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CMS has advised AFI Europe on its EUR 300 million acquisition of four Class A office projects in Romania from NEPI Rockcastle. The sellers were advised on the transaction, which is reported by CMS to be "one of the biggest in CEE and the largest-ever for the Romanian real estate market," by Herbert Smith Freehills and Reff & Associates, the Romanian member firm of Deloitte Legal.

Noerr had advised Papierfabrik Adolf Jass GmbH & Co. KG on the acquisition of 100% of shares in the share capital of Convert PL sp. z o.o., owned by Ostoja I Fundusz Inwestycyjny Zamknięty Aktywow Niepublicznych, a closed-end investment fund backed by the Giermaziak family. Convert PL was advised by Deloitte Legal on the transaction, which closed on December 5, 2019.

Former Wolf Theiss Poland Co-Managing Partner Ron Given has joined Deloitte Legal as its CE Senior Legal Counsel, responsible for all of the firm’s offices in 19 Central and Eastern European countries.

In “The Corner Office” we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: What was the most difficult or unpleasant experience you had terminating someone’s employment?”

The fiscal aspects of the hydrocarbon sector in Albania will be soon governed by a new law. The new draft “On the Fiscal Regime for Petroleum Operations” law (the “New Draft Law”) was initially published in the Electronic Register of Public Announcement and Consultations on April 4, 2019 and has been circulated for comment among stakeholders, chambers of commerce, and experts’ associations in Albania.

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