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November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Very little has changed in the Albanian legal market, according to Besnik Duraj, Partner at Drakopoulos, apart from the judicial reform introduced last year to incentivize foreign investors who have been discouraged by the judicial corruption and political instability in Albania (as described by Besnik in The Buzz he provided CEE Legal Matters on July 20, 2016).

CHSH is reporting that it supervised the winning team in a competition law moot court organized by the Austrian Federal Competition Authority.

Wolf Theiss has advised the Vienna Insurance Group as issuer and Erste Group as arranger, sole lead advisor, and bookrunner on VIG's issuance of a EUR 250 million 3.5% tier 2 subordinated bond to run from 2017 to 2027.

November 7th 2017

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Revera has advised Juno — the taxi-hailing service founded by Igor Magazinik and Talmon Marco, the co-founders of Viber — on Belarusian aspects of its acquisition by online taxi service Gett.

November 7th 2017

Serbia's MIM Law has announced that former Karanovic & Nikolic Partner Tanja Unguran has joined the firm as a Partner.

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

November 7th 2017

Business is good in Bulgaria at the moment, according to Ilko Stoyanov, Partner at Schoenherr in Sofia. He draws particular attention to the real estate market — especially the shopping mall segment, which has seen four Sofia malls change owners already this year. Stoyanov isn’t able to pinpoint a particular reason for the boom, but notes that two of the malls (The Mall and the Serdika Center) are expected to be sold to a "sizeable investor”  New Europe Property Investments. The price of real estate has increased in 2017, according to Stoyanov, “reaching levels close to before the financial crisis."

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Even if you are not a lawyer, you must have heard about the so called “right to be forgotten.” You may know that it is a privacy right that allows you to demand removal of your personal information from web search results produced by a search engine and published on the Internet. The question is who is obligated to remove your personal data from the Internet upon your request. The answer is simple – the operator of that search engine, even if it is not located in your country of residence. For some mysterious reason, this simple answer does not appear to be clear to everyone.

Dvorak Hager & Partners has advised Pebal s.r.o., a producer and supplier of packaging material in the Czech Republic, on investment into the company by JB Capital and the establishment of a joint venture. Havel, Holasek & Partners advised JB Capital on the deal.

November 7th 2017

A new European law firm alliance with a substantial CEE presence has appeared on the legal scene. The new Act Legal alliance (branded in lower-case, as "act legal") consists of founding members AC Tischendorf (in Germany), BSWW (in Poland), MPH (Slovakia), Randa Havel Legal (Czech Republic), Vivien & Associes (France), and WMWP (Austria).

Kyriakides Georgopoulos has advised Cookpad International LTD on its acquisition of Greece's Sintages tis Pareas online recipe contents business.

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

The Hungarian Parliament has started the general debate concerning the new bill on the mandatory filing of country-by-country report by multinational enterprise groups (MNE Groups) located or operating in the EU. The aim is to hinder the aggressive tax-planning practices of the MNE Groups with a total consolidated revenue equal or higher than €750 million by strengthening the mandatory exchange of information. Increased transparency could have the effect of giving MNE Groups an incentive to abandon the above practices.

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Glikman Alvin's Paul Keres has successfully defended Kaur Kender, who the firm identifies as "Estonia’s most controversial writer," against the criminal charge of creation and dissemination of child pornography in his work.

November 7th 2017

Nove has represented the Estonian company OU Hotell Parnu in the Supreme Court of Estonia in a dispute relating to the validity of transactions concluded by a member of its board.

November 7th 2017

Acting on a contract with the Policy and Management Consulting Group, Nove Partner Urmas Volens has reviewed the Draft Law on Business Organizations of the Republic of Kosovo, which was prepared by the Government of Kosovo through a working group led by the Kosovo Ministry of Trade and Industry (with support from USAID Partnerships for Development).

Schoenherr has led Kosovar mobile operator Dardafon.net LLC ("Z-Mobile") to victory in its dispute against state-owned Telecom Kosovo ("PTK") in Kosovo's largest commercial arbitration to date.

ZAB Deloitte Legal has represented AS Indexo in its successful application for an investment management license and its registration as a manager of funds in a funded pension scheme.

Sorainen Latvia has advised Medap Systems, a Latvian developer of medical diagnostics equipment software, on trademark registration and intellectual property protection issues.

The Latvian office of TGS Baltic has assisted AS DNB Banka and its group companies during the insolvency proceedings of a debtor and in related legal proceedings, resulting in partial settlement of the claims and the takeover of the real properties pledged as security for the loan by a company in the DNB Banka group.

Cobalt has assisted UAB Mobilus Mokejimai in obtaining an electronic money institution license for restricted activity, enabling it to issue electronic money and provide payment services in Lithuania.

Motieka & Audzevicius has advised ZSC Techteam and ZeroSum Capital OU on each's acquisition of 40% of the shares in long-term firm client Finbee — which the firm also represented on the deal.

November 7th 2017

November 7th 2017

“Unfortunately the situation in Macedonia is not bright” says Dragan Dameski, Partner at Debarliev, Dameski & Kelesoska in Skopje, referring to the prolonged political instability in Macedonia, and the “selective implementation of rule of law by the official institutions and bodies in power.”

The Personal Data Protection Act 2005 (the “Act”) is the key legislative act that regulates personal data protection matters in Macedonia, including transfers of personal data outside of Macedonia. The Act is aligned with the EC Directive 95/46/EC (the “Data Protection Directive”). Macedonia’s obligation to align the Act with the Data Protection Directive derives from its status as a European Union candidate country, for which implementation of the EU legislation is mandatory. The Directorate for Personal Data Protection (the “Directorate”) is the Macedonian independent agency competent to oversee the Act’s implementation.

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Alexandru Reff, Founding Partner of Reff & Associates, the law firm representing Deloitte Legal in Romania, will become Country Managing Partner Deloitte Romania and Moldova on June 1st, 2017. He will succeed Ahmed Hassan, who takes on a regional leadership position.

The Komnenic Law Office has opened its doors in Podgorica, Montenegro. 

November 7th 2017

Serbia's MIM Law has announced that former Karanovic & Nikolic Partner Tanja Unguran has joined the firm as a Partner.

Linklaters Warsaw, working pro bono, has assisted the Empowering Children Foundation on its purchase of property in Warsaw earmarked to be Poland's first specialist support center for children.

Gessel has represented private equity fund Highlander Partners on its take-over of Rotometal Sp. z o.o. S.K., a producer of cylinders used in printing adhesive labels for the consumer sector and other polygraphic components. Sobczynski Adwokaci advised Rotometal and its owners in the transaction. Final terms were not provided.

Gessel has advised the Madej Wrobel cold cut producer on its take-over by Bruno Tassi. The Leszek Czarny, Wojciech Budny & Partners firm advised the buyers.

This month's cover article aims to analyze, in the specific context of a case study based on the experience of our team, the practical effects on companies of the lack of corroboration or compatibility of certain legal provisions.

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Clifford Chance has advised EVRAZ plc, the London-listed globally integrated steel, mining. and vanadium company, on its disposal of the entire issued share capital of its fully owned subsidiary Joint Stock Company EVRAZ Nakhodka Trade Sea Port to its majority shareholder Lanebrook Limited for a cash consideration of USD 354.4 million. Latham & Watkins advised Lanebrook Limited on the deal.

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Serbian national electricity company, Electric Power Industry of Serbia (“EPS”), is working actively on the development of systems for generation of renewables. Some of the most important ventures at the moment are construction of solar and wind farm in Kostolac, a small town in the eastern part of Serbia, as well as support to investments in the field of biofuels.

November 7th 2017

Serbia's MIM Law has announced that former Karanovic & Nikolic Partner Tanja Unguran has joined the firm as a Partner.

November 7th 2017

A new European law firm alliance with a substantial CEE presence has appeared on the legal scene. The new Act Legal alliance (branded in lower-case, as "act legal") consists of founding members AC Tischendorf (in Germany), BSWW (in Poland), MPH (Slovakia), Randa Havel Legal (Czech Republic), Vivien & Associes (France), and WMWP (Austria).

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Due to technological advances, it is becoming increasingly difficult for people to effectively manage the way their personal information is being collected and stored. It is thus quite surprising that the provisions of the Slovenian Personal Data Protection Act have managed to stay unchanged for almost ten years. But that does not mean that there have been no recent developments in the information privacy regulatory framework.

Esin Attorney Partnership has represented the shareholders of Eko Faktoring A.S. in their acquisition of the remaining 18.4% of shares in Cooperatieve BVS Financial Services.

Ilyashev & Partners is reporting that the UAH 25 million award of damages it obtained for the Antonov State Company in 2012 in a dispute with the General Directorate of State Airports Authority of Turkey and its underwriters has now been received in full by its client.

November 7th 2017

DLA Piper is announcing that Alla Kozachenko has been appointed as Head of Corporate and M&A practice in the firm's Kyiv office.

Ilyashev & Partners is reporting that the UAH 25 million award of damages it obtained for the Antonov State Company in 2012 in a dispute with the General Directorate of State Airports Authority of Turkey and its underwriters has now been received in full by its client.

November 7th 2017