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JSK has advised APS Holding a.s on its January 10 agreement with the Hellenic Bank Public Company Ltd for the management of real estate assets and for the servicing of the non-performing loans of the Bank. Antoniou McCollum & Co advised APS on Cyprus law matters. Clifford Chance advised the Hellenic Bank, with George Z. Georgiou & Associates advising it on employment law matters and Antis Triantafyllides and Sons on Cyprus Law matters.

Clifford Chance's Prague office has advised CBRE, a Fortune 500 real estate company with offices in more than 64 countries worldwide, on the sale of its high-quality retail portfolio in Central and Eastern Europe to CPI Property Group (CPI). Dentons advised CPI on the transaction, which is valued at over EUR 600 million and will see properties including 11 shopping centers change hands across the Czech Republic, Poland, Hungary, and Romania.

Mrowiec Fialek and Partners has advised Matexi Polska Sp. o.o. – a company belonging to Belgium's Holding Matexi development group – on its acquisition of unidentified real property in Warsaw.

Kinstellar has advised Prologis (on behalf of Prologis European Properties Fund II) on its acquisition of the M0 Central Business Park, located at Szigetszentmiklos on the M0 ring road around Budapest, from the Logidune Kft. logistics real estate developer. Noerr advised Logidune on the deal.

Avellum has acted as Ukrainian law counsel to the EBRD in connection with the EUR 1.4 million loan facility to the Khask industrial group.

Soltysinski Kawecki & Szlezak has advised Eurocash S.A. in relation to the acquisition of 100% of the shares in the company Polska Dystrybucja Alkoholi sp. z o.o., which manages a wholesale outlet of alcoholic beverages. CMS advised the selling shareholders. 

The CMS and Ruzicka Csekes law firms, which have been operating in association in Slovakia, have announced that they will terminate that arrangement as of May 31, 2017. CMS, the sixth largest global law firm, will then establish its own fully integrated office in Bratislava, using a newly created Slovak team.

Former Wolf Theiss Prague Managing Partner Tomas Rychly has been formally appointed to the Supreme Administrative Court of the Czech Republic and will take his place on the bench on February 1, 2017.

Kochanski Zieba & Partners (KZP) has announced that Aleksander Galos has joined the firm as Partner to head its Energy, Natural Resources & Chemicals practice and that Wojciech Wrochna has joined as Counsel and Head of the firm's European Law and European Business Regulations practice. 

CMS Reich-Rohrwig Hainz has announced the addition of two new Partners: Andrea Zubovic-Devedcic in Sarajevo and Dorde Popovic in Belgrade.

Schoenherr has promoted Austrian restructuring law expert Miriam Simsa to Contract Partner, effective as of February 1, 2017.

Sylvie Sobolova and Christian Blatchford have been appointed Partners at Kocian Šolc Balastik. 

Turkey’s main regulation regarding advertisements, the Regulation on Commercial Advertisement and Unfair Commercial Practices (“Regulation”) was amended with another regulation published on the Official Gazette of 4 January 2017, effective immediately. Those who advertise their products and services, advertisement agencies and the media that publishes such advertisement should abide by the Regulation. 

The General Annunciation on Law on Restructuring of Some Receivables numbered 6736 Serial No: 1 has explained the article 7 titled “Acquiring Some Assets to National Economy” of “Law on Restructuring of Some Receivables” (“Law”).

The Serbian Parliament has recently adopted amendments to the Criminal Code. The amendments include a significant overhaul of the legal framework for white collar crimes, touching upon the rules relevant for antitrust enforcement as well.

The new Serbian Housing Act is a long-awaited codification of all the statutes pertaining to housing. The Building Maintenance Act and Housing Act were passed in its original texts more than two decades ago, and were rendered obsolete by the changes in society and economics climate. But the big question is – will there be enough funds for carrying out all the ideas laid out by the legislators?

The Hungarian Parliament has recently adopted an amendment to the Hungarian Competition Act and to the Hungarian Consumer Protection Act. The amendment implements the rules of Directive 2014/104/EU issued by the European Parliament and the Council, which includes the rules of the actions for damages arising from infringements of the competition law provisions.

Effective 1 January 2017, higher fines will be imposed for certain violations of Law No. 6502 on Protection of Consumers (the "Consumer Protection Law"). Fines will increase by 3.83 percent compared to 2016.

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Despite beginning the conversation by asserting that “there are not many new things to report in Bulgaria in terms of legislative amendments or legal market changes," in fact Borislav Boyanov, the Managing Partner of Boyanov & Co., is fairly optimistic, pointing out that the Bulgarian economy is “relatively ok, reporting 3.4% growth in 2016, which for Europe is very good.”

Czech lawyer Ivan Nechvatal has spent the past five years at CEZ, becoming a Corporate Governance Advisor - Turkey in July of this year. Based in Istanbul, Nechvatal participated in the 2016 General Counsel Summit in the city and was kind enough to share his thoughts on working in the Queen of Cities.

Based in Ankara, Bora Kaya is the Managing Legal Counsel at Gama Power Systems Engineering and Contracting, a company that he first joined in March 2015. Prior to that he was the Head of Legal at Ronesans Holding from October 2012 to December 2014. Earlier still, he worked for Eregli Iron and Steel Works Co. as the Assistant to the Head of Legal Department.

On October 28, 2016, CEELM reported that P3, a leading pan-European owner, developer and manager of logistics properties, had announced that it had completed a EUR 1.4 billion long-term refinancing, arranged with a group of leading international financial institutions. We invited Katie Schoultz, the Group General Counsel at P3, to share her thoughts on the deal.