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In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As we bid farewell to 2023, this time around we turn our attention forward: What is your one main wish for 2024 and what do you see as the biggest potential risk?

In The Inside Track, General Counsels across CEE share the nuances of their roles, challenges, and strategies for success. Since now is the time when plans for next year are made (and budgeted for) this time we asked GCs: Is your in-house legal function’s budget increasing, decreasing, or remaining the same in 2024?

In our Looking In series, we talk to Partners from outside CEE who are keeping an eye on the region (and often pop up in our deal ticker) to learn how they perceive CEE markets and their evolution. For this issue, we sat down with Slaughter and May Partners Jonathan Marks and Richard Jones.

In a time of economic turmoil, company directors and owners focus on maintaining their businesses as going concerns, ensuring financial stability, and managing relationships with their creditors, contractors, and employees. When necessary, that includes considering strategic debt management options. On the other hand, creditors and contractors concentrate on properly assessing and understanding the risks associated with a dynamically changing commercial environment, evaluating their strategies toward clients, and implementing adequate safeguards and responses to emerging threats.

Norton Rose Fulbright has advised PKO Bank Polski, EBRD, ING Bank, Credit Agricole, Santander, Bank Pekao, mBank, and PZU on their PLN 2.8 billion syndicated refinancing of Fiberhost, INEA, and their associated companies. Clifford Chance advised the borrowers.

Clifford Chance has advised Northrop Grumman on executing an offset agreement – covering eight different projects and valued at over PLN 300 million – with the Polish State Treasury as part of the implementation of Phase II of the Wisla air/missile defense program.

Former Deloitte Legal Partners Ryszard Manteuffel and Robert Semczuk have joined the CMS Corporate/M&A practice in Poland as a Partner and a Counsel, respectively.

MJH Moskwa, Jarmul, Haladyj has advised a consortium of investors including Smyk Management Board President Michal Grom, Maciej Zuzalek, and an Accession Capital Partners-managed private equity fund on the management buyout of Smyk from the Bridgepoint private equity fund.

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