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Dimitrijevic & Partners has collaborated with Jadek & Pensa in Slovenia and lead counsel Clifford Chance in assisting Mercator in a series of transactions related to the restructuring of the company's business operations in Bosnia and Herzegovina. 

Dvorak Hager & Partners has represented the Fit Invest group in its purchase of the World Class fitness center on Wenceslas Square in Prague.

RTPR Allen & Overy has advised private equity fund ADM Capital on the sale of Brikston Construction Solutions S.A. (previously Ceramica S.A.) to the Austrian group Wienerberger. The transaction is subject to approval by Romania's Competition Council.

Lord Goldsmith QC of Debevoise & Plimpton and a team from Akin Gump have represented Russian state-owned oil company PJSC Tatneft in its successful appeal in the English Court of Appeal from a summary judgment decision of the English High Court, allowing the case to proceed to trial.

CMS has advised the Cosmo Consult Group on its recent acquisition of the Austrian Microsoft partner FWI.

Allen & Overy and Frotz Riedl Rechtsanwalte in Vienna have advised Vienna-based private equity investor CMR GmbH on the acquisition of Rofin Sinar UK Ltd. from Coherent Inc.

Cobalt has advised AB SEB Banka on its role as arranging bank on the October 10th issuance of EUR 20 million Green bonds by Latvia's state-owned JSC Development Finance Institution Altum — the first such issuance by a national development institution in Central and Eastern Europe . 

Dentons Kyiv has acted as Ukrainian law counsel to Zeo Alliance, an international software developer, on various Ukrainian law issues related to the company’s business structure in Ukraine.

Wolf Theiss has advised a banking group consisting of UniCredit, RBI, NLB, and SKB Banka on the recapitalization of AGIC and its subsidiary, Fotona in a re-financing. The transaction closed on October 4, 2017.

Former BBH Partners Jiri Sterba and Anastasia Tomashevskaya have left the Moscow office of that Czech firm to open their own law firm in Moscow, Sterbatomashevskaya, in the process drawing BBH’s Moscow operations to a close.

Hristov & Partners has promoted Biliana Shagova to Partner.

Nilufer Turkcu Hıra has become the new Head Legal Counsel at Calik Holding in Turkey.

Slovakian lawyer Juraj Fuska has been promoted to Partner at White & Case — the only CEE lawyer among the 31 joining the firm's partnership as part of its global promotion round.

Linklaters has announced the appointment of former Herbert Smith Freehills Partner Vladimir Melnikov as Partner and Head of the Moscow Dispute Resolution practice. 

Oana Ijdelea and Anca Mihailescu are joining forces to launch a new full-service law firm in Bucharest — Ijdelea Mihailescu, Attorneys & Advisors — with a particular focus on energy & natural resources, M&A, environmental law, and real estate & construction.

Russia's Danilov & Konradi law firm has announced that Lyudmila Merkulova has joined the firm as a partner and the head of the tax and forex regulation practice.

On October 12, Olga Balytska joined PwC Legal in Ukraine as Head of the firm’s Real Estate practice.

Former CMS Partner Malgorzata Chrusciak has joined Ernst & Young Law in Warsaw as an Of Counsel, focusing on — in her words — "strengthening and developing EY's regulatory practice for financial institutions."

There are limited ways to increase control over the management board of Polish limited liability companies because it is the company's management body that is responsible for its affairs and representation.

The Slovenian National Assembly adopted the Class Action Law, which will implement an important institute to the Slovenian legal system, i.e. mechanism of class action.

A bill on the amendment of the Public Notaries Act and certain judicial acts is currently under administrative discussions. 

Early this year, on February 6th, 2017, the Ministerial Cabinet has published its decision on Pricing of Human Medicinal Products (“Decision”) and announced that the requirements of the Communiqué on Pricing of Human Medicinal Products (published in 2015) that do not conflict with the Decision, shall remain applicable. 

The National Bank of Ukraine (the "NBU") has significantly simplified its rules for attracting cross-border loans by Ukrainian borrowers from international financial institutions ("IFI"), such as, among others, the European Bank for Reconstruction and Development and International Finance Corporation.

Several changes can be foreseen in the bill of the new Act on the Rules of Taxation that has recently been published by the Hungarian Ministry of National Economy.

NAFA issued the order 23/2017 published in the Official Gazette no. 706 of 31.08.2017 regulating the split payment of VAT. 

One of the new possibilities introduced by the new Serbian General Administrative Procedure Act is an administrative guarantee.  It is a statement issued by an authority that it will issue an administrative act at the request of a party.  By issuing an administrative guarantee, the authority guarantees that the act issued will have a precisely defined content.

On 22 September 2017 the public debate on the proposed amendments to the Serbian Companies Act (hereinafter: the “Act“) was initiated.  The changes of the Act are expected to create conditions for further development of the concept of e-government, and are mainly focused on expediting the process of company registration and creating space for further europeanization of business environment in Serbia upon accession to the EU.

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Mia Kalas, Partner at Selih & Partnerji, says that recent conversations with her peers in Slovenia have generally focused on one pleasant topic. “When we meet we mostly discuss how the work load is really increasing, which is good.” Kalas says, “this is the busiest time we’ve had in the past few years. The economy is really growing, and what we’re seeing is quite a lot of M&A transactions in the private sector.” 

Martin Simovart, Partner and Head of Global Relations at Cobalt in Estonia, is fairly confident about the state of affairs in his country at the moment. “For the first half of the year we saw what we actually predicted — about a five percent rise in GDP — and I hope it’s going to continue. The momentum is there, and I don’t see any indicators that it’s going to slow down. And the overall feeling is fairly positive.”

We are now only two days away from the Hungary General Counsel Summit. CEE Legal Matters spoke with Erika Papp, Partner and Head of Banking and International Finance, Hungary with CMS, one of the sponsors of the conference to hear her thoughts on the upcoming event. 

On August 8, 2017, CEELM reported that Cerha Hempel Spiegelfeld Hlawati had advised red-stars.com in connection with its acquisition of 25% of the shares of ecosio GmbH. We reached out to Red Star’s CEO, Thomas Streimelweger, for more information about the deal.