CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Between new consumer class action laws to anticipated reforms in employment regulations, Dentons Czech Republic Co-Managing Partner Ladislav Smejkal highlights reports on how the evolving legal framework could significantly impact businesses, particularly in sectors where consumer protection is paramount.
Schoenherr has advised eSky Group on the financing of its acquisition of Thomas Cook from Fosun Tourism and Culture Group. Deloitte Legal reportedly advised Bank Polska Kasa Opieki and mBank. Reportedly, Dentons' UK office advised eSky Group on the acquisition and Reed Smith advised the sellers.
TGS Baltic, working with Dentons, has advised Siauliu Bankas on a EUR 300 million issuance of 4.25-year senior preferred fixed-rate reset notes. Linklaters and Sorainen reportedly advised the arrangers.
Dentons has appointed Partner Mark Segall as the new co-head of the Banking and Finance practice in Poland. He will lead the department alongside Partner Bartosz Nojek.
Norton Rose Fulbright has advised Nedbank Limited on the refinancing of EPP Group's retail real estate portfolio, focusing on the Power Park Olsztyn shopping center in Olsztyn, Poland. Dentons reportedly advised EPP. CMS reportedly advised mBank as the existing lender.
The European Union lawmakers have completed the group of many sustainability and circularity-focused initiatives introduced during the last legislative cycle. The Corporate Sustainability Due Diligence Directive (CSDDD) is a significant step towards promoting sustainable and responsible business practices and more transparent company operations. This Directive completes the Corporate Sustainable Reporting Directive (CSRD) from December 2022, which updates the process of how and what companies report in their non-financial statements, according to European sustainability standards.
On August 13, 2024, the Cabinet Ministers of Ukraine (CMU) adopted important resolutions which will accelerate the deployment of renewable energy sources (RES) and distributed generation in Ukraine, namely:
On August 13, 2024, the CMU adopted Resolution N 757-р On some issues of pilot auctions for the allocation of the support quota in 2024 (the “Auction Quota Resolution”).
On August 13, 2024, the CMU adopted Resolution N 756-р On some issues related to the contest for the construction of generating capacity and the implementation of demand-side management measures (the “Contest Conditions Resolution”) setting forth the following conditions for the construction of generating capacity:
On 1 July 2024, the long-awaited Act on Collective Civil Proceedings (the Class Actions Act) entered into force, allowing consumers and small entrepreneurs to pursue their claims in court together through a class action.
Norton Rose Fulbright has advised Panattoni Europe on the construction of a built-to-own facility in Czeladz, to be developed for Compal. Dentons advised Compal.
Clifford Chance has advised KKCG's IT pillar on the integration of the acquisition debt, following the acquisition of Avenga Group, into the group's umbrella financing.
Dentons has advised Loconi Intermodal on the sale of a majority stake to PSA Baltics. DLA Piper advised PSA Baltics.
Dentons has successfully represented an unlawfully sterilized woman in administrative court proceedings against the Ministry of Health of the Czech Republic regarding a denied claim for compensation and subsequent appeal on a pro bono basis.
A&O Shearman has advised NORD/LB on its EUR 109 million financing for two GoldenPeaks Capital solar farm portfolios. Dentons reportedly advised GoldenPeaks.
In response to the extensive destruction caused by Russia to Ukraine’s critical energy infrastructure, the Ukrainian government continues to implement emergency measures to restore energy-generating capacities and ensure energy stability across the country.
The EU’s Al Act (Regulation 2024/1689) enters into force today, August 1, 2024. The groundbreaking Act is designed to ensure that AI systems are safe, transparent, and governed by rules that protect fundamental rights. The Act categorizes AI applications into risk-based tiers, with each tier subject to different levels of regulatory scrutiny and compliance requirements.
Dentons has advised the EBRD on an equity investment in Arobs Transylvania Software. Filip & Company advised Arobs.
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Dentons is one of the leading law firms in CEE and Central Asia with offices in Warsaw, Prague, Budapest, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.