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SPC Legal has advised UAB Nuomos Verslas (an investment vehicle owned by the majority shareholders of AB Freda) on its acquisition of 100% of shares of a company holding two warehouses with a total area of 13.000 square meters. Financial details were not disclosed.

Rautner has advised Oekostrom AG, working in cooperation with the crowdfunding platform Conda AG, on the successfully April 2017 carrying out of the first offering of equity shares via crowd-investing in Austria. The offering was placed within two days of the subscription period.

Zivkovic Samardzic secured what it calls "an important victory in the Administrative Court in Belgrade, against the Ministry of Economy of the Republic of Serbia."

Integrites' Moscow office has provided pro bono legal advice to the World Bank in the form of a report entitled "Enabling the Business of Agriculture 2017". 

Vasil Kisil & Partners has represented Rele Construction Company, which specializes in the construction of residential and commercial property, in the successful resolution of its dispute with the Kyiv City Council involving the termination of a land lease agreement made for 50 years.

SPC Legal has assisted Modus Group in changing its holding structure by making 19 intra-group transfers to change the subordination system of different businesses.

Stratulat Albulescu Attorneys at Law is reporting that former Voicu & Filipescu Partner Florin Dutu has joined the firm as a Partner to head its Litigation and Arbitration practices.

Allen & Overy has announced the promotion of Prague-based Corporate lawyer Prokop Verner and Istanbul-based Projects and Energy lawyer Joe Clinton to Partner, both effective as of May 1, 2017.

Kurzynski Kosinski Lyszyk i Wspolnicy has merged with Wierzbicki Adwokaci i Radcowie Prawni in Poland, and the combined law firm will now operate as Kurzynski Kosinski Lyszyk and Wierzbicki.

JPM Jankovic Popovic Mitic has appointed Partner Nikola Poznanovic as the firm’s new Head of Competition.

Czech lawyer Radek Novotny has left LG Electronics to become the new Head of Legal at AERO Vodochody AEROSPACE a.s. in the Czech Republic.  

Nadmitov Ivanov & Partners has announced the appointments of Denis Kazakov to Partner in the firm's PPP practice and Sergei Lapin to Partner in its Corporate/Commercial practice.

Bad news for Euro pessimists! Serbia is about to open four new chapters in the negotiation accession process by July 1st. Namely, issues related to corporate law, intellectual property, foreign economic relations and customs are about to be discussed by the Serbian and the EU officials in the following months in order to adapt them to the requirements of the EU’s unified market and economic standards.

At the end of March 2017, the Hungarian Parliament accepted the amendment to the Building Act, which enters into force on 27 April 2017. According to the current rules, if natural persons start the construction of new buildings which do not exceed the limit of 300 sqm or the extension of existing residential buildings up to 300 sqm, the constructions works have to be carried out by a simple notification instead of a building permit.

Expenses and value added tax are non-deductible for purchases made during the period in which your company or one of your business partners from whom you purchase goods or services is declared fiscally inactive. They can be deducted after fiscal reactivation in certain conditions. This article describes the situations where a company is declared fiscally inactive and how one can check the fiscal inactivity status, also analyzing the regime of expenses and value added tax during inactivation and after fiscal reactivation.

In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Economy (“Ministry”). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette. 

Significant amendments, which will improve efficiency and expedite proceedings regulated under ICC Rules of Arbitration ("ICC Rules”) came into force on 1 March 2017.

Suppose you were a German bank lending to a Spanish debtor under a loan agreement governed by German law. Once your Spanish debtor stops paying, the bank would have to obtain a German legal judgment and would then have to enforce it in Spain.

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“The Slovak economy is, surprisingly, experiencing good times,” says Tomas Rybar, Partner at Cechova & Partners in Bratislava, despite political turbulence due to lasting issues relating to corruption and some of the xenophobic and anti-immigrant attitudes that have arisen in the country in recent years – as they have across Europe – and the rise of the far-right.

On February 2, 2017, CEE Legal Matters reported that David Shasha, a well-known figure for several decades in CEE’s emerging legal markets, had agreed to come out of retirement to join Poland’s Domanski Zakrzewski Palinka law firm as Counsel. Shasha, who will be working in London, will co-ordinate DZP’s relationships with law firms, financial institutions, and companies located in the United Kingdom, as well as supporting DZP’s lawyers advising international and Polish clients.

We first spoke with Pawel Stykowski, the Head of Legal at InterRisk in Poland, two years ago, in the December 2014 issue of the CEE Legal Matters. We decided to follow up with him now to see how his role and expectations have changed in that time. 

On January 18, 2017, CEELM reported that CBRE Global Investors had sold its significant CEE retail portfolio to the CPI Property Group. On April 12th, we published an interview with the General Counsel at CPI, and now we present the perspective of Roland Bebcak, the Head of Divestments CEE at CBRE Global Investors.