CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
On 2 December 2022, a new act entered into force on the modification of certain acts related to the operation of territorial administration, the land registry and regional development. Under the new act, the new Land Registry Act will enter into force one year later, on 1 February 2024, instead of 1 February 2023 as planned originally. The new modifying act also contains other amendments.
Schoenherr has advised IT, consultancy, and recruitment company IDBC Hungary on securing its new headquarters in the Duna Tower through a lease agreement with GTC.
Clifford Chance has advised Bank Pekao on its over PLN 500 million financing for the acquisition and redevelopment of three logistics centers by separate special purpose vehicles. Reportedly, Greenberg Traurig advised the sellers and Deloitte Legal advised the buyers on the acquisition transaction. On the financing transaction, Greenberg Traurig reportedly advised the buyers on receiving the financing.
Dentons has advised CSOB and Ceska Sporitelna on their EUR 74.13 million loan to Penta Real Estate for the construction of the office buildings within the Nova Waltrovka project in Prague.
Bahas Gramatidis & Partners has advised the Hellenic Republic Asset Development Fund on the launch of a Greek Ministry of Development & Investment project titled New Industrial Parks.
Baker McKenzie has advised the Polindus-Laktopol Capital Group on its acquisition of a production plant in Bielsk Podlaski from the bankruptcy trustee of the Bielmlek Dairy Cooperative. Sole practitioner Kazimierz Mordaszewski reportedly advised the bankruptcy trustee.
The latest legislative amendments on private international law and property ownership are promising for foreign investors, while Kosovo’s renewable energy investments are on the rise, according to Vokshi & Lata Senior Partner Adem Vokshi.
