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Egorov Puginsky Afanasiev & Partners, reportedly working alongside Clifford Chance, has advised Citigroup Global Markets Limited and Raiffeisen Bank International AG as joint lead managers on the issuance and placement of Belarus's JSC Development Bank's corporate Eurobonds totaling USD 500 million. Vlasova Mikhel & Partners advised JSC Development Bank on matters of Belarusian law and Baker McKenzie advised the bank on U.S. and English law.

Biris Goran has advised Global Vision on its agreement with Globalworth to develop a EUR 35.5 million logistic project in the southeastern Romanian town of Chitila. Nestor Nestor Diculescu Kingston Petersen advised Globalworth on the deal.

CEE Attorneys in Romania has advised EshopWedrop Group, the B2C service of Xpediator Plc., on signing a franchise agreement with TMM Express in Poland.

Schoenherr has advised South Korean investment fund KTB Investment & Securities and its subsidiary KTB Asset Management on the acquisition of 100% of Liegenschaftsbesitz GmbH from GENO Saturn Tower/T-Center Immobilien beteiligungs holding GmbH & Co.OG and BEGO-ZWP GmbH. The sellers were advised by DSC Doralt Seist Csoklich.

Nektorov Saveliev & Partners was assigned the bondholder representative for the issuance of three million non-convertible interest-bearing certificated exchange-traded bonds of PAO AKB Avangard.

Zieba & Partners has advised Skanska Residential Development Poland on the acquisition of two real estate properties for a combined amount of PLN 70 million.

Kinstellar has advised Genesis Private Equity Fund II on the sale of its majority stake in KS Klima-Service to TROX GmbH, giving the German-based global producer of air handling equipment and filters 100% ownership of the company.

Glatzova & Co. has advised J&T Banka a.s. and J&T IB Capital Markets a.s. on preparation of the CZK 300 million book-entry bonds issue. The issuer is Natland, a residential investment fund with variable basic capital.

The Warsaw office of Hogan Lovells has advised the ISOC Group on the acquisition of three class A Business Garden Wroclaw I office buildings from Vastint Polska. Magnusson advised the seller on the deal.

Former Salomonowitz Horak Co-Founder Michael Horak will join Binder Groesswang's Vienna office as Counsel on June 1, 2019.

Former Noerr Associate Partner Arkadiusz Ruminski has joined SSW Pragmatic Solutions as a partner and a head of the firm’s newly-established German desk.

Former Karanovic & Partners lawyer Milinko Mijatovic has joined Gecic Law as Head Dispute Resolution.

Eva Kohoutova has joined GSK as its new Legal Manager for Central & Eastern Europe.

Turkish lawyer Ceren Kartari has become Associate General Counsel at Facebook, working in London.

Bogdan Bunrau, Diana Ispas, and Raluca Voinescu have been promoted to partner at Bondoc si Asociatii.

Marius Liatukas has been elected Managing Partner at Magnusson in Lithuania, taking over from Ligita Ramanauskaite, who managed the firm since 2010.

Ukrainian lawyer Alla Kozachenko has joined DLA Piper's global partnership, bringing the total number of partners in the firm's Kyiv office to eight.

Ksenia Litvinova has been promoted to partner at the Pepeliaev Group.

As a first-generation lawyer I did not have a profound career perspective when I graduated from law school in the early ‘90s. I saw a job ad in a newspaper – “International law firm looks for junior lawyers” – and even though I had no clue what an “international law firm” was, I had nothing to lose, so I thought it would be worth seeing how a real job interview worked. In the end I was selected and I decided to stay … and I have never regretted that decision.

Although I am a bit old to claim that my generation has two birthdays – a natural one and an Internet one – I believe, for that same reason, that we have the experience to assess progress in respect of ongoing digitalization trends.

National Assembly of the Republic of Serbia adopted the Law on amendments to the Law on foreigners and the Law on amendments to the Law on the employment of foreigners.

Bulgarian anti-money laundering law requires that companies and other entities having their seat in Bulgaria register their ultimate beneficial owner(s). The registration is mandatory, and the deadline for registration is approaching. These obligations arise from the Bulgarian Anti-Money-Laundering Measures Act (2018) transposing Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 (4th AML Directive) into national law.

Following the adoption of the new EU framework for screening of foreign direct investments (see Schoenherr Newsletter 13.03.2019), the Austrian government recently published a draft bill to amend the current rules on foreign direct investments (FDI) into Austria. This draft is currently under review and shall enter into force in summer 2019.

Croatia introduced significant changes to the Companies Act and the Court Register Act on 20 April 2019 with the main goal of easing the incorporation of (simple) limited liability companies ("ltd companies").

In March 2019 the Commission for the Protection of Competition (CPC) cleared the acquisition of Nova Broadcasting Group AD (Nova TV) by Advance Media Group EAD, which is owned by the well-known Bulgarian businesspeople Kiril and Georgi Domuschievi. On this decision, Nova's previous owner, Swedish entertainment company Modern Times Group (MTG), was finally able to sell the TV network and exit the Bulgarian market, after having been prohibited from doing so by the CPC in July 2018.

„Hungary opposes the introduction of the common corporate income tax base, or a new type of VAT in the European Union, and insists on keeping its competitive tax system” said Hungarian Minister of Finance Mihály Varga in Bucharest at an informal meeting of the European Union’s Financial Ministers on 5 April 2019.

More than a thousand companies have decided to perform the corporate income tax as a member of a so-called corporate taxpayer group, which may result in a total savings of HUF 15 billion for the companies. One of the greatest advantages of the corporate taxpayer groups is the offsetting of positive and negative tax bases, better use of tax incentives, and the non-applicability of transfer pricing rules.

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"You know that there are quite a lot of things happening in Ukraine now,” says Vadim Medvedev, Partner at Avellum in Kyiv, who begins by talking about the recent election in April of Volodymyr Zelensky to the Ukrainian Presidency. “Everyone is looking forward to the inauguration to see what changes in policies may follow, Medvedev says, while pointing out that, although Zelensky has asked for May 19, the specific date has not been scheduled yet. He explains that outgoing President Petro Poroshenko was considered to be a “'business-as-usual' candidate,” but the business community is uncertain about Zelensky’s plans, “as there are a lot of gray areas and open issues with respect to his policies and programs — it’s simply unclear.”

In honor of CMS Budapest’s 30-year anniversary – the Pearl anniversary, formally, in the city often called the Pearl of the Danube – we reached out to several of the prominent partners to learn a bit more about the changes they’ve seen over the years, and the practices they manage.

Miljan Malovic is the Head of the Business Legal Advisory Office of Banca Intesa Belgrade. He graduated from the Faculty of Law at the University of Belgrade in 2001, and joined Banca Intesa in 2006.

On January 17, 2019, CEE Legal Matters reported that Finland's Caverion Emerging Markets Oy had sold its Czech subsidiary to KART spol., a member of the CEZ Group. We reached out to Ville Ojanen, Caverion's VP Strategy and M&A, for comment.