Baker McKenzie has advised Worthington Enterprises on the USD 10 million sale of 49% of Worthington’s Sustainability Energy Solutions business segment to Hexagon Composites forming a joint venture with Hexagon Composites. Saxinger, Chalupsky & Partner reportedly advised Hexagon.
Hungary’s Automotive Sector: Keeping an Eye on the Road
Heralded as a cornerstone of the national economy, the Hungarian automotive sector faces significant challenges but also promising opportunities. Baker McKenzie Partner Zoltan Hegymegi-Barakonyi, Lakatos, Koves & Partners Partner Adam Mattyus, Szecskay Senior Partner Judit Budai, and Kinstellar Sector Head and Senior Counsel Akos Nagy take a deep dive into the sector’s status amidst a backdrop of labor shortages, geopolitical shifts, and the government’s concerted efforts to continue growth and maintain global competitiveness.
Pekin Bayar Mizrahi and Esin Attorney Partnership Advise on Sincanli Tractor's Sale to TVH Parts
Norton Rose Fulbright affiliate law firm Pekin Bayar Mizrahi has advised the shareholders of Sincanli Tractor on the sale of shares to TVH Parts. Baker McKenzie's affiliate law firm of Esin Attorney Partnership advised TVH.
Paksoy and Esin Attorney Partnership Advise on Koton's IPO
Paksoy has advised Koton founding shareholders Yilmaz Yilmaz and Gulden Yilmaz on the company's IPO. Baker McKenzie Turkish affiliate Esin Attorney Partnership worked on the transaction as well.
The Corner Office: Skills of Tomorrow
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Given the dynamic and ever-evolving nature of the legal profession, we asked: What is the one critical skill that you’re investing time and energy in to develop within your team, and why?
The Latest Technological Advances in the Hungarian Code of Civil Procedure
The bill to amend the laws on justice was adopted by the Hungarian Parliament on 30 April 2024. The omnibus act amends a number of laws, including the Act on Notaries Public, the Act on Judicial Enforcement, the Act on the Organization and Administration of the Courts and the Code of Civil Procedure.
Paksoy and Esin Advise on Iyzico's Acquisition of Paynet
Paksoy has advised Iyzico on the acquisition of Paynet from Arena Bilgisayar. Baker McKenzie Turkish affiliate Esin Attorney Partnership advised the sellers.
Czech Republic Between Shortage and Shortfall: A Buzz Interview with Milena Hoffmanova of Baker McKenzie
Emphasizing the urgency of healthcare reforms in the Czech Republic – given acute supply issues and the need to address systemic challenges effectively – Baker McKenzie Partner Milena Hoffmanova underscores the importance of collaborative efforts between stakeholders to ensure sustainable and equitable healthcare delivery in the country.
Baker McKenzie Advises Lindsay on Investment in Pessl Instruments
Baker McKenzie has advised the Lindsay Corporation on its acquisition of a 49.9% stake in Austria-based Pessl Instruments, with an option to acquire the rest at a later date. HBA reportedly advised Gottfried Pess on the sale.
Did You Know: 12-Month Dispute Leaderboard in CEE
Did you know that, according to the Activity Rankings function of the CEELMDirect website, of the 88 law firm partners who have reported working on disputes in CEE over the past 12 months, only nine have reported working on more than one?
Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive
Karanovic & Partners has advised both parties on Embracer Group's sale of Saber Interactive to Beacon Interactive in a deal worth USD 247 million. Baker McKenzie reportedly advised the Embracer Group.
Kambourov & Partners Advises Triton Partners on Acquisition of Siemens Energy’s Trench Business
Kambourov & Partners, working with Latham & Watkins, has advised Triton Partners on local aspects of the carve-out and acquisition of Siemens Energy’s Trench high-voltage component business. Baker McKenzie advised Siemens Energy. White & Case advised a syndicate of banks and financial institutions on financing the acquisition.
Gedik & Eraksoy and Esin Advise on Akbank USD 600 Million Note Issuance
Allen & Overy and Turkish affiliate Gedik & Eraksoy have advised the joint bookruners on Akbank's USD 600 million issuance of 9.37% perpetual fixed rate resettable additional tier 1 notes. Baker McKenzie and Turkish affiliate Esin Attorney Partnership advised Akbank.
CMS, Baker McKenzie, MJH, Wardynski & Partners, and Forton Legal Advise on Zemportic Acquisition of Bruno-Tassi
CMS has advised mBank on the PLN 42 million financing for Zemportic Investments' acquisition of Polska Grupa Bruno-Tassi. Baker McKenzie advised Zemportic Investments. Wardynski & Partners advised a consortium of banks financing Polska Grupa Bruno-Tassi. MJH Moskwa Jarmul Haladyj and Forton Legal advised Bruno-Tassi.
The Corner Office: 2024 Wishes and Perils
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As we bid farewell to 2023, this time around we turn our attention forward: What is your one main wish for 2024 and what do you see as the biggest potential risk?
Poland: Outline of the Court Restructuring and Bankruptcy Legal Framework
In a time of economic turmoil, company directors and owners focus on maintaining their businesses as going concerns, ensuring financial stability, and managing relationships with their creditors, contractors, and employees. When necessary, that includes considering strategic debt management options. On the other hand, creditors and contractors concentrate on properly assessing and understanding the risks associated with a dynamically changing commercial environment, evaluating their strategies toward clients, and implementing adequate safeguards and responses to emerging threats.
Legal Considerations for Investing in Generative AI in Hungary — A dilemma of Data and Authorship
Nowadays, one can hear a lot about generative artificial intelligence ("Generative AI"), which can be used to create different types of content (e.g., text, images, software source code) in an automated way by giving simple instructions (so-called "prompts"). Companies may reasonably ask whether it is worth investing, at this point, in software using Generative AI; however, the current Hungarian legislative environment does not provide answers to this question, which could clearly provide guidance in all cases, on a general basis. For this reason, the legal implications of each investment (be it either procurement or "in-house" development) need to be examined on a case-by-case basis.
TGS Baltic Advises Mitsubishi on Acquisition of 20% Stake in European Energy
TGS Baltic, working with Baker McKenzie and Accura, has advised Mitsubishi on its acquisition of a 20% stake in Denmark-based European Energy through a EUR 700 million investment.