22
Thu, Feb
25 New Articles

Latest News and Briefings

Grid List

Fort's Tallinn office has successfully represented a subsidiary of Baltic real estate fund EfTEN in a dispute against a former lessee.

Act BSWW has advised Buma Group on its lease agreement of space at the DOT Office in Krakow to Shell. Shell was assisted by the Jezolkowski law firm.

Leadell Pilv has successfully represented Aigar Lepp, the manager of Tartu Valla Kommunaal OU and Miljon Motet OU, against charges of corruption brought by the Public Prosecutor’s Office, including the falsification of and use of a falsified procurement document.

Kocian Solc Balastik has advised Czech game development studio Warhorse on the initial crowdfunding for the launch of its "Kingdom Come: Deliverance" video game and on legal aspects of the game’s development, including licensing arrangements with external software developers.

Redcliffe Partners has advised the EBRD in relation to the unfunded risk participation agreement with Raiffeisen Bank Aval of a total value of EUR 20 million. On English law, the EBRD was advised by Clifford Chance, while Bank Aval used its internal legal department.

White & Case has advised JSC Siberian Anthracite, a producer and exporter of ultrahigh-grade anthracite, on a pre-export financing of up to USD 570 million from a pool of international and Russian banks.

Act BSWW has advised Kulczyk Silverstein Properties on its lease agreement negotiations with the tenants of the Ethos office and retail building in Warsaw, which include HBO and Hogan Lovells.

Lakatos, Koves & Partners has advised Atrium Properties on its sale of the EuroCenter Obuda Shopping Center in Budapest and the Family Center Shopping Center and the Praktiker Department Store in Szombathely, Hungary, to Hungarian real estate developer Wing Zrt. The buyer was advised by Szecsenyi & Partners.

CMS has advised Goodman, an Australian integrated commercial and industrial property group, on the development of an 87,200 square meter greenfield logistics facility in Hungary.

CMS Reich-Rohrwig Hainz has opened a new office in Skopje, giving the Vienna-based member of the international CMS network a total of ten branches.

Stratulat Albulescu Attorneys at Law has announced that Costin Teodorovici has joined them as Partner, bringing his 14 years of expertise in the field of banking and finance to the firm.

Zamfirescu Racoti & Partners has named Associate Professor Mirela Gorunescu the new coordinator of its Business Crime Practice, which she takes over from recently departed head Antoniu Obancia.

Sofia Kallianteri, Konstantina Stampelou, and Alexia Mandrali have joined Greece's Manousakis law firm as Junior Partners. 

Dentons Poland is announcing that Partner Anna Maria Pukszto has become co-head of its Litigation and Arbitration Team with previously solo head Partner Wojciech Kozlowski.

Czech lawyer Erik Kolan has become the seventh partner at Glatzova & Co in Prague.

Sorainen has promoted Estonian lawyers Mihkel Miidla and Paul Kunnap and Lithuanian lawyers Augustas Klezys and Mantas Petkevicius to the firm's partnership.

Integrites has appointed Viktoriia Melnychenko Head of the firm's Agro & Food Practice, which, the firm reports, "aims to provide comprehensive legal support, construction of operational processes, and structuring in order to attract investments in the field of agriculture and food industry."

Martina Tomova has become the Head of Compliance, Risk, and Customer Support at E&G Finances in Sofia.

After having dealt with a problem of practical interest for companies in the December 2017 issue of our newsletter in terms of GDPR requirements, we intent to cover in this article another topic of major interest for companies: when must they assess the impact of their processing of personal data activities and, if so, how do they make this assessment?

On 29 December 2017, the Montenegrin parliament adopted a new Law on Tourism and Hospitality (the "Law"), which entered into force on 18 January 2018.

As a result of the new Hungarian Code of Civil Procedure, from 1 January 2018 the parties of a dispute may conclude a settlement in civil cases before a public notary without initiating a court proceeding in the framework of a new non-litigious procedure.

The revised payment services directive (“PSD2”) has already been implemented in Hungary, most of the provisions will be effective on 13 January 2018. PSD2 will open up the payment market to new players (“fintech companies”) in the payment services, particularly to payment initiation service providers (“PISPs”) and to account information service providers (“AISPs”), and introduces strict security requirements for the initiation and processing of electronic payments (strong customer authentication – “SCA”). 

The Turkish Competition Authority (“TCA”) had initiated a preliminary inquiry into Garanti Bank’s  activities following the complaint lodged by the association representing the Turkish payment and electronic money sector (“ODED” in Turkish).

In November 2017 a new government decree entered into force on the status, organisation and tasks of the Hungarian State Treasury (Treasury). 

In 2017, Ukraine implemented several anti-corruption steps based on its contractual obligations per loan arrangements with the EU and the IMF1. However, the speed of implementation is slow, which is frustrating for international financial organisations, as well as the broader business community. 

Closing of Chapter 27: Environment is one of the most difficult and expensive challenges Serbia faces on its EU accession path.

Parallel to the European Union Regulation No 17: First Regulation implementing Articles 85 and 86 of the Treaty, Article 9 (3) of the Law No. 4054 on the Protection of Competition (“Competition Law”) regulates “termination of infringements” as “the Board, prior to taking a decision (…) shall inform in writing the undertaking or associations of undertakings concerned of its opinions concerning how to terminate the infringement”.

More Stories

Grid List

The kick-off to this year in Montenegro has been quite successful, says Luka Popovic, Partner at BDK Advokati in Podgorica, who reports a number of ongoing projects in his office.

French lawyer Bruno Leroy is the Founding Partner of the highly-regarded Leroy si Asociatii law firm in Bucharest. Leroy, who is a member of the Paris and Bucharest Bar Associations, has been working in Romania for almost twenty years, specializing in M&A and real estate transactions and on sensitive European law and competition matters.

Hungarian lawyer Peter Paroczi is the Director Counsel at Harman International, the US-based consumer electronics company. He joined Harman in Budapest earlier this year, after spending four years in private practice and then another seven in-house, first with Samsung Electronics, then at E.On. He agreed to answer some of our questions about his career.