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Latest News By Practice

Vegas Lex has prepared Russia’s first “federal special investment contract” for the Russian Federation and the Russian subsidiary of Germany's CLAAS group of companies.

Vasil Kisil & Partners has successfully represented the UNIQA Insurance Company in a dispute over payment of an insurance indemnity in connection with a low crop yield caused by drought.

TVINS has represented UAB Agrosfera, a large grain purchaser in Lithuania, on its purchase of real estate and entrance into a state-owned land plot lease agreement.

Vilgerts has been engaged by Proof IT to challenge the procurement decisions of the European Institute for Gender Equality involving the award of framework IT service contracts before the General Court of the EU.

Both Varul — the Estonian office of Tark Grunte Sutkiene — and Raidla Ellex are reporting success in a dispute before the Estonian Supreme Court involving the country's Administrative Reform Act. Varul represented 23 smaller municipalities claiming that the Act violated their constitutional rights, while Raidla Ellex defended the Act on behalf of the Government of the Republic of Estonia.

satellitetoday.com

Estonia

Triniti has successfully persuaded the Estonian Supreme Court to dismiss the Estonian Author’s Union (EAU) appeal for cassation in a dispute with Viasat.

Wolf Theiss is reporting that it advised the EBRD on its December 5, 2016 issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. Raiffeisen Banka AD, Beograd, which acted as underwriter for the issuance, was advised by AP Legal, while Citigroup Global Markets Limited, which acted as marketing agent, was advised by Harrison Solicitors.

The Polish Supreme Court has ruled that rents collected in the course of bankruptcy proceedings by a bankruptcy receiver out of real property encumbered with a mortgage are part of a separate distribution plan, and thus may only be paid out to the creditors holding such mortgage.

Wolf Theiss Bucharest has assisted LUKERG Renew, through its subsidiary Land Power SRL, to obtain a loan facility of 57 million Euro from the EBRD. The facility was obtained in order to finance the 84 MW Topolog - Dorobantu wind farm, located in the Romanian region of Tulcea.

Wolf Theiss is reporting that it advised the EBRD on its December 5, 2016 issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. Raiffeisen Banka AD, Beograd, which acted as underwriter for the issuance, was advised by AP Legal, while Citigroup Global Markets Limited, which acted as marketing agent, was advised by Harrison Solicitors.

Wolf Theiss has announced that it provided local Austrian advice to FACC on the Chinese company's EUR 213 million IPO and listing on the Viennese Stock Exchange. As reported by CEE Legal Matters on June 27, 2014, Skadden provided the international advice.

Wolf Theiss has advised J.P. Morgan Securities on the issuance of bonds by Petrol, d.d, Ljubljana, the leading Slovenian energy company.

Zivkovic Samardzic reports that it has obtained competition clearance in Serbia, Montenegro, and Macedonia for Petrol d.d. Ljubljana’s acquisition of control over the Slovenian natural gas trader Geoplin.

WKB Wiercinski, Kwiecinski, Baehr has promoted Competition specialist Bartosz Turno to Partner.

White & Case has achieved what it calls “a significant success” for the Hellenic Steelmakers Union (ENXE) before the Hellenic Competition Commission (HCC).

In recent years, President Obama has ordered significant changes to the longstanding U.S. sanctions on Cuba and Iran as well as imposed new sanctions on Russia. President-elect Trump has been generally critical of the Obama administration’s relaxation of U.S. sanctions on Cuba and Iran, and his views on Russia appear more favorable than those of the outgoing administration.

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.

Sayenko Kharenko’s international trade team has represented Vita Polymers Poland in a safeguard investigation related to imports into Ukraine of plates, blocks, and sheets of flexible foam initiated by the Interdepartmental Commission on International Trade.

commons.wikimedia.org

Serbia

Zivkovic Samardzic has announced that it is representing Oiltanking in the company's entrance into Serbia via a joint venture with Serbian Public Enterprise Transnafta Pancevo.

Zamfirescu Racoti & Partners has obtained a new final arbitration award from the International Chamber of Commerce (ICC) Paris partially accepting the counterclaim made by the management company for state-owned stakes in the Societatea de Administrare a Participatiilor in Energie (SAPE) energy companies against E.ON Romania S.R.L. (E.ON). As a result of the ruling, E.ON is obliged to pay the amount of RON 4,070,948 (approximately EUR 901,000) plus interest to SAPE in compensation for infringing the minority shareholder’s rights in its distribution of dividends.

Z/C/H Legal has advised CEM VISION, a Czech investment company, on its acquisition of a 100% ownership interest in CEMOD-CZ s.r.o., the former home and fashion subsidiary of the 3SI Group in the Czech Republic and Slovakia. The seller was advised by Kinstellar in the Czech Republic and Linklaters in France.

Zamfirescu Racoti & Partners (ZRP) has advised Complexul Energetic Hunedoara, a company fully owned by the Romanian State, on its absorption of Societatea Nationala a Huilei Petrosani, a state company active in the mining field. The formalities of registration with the Trade Registry Office of the merger operation were completed on July 8, 2013.

commons.wikimedia.org

Serbia

Zivkovic Samardzic has announced that it is representing Oiltanking in the company's entrance into Serbia via a joint venture with Serbian Public Enterprise Transnafta Pancevo.

Zamfirescu Racoti & Partners has obtained a new final arbitration award from the International Chamber of Commerce (ICC) Paris partially accepting the counterclaim made by the management company for state-owned stakes in the Societatea de Administrare a Participatiilor in Energie (SAPE) energy companies against E.ON Romania S.R.L. (E.ON). As a result of the ruling, E.ON is obliged to pay the amount of RON 4,070,948 (approximately EUR 901,000) plus interest to SAPE in compensation for infringing the minority shareholder’s rights in its distribution of dividends.

Weil is reporting that, in a case referred to the firm by LGBTQ immigrant rights organization Immigration Equality, its lawyers have secured asylum for a Russian pro bono client on the grounds that he suffered past persecution on account of his sexual orientation and had a well-founded fear of future persecution if required to return to Russia.

The Supreme Court of Poland has accepted for a hearing the cassation appeal in a civil rights case handled pro bono by lawyers at Wardynski & Partners.

Wardynski & Partners attorney Zuzanna Rudzinska-Bluszcz has won a claim of wrongful detention on behalf of a client she represented pro bono.

Zivkovic Samardzic is advising the Austrian Development Agency on the rehabilitation of flood protection infrastructure in Serbia.

Wolf Theiss has announced that the firm's Zagreb branch successfully assisted Split-based Adria Steel in enabling customs-free exports of Croatia-produced steel products to Algeria. Adria Steel is wholly-owned by Techcom.

Wolf Theiss has advised OBB in a tender for up to 200 freight locomotives in areas dealing with procurement and contract law. Siemens succeeded as the best bidder in the tendering procedure.

The Polish Supreme Court has ruled that rents collected in the course of bankruptcy proceedings by a bankruptcy receiver out of real property encumbered with a mortgage are part of a separate distribution plan, and thus may only be paid out to the creditors holding such mortgage.

Wolf Theiss has confirmed that it advised Smartown Investments on its EUR 30.3 million acquisition of the Swan Office & Technology Park in Bucharest from Casa de Insolventa Transilvania (CITR), the bankruptcy administrator for Swan Property.

Wolf Theiss has announced that it has advised the Slovenian Pivovarna Lasko brewery on a EUR 300 million debt restructuring.

Workplace privacy issues, especially those relating to the privacy of employees’ communications, have been a major issue for both employment and privacy law practitioners.

Introduction 

Turkey has recently adopted a new law to officially enable temporary employment relationships through private employment agencies, while offering better protection for temporary staff.

An Employee Stock Ownership Plan (ESOP) can be established for boosting the company’s economic performance by providing the company's workforce with business interest in the company. As a result of the newly adopted Hungarian legislation on ESOP, financial institutions and insurance companies are no longer excluded from the possibility of creating an ESOP, which, nevertheless, remains an available tool for other companies as well.  

baxter.com

Deals and Cases

Wolf Theiss has advised the US pharmaceutical giant Baxter on the sale of its commercial vaccine business to Pfizer for a reported USD 635 million.

White & Case has advised the lenders and the hedging banks, including SMBC, BTMU, Siemens Bank, and Intesa Sanpaolo, on the EUR 150 million financing of a 475-bed hospital public-private partnership (PPP) in Yozgat, Turkey.  

med.dobrobut.com

Ukraine

Vasil Kisil & Partners has announced that it has acted as legal advisor to the UBG Corporation in its February sale of shares in the Ukrainian Dobrobut medical clinic chain to Concorde Capital and Oleg Kalashnikov, the co-owner of the Luxoptica chain in Ukraine.

Zivkovic Samardzic has announced its successful representation of Serbia's 021 broadcaster in a copyright infringement case resulting in what the firm calls “a landmark decision … reinterpret[ing] the current events exception in Serbian copyright law."

Zivkovic Samardzic has successfully represented Vojvodjanska Banka a.d. Novi Sad before Serbia's Supreme Court of Cassation in civil proceedings related to a bank guarantee issued by the bank’s legal predecessor to Moscow Investment Bank (MIB) as collateral for a USD 3 million loan granted to petrochemical plant HIP Pancevo.

Zamfirescu Racoti & Partners has obtained a new final arbitration award from the International Chamber of Commerce (ICC) Paris partially accepting the counterclaim made by the management company for state-owned stakes in the Societatea de Administrare a Participatiilor in Energie (SAPE) energy companies against E.ON Romania S.R.L. (E.ON). As a result of the ruling, E.ON is obliged to pay the amount of RON 4,070,948 (approximately EUR 901,000) plus interest to SAPE in compensation for infringing the minority shareholder’s rights in its distribution of dividends.

Vasil Kisil & Partners has acted as a legal advisor to AWAS, one of the world’s largest aircraft lessors, in connection with the execution of a large-scale agreement for sale to KAHALA of a portfolio of 30 aircraft worth over USD 260 million that have been leased to 16 airlines in 14 countries worldwide.

Kocian Solc Balastik has advised Air Canada and China Eastern Airlines on their entry into the Czech aviation market.

Ilyashev & Partners has successfully defended the interests of the State Enterprise Antonov in a court dispute with JSC Aviacor-Aviation Plant in the Arbitration Court of the Samara Region in a dispute involving remuneration for use of a trademark during the manufacture and sale of aircraft.

Watson, Farley & Williams has advised HSH Nordbank on a transfer of 10 distressed vessels out of its non-core portfolio to the Navios Group.

The Latvian Spilbridge law firm has prevailed in the Kurzeme Regional Court in a case involving the Latvijas Naftas Tranzits company and the Ventbunkers oil products transfer terminal at Latvia's Ventspils port – one of LNS's major shareholders.

Sayenko Kharenko has announced its participation in advising on the April 16, 2014 binding agreement pursuant to which Hapag-Lloyd will take over the container division of Compania Sud Americana de Vapores (CSAV).

Zivkovic Samardzic has announced that it has supported South Central Ventures (SCV) with a EUR 700,000 investment in City Expert, a Belgrade-based startup that, according to the firm, “has gained traction rapidly with its innovations and use of technologies in real estate sale and rental sector."

Wolf Theiss has advised Tricentis, a Vienna-based company specializing in automated software testing solutions, on new financial investment into the company from Insight Venture Partners. Binder Groesswang advised Insight on the investment.

mloss.org

Deals and Cases

In a first financing round, Wolf Theiss has advised IT company RapidMiner on taking on USD 5 million in new capital from Earlybird Venture Capital and Open Ocean Capital. 

White & Case is attending the Winter Olympics in Sochi to help athletes resolve any legal disputes which may arise during the games. 

The Supreme Court of Poland has accepted for a hearing the cassation appeal in a civil rights case handled pro bono by lawyers at Wardynski & Partners.

Wardynski & Partners attorney Zuzanna Rudzinska-Bluszcz has won a claim of wrongful detention on behalf of a client she represented pro bono.

The Polish Supreme Court has ruled that rents collected in the course of bankruptcy proceedings by a bankruptcy receiver out of real property encumbered with a mortgage are part of a separate distribution plan, and thus may only be paid out to the creditors holding such mortgage.

Wolf Theiss has advised Eurazeo Patrimoine on its acquisition of 85 hotels (operating under Ibis Budget, Ibis Styles, Mercure, Novotel, and Pulman brands) from AccorHotels and other investors. The sellers were advised by Doralt Seist Csoklich (DSC) on the transaction, which is worth more than half a billion euros. The hotels will join the newly created Grape Hospitality Group, a joint venture between Accor and Eurazeo.

Wolf Theiss has confirmed that it advised Smartown Investments on its EUR 30.3 million acquisition of the Swan Office & Technology Park in Bucharest from Casa de Insolventa Transilvania (CITR), the bankruptcy administrator for Swan Property.

Zepos & Yannopoulos has become the official correspondent of the International Bureau of Fiscal Documentation (IBFD) on current Greek VAT matters. 

Jara Drapala & Partners has announced that Magdalena Zasiewska has joined the firm as Head of Tax.

Wolf Theiss has announced that the firm's Zagreb branch successfully assisted Split-based Adria Steel in enabling customs-free exports of Croatia-produced steel products to Algeria. Adria Steel is wholly-owned by Techcom.

Zivkovic Samardzic has announced its successful representation of Serbia's 021 broadcaster in a copyright infringement case resulting in what the firm calls “a landmark decision … reinterpret[ing] the current events exception in Serbian copyright law."

Calling itself "a new player in the Turkish TMT legal market," a new boutique — Yazicioglu Attorneys at Law — has begun to serve clients in Istanbul.

mloss.org

Deals and Cases

In a first financing round, Wolf Theiss has advised IT company RapidMiner on taking on USD 5 million in new capital from Earlybird Venture Capital and Open Ocean Capital. 

A change to Czech law on the criminal liability of companies (and other legal entities) will come into force on 1 December 2016. The radical approach adopted in the new law significantly increases the risk of companies being convicted of criminal offences.

The majority of criminal behaviours are quite universal, but what usually differs, among different jurisdictions, are the punishments and procedures of detection and the processing of the crimes. In that sense, the understanding of white collar crimes (WCC), as a group of specific crimes, is universal.

thewhitecollarblog.com

On the Move

The Baltic Varul law firm has joined the Roxin Alliance -- a global network of white-collar crime experts.