DLA Piper has advised the Government Debt Management Agency (AKK), acting on behalf of the Republic of Hungary, on an international syndicated revolving credit facility agreement for a total amount of EUR 1.5 billion with 13 undisclosed Hungarian and international banks. CMS advised the coordinating banks.
Martina Gavalec and Natalia Janoskova Promoted to Partner at CMS
CMS has promoted Martina Gavalec and Natalia Janoskova to Partner at the firm’s Slovakia office.
CMS and Taylor Wessing Advise on EGLS Founders Holding's Partnership with Kamco Invest for European Logistics Platform
CMS has advised EGLS Founders Holding on its partnership arrangements with Kamco Invest centering on European Green Logistics Space. Taylor Wessing advised Kamco Invest.
TGS Baltic Advises Clear Channel Outdoor Holdings on USD 625 Million Sale of Europe-North Business to Bauer Media Group
TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.
CMS Advises AEW on Sale of Myslbek to Max Realitni Fond SICAV
CMS has advised AEW on the sale of the Myslbek office and retail project to Max Realitni Fond SICAV.
The Debrief: January, 2025
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
The Corner Office: New Practice Development Strategy
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around we turn our attention to setting up new practices and ask: When launching a new practice, what is your go-to strategy – do you look at internal team members to spearhead it, or are you more likely to turn to lateral hires? Why?
Croatia: TUPE Regulations in Light of Supreme Court of the Republic of Croatia’s Recent Practice
The Transfer of Undertakings (Protection of Employment) Regulations (TUPE Regulations) were incorporated in their current form into the laws of the European Union (EU) with Directive 2001/23/EC of March 12, 2001 (TUPE Directive), with Croatia ensuring its transposition in its legal system via the Labor Act (albeit with a few missed opportunities). Although TUPE Regulations are relatively simple to comprehend, with the main goal being the protection of employee rights in the event of a transfer of an undertaking, business, or part of an undertaking or business as a result of a legal transfer or merger, their application in practice raises many questions to which statutory provisions of Croatian law do not provide an answer.
E+H and CMS Advise on ECOwind's Sale of Baerofen Wind Park to Puespoek
E+H has advised ECOwind on its sale of the Baerofen wind park to Puespoek following an auction process. CMS advised the buyer.
Spasov and Bratanov and CMS Advise on IFC and Raiffeisenbank International's EUR 90 Million Financing for R Engineering
Spasov and Bratanov, working with Clifford Chance, has advised the International Finance Corporation and Raiffeisenbank International on the EUR 90 million financing for R Engineering to construct a solar power park. CMS advised R Engineering.
Wolf Theiss and CMS Advise on Erste Group Bank's EUR 750 Million Notes Issuance
Wolf Theiss has advised Erste Group Bank on the successful issuance of EUR 750 million fixed to floating rate green preferred senior notes due 2033. CMS, working with Linklaters, advised the international banking syndicate working on the issuance including Danske Bank, Erste Group, Landesbank Baden-Wuerttemberg, Landesbank Hessen-Thueringen, Societe Generale, and TD Global Finance.
CMS and Forgo, Damjanovic & Partners Advise on K&H Bank's Refinancing of Obton Group PV Portfolio
CMS has advised K&H Bank on the refinancing of the solar portfolio consisting of Obton Group PV plants situated on 15 different locations across Hungary, with a total installed DC capacity of 71.107 megawatts. Forgo, Damjanovic & Partners reportedly advised Obton Group.
CMS, Kinstellar, and White & Case Advises on D4 Highway PPP
CMS has advised the Via Salis consortium, comprising Vinci and Meridiam, on the D4 highway public-private partnership project in the Czech Republic. Kinstellar, working with Linklaters, advised the financing banks. White & Case advised the Ministry of Transport of the Czech Republic.
TGS Baltic Advises Helix Kapital on Sale of Shares in Spring Media Group to Two Circles
TGS Baltic, working with Vinge, has advised Helix Kapital on the sale of its shares in the Spring Media Group to Two Circles. The transaction also involved a buyout of local minority shareholders in SIA 4.vara who were advised by TGS Baltic and CMS' Stockholm office. Sorainen and Latham & Watkins reportedly advised Two Circles.
CMS Advises Toshiba on Chaira Hydro Complex Repair and Rehabilitation Agreement
CMS has advised Toshiba International on a repair and rehabilitation agreement with the Bulgarian state-owned National Electricity Company for the pumping storage hydro power plant Chaira Unit 1.
CMS Advises COBI on Sale of 40% Stake to Resource Partners
CMS Poland has advised COBI and its founder on the sale of a 40% stake to private equity fund Resource Partners. Baker McKenzie reportedly advised Resource Partners.
Closing: MidEuropa's EUR 1.3 Billion Sale of Profi to Ahold Delhaize Now Closed
On January 3, 2025, RTPR announced that MidEuropa's EUR 1.3 billion sale of Profi to Ahold Delhaize (as reported by CEE Legal Matters on November 1, 2024) has now closed.
CMS Advises ABB on Investment in ESS
CMS has advised ABB on its investment in Engineering Software Steyr.