CCAO has advised Turkiye Sinai Kalkinma Bankasi on financing facilities to Metafor Yenilenebilir Enerji and Knot Enerji for their respective solar and hybrid solar energy power plant projects. 

CMS has advised Goldbach Group on the sale of Goldbach Austria to Azerion.

Cobalt has advised Latvenergo on its acquisition of DSE Aizpute Solar from developer Danish Sun Energy ApS. Sorainen reportedly advised the sellers.

Lakatos, Koves and Partners has advised Green Power Investment on the sale of two Hungarian photovoltaic projects with a combined capacity of 7.7 megawatts to an unidentified Austrian investor.

Potamitis Vekris has advised Eurobank and Eurobank Leasing Single Member on asset management agreements and service level agreements with Cerved Property Services Single Member regarding the management of Eurobank Group’s real estate portfolio.

Baker McKenzie and its Turkish affiliate Esin Attorney Partnership advised DFDS on its acquisition of Ekol Transport and the international transport network connecting Turkiye and Europe from Ekol Logistics and individual sellers led by founder Ahmet Musul. Caliskan Okkan Toker reportedly advised the sellers.

Wardynski & Partners, working with Baker Botts, has advised Modern Times Group on its acquisition of Plarium Global.

Ellex, working with Kirkland & Ellis, has advised Advent International on its acquisition of Nuvei Corporation. Stikeman Elliott and Sorainen reportedly advised Nuvei.

Schoenherr has advised Bank Gospodarstwa Krajowego on a EUR 40 million financing agreement for the development and long-term investment of a Puro Hotel in Budapest. Szabo, Kelemen & Partners Andersen advised Puro.

Rymarz Zdort Maruta has advised Vantage on securing EUR 100 million in financing from the European Bank for Reconstruction and Development for the construction and operation of a portfolio of rental flats. Clifford Chance advised the EBRD.

RPHS Law has advised Swinto on the sale of the majority of its shares to Virtus Invesco Partners. ICL Legal advised the buyers.

Paksoy, working with Milbank, has advised General Atlantic on its USD 500 million lead investment in Insider's series E funding round.

Evo Legal Founder Arina Stivrina has joined Walless’ Latvia team as an Associate Partner.

CMS has appointed Warsaw-based CMS Partner Malgorzata Urbanska as the firm's new Co-Head of the Global Antitrust, Competition & Trade Group alongside Partner Marquard Christen.

Ments has launched a new Dispute Resolution practice in Slovakia with the addition of Counsel Tomas Langer and Associate Anna Kocurova.

Vizdoaga Law Office and Dolea & Co have announced a collaboration between the two firms.

Former Biris Goran Real Estate Partner Daniela Lazea has left the firm after 17 years and has joined Global Vision as General Counsel.

Former Eurobank Head of Legal Services Division Alexia Kefalogianni has joined Bernitsas Law as Counsel.

Oppenheim has partnered up with the Korean law firm Jipyong by signing a memorandum of understanding, leading to Jipyong opening a Korea Desk in Hungary.

Former Dogan Holding Chief Legal Counsel Ebru Ersoy has become the new Chief Legal Counsel at Nurol Bank.

Schoenherr has promoted Vienna-based Stefanie Aichhorn-Woess, Alfred Amann, Johannes Frank, Ayla Ilicali, Christoph Jirak, Sara Khalil, Sebastian Lukic, Johannes Stalzer, and Stefanie Stegbauer, Zagreb-based Kresimira Kruslin, Warsaw-based Daniel Radwanski, and Bucharest-based Nora Olah to Partner (already announced in August this year).

Bittera Kohlrusz & Toth former Managing Partner Csaba Bittera has joined Fraport as its Senior Legal Advisor.

Former CMS Partner Piotr Ciolkowski has joined Dentons as Partner and Co-Head of the Energy Sector Group in Poland.

Nicolas Wolski has become the new Head of Tax at BPV Huegel, taking over from Partner Gerald Schachner.

If you manage an alternative fund under Section 15 of the Czech Act on Investment Companies and Investment Funds (ZISIF), you will need to comply with new legislation by 31 December 2024. Every manager will be required to amend the name of their company to include the term "venture capital entity", while the word "fund" must be removed.

The Ministry of Energy, taking into account regulatory experience as well as public feedback, has adjusted the emission limits for several particularly toxic air pollutants in factories, raising them to stricter levels in line with German standards, which are more stringent than the EU regulations.

In this article, we address the issue of the redistribution of working hours, specifically the conditions and limitations for its introduction and application within a single calendar year.

Few topics have sparked as much controversy in 2024 as the seizure and examination of mobile data carriers and the data found therein. Despite an urgent need to have the legal framework amended by the end of 2024, a new draft bill was published only on 20 November 2024. We take a look.

The long-anticipated initiative to establish a new legal framework for personal data protection in Albania is finally moving forward, as the Council of Ministers has approved a draft law that aligns closely with the European Union’s General Data Protection Regulation (GDPR). This proposed legislation promises to bring significance in this important but frequently underappreciated legal domain. With its comprehensive approach and alignment with EU standards, the new law aims to greatly improve privacy protection in the national context.

On 18 November 2024, the new Product Liability Directive (the Directive) was published in the Official Journal of the EU (link). It replaces almost 40 years of legislation that was no longer relevant in the digital age, given the dynamic development of new technologies. What does it bring and what has changed? We have prepared a short summary for you.

Startups are keen to use motivational tools like the Employee Stock Option Plan (ESOP). These programs do not burden the company with the economic cost of paying additional cash compensation. This way, startups can preserve their cash flow, which is especially sensitive during the initial stages of business development. Simultaneously, such programs effectively motivate employees, who have an interest in increasing the value of the company, as they become its co-owners. For this reason, the cap table of almost every startup today includes an entry for an option pool. However, not every founder wants or can commit to permanently transferring part of the company to employees. In such cases, the Phantom Stock Option Plan (PSOP) presents an interesting alternative.

In a bid to enhance legal competitiveness, a new legislative proposal aims to streamline regulations in environmental protection, waste management, consumer rights and workplace safety, boosting the competitiveness of domestic businesses. The proposal is currently under public consultation, but it already highlights several key changes that may be of interest to various sectors.

As someone leading my firm's digital transformation efforts over the past five years, together with the firm’s Senior Partners, I've been involved in the adoption of artificial intelligence and other advanced technologies. It has been a challenging yet stimulating journey, and I want to share my insights into what drove this transformation.

The way in which resolutions are adopted in limited liability companies (“LLC”) with a sole shareholder who is a legal person, has given rise, in practice, to contradictory views, underscoring several relevant legal aspects. We will explore below some of these aspects.

From 1 August 2024, the maximum fine that can be imposed by the Hungarian Competition Authority equals 15% of the undertaking’s net turnover. According to the Authority’s statement, its primary objective is not to impose fines, however, the increase in the potential financial penalty is a strong deterrent. In any case, it can be observed that the Authority is becoming more and more stringent concerning fines: while in 2023 it imposed fines totalling HUF 2.2 billion, the total amount of fines imposed this year exceeded HUF 2 billion by August.

The MICA (Markets in Crypto-Assets) Regulation was formally adopted by the European Parliament on 20 April 2023 and approved by the Council of the European Union on 16 May 2023. The adoption of MICA is in response to the growing need for regulation in the rapidly evolving world of crypto-assets and represents an important step towards building a stable and secure financial system in the EU.

Nechala and partners advised the seller, Mr. Heimo Wallisch, on the successful sale of EASYS s. r. o.

Vienna, 04 November 2024. The experienced tax partner Nicolas Wolski (42) will take over as Head of Tax at bpv Huegel with November 2024.

JŠK advised PRE Group on its acquisition of 100% stake in solar power plant supplier SolidSun.

The Reverse Share Split at a ratio of 10:1 to reclassify the company's share capital was resolved at the Annual General Meeting on 14 June 2024.

The IMMOFINANZ Group acquired a further approx. 38% of S IMMO shares from CPI Property Group SA for a purchase price of around EUR 608.5 million.

Drakopoulos is pleased to announce the launch of its new Data and Digital practice, dedicated to providing comprehensive legal solutions to clients navigating the increasingly complex landscape of data protection, digital transformation, AI, cybersecurity and emerging technologies.

The Montenegrin Law on Business Organizations prohibits the return of contributions to shareholders. But is capital reduction with simultaneous payment to shareholders permissible? This article explores the legal ambiguities and practical challenges arising from this question.

The ITR Tax Awards recognise the best tax consultants and tax lawyers every year. bpv Huegel was awarded twice this year.

RTPR has assisted the shareholders of 123FormBuilder – 212 Regional Fund II, Catalyst Romania, Florin Cornianu and Adrian Gheara – in relation to the sale of the company to American group Kiteworks.

Oliver Koppany will be joining Jalsovszky as Foreign Legal Counsel from September, focusing on US-Hungarian business connections.

Paul Pfeifenberger (36) specialises in real estate and has been with bpv Huegel since 2015.

RTPR has assisted OX2 in relation to the sale of a 99.2 MW onshore wind project located in the Eastern part of Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.