CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Although the term ESG (Environmental, Social, and Governance) has been around for years, its full application is still quite daunting. Companies face the challenge of integrating ESG values into their strategy, operations, and decision-making processes in order to respond to the increasingly influential voice of stakeholders: citizens, consumers, NGOs, governments, and investors.
Dentons has advised private investment firm B-Flexion and the Affidea Group on the sale of Affidea to Groupe Bruxelles Lambert. Kirkland & Ellis reportedly advised the buyer.
Rymarz Zdort has advised the Play Group on its acquisition of a 92.5% stake in Redge Technologies from Custodia Capital. Dentons reportedly advised Custodia.
Dentons has advised Raiffeisen Bank on a USD 200 million five-year syndicated green loan facility for Volta Energy Solutions Hungary. Kinstellar advised the borrower.
Although in most respects the law firm business in Central Europe is on par with other sophisticated practices in the rest of the world, coaching is one thing that has not been as widely adopted as elsewhere. This article addresses the questions of what coaching is, what it offers lawyers and law firms, and whether it should be more widely embraced by the legal profession in Central Europe.
Dentons has advised the Dr. Max Group on its EUR 940 million loan for the refinancing of its bank debt and further growth. UniCredit Bank Czech Republic and Slovakia and Komercni Banka led the 14-bank strong consortium. White & Case advised the banks.
While Polish public entities continue to express an ever-increasing interest in public-private partnerships (PPP) as a method of discharging public tasks, PPP activity has remained disappointingly slow in recent years. As can be seen from the 2009-2021 PPP Market Report by the Ministry of Regional Funds and Policies, just 24 procedures to select a private partner were launched in 2021, with PLN 627 million on the table, resulting in a paltry ten PPP contracts signed, worth PLN 172 million all told.
For the past decade, to boost its long-term economic outlook and service the needs of the growing population, Turkey has used the public-private partnership model extensively in the infrastructure sector.
By most counts, 2021 was a successful year for the Romanian M&A market. Tuca Zbarcea & Asociatii Deputy Managing Partner Stefan Damian, Nestor Nestor Diculescu Kingston Petersen Partner Gabriela Cacerea, Dentons Managing Partner Perry Zizzi, and Wolf Theiss M&A Partner Ileana Glodeanu have many reasons to believe 2022 could be a good year as well, but also quite a few to expect a slowdown in activity.
Dentons has advised Asseco Group company Asseco SEE on its acquisition of a majority stake in Bithat Solutions. Ionescu & Sava advised the seller.
ODI Law has advised REDI Development on a EUR 1 million term loan to microcredit foundation Horizonti Skopje. Dentons Luxembourg reportedly advised REDI as well.
Clifford Chance has advised Europa Capital on the acquisition of the D2 Logistics Park project together with partner White Star Real Estate. Dentons advised the undisclosed seller.
Radu Taracila Padurari Retevoescu has advised the Engie Group on its sale of an 80% stake in Flashnet to the Lucy Group. Dentons advised the buyer.
Greenberg Traurig has advised Invesco Real Estate on the sale of a logistics park in the vicinity of the Gdansk international airport to EQT Exeter.
Dentons has successfully represented Bibus Metal’s Romanian subsidiary Bibus SRL in a customs dispute before the Ploiesti Court Appeal in Romania.
Contributed by Dentons.
Dentons has advised GeneProof founders Radek Horvath and Milos Dendis on the company's merger with the American Laboratory Products Company, leading to the establishment of the ALPCO Group. Glatzova & Co and Sidley Austin advised the Silicon Valley Bank on financing the merger. Goodwin Procter and Schoenherr reportedly advised Ampersands, the owner of ALPC.
Dentons and TGS Baltic have advised the Republic of Lithuania on the EUR 650 million issuance of 2.125% notes due 2032, pursuant to the country's Euro Medium Term Note Program. Sorainen advised underwriters Barclays and BNP Paribas. Reportedly, Freshfields Bruckhaus Deringer advised the underwriters as well.
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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.