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SMM Legal is representing Energa-Obrot S.A. in 22 court and arbitration cases concerning framework agreements for the sale of proprietary rights under certificates of origin for the energy generated from wind farms.

CMS has advised NEPI Rockcastle plc on its acquisition of the Arena Plaza shopping center in Budapest by means of a EUR 275 million purchase of all the issued shares in and claims against Symmetry Arena Ingatlankezelo Korlatolt Felelossegu Tarsasag, the owner of the mall, from Lanebridge Investment Management Limited. DLA Piper advised the sellers on the deal.

K&L Gates has advised a consortium of banks consisting of Mercurius Dom Maklerski (as global co-ordinator), mBank and Trigon Dom Maklerski (as joint-bookrunners), and mCorporate Finance and Trigon Investment Banking (as financial advisors) in connection with the sale of 51.17% of the shares of LC Corp in an accelerated bookbuilding process by shareholders Leszek Czarnecki, LC Corp BV, Getin Noble Bank, Open Finance, and Open Life. DZP reportedly advised the selling shareholders on the sale, which is valued at approximately 500 million zlotys.

Popovici Nitu Stoica & Asociatii has advised Auchan on its acquisition of a land plot in Timisoara, Romania, from Plaza Centers, in a deal valued at EUR 7.25 million. The seller was assisted by Firon Bar-Nir.

Baker McKenzie's Kyiv office has supported Ukrenergo in implementing a corporate governance reform to institutionalize the supervisory board and ensure that the company's upgraded management structure is in line with OECD guidelines.

ODI has advised SKB Banka D.D. Ljubljana as a financial creditor on the court-sanctioned procedure of preventive restructuring of approximately EUR 200 million of financial debt of the DZS Group companies Delo Prodaja, d.d., Terme Catez d.d., and DZS d.d.

CMS has advised M.V. Cargo in respect of two parallel loans, totaling USD 74 million, made available to it by the EBRD and the IFC to partly finance M.V. Cargo’s construction of a new modern grain terminal in Ukraine’s Black Sea port of Yuzhni capable of handling up to 5 million tons of grain annually.

Dorda has advised Soravia and ARE Development as joint venture and project partners on their sale of TrIIIple Tower 3 to Corestate Capital Group. The buyers were reportedly advised by Binder Groesswang, with a Dusseldorf-based Allen & Overy team advising Corestate on the structuring of the transaction.

Tuca Zbarcea & Asociatii has advised Fortuna Entertainment Group N.V., acting through Fortuna Romania, on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters related to its acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L., and Slot Arena S.R.L.

DLA Piper has announced the establishment of a Brussels-based EU-Greek Practice.

Liechtensteinische Landesbank has hired Martina Neubauer to head its compliance function in Austria. 

Veolia Polska has hired Wojciech Dmochowski as its new Legal Department Director in Warsaw. 

Invitel Group has hired Balazs Fazekas as its new Director of Legal and Regulatory Affairs in Budapest. 

Akos Toth has joined Porsche Holding Gmbh as its new Country Compliance and AML Officer in Hungary. 

Former Dentons Counsel Gabriel Olearnik has joined Kochanski Zieba and Partners as Partner and Head of Private Equity.

Polish lawyer Michal Pawlowski has joined K&L Gates in Warsaw.

Eversheds Sutherland has announced the opening of three new offices, extending its geographic footprint to 66 offices in 32 countries. The new offices are in Luxembourg, Moscow, and St Petersburg. 

The Bucharest office of Wolf Theiss has expanded its TMT and data protection & compliance practice by adding former EY Senior Manager Maria Maxim to its team. 

The international law firm Debevoise & Plimpton LLP presents a brief overview of the most significant developments in Russian legal regulation (including legislative initiatives) and court practice in the real estate, construction and infrastructure sectors in the first half of 2017.

The Constitutional Court of Hungary made a decision in July 2017 that the provisions concerning the applicability of tax registration procedure do not infringe the principle of non-retroactivity.

In order to ease the sophisticated and multifaceted disputes of today’s market; arbitration is started to become a widely selected resolution method also in Turkey similar to the global market; especially due to its concept of customizability, speed and efficiency. As each commercial transaction possesses a unique nature in terms of its components and conditions; the one who concludes complex transaction should be preferring arbitration; a tailor-made method of alternative dispute resolution. 

Foreigners acquiring ownership of agricultural land in the Republic of Serbia.

Preserving confidentiality is always a top priority for a successful business, especially if you have an advanced R&D department. Taking into account the need to freely transfer information on the one hand and the strict necessity to preserve the safety of personal data and databases on the other, the issue of confidentiality becomes even more important.

Leasing of employees – a situation in which employment agencies hire employees and act as their formal employers and then lease them to perform actual work for their client companies – has become a frequent phenomenon in Serbia the past few years. 

In the present economical context, which often favors the migration of the employees from one company to another, the only tool left for employers seeking to prevent em-ployees from working for competitors after leaving their companies is to include non-competition clauses in employment contracts.

Employment relationships require special protection both at European and national levels. Although largely enshrined in European legislation, those protections remain subject to modifications to ensure efficiency and security of the employment process. 

The National Assembly of Slovenia has adopted the new Transnational Provision of Services Act regarding the posting of workers (the “Act”). The Act, which is scheduled to come into force on January 1, 2018, implements European Enforcement Directive 2014/67/EU and imposes new conditions for employers posting workers to and from Slovenia.

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Romania is in a good shape right now,” says Gabriel Zbarcea, Managing Partner at Tuca Zbarcea & Asociatii. "It’s one of the fastest growing countries in the region. Estimated real GDP growth in 2016 was five percent, according to the IMF, which is huge, and it's 4.2% in 2017. The unemployment rate was 5.9% last year, well below the EU average. And we’re a very good market for investors, because of relatively inexpensive labor and a relatively diversified industry.”

On June 20, 2017, CEELM reported that mBank sold its majority shares in housing project company mLocum to another housing company called Archicom S.A. in Poland. We reached out to Monika Powroznik, Deputy Director for mBank, to enquire about the cooperation with her external counsel on this specific sale.