Latest News By Practice
Stratulat Albulescu has advised the founders of Respira Verde on the sale of 50% of their stake in Respira to OMV Petrom.
TGS Baltic has advised the INVL Baltic Sea Growth Fund on the agreement to fully acquire the Galinta Group. Lewben advised Galinta.
We can all think of names like Champagne or Feta cheese that are intrinsically linked to the geographical origin of a product and the know-how of its producers, often passed on over many generations.
Pohla & Hallmagi has successfully advised SG Veteris in obtaining a virtual currency service provider license from the Estonian Financial Intelligence Unit.
Bondoc si Asociatii has advised RetuRO Sistem Garantie Returnare as the sole administrator of the deposit-return system implemented in Romania on the engineering, procurement, and construction contract for the technical infrastructure and the equipment necessary for the operation of the deposit-return system throughout the country.
Turkish Constitutional Court ["TCC"], in its decision no. 2023/36 E., 2023/142 K. published in the Official Gazette dated 13 October 2023, annulled Article 46, paragraph 1, subparagraph (b) of the Turkish Code of Administrative Procedure No. 2577 ["TCAP"], which regulates the appeal in administrative judiciary, by finding it in violation of the Turkish Constitution. The decision will enter into force on 13 July 2024, nine months after its publication in the Official Gazette.
MJH Moskwa Jarmul Halady has advised Best Capital Fizan on its EUR 4.2 million issuance of bonds maturing October 2027, to be listed on the Catalyst alternative trading system of the Warsaw Stock Exchange.
Bernitsas Law has advised Helleniq Energy Holdings on the refinancing of a EUR 400 million common bond loan issued by its Hellenic Petroleum subsidiary.
Bernitsas Law has advised the European Investment Bank on its financing for the extension of the Northern Cyclades interconnection, a project conducted by Greece's Independent Power Transmission Operator.
MJH Moskwa Jarmul Halady has advised Best Capital Fizan on its EUR 4.2 million issuance of bonds maturing October 2027, to be listed on the Catalyst alternative trading system of the Warsaw Stock Exchange.
Schoenherr has announced it is expanding its Warsaw office with the addition of a team of 23 lawyers, including seven partners, as of February 2024. The move includes Partners Szymon Okon, Pawel Chyb, Ilona Fedurek, Tomasz Kwasniewski, Katarzyna Solarz, Katarzyna Szczudlik, and Marcin Czaprowski from SSW Pragmatic Solutions.
AegisLegal and Kalman & Partners have advised Biggeorge REIT Nyrt on the successful listing of its shares on the Budapest Stock Exchange. Duda & Csako reportedly also advised on the listing.
NKO has successfully represented Konica Minolta before the Administrative Court of Serbia in a dispute with the Serbian Competition Authority over a fine imposed for allegedly entering into restrictive agreements.
Sayenko Kharenko, working with Appleton Luff, has successfully represented PJSC Stalkanat in the antidumping administrative review regarding prestressed concrete steel strand, conducted by the US Department of Commerce, resulting in a 0% (no-dumping) rate being granted.
Schoenherr has advised ProPellets Austria on a dawn raid by the Austrian Federal Competition Authority and its subsequent investigation into the Austrian pellets market.
Greenwashing is an umbrella term for misleading environmental claims. A claim is any promotional communication that can be communicated in advertisements, marketing materials, product manuals, prospectuses for investors, recruitments ads, annual reports, on packaging or brands themselves.
Bucharest-based lawyers Claudiu Damian and Costin Teodorovici have launched Whistle Up – a platform to support organizations impacted by the whistleblowing legislation in complying with the newly applicable legal framework.
Former HKV Partner Lukas Michalik has opened up a new law firm in Slovakia: Ments. Joining Michalik at Ments is Partner Peter Makys, another former HKV lawyer.
DLA Piper has advised Seattle-based Washington Dental Service on its acquisition of a 50% stake in 8 West Consulting.
Ellex Valiunas has advised E Energija group company Kogeneracija on the sale of 100% of shares in Miesto Energija and Pramones Energija and a 4,34% stake in Klaipedos Energija to Vilniaus Silumos Tinklai. TGS Baltic reportedly advised the buyer.
Stratulat Albulescu has advised the founders of Respira Verde on the sale of 50% of their stake in Respira to OMV Petrom.
Ellex Valiunas has advised E Energija group company Kogeneracija on the sale of 100% of shares in Miesto Energija and Pramones Energija and a 4,34% stake in Klaipedos Energija to Vilniaus Silumos Tinklai. TGS Baltic reportedly advised the buyer.
Stratulat Albulescu has advised the founders of Respira Verde on the sale of 50% of their stake in Respira to OMV Petrom.
Bernitsas Law has advised Helleniq Energy Holdings on the refinancing of a EUR 400 million common bond loan issued by its Hellenic Petroleum subsidiary.
Noor and the Lithuanian Red Cross Society have executed a memorandum of cooperation based upon which Noor will provide continuous legal advisory and assistance to the Red Cross on various legal matters.
Everlegal has partnered up with the Norwegian Refugee Council in Ukraine and will be offering the NRC legal support on a number of day-to-day legal issues.
Zivkovic Samardzic has successfully represented the B92 media company before the European Court of Human Rights in a dispute against Serbia.
Tuca Zbarcea & Asociatii and the IFC have worked alongside Romania's General Secretariat of the Government, Ministry of Finance, Ministry of Development, Public Works, and Administration, and Ministry of Transport and Infrastructure to update the country's regulatory framework regarding public-private partnership projects, works concessions, and service concessions.
Djingov Gouginski Kyutchukov & Velichkov has advised Sofia Airport operator SOF Connect on the expansion of the airport's open parking area and refurbishment of the covered parking.
In recent years we have seen major infrastructure projects in the Eastern Balkans, ordinarily based on International Federation of Consulting Engineers (FIDIC) standards, face significant delays and impediments due to complex decision-making processes.
Glatzova & Co has advised the Vitkovice foundries on the negotiation and preparation of the reorganization plan and the approval of the prepackaged reorganization, including the preparation of credit financing to ensure liquidity during insolvency proceedings.
In Romania, even the most optimistic estimates show that only a handful of companies (less than 10%) manage to reorganize through insolvency, as previously regulated by Law 85/2006 and then by Law 84/2014 on insolvency prevention and insolvency proceedings (“Law 85/2014”).
The landscape of cross-border reorganisations in Poland has undergone significant changes with the amendments to the Code of Commercial Companies, effective as of 15 September 2023. The revisions introduce a pivotal element – the requirement for a certificate of compliance with Polish law for cross-border reorganisations.
In the Official Gazette of RS no. 92/2023, dated October 27, 2023, amendments and supplements to the Law on Health Insurance were published, becoming effective on November 4, 2023 (“the Law“).
Act Legal Botezatu Estrade Partners has recently announced it welcomed a nine-person team from Consortium Legal – including Partners Stelian Mic, Barna Bolonyi, and Valeriu Timus – in "a friendly integration and a strategic step forward."
Bucharest-based lawyers Claudiu Damian and Costin Teodorovici have launched Whistle Up – a platform to support organizations impacted by the whistleblowing legislation in complying with the newly applicable legal framework.
DLA Piper has advised Seattle-based Washington Dental Service on its acquisition of a 50% stake in 8 West Consulting.
NKO has advised Dr Max on its acquisition of Melem Pharmacy in Serbia from Vladimir Cupic. Bajic & Popovic reportedly advised the seller.
Aksan has advised PhiTech Bioinformatics on receiving an investment from the Maxis Arya venture capital fund.
Baker McKenzie has successfully represented Google before the Court of Justice of the European Union in challenging the Austrian Communication Platforms Act, which it describes as "far-reaching content moderation legislation" aiming to regulate "large online platforms established in other EU member states."
On October 26, 2023, the National Assembly of the Republic of Serbia passed new amendments to the Law on the Protection of the Right to a Fair Trial (hereafter referred to as the “Law"), which were published in the Official Gazette of the Republic of Serbia No. 92/2023.
Act Legal Botezatu Estrade Partners has recently announced it welcomed a nine-person team from Consortium Legal – including Partners Stelian Mic, Barna Bolonyi, and Valeriu Timus – in "a friendly integration and a strategic step forward."
DWF has advised Polish private airline Enter Air on the establishment of a joint venture with TUI to provide aircraft rental and charter flight services to commercial customers.
Egemenoglu has advised Italian international transport company Savino Del Bene on its acquisition of majority stakes in Turkyie's freight forwarding market players Trans Okyanus and Bogazici Ekspres.
BDK Advokati has advised Waberer’s International on its acquisition of a 55% stake in the MD International distribution company in Serbia, with an option for the remaining 45%. JPM & Partners advised MDI shareholder Dragoslav Micic. Marjanovic Law reportedly advised the other sellers.
Djingov Gouginski Kyutchukov & Velichkov has advised ICBC International Finance Limited on a USD 66.22 million ship financing extended to the Navibulgar group. Stephenson Harwood reportedly advised Navibulgar.
The KLC law firm has advised the Hellenic Republic Asset Development Fund on the Court of Auditors' pre-contractual review of the tender and contract for the sub-concession of a multi-purpose terminal within the Philippos II port.
Amendments and supplements to the Customs Law, enacted in December 2022, amended the misdemeanour provisions for violations of this law. The amendments introduce greater certainty regarding the misdemeanour liability of importers and customs representatives for submitting customs declarations and accompanying documents with the goal of legitimate conducting of customs procedures. In this article we present our interpretation of the respective amendments.
Rowan Legal has advised Oriens Fund II on its acquisition of Sogos Fanam.
E+H, working alongside Latham & Watkins, has advised Carlyle investment firm on its majority investment in GBTEC Software and its affiliates.
Aksan has advised PhiTech Bioinformatics on receiving an investment from the Maxis Arya venture capital fund.
Schoenherr has signed new legal services and partnership agreements to continue providing pro bono legal advice to Concordia – an independent NGO supporting children, young people, and families in need in Romania, Bulgaria, Moldova, Kosovo, and Austria – which the firm has been supporting for the past 15 years.
Noor and the Lithuanian Red Cross Society have executed a memorandum of cooperation based upon which Noor will provide continuous legal advisory and assistance to the Red Cross on various legal matters.
Everlegal has partnered up with the Norwegian Refugee Council in Ukraine and will be offering the NRC legal support on a number of day-to-day legal issues.
Stratulat Albulescu has advised Eli Parks on the lease agreement with Portuguese environmental services company Sopsa for premises covering 6,400 square meters in Eli Park 4, outside Bucharest. Wolf Theiss advised tenant Sopsa Eco Innovation.
Djingov Gouginski Kyutchukov & Velichkov has advised Sofia Airport operator SOF Connect on the expansion of the airport's open parking area and refurbishment of the covered parking.
Kinstellar has advised S Immo on its acquisition of a property portfolio in the Czech Republic, valued at EUR 481 million, from the CPI Property Group.
Deloitte Legal Romanian affiliate Reff & Associates has advised Romania's National Agency for Fiscal Administration on implementing an EU-funded project to modernize tax controls, including amending the relevant legislation to provide the framework for intensifying desk audits and targeted checks.
The Serbian National Assembly has adopted amendments to the Law on Personal Income (PIT Law) and the Law on Mandatory Social Contributions (SSC Law) extending the deadlines for payroll incentives.
The landscape of cross-border reorganisations in Poland has undergone significant changes with the amendments to the Code of Commercial Companies, effective as of 15 September 2023. The revisions introduce a pivotal element – the requirement for a certificate of compliance with Polish law for cross-border reorganisations.
Andronic x Partners has advised the shareholders of Kepler Management Systems on the sale of the company to the Bittnet Group. Pop & Partners advised the buyers.
E+H, working alongside Latham & Watkins, has advised Carlyle investment firm on its majority investment in GBTEC Software and its affiliates.
WKB Lawyers has advised SAS Groupe Positive on its acquisition of User.com. Gessel advised founder Grzegorz Warzecha and investor Vercom on the sale.
We are a law firm that is dedicated to recovering assets for victims of financial crime when the assets or scammers are located in Bulgaria. Nowadays, a growing number of people become victims of a sophisticated ongoing criminal fraud scheme involving an unknown number of organised participants from different countries. The fraudsters aim to deceive the victims to transfer significant amounts of money to the fraudster’s bank accounts in Bulgaria. Then, the scammers usually move the received sum to a bank account in a country outside the European Union. However, these transfers are in breach of Bulgarian and international anti-money laundering law.
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.
As we promised a few weeks ago when we discussed all the interesting aspects of commercial offences as an integral part of Serbian penal law, we shall now take a closer look at the first-instance proceeding and some of the most important segments of domestic and foreign legal entities, as well as their responsible persons, should keep in mind in case they are subjected to a commercial offence proceeding.