In The Spotlight
We are excited to announce that the June 2017 issue of the CEE Legal Matters magazine is out and on its way to subscribers around CEE and the world.
Kinstellar has advised Genesis Private Equity Fund III on its acquisition of what the firm describes as "a material minority share" in a new player on the consumer electronics market.
Njord has advised Axioma LT UAB on its acquisition of Aktsiaselts Remeksi Keskus.
The Antika Law Firm has advised Ghelamco Group on the June 16, 2017 sale of the 30,000+ square meter Kopylov Logistics Park to Ukrainian retailer ATB. The logistics park is located in the village of Kopylov, in the Makarov District of the Kyiv region of Ukraine.
Orrick has advised Infracapital, the infrastructure investment arm of M&G Investments, in its joint venture with Nokia, to build, own, and operate a fiber optic broadband network across Poland. DZP advised Infracapital on Polish law matters, while Baker McKenzie advised the joint venture and Nokia.
Capital Legal Services has advised the Perm Concession Company — part of the VTB group — on its June 21, 2017 agreement with the government of the Perm region of Russia to construct and operate a bridge over the Chusovaya river.
Ellex Klavins has successfully represented the Latvian state, acting through the Ministry of Finance and the State JSC Privatization Agency in proceedings against Valerijs Kargins and Viktors Krasovickis, former shareholders of JSC Parex Banka (now Reverta).
Andreas Neocleous & Co LLC has transferred its business and operations to a new firm, Elias Neocleous & Co LLC.
Edyta Krukowska has been appointed Head of the Legal Department at GEO Renewables S.A., a company which develops, constructs, and operates wind parks in Poland.
Kinstellar has promotions Iustinian Captariu and Remus Codreanu in Bucharest and Akos Nagy in Budapest to Partner.
Herbert Smith Freehills has announced that finance lawyer Dmitry Gubarev will join the firm's Moscow office as a partner. Gubarev joins from Orrick, Herrington & Sutcliffe in Moscow where he is a partner and head of the Russian Banking & Finance practice.
CMS Russia has announced that Artashes Oganov has moved from Dentons to join the firm as Counsel and Head of Real Estate.
Retail industry leads Turkish economy in recent years and shopping malls are the most essential figures of such industry. Shopping malls have recently undergone a challenging period by virtue of social and economic developments throughout the country.
Law no. 24/2017 regarding the financial instruments issuers and stock market operations published in the Official Gazette of Romania, Part I, no. 213 of March 29, 2017, is based on legal provisions that initially existed in Law 297/2004 on capital market, as further amended, provisions taken further and/or amended by this new law so as to reflect the dynamics of the capital market and of the European legislation, with an aim to help investors stay more informed, to increase transparency, to improve the public tender offers’ regime and the financial instruments’ issuance, and to harmonize the sanctions for market abuse.
In recent times, more and more international companies are outsourcing their call centres and data processing facilities to Serbia.
The Hungarian Parliament modified the provisions on the implementation of the Country-by-Country Reporting (CbCR) system according to the 2016/1164 EU directive. These changes relate to the obligation of the transfer pricing documentation for multinational enterprises.
The Corporations Act provides that the venue, date and time of a general meeting must be set in such a manner that shareholders’ rights to attend (and vote) are not unreasonably limited. Would this statutory requirement be met if the general meeting were held in a foreign country? If so, under what circumstances?
According to Seth, the pen name of Canadian cartoonist Gregory Gallant, “We can’t suddenly quit a job and then race to find a form of art that will pay off before the next mortgage payment is due. Creating art is a habit, one that we practice daily or hourly until we get good at it.… Art isn’t about the rush of victory that comes from being picked.”
"These are interesting times,” says Natalia Drebezgina, Partner at Debevoise & Plimpton in Moscow, when asked for The Buzz in Russia.
The Deal: On December 8, 2016, CEE Legal Matters reported that Wolf Theiss had advised the EBRD on its issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. AP Legal advised Raiffeisen Banka A.D., Beograd, acting as underwriter for the issuance, and Harrisons advised marketing agent Citigroup Global Markets Limited.
On May 3, 2017, CEE Legal Matters reported that facility management company Mundus Services – a joint venture of EMPower Capital and KJK Capital – had acquired engineering solutions and services company VM Automation from VM Finance Group in Bulgaria. Stanislav Nikolaev, Operating Partner for EMPower Capital, agreed to answer our questions about the deal.