CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Dentons has advised Italian footwear manufacturer MGM on its acquisition of the Rekord Group in Romania. Italy's Advant Nctm reportedly advised Clessidra Capital Credit and co-investors SIP, Smart Capital, and Brixia Finanziaria on supporting the acquisition.
On November 15, 2022, CMS announced that J&T and Concens Investments’ sale of their Ostrava logistics assets to EQT Exeter (reported by CEE Legal Matters on January 19, 2022) had closed.
Dentons has advised Belgium-based real estate developer Codic on the development of the Green Court multifunctional project in Budapest and on its EUR 77 million sale to Groupama Gan REIM. CMS reportedly advised Groupama.
Baker McKenzie has advised the Szechenyi Funds and Lead Ventures on the sale of their shares in aiMotive to Stellantis in a transaction that saw Stellantis acquire aiMotive. Dentons reportedly advised Stellantis.
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Havel & Partners has worked on 25 Czech client matters so far this year – more than any other law firm?
On November 25, 2022, Divjak Topic Bahtijarevic & Krka announced that Entain’s acquisition of the SuperSport Group from Emma Capital (reported by CEE Legal Matters on August 18, 2022) had closed.
Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Ace Games on a USD 25 million investment from Playtika. Baker McKenzie Turkish affiliate Esin Attorney Partnership reportedly advised Playtika.
Norton Rose Fulbright has advised Panattoni on the construction of an 87,300 square-meter built-to-suit facility for Tedi and subsequent sale of the asset to Tedi affiliate HH Immo. Dentons advised Tedi on the acquisition.
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Kinstellar Bucharest Managing Partner Victor Constantinescu has worked on 12 reported Real Estate deals in Romania over the past nine years – the most of any lawyer in the country?
Foundations, along with associations, are the most widely chosen legal form for Polish non-governmental organizations (NGOs). Due to the specific nature of their relationships with the state, doubt may sometimes arise as to whether foundations may be legally obliged to organize tender proceedings. This is because the Public Procurement Law (PPL) does not list foundations among other types of entities which may act as ‘contracting authorities’. Does this mean that no foundation under any circumstances will ever have to observe public procurement laws? Naturally, this question can only be answered in the negative, as in some cases a foundation may acquire ‘contracting authority’ status under the above-mentioned laws.
Dentons has successfully represented Mariano Ruiz and his husband Jakub Sanko, on a pro bono basis, before the Regional Court in Zilina in residential proceedings.
Due to rising energy prices more and more employers are considering continuing or (re)introducing the home office (i.e. (partial) teleworking), previously introduced out of necessity, where workloads allow and now on the basis of cost efficiency. For the time being, the rise in energy prices does not seem to have discouraged employees from teleworking, and in many places the possibility of teleworking has become an expectation of employers.
Sorainen has advised Deutsche Bank and JP Morgan on the Republic of Lithuania’s EUR 1.2 billion international capital markets bond issuance. TGS Baltic and, reportedly, Dentons advised the Republic of Lithuania.
Poland has been experiencing a boom in its renewable energy sector – with work originating from the auction support system and also from corporate PPA transactions – which is flowing over to other market segments, according to Dentons Partner Christian Schnell.
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Clifford Chance worked on the most reported deals in CEE during the worst of the COVID-19 pandemic, from April 1, 2020, through January 1, 2022? In fact, the Magic Circle stalwart worked on an impressive 51 reported deals in CEE during that period – more than any other firm.
Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Qnbeyond Ventures on its investment in FirstBatch.
Former Musat & Asociatii Partner Liviu Togan has joined Dentons’ Bucharest office as Head of the newly launched White Collar practice. Also joining together with Togan is Senior Associate Cosmin Cretu.
With the war in Ukraine raging for more than six months, law firms across the region have reported increased workloads in corporate and M&A, tax, employment, immigration law, and inquiries on the sanctions regimes in relevant jurisdictions, noting that companies from Ukraine, Russia, and Belarus are variously looking for a new home. Whether to avoid sanctions or escape the war, those companies consider a variety of factors in determining where to go.
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Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, 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.