Partner Akos Fehervary has been elected as the new Managing Partner of the Baker McKenzie Budapest office, as of July 1. Fehervary takes over the position from Partner Zoltan Hegymegi-Barakonyi, who led the operation for the past nine years.
Did You Know: Elvan Aziz and Kerem Turunc Atop Turkish Deal Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Paksoy Partner Elvan Aziz and Turunc Partner Kerem Turunc have both worked on 36 reported deals in Turkey since 2013, putting them in a two-way tie atop the leaderboard in the country in that time?
Schoenherr Advises Kontron on Sale of Divisions Within IT Services Business for EUR 400 Million
Schoenherr, working with Pinsent Masons and Wenger Vieli, has advised Kontron on selling parts of Kontron Group’s IT services business to Vinci Energies during a competitive auction process, for approximately EUR 400 million. Reportedly, Baker McKenzie’s German office advised Vinci Energies. Loloci & Associates advised Kontron on Albanian matters.
Turkey: Recent Developments and a Comparison on ESG
Sustainability has been defined by the United Nations as "meeting the needs of the present without compromising the ability of future generations to meet their own needs" and, in a corporate context, it refers to a company's overall approach to managing a wide range of environmental, social, and governance risks and issues. Sustainability and ESG are increasingly becoming part of companies' board agenda, understood by companies through a regulatory, compliance, and risk management lens, and seen as inextricably linked with a green light to operate. Companies engage in ESG not only to “do good,” but also due to a growing recognition that taking a robust approach to managing these issues can mitigate risk and provide benefits such as enhanced consumer trust and loyalty, ability to attract talent, ability to meet stakeholder expectations and improve the company’s resilience, and profitability over the long term.
Gide Advises KGHM International on Sale of Franke Mine in Chile
Gide Loyrette Nouel’s Warsaw office has advised subsidiaries of KGHM International on the sale of their shares in Sociedad Contractual Minera Franke – which owns the Franke mine in Chile – to Minera Las Cenizas. Philippi Prietocarrizosa Ferrero DU & Uria reportedly advised the buyer.
Esin Attorney Partnership and Gedik & Eraksoy Advise on Sale of Airties to Providence Equity Partners
Esin Attorney Partnership and Baker McKenzie have advised the board, principal shareholders, and equity investor Invus on the sale of Airties to Providence Equity Partners. Gedik & Eraksoy and Allen & Overy advised the buyer. YC Law and DLA Piper reportedly also advised the seller.
Closing: Echo Investment’s EUR 56 Million Sale of Office Buildings in Lodz to KGAL Group Now Closed
On July 4, DLA Piper announced that Echo Investment’s EUR 56 million sale of three office buildings within its mixed-use Fuzja revitalization project in Lodz to German investment manager KGAL Group (reported by CEE Legal Matters on January 28, 2022) had closed.
Greenberg Traurig and Baker McKenzie Advise Echo Investment on Sale of Office Building in Wroclaw
Greenberg Traurig and Baker McKenzie have advised Echo Investment on the sale of the MidPoint 71 office building in Wroclaw to the Trigea Real Estate Fund.
Building on 35-Year-Old Roots: Baker McKenzie Hungary Marks Coral Anniversary with Leadership Change
With Baker McKenzie’s Budapest office celebrating its 35th anniversary this year, we spoke with Partners Zoltan Hegymegi-Barakonyi and Akos Fehervary to learn more about the firm’s track record in the country as well as what we can expect with the former passing on the Managing Partner role to the latter this July.
Strike! Law Firms Compete in 5th CEELM Budapest Law Firm Bowling Challenge
On June 30, 2022, CEE Legal Matters hosted the fifth edition of the CEELM Budapest Law Firm Bowling Challenge: A competition of four-person teams from leading law firms in Hungary, with all proceeds going to the previous winner’s charity of choice. A total of 13 law firms competed for the trophy – and the bragging rights that go along with it.
Baker McKenzie Advises on Sale of Argo-Hytos to Voith
Baker McKenzie has advised Argo-Hytos Group owners Christian Kienzle and FSP Capcellence on selling a 79.5% stake in Argo-Hytos to the Voith Group.
ODI Advises NeoGames on Acquisition of Aspire Global
ODI Law has advised NeoGames on the acquisition of Aspire Global through a recommended public offer. Reportedly, Latham & Watkins, Herzog Fox & Neeman, Hannes Snellman, Allen & Overy, and Camilleri Preziosi advised NeoGames as well. Baker McKenzie reportedly advised Aspire Global.
DLA Piper and Baker McKenzie Advise on Avallon and Genesis Capital Sale of Stangl Technik to Spie
DLA Piper has advised the Avallon MBO Fund II and the Genesis Private Equity Fund III on their sale of Stangl Technik Holding to Spie Central Europe. Baker McKenzie advised the buyer.
The Buzz in Austria: Interview with Lukas Feiler of Baker McKenzie
An important case before the ECJ that could have major legislative implications for Austria, a draft law regulating whistleblowing, and a major data center acquisition – the hottest topics in Austria right now, according to Baker McKenzie Partner Lukas Feiler.
Baker McKenzie Advises AGIC Capital on Acquisition of Grafotronic
Baker McKenzie has advised AGIC Capital on its acquisition of a majority stake in Grafotronic and its subsidiaries. Setterwalls advised Grafotronic's shareholders.
Baker McKenzie, Babic & Partners, DGKV, NNDKP, and Jadek & Pensa Advise Palfinger on Establishing European Employee Representation
Baker McKenzie has advised Palfinger on establishing its European Works Council. Babic & Partners, Djingov Gouginski Kyutchukov & Velichkov, Nestor Nestor Diculescu Kingston Petersen, and Jadek & Pensa advised Palfinger on Croatian, Bulgarian, Romanian, and Slovenian law-related matters, respectively. Bech-Bruun, Arntzen de Besche, and PBBR reportedly advised on Danish, Norwegian, and Portuguese law-related matters.
Schoenherr and Baker McKenzie Advise on ARZ's Sale to Accenture
Schoenherr has advised the sellers on the sale of ARZ Allgemeines Rechenzentrum to Accenture. Baker McKenzie advised the buyer.
Malecki Legal and Baker McKenzie Advise on Sale of Brand New Galaxy to Stagwell
Malecki Legal has advised Brand New Galaxy on its sale to Stagwell. Baker McKenzie advised Stagwell on the acquisition. Reportedly, Soltysinski Kawecki & Szlezak, Loyens & Loeff, Benvalor, Al Tamimi & Company, and Baker Hostetler advised Brand New Galaxy as well.