New legislation amending the Labor Code and other relevant acts was signed by the President and published in the Journal of Laws. This legislation implements two European Union Directives: Directive (EU) 2019/1158 of 20 June 2019 on work-life balance for parents and carers and Directive (EU) 2019/1152 of 20 June 2019 on transparent and predictable working conditions in the European Union. New provisions will come into force on 26 April 2023.
Legal Innovation in Continental Europe: A Sneak Peek into Lexpo 2023 with Andrea Miskolczi
As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.
Rymarz Zdort Maruta Advises Projekt-Solartechnik on Private Debt Financing
Rymarz Zdort Maruta has advised Projekt-Solartechnik and its subsidiaries on their private debt financing agreement with the Eiffel Investment Group for Polish solar power plants. Dentons reportedly advised the lender.
Ondrej Barton Joins Dentons as Partner in Prague
Former White & Case Associate Ondrej Barton has joined the Dentons Prague office as a Partner, starting on April 1, 2023.
Dentons and BASEAK Advise Akfen Holding on Acquisition of EBRD and IFC Stake in Akfen Yenilenebilir Enerji
Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership have advised Akfen Holding on its acquisition of the approximately 33% outstanding stake in Akfen Yenilenebilir Enerji from the EBRD and the IFC.
Hungary Remains the Top Destination for Film and Other Audiovisual Production in Europe
Hungary has been traditionally the go-to hub for filming in Europe.
Implementing the EU Directive on Predictable and Transparent Working Conditions in Poland
The Polish Parliament is finally moving forward with the implementation of the EU directive on predictable and transparent working conditions (Directive (EU) 2019/1152).
Dentons Advises CPIPG on Sustainability-Linked Bilateral Loan with MUFG
Dentons has advised the CPI Property Group on its debut sustainability-linked loan through a bilateral facility with MUFG.
One Year After the Invasion of Ukraine: Latest Updates on Protection for Ukrainian Refugees in CEE
When the Russian military launched its invasion of Ukraine in February 2022, many countries in Central and Eastern Europe (CEE) responded immediately by amending their legal framework to provide shelter for Ukrainian refugees. These neighboring nations not only provided immediate humanitarian help, but also changed their immigration law to allow Ukrainian refugees to work and live in their country.
Screening of Foreign Investments: New Condition for M&A Transactions in Slovakia
On 1 March 2023, the Act on Screening of Foreign Investments entered into force. It introduces a comprehensive screening mechanism for foreign investments in the Slovak Republic.
A Closer Look: Dentons' Simon Dayes on Financing and PPA for Krivaca Wind Farm
On February 16, 2023, CEE Legal Matters reported that Dentons had advised a banking consortium on their EUR 155 million financing for the 103.3-megawatt Krivaca wind farm project co-owned by Serbia’s MK Group and Slovenia’s ALFI Green Energy Fund. CEELM reached out to Dentons Partner Simon Dayes to learn more about the financing.
Ukraine Strengthens Legislative Framework for Dispute Resolution with Ukrainian Counterparties in Foreign Courts
The law “On Amending Certain Laws of Ukraine in Connection with the Ratification of the Convention on Choice of Court Agreements” (the “Law”) came into effect on October 15, 2022. In 2021, the Ukrainian Parliament had made this Law a condition for the ratification of the Hague Convention of June 30, 2005 on the Choice of Court Agreements (the “Convention”).
Public Procurement in Poland – Indexing Through Restructuring
Entrepreneurs in difficulty, who are struggling with the performance of a contract, may benefit from a restructuring procedure. Any restructuring procedure guarantees the protection of executed contracts, with the most effective solution being the reorganization procedure (postępowanie sanacyjne).
Dentons Advises PKO Bank Polski on Financing Re Alloys’ PPA-Based Wind Power Project
Dentons has advised PKO Bank Polski on the financing granted to Wind Farm Lada – a company controlled by Re Alloys and, indirectly, by Luma Holding – for the construction of the 35-megawatt Dzwola onshore wind power project.
Public Procurement in Poland – Indexed Prices Benefit Contracting Authorities Too
Extraordinary circumstances, such as the Covid-19 pandemic or the war in Ukraine, and all that goes with them, including high inflation, which manifests itself in skyrocketing prices for raw materials, other supplies, energy, and labor, prevent contracts from being performed on schedule. Price indexation can effectively restore economic equilibrium for parties to public procurement contracts.
Dentons Advises HB Reavis on EUR 475 Million Financing for Varso Place Development
Dentons has advised HB Reavis on obtaining a EUR 475 million financing from Santander Bank Polska, Bank Pekao, Helaba, and Berlin Hyp for the development of the Varso Place building complex in Warsaw. DLA Piper reportedly advised the lenders.
Dentons and Clifford Chance Advise on CEC Bank EUR 600 Million EMTN Program and First Two Issuances
Dentons has advised Romanian state-owned CEC Bank on the establishment of its EUR 600 million medium-term note program and its first two issuances amounting to over EUR 249 million. Clifford Chance advised arrangers Citigroup and Raiffeisen Bank International.
Zavisin Semiz & Partneri, Dentons, and Karanovic & Partners Advise on Financing and PPA for Krivaca Wind Farm
Zavisin, Semiz & Partneri and Dentons have advised a banking consortium on their EUR 155 million financing for the 103.3-megawatt Krivaca wind farm project co-owned by Serbia’s MK Group and Slovenia’s ALFI Green Energy Fund. Karanovic & Partners advised the Axpo Group on its market-terms long-term PPA with the Krivaca project company.