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Latest News By Practice

Aequo has helped Ukrainian agro-industrial group Rostok-Holding obtain merger clearance from the Antimonopoly Committee of Ukraine for the acquisition of Novgorod-Seversky Elevator, Novgorod-Seversky Agrarian Investments, and Demor.

CMS has advised a syndicate of banks led by mandated lead arranger ING Bank N.V. in relation to the extension of a pre-export facility for Ukraine’s Kernel Group.

Sorainen has advised Lithuanian-based UAB Scandagra on the acquisition of a majority stake in Silutes Girnos, a company operating grain storage facilities and related real estate. Cobalt advised the stock sellers on the deal.

CMS has advised BeeIN on its successful participation in a two-phase public tender to obtain access to 5G frequencies organized by the Communications Networks and Services Agency of the Republic of Slovenia.

Walless has helped Funderbeam obtain an investment firm license from the Estonian Financial Supervision Authority, allowing the company to continue operations in the European Economic Area after Brexit.

Adon Legal has helped Paymont obtain an Electronic Money Institution license from the Bank of Lithuania.

Former Karanovic & Partners attorneys Luka Prelevic, Stefan Lucic, and Djordje Kuzmanovic have opened PLK Advokati for business in Podgorica.

Schoenherr has advised Raiffeisen Bank International AG and Raiffeisenbank a.s. on the acquisition of Akcenta CZ a.s., a CEE/SEE provider of FX and payment services to European SMEs and high net worth individuals, from Akcenta Group SE and Milan Lacina. Tarpan Legal advised the sellers on the transaction, which remains contingent on regulatory approval.

DWF Poland has helped Enter Air obtain PLN 287 million in financing under the Polish Development Fund's Financial Shield Programme for Large Companies.

Former Karanovic & Partners attorneys Luka Prelevic, Stefan Lucic, and Djordje Kuzmanovic have opened PLK Advokati for business in Podgorica.

Divjak, Topic, Bahtijarevic & Krka has advised Hungarian financial enterprise Bohemian Financing and Topaz Zagreb on the mandatory public offer of shares of Croatian tourist company Hoteli Jadran.

Glatzova & Co. has helped Natland Bonds set up a bond program with the maximum nominal value of issued and outstanding bonds of CZK 1 billion.

WKB Wiercinski, Kwiecinski, Baehr has helped French aerospace company Safran Aircraft Engines SAS and Germany’s MTU Aero Engines AG obtain clearance from the Polish competition authority to form a joint venture.

Russia's Intellectual Capital law firm has persuaded the Moscow Arbitrazh Court that a requirement that participants in a Rosatom tender for legal counsel be ranked in Legal500 and Chambers & Partners was illegal and violated Russian competition law.

Motieka & Audzevicius has persuaded the Supreme Court of Lithuania to reverse the ruling by the Court of Appeals to dismiss the claims by bankrupt Lithuanian national airline company FlyLAL against airBaltic and the Riga International Airport and order the case returned for reconsideration.

Act Ban & Karika has helped Swiss-based Elpro, a manufacturer of environmental monitoring solutions for pharmaceutical, life science, biotech, and health care industries, establish its Hungarian office and implement relevant GDPR compliance procedures. 

Kinstellar has helped the Czech Banking Credit Bureau with an audit of its personal data processing activities, which the bureau was carrying out as the data processor of the Client Information Bank Register.

Serbia's JPM Jankovic, Popovic, Mitic has helped Xella implement GDPR best practices.

Rymarz Zdort has advised the founders of Archicom S.A. on their sale of 66.01% of the share capital and 65.99% of the votes to Echo Investment S.A. Dentons advised the buyer on the deal.

Sorainen has advised Fenner Dunlop, a part of the Michelin Group, on its acquisition of Technobalt Estonia.

Allocation of liabilities between the parties in merger and acquisition (“M&A”) transactions is of utmost significance, in order to ensure that the buyer will be sufficiently protected, and the seller’s liabilities limited as much as possible. Under Turkish laws, the sellers` liabilities are subject to the provisions of the Turkish Code of Obligations No. 6908 (“TCO”). Having said this, Turkish laws are not designed to save commercial parties from a bad bargain, thus the parties often resort to adding certain clauses to their share purchase agreements (“SPA”) such as representations and warranties, indemnities, amount-based restrictions such as de minimis and baskets clauses, setting forth specific procedures and time limits for claims, and so on. Accordingly, this article aims to provide a general understanding as to the sellers’ liabilities in M&A transactions, the general liability provisions most commonly used in SPAs, and how they are dealt with under the Turkish laws.

Rymarz Zdort has advised Polish energy group PGE on its entrance into a joint venture with Danish energy concern Orsted, involving the development, construction, and operation of the Baltica-3 Wind Power Plant with a capacity of approximately 1 GW and the Baltica-2 Wind Power Plant with a capacity of approximately 1.5 GW. Allen & Overy advised Orsted on the deal. 

Domanski Zakrzewski Palinka has advised EnerCap Power Funds on the sale of a 22 MW onshore wind farm in Scieki to Macquarie’s Green Investment Group, which was advised by Dentons.

Rymarz Zdort has advised Canada's Northland Power Inc. on the forming of a joint venture with PKN Orlen S.A. involving the preparation, development, and operation of an offshore wind farm with a total capacity of up to 1.2 GW.

Given the importance of human rights in general and children rights in particular, the European Union (the “EU”) has considered that the international treaties do not offer an adequate level of protection of minors during criminal trials, and therefore, a common legal framework is necessary.

Lesnodorski, Slusarek i Wspolnicy, working pro bono, has successfully represented journalist Polish Justyna Sliwowska-Mroz in her claims that an advertisement by Poland's Law and Justice party had violated her rights.

Cobalt, acting pro bono, has represented the "Association of LGBT and Their Friends Mozaika" as amicus curiae before the Constitutional Court of Latvia regarding the right of same-sex couples to parental leave.

Katarzyna Baranska has become Partner and Head of Infrastructure & Environment at Kochanski & Partners.

Havel & Partners has helped Sprava Zeleznic organize an international architectural competition to design the first Czech high-speed railway terminal.

CMS has advised BaltCap Infrastructure Fund on a public-private partnership construction of lighting in the municipality of Miedzno, in the Slaskie Voivodship in Poland. The project is worth PLN 22.4 million, making it the largest local government investment in street lighting under a public-private partnership in Poland.

Former Karanovic & Partners attorneys Luka Prelevic, Stefan Lucic, and Djordje Kuzmanovic have opened PLK Advokati for business in Podgorica.

Motieka & Audzevicius has persuaded the Supreme Court of Lithuania to reverse the ruling by the Court of Appeals to dismiss the claims by bankrupt Lithuanian national airline company FlyLAL against airBaltic and the Riga International Airport and order the case returned for reconsideration.

Noerr has advised the Aluminium Rheinfelden Group on the sale of its assets to Russian aluminum manufacturer RUSAL, in the form of an asset-reorganization deal.

Former Karanovic & Partners attorneys Luka Prelevic, Stefan Lucic, and Djordje Kuzmanovic have opened PLK Advokati for business in Podgorica.

What changes must employers expect with respect to employee alimentation, working from home, employee intragroup assignment, or employing teenagers before their completion of compulsory education? The latest amendment of the Slovak Labour Code introduces several changes, establishes a new ground for dismissal, and also significantly modifies the regulation of collective labour relations.

Ilyashev & Partners has successfully represented Volodymyr Mykolaiovych Isaienko in a dispute with the Ministry of Education and Science of Ukraine over his dismissal from the position of Rector of the National Aviation University. The case was heard by the Shevchenkivskyi District Court of Kyiv.

SPC Legal has provided assistance to UAB Caverion Lietuva related to its construction of a production facility for the Thermo Fisher Scientific Baltics expansion.

BGP Litigation has launched a Life Sciences & Technology practice, to be led by Partner Alexander Panov, who is joining the firm from the Pepeliaev Group.

Alexander Panov, Head of the Pepeliaev Group's Life Sciences practice, will be leaving the firm.

Russia's Intellectual Capital law firm has persuaded the Moscow Arbitrazh Court that a requirement that participants in a Rosatom tender for legal counsel be ranked in Legal500 and Chambers & Partners was illegal and violated Russian competition law.

Former Karanovic & Partners attorneys Luka Prelevic, Stefan Lucic, and Djordje Kuzmanovic have opened PLK Advokati for business in Podgorica.

Motieka & Audzevicius has persuaded the Supreme Court of Lithuania to reverse the ruling by the Court of Appeals to dismiss the claims by bankrupt Lithuanian national airline company FlyLAL against airBaltic and the Riga International Airport and order the case returned for reconsideration.

DWF Poland has helped Enter Air obtain PLN 287 million in financing under the Polish Development Fund's Financial Shield Programme for Large Companies.

SSW Pragmatic Solutions has advised 7R on its entrance into an agreement with Zabka for the construction of a logistics center in Radzymin, Poland. Greenberg Traurig advised Zabka on the deal.

The crossroads upon which Serbia finds itself has always been a coveted trading route, and the cause of many conflicts throughout history. Being located at such an important junction, it is of the utmost importance to invest into a transportation network, to seek constant improvements in this field, and to keep up with modern European growth. The General Master Plan for Transport in Serbia was adopted in 2009. However, the original period the plan was designed to cover – until 2027 – has now been extended and divided into three phases: short term (2021), medium term (2027), and long term (2033). The General Master Plan still serves as the platform for both major future and ongoing transportation and transportation-related projects.

KLC has advised SRH Marine SAIT on its agreement with Tototheo Maritime to form a new jointly-owned company, MAR360. 

Akol Law has advised Global Ports Holding on the sale of 99.9% of its stake in Port Akdeniz to QTerminals. Kolcuoglu Demirkan Kocakli, reportedly working with Clyde & Co as the coordinator on the deal, advised QTerminals.

Lawyers from Clifford Chance's Istanbul office were on a multi-office team advising private equity group CVC Capital Partners on the acquisition by CVC Fund VII of the Turkish, Greek, Croatian, Montenegrin, and UAE businesses of D-Marin from Turkey's Dogus Group. Sullivan & Cromwell advised the sellers on the deal.

Allen & Overy has advised W.A.G. Payment Solutions on an unspecified investment in the Netherlands-based Last Mile Solutions. Nordbruis Clement reportedly advised the Last Mile Solutions on the deal.

B2RLaw has advised FinTech company SMEO on a transaction involving the injection of capital into the company by Finch Capital and Precapital. Kondracki Celej advised Finch Capital and KKPW Kaczor Klimczyk Pucher Wypior advised Precapital on the PLN 21 million investment round.

Schoenherr has advised Linz-based start-up Storyblok on its EUR 7 million Series A financing round. Mubadala Capital, the state investment company of the United Arab Emirates, participated in the current financing round, as did existing investors 3VC and Firstminute Capital, Binder Groesswang advised Mubadala Capital on the deal.

Baker McKenzie has advised the Goal Number Seven association on the launch of the international renewable energy certificates system in Russia. The firm provided its services on a pro bono basis.

Gowling WLG has become a pro bono legal advisor to the Multimedia Art Museum in Moscow.

Lesnodorski, Slusarek i Wspolnicy, working pro bono, has successfully represented journalist Polish Justyna Sliwowska-Mroz in her claims that an advertisement by Poland's Law and Justice party had violated her rights.

Rymarz Zdort has advised the founders of Archicom S.A. on their sale of 66.01% of the share capital and 65.99% of the votes to Echo Investment S.A. Dentons advised the buyer on the deal.

Former Karanovic & Partners attorneys Luka Prelevic, Stefan Lucic, and Djordje Kuzmanovic have opened PLK Advokati for business in Podgorica.

SPC Legal has provided assistance to UAB Caverion Lietuva related to its construction of a production facility for the Thermo Fisher Scientific Baltics expansion.

First reports under DAC6 were due recently from those who are parties to a cross-border transactions. Concurrently, at the last possible moment, the Hungarian Ministry of Finance published a Guide on certain issues related to the fulfilment of the reporting obligation. It is advisable, in particular, for accountants, consultants, lawyers and banks to carefully study this 38-page document, as any of them could easily fall within the scope of the reporting obligation.

In the last decade, the amount of minimum wage and the guaranteed minimum wage has been rising year by year. However, the process of determining the minimum wage in 2021 was different from previous years in two ways: firstly, the agreement on the wage, after 7 negotiation sessions, was not reached by the end of December 2020, therefore, after reaching agreement at the end of January 2021, the new minimum wage figures are in effect from 1 February 2021, and secondly, the increase was lower as seen before in the last years.

Cobalt has successfully persuaded the Administrative Department of the Supreme Court Senate of Latvia to deny the appeal of the State Revenue Service of a decision by the District Administrative Court to revoking a decision by the State Revenue Service against the firm's client, SIA Lielzeltini.

Dentons, reportedly working with Law & Trust, has advised Slovak businessman Ivan Chrenko on the sale of his stake in Exponea to the US-based BloomReach e-commerce digital platform. Ferro Legal and Blumenfeld Legal advised Exponea, and Wilson Sonsini and Taylor Wessing reportedly advised the buyer on the deal.

CMS has advised BeeIN on its successful participation in a two-phase public tender to obtain access to 5G frequencies organized by the Communications Networks and Services Agency of the Republic of Slovenia.

Buzescu Ca has advised US web search company Algolia on its acquisition of the Romanian subsidiary of AI tech company MorphL AI, which was advised by the US's Polsinelli law firm. Orrick Herrington & Sutcliffe advised Algolia on US law matters.

On January 12, 2021, the Supreme Court of the Slovak Republic confirmed the verdict delivered by the Specialized Criminal Court in February 2020 on the forging of four promissory notes of private television broadcaster TV Markiza. Businessman Marian Kocner and former minister Pavol Rusko, a onetime owner of TV Markíza, were accused of forging the promissory notes and using them to demand EUR 69 million from the television station. Both Kocner and Rusko were convicted of forging the promissory notes and were each sentenced to 19 years’ imprisonment. Dentons' Litigation team in Bratislava represented TV Markiza in the case.

Magnusson has represented special purpose companies Envst United Action, KTZL Action Group, MNTHR Action Group, and more than 2000 international and local investors in their fraud claims against three crowdfunding platforms before a court in Estonia.

The Circuit Court of Tallinn, acting on a motion made by Magnusson Estonia’s Attorney-at-Law Martin Hirvoja, has ordered the Estonian Central Prosecution Office to initiate a criminal investigation into the leak of files from the Danske Bank money-laundering case.