CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Amendments and supplements to the Law on Planning and Construction (“Law”) were published in the Official Gazette no. 62/2023 from 27 July 2023 and entered into force on 4 August 2023, whereas certain provisions of the Law will enter into force in 2024 and 2026, respectively.
Papapolitis & Papapolitis has advised Taconic Capital Advisors and Cedar Capital Partners on their joint venture with CBE Capital and Golden Land Goutos for the development of a Six Senses Resort in the area of Porto Heli, Greece.
JDP Drapala & Partners has advised Trei Real Estate Poland on its EUR 73.5 million loan from Deutsche Pfandbriefbank to finance its current activities and day-to-day operations.
DSC Doralt Seist Csoklich has advised Geno EuropaFonds on its sale of the Saturn Tower office building in Vienna to the Wlaschek Foundation's Amisola Immobilien AG.
Cobalt has advised the Astor Group on its EUR 25 million loan from Rietumu Banka to support the development and operation of its hotel properties in Riga.
Montenegro intends to implement a profound shift in its spatial planning and construction regulations with the pending adoption of three distinct legal acts that will regulate the country’s spatial planning, the construction of facilities, and legalisation procedures.
A new law amending certain acts concerning the functions of the Minister of Agriculture amended a number of agricultural acts as of 1 July 2023, including Act on the Protection of Agricultural Land.
