23, CEE Legal Matters reported that Cobalt had advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. CEE In-House Matters spoke with Henning Schreiber, Head of Acquisitions at Everfield, to learn more about the acquisition.