Kinstellar has helped the Business Lease Group B.V. and its CEE subsidiaries obtain a EUR 242 million refinancing loan in the Czech Republic, Hungary, Romania, and Slovakia from a syndicate of ABN Amro Bank N.V., ING Bank N.V., and Cooperatieve Rabobank U.A. Clifford Chance reportedly advised the lenders.
On November 18, 2020, CEE Legal Matters reported that Hamala Kluch Viglasky had advised Slovakia's Budamar Logistics on the formation of a joint venture with Austria's Innofreight Consulting & Logistics. CEEIHM spoke with Lubomir Loy, Director for Sales and Marketing and Member of the Board of Directors at Budamar Logistics, to learn more about the deal.
One could argue that transparency and safeguard regulations in related-party transactions of companies should be well established and should not be an issue in M&As in the current environment. However, this is not the case with Section 59a of the Slovak Commercial Code, which found its way into the Code via the implementation of the Second Council Directive 77/91/EEC.
Dentons, reportedly working with Law & Trust, has advised Slovak businessman Ivan Chrenko on the sale of his stake in Exponea to the US-based BloomReach e-commerce digital platform. Ferro Legal and Blumenfeld Legal advised Exponea, and Wilson Sonsini and Taylor Wessing reportedly advised the buyer on the deal.
Slovakia’s political life is currently marked by the government's internal struggles, says Martin Magal, Managing Partner at Allen & Overy Bratislava. “We have a fairly inept coalition government and our politicians are much more involved in fighting among each other than fighting against the COVID-19 pandemic.”
What changes must employers expect with respect to employee alimentation, working from home, employee intragroup assignment, or employing teenagers before their completion of compulsory education? The latest amendment of the Slovak Labour Code introduces several changes, establishes a new ground for dismissal, and also significantly modifies the regulation of collective labour relations.
On January 12, 2021, the Supreme Court of the Slovak Republic confirmed the verdict delivered by the Specialized Criminal Court in February 2020 on the forging of four promissory notes of private television broadcaster TV Markiza. Businessman Marian Kocner and former minister Pavol Rusko, a onetime owner of TV Markíza, were accused of forging the promissory notes and using them to demand EUR 69 million from the television station. Both Kocner and Rusko were convicted of forging the promissory notes and were each sentenced to 19 years’ imprisonment. Dentons' Litigation team in Bratislava represented TV Markiza in the case.