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Attendees to the 2019 CEELM Winter Party were cornered, over the course of the evening, and asked, without warning or an opportunity to prepare, what achievement over the past 12 months they were proudest of.

Sanctions imposed by the U.S.A, the EU, and other jurisdictions in relation to certain Russian individuals and legal entities have had a substantial impact on international arbitration involving Russian parties. There exist serious concerns as to the ability of sanctioned Russian parties and their contractual counterparts to realize their right to defend themselves in the course of arbitration proceedings. These concerns have led to changes in market practice regarding the choice of the arbitration forum and to some legislative proposals in Russia that, if implemented, would have a dramatic impact on international arbitration involving Russian parties.

The legal environment in Poland has changed substantially over the last three years as a result of changes instituted by the conservative Law and Justice government. How can investors navigate their way through increasing regulatory pressures?

Adam Mycyk, a Ukrainian-American from the United States, is a partner in Dentons’ Kyiv office, and he has nearly 25 years of experience advising both Ukrainian and international companies, banks, investment banks and a range of other financial institutions and investors.

In 2013 the SNR Denton, Fraser Milner Casgrain, and Salans law firms merged into one entity: Dentons. The firm capitalized on its momentum by merging two years later with China’s Dacheng law firm, making it the largest law firm in the world. On the occasion of the firm’s 5th anniversary, CEE Legal Matters reached out to Dentons Partner and Europe Chief Executive Officer Tomasz Dabrowski in Poland and Dentons Partner and Global Vice Chair Evan Lazar in Prague to ask about the first five years and to see what’s next in Denton’s strategy for Europe and CEE.

With the ongoing commitment to reform and opening to the outside world and the steady implementation of the Belt and Road initiative, the percentage of China’s entire trade regime accounted for by international technology is growing larger and larger. International technology licenses are among the major forms of technology trade between countries. Due to the differences in legal systems, legal regimes, and legal cultures of the various trade participants, lawyers are highly encouraged to pay particular attention to the following issues when drafting and reviewing international technology agreements.

Chinese investors and developers are expanding their footprints in Europe, focusing often on green technology and opportunities in the solar, hi-tech, and automation industries, as well as highly-publicized infrastructure development tenders. Over the years, the amount of Chinese investment has increased, as has the number of Chinese professionals settling in CEE to facilitate Europe-China relations and bridge differences in culture, expectations, and styles. In September, 2018, CEE Legal Matters sat down at the Dentons office in Budapest with three Chinese lawyers to learn about their experiences working on the ground in CEE.

The Prague-based European Centre for Career Education focuses on providing students a practical and complimentary education, focusing on kinds of practical experience and inspiration they rarely receive in their university studies. After they complete the program, ECCE helps participants obtain useful internships with companies such as Siemens, Unicredit, Exxon Mobile, T-Mobile, and Lego, and with law firms including DLA Piper, Clifford Chance, Allen & Overy, and Dentons.

In its most recent annual report, the Czech Competition Authority stated that the investigation of bid-rigging cartels would be its highest priority. The issue of bid rigging is a hot topic that has attracted the attention not only of the CCA, but also that of the Czech police and public prosecutors, who have been very active in investigating bid-rigging cartels in recent years.

The Ukrainian competition authority focuses on investigating the status of competition in different markets in Ukraine. They are empowered to do this either by sending written requests to companies or by performing on-site inspections (e.g., dawn raids).

I started my legal career back in 1993 as a student clerk, and over the past 25 years I have literally grown up with the firm. I’ve had the pleasure of advising clients during some of the most exciting periods in Czech history – from the “Wild Wild East” of the nineties, to EU accession, through the global financial crisis and recovery.

The Deal: On October 4, 2017, CEE Legal Matters reported that Dentons’ Bratislava office had advised CNIC Corporation Ltd., an investment company owned by the Chinese government, on its acquisition of Prologis Park Galanta-Gan in Slovakia – which Dentons described as “the largest logistics asset, both by area and investment volume, ever sold in the CEE region” – from Prologis, and that Kinstellar had advised Prologis on the deal.

On January 11, 2018, CEE Legal Matters reported that Dentons advised the London branch of UniCredit Bank AG and MUFG as coordinators on a EUR 750 million revolving credit facility provided by a group of 13 banks to MOL Plc, the Hungarian multinational oil and gas company. CMS advised MOL on the deal, which represented the largest financing deal in Hungary in 2017.

According to experts, Ukraine ranks fourth in the world in export of IT-products; i.e., software. It is not a rare phenomenon for Western counter-parties buying software to encounter a low level of pre-sale clearance. In other words, the Ukrainian sellers are not always able to confirm their title rights to the software they dispose of, potentially exposing foreign buyers to the risk of IP-related claims of third parties.

The Hungarian real estate and housing market is experiencing golden days. Although the market took a serious hit during the financial crisis in 2008, today enormous sums are again being invested in office buildings, shopping malls, hotels, residential areas, and retail. In order to map the underlying reasons behind the market’s boom, and to better understand how the country is dealing with the high demand for development lands and properties, CEE Legal Matters sat down with six Hungarian lawyers specialized in Real Estate & Construction and a Legal Counsel from Prologis, a Real Estate & Supply Chain Logistics company. 

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

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.

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