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.”
It would not be unreasonable to suggest that most developments in commercial markets occur as a result of competition between participants and manufacturers of similar products. From an end-user’s perspective, it is always easier to recognize products and/or make comparisons between products on the basis of specific brands/trademarks.
CMS teams in Austria and Croatia have advised Zagrebacka banka d.d, a member of UniCredit Group, on its sale of non-performing loan portfolios to a company controlled by APS Holding a.s. Ostermann & Partners advised APS Holding on the deal.
After more than two decades of providing clients in Slovakia with legal advice through associations with local law firms, from June 1, CMS will provide Slovak law advice through what it calls "a fully-integrated Slovak team ... co-headed by Peter Simo and Petra Corba Stark, [which] consists of 10 experienced lawyers who cover all the main areas of business law."
DLA Piper has advised Guard Capital, a venture capital fund specializing in telecom and Internet projects, on the sale of a 79.6% stake in DocDoc.ru, an e-medicine company in Russia, to Sberbank. Sberbank was represented by CMS on the deal, which sees the remaining stake belong to the founder of DocDoc.ru and its key management.
CMS Prague has advised Prologis on its sale of the Ostrava Logistics Park in Moravia-Silesia, in the Czech Republic, to CBRE Global Investors. Kinstellar advised the buyers on the deal.
CMS has announced that Konrad Werner has been promoted to Counsel and Head of Real Estate Finance, Poland, and Agnieszka Ziolek has been promoted to Counsel and Head of Restructuring, Poland, in the firm's Warsaw office.
CMS Budapest has represented BlackRock in leasing a 3,500 square meter space at GTC White House, an office building being developed by GTC Hungary and due for completion in Q1 2018. Lakatos, Koves & Partners advised GTC Hungary on the deal. The agreement was concluded with an option to extend the office area up to 7,700 square meters starting in April 2018.
CMS has announced that Counsel Libor Prokes, Senior Associate Pavel Srb, and Associate Ivana Lobotkova have moved from Wolf Theiss to join the firm's real estate practice in Prague.
CMS Budapest has advised the Futureal Group on the sale of the Skypark office building in the center of Budapest and the Sziget Centre shopping mall on the city's outskirts to the OTP Property Investment Fund.
As summarized in CMS’s recently-released Emerging Europe M&A Report 2016/2017, the year just concluded, 2016, was an eventful one in Europe, as it included weak global growth and overall investor cautiousness, an attempted military coup in Turkey, a vote for the UK to leave the European Union, continued unrest in the east of Ukraine, continued application of sanctions in Russia, and the first full year of a new populist right-wing Government in Poland. There was plenty therefore to be concerned about, and we all feared what impact this might have on M&A deal activity in the region as a whole.