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Clifford Chance has represented the TDJ Group in the Kopex Group's debt restructuring. The signing of the restructuring documents was the last condition precedent to the TDJ Group's acquiring the majority of the shares in Kopex S.A.  According to reports, the TDJ Group's acquisition of control over the Kopex Group crowns the largest acquisition in the machine manufacturing sector in Poland.

CMS Romania has advised the US independent exploration and production company, Hunt Oil, on one of the largest natural gas discoveries in Romania in the last 30 years.

PeliFilip has assisted Sensiblu and several of its affiliates in the acquisition of 78 pharmacies belonging to Sibpharmamed, which is part of the Polisano group. As a result of the acquisition the number of units owned by Sensiblu increased by 20%.

Harrison Solicitors and Bird & Bird have advised the EBRD on its EUR 7.25 million loan to Serbia’s Farmina Pet Foods to support the company’s expansion.

Ukraine's A.G.A. Partners law firm has agreed to provide the Dynamo BC women's basketball club with assistance "in a wide range of legal issues that arise in the course of its activities."

Sorainen is reporting that it is helping Prior Rights, an IT start-up company, with legal issues related to Prior Rights' development of its mobile application, which aims to protect users’ copyrights on photographs.

Akin Gump has announced that Igor Krivoshekov has joined the firm as a Partner in its cross-border transactions practice in London.

Ilyashev & Partners has opened an office in Tallinn, Estonia. 

Macedonian law firm Apostolska & Aleksandrovski has announced that it officially joined the South East Legal Alliance (SELA) in the second half of November 2016.

Schoenherr has promoted employment law expert Stefan Kuhteubl to Equity Partner, effective as of February 1, 2017.

The Egemenoglu law firm has announced the addition of new Partner Oya Derindere, who joins to lead the firm's M&A/Projects team.

White & Case has announced that two CEE attorneys – Istanbul-based Corporate/M&A specialist Ceylan Kara and Moscow-based Project Finance specialist Ekaterina Logvinova – are among the 15 promoted by the firm to Local Partner worldwide with effect from January 1, 2017. Another six CEE lawyers (three in Prague, two in Warsaw, and one in Istanbul) were among the 26 promoted to Counsel worldwide.

A bill recently presented by the Hungarian Minister of Justice targets to speed up the registration procedures and the amendment notification procedures of civil organisations. The proposed changes have been definitely created on the basis of the “good practice” of the company registration procedure.

The National Bank of Ukraine ("NBU") has made a further step towards liberalising the currency regime for ECA supported lending. These amendments became effective on 30 November 2016.

Under the Hungarian Advertisement Tax Act, companies are taxed at a rate depending on their advertisement turnover. Accordingly, companies with a higher advertisement turnover are subject to higher, progressive tax rates. As to the companies that made no profits in 2013, the Advertisement Tax Act contained the possibility to deduct the tax base with their losses carried forward. 

The Government of the Republic of Macedonia, in its program for the period 2014-2018, incorporated a project that shall enable electronic concluding of real estate purchase agreements.

The UK will continue to support EU sanctions against Russia

It is expected that the new Law on Notary Public will overcome the weaknesses identified in the existing Law and will also lead to higher efficiency in the notary public operation.

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The Deal:

On March 8, 2016, CEE Legal Matters reported that Sayenko & Kharenko had advised Sberbank on the restructuring of a sovereign-guaranteed loan to Yuzhnoya’s State Design Office and the Road Agency of Ukraine (Ukravtodor) with an outstanding principal balance of approximately USD 367 million and had advised Sberbank and Citibank on the restructuring of another loan to Ukravtodor with an outstanding principal balance of EUR 37.3 million. Linklaters advised the banks on matters of English law, and Avellum acted as Ukrainian counsel to the Ministry of Finance of Ukraine on both matters.

Andreea Alexandrescu is the Head of Legal with Carrefour Romania, a company that she has spent the better part of her career with. She first joined the retail company in 2006 as a Legal Advisor responsible for real estate matters. Prior to her current company she worked for Gide Loyrette Nouel.

On November 24, 2017, CEELM reported that Austrian real estate developer WM Group had sold its six retail parks in Slovakia to Immofinanz AG, designed to expand the latter's STOP SHOP brand. Michael Wakolbinger, Managing Director of WM Slovakia, who also acts as a General Counsel to the senior owner of the WM/MID Group, agreed to comment on the sale.