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Goltsblat BLP has advised Russian billionaire Roman Avdeev's Rossium group of companies on their acquisition of a 90.99% stake in Mikhail Prokhorov's Onexim group's PJSС OPIN development group. Onexim was advised by Herbert Smith Freehills on the deal.

Kinstellar, working alongside Linklaters, has advised the Belgian KBC Group on its EUR 610 million acquisition of the United Bulgarian Bank and Bulgaria's Interlease leasing company from the National Bank of Greece.

Balcioglu Selcuk Akman Keki Attorney Partnership has succesfully advised Pera Capital on its acquisition of 45% of the shares of Asset Medikal from the Teknoloji Yatirim A.S. venture capital firm and founding Asset Medikal shareholders Mehmet Tuysuz, Fusun Tuysuz, and Filiz Bayindir. The Akol Ozok Namli Attorney Partnership advised Teknoloji Yatirim and the Yasaman Law Firm advised the shareholders.

PRK Partners has announced that it advised SABMiller group on Czech and Slovak issues related to its sale of its CEE businesses — including Czech brewery Plzensky Prazdroj and Slovak brewery Pivovary Topvar — to the Japanese Asahi Group.

Sorainen Lithuania gas advised Finnish energy company Gasum on the sale of its shares in GET Baltic to Amber Grid, a Lithuanian gas transmission system operator. The transaction closed at the end of 2016.

On December 24, 2016, Dechert secured a victory for MOL Hungarian Oil & Gas Plc in what Dechert describes as "a bet-the-company, multi-billion dollar arbitration."

Oppenheim has announced that IP/IT specialist Aron Laszlo has become a Partner at the firm.

Altug Ozgun has confirmed that in January 2017 he left the Sandoz to become the Ethics & Compliance Director at Astellas Pharma, Inc.

Christopher Rose has joined Dentons as Head of the Europe Venture Technology group and Partner in the Corporate and M&A and Private Equity practices. He will split his time between London, Warsaw, and Moscow.

Martin Vlcek has joined Deutsche Bank as its new Head of Compliance & Country AFC Officer in the Czech Republic.

Austrian dispute resolution firm Knoetzl has announced the addition of three new lawyers, including new Partner Teresa Bogensberger, who joins from Eversheds International.

Baker McKenzie Moscow Partner Alexey Trusov has been appointed the new Head of the firm's EMEA Healthcare Group Steering Committee.

Turkey’s main regulation regarding advertisements, the Regulation on Commercial Advertisement and Unfair Commercial Practices (“Regulation”) was amended with another regulation published on the Official Gazette of 4 January 2017, effective immediately. Those who advertise their products and services, advertisement agencies and the media that publishes such advertisement should abide by the Regulation. 

The General Annunciation on Law on Restructuring of Some Receivables numbered 6736 Serial No: 1 has explained the article 7 titled “Acquiring Some Assets to National Economy” of “Law on Restructuring of Some Receivables” (“Law”).

The Serbian Parliament has recently adopted amendments to the Criminal Code. The amendments include a significant overhaul of the legal framework for white collar crimes, touching upon the rules relevant for antitrust enforcement as well.

The new Serbian Housing Act is a long-awaited codification of all the statutes pertaining to housing. The Building Maintenance Act and Housing Act were passed in its original texts more than two decades ago, and were rendered obsolete by the changes in society and economics climate. But the big question is – will there be enough funds for carrying out all the ideas laid out by the legislators?

The Hungarian Parliament has recently adopted an amendment to the Hungarian Competition Act and to the Hungarian Consumer Protection Act. The amendment implements the rules of Directive 2014/104/EU issued by the European Parliament and the Council, which includes the rules of the actions for damages arising from infringements of the competition law provisions.

Effective 1 January 2017, higher fines will be imposed for certain violations of Law No. 6502 on Protection of Consumers (the "Consumer Protection Law"). Fines will increase by 3.83 percent compared to 2016.

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In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.

Czech lawyer Ivan Nechvatal has spent the past five years at CEZ, becoming a Corporate Governance Advisor - Turkey in July of this year. Based in Istanbul, Nechvatal participated in the 2016 General Counsel Summit in the city and was kind enough to share his thoughts on working in the Queen of Cities.

Based in Ankara, Bora Kaya is the Managing Legal Counsel at Gama Power Systems Engineering and Contracting, a company that he first joined in March 2015. Prior to that he was the Head of Legal at Ronesans Holding from October 2012 to December 2014. Earlier still, he worked for Eregli Iron and Steel Works Co. as the Assistant to the Head of Legal Department.

On October 14, 2016, CEE Legal Matters reported that the Norwegian property company Linstow AS had sold its stake in UAB Baltijos Parkai, the holder of Park Inn hotels in Lithuania, to UAB Green Hotel. We reached out to Knut Loken, the Chief Investment Officer at Linstow, for more information on the sale.