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CMS has advised private equity fund Resource Partners, a longstanding client of the firm, on its sale of Delicpol, a manufacturer of cookies sold under private labels, to Continental Bakeries, a manufacturer of sweets owned by Goldman Sachs Merchant Baking Division and Silverfern, a private equity fund. Noerr Warsaw advised the buyers on the deal. Closing of the transaction is contingent on the approval of market regulators.

CMS has advised Indian automotive components manufacturer Pricol Ltd. on its acquisition of PMP PAL International s.r.o., a Czech company which manufactures automotive windscreen wiper parts, from PMP Auto Components (part of the Ashok Piramal Group). The sellers were advised by India's DSK Legal.

A number of changes to the Labor Code expected to come into force on July 1, 2017, will not do so. These amendments to the Code – which were submitted to the President of the Parliament by the head of the Economic Committee – would primarily have affected work-time scheduling provisions, making the Labor Code more sensitive to the needs of the improving economy and changing labor market. According to Parliament, the amendments would have significantly improved production for businesses over a period of six to seven years. 

As the first half of 2017 draws to an end, dispute resolution in Poland continues to face dynamic changes. This is due to numerous pieces of legislation being implemented as well as certain policy issues of the ruling party. We focus in this article on several trends or changes that our clients are struggling with or which might affect businesses in the foreseeable future.

Almost a year and a half after Poland’s Restructuring Law entered into force, introducing a clear separation between restructuring and bankruptcy, now is a good time to review its affects.

Intellectual Property protection in its modern sense is considered to be quite young in Russia. Although Russia is not far behind world standards for protection and enforcement of Intellectual Property, major changes took place in Russia in 2008. Almost ten years ago the Fourth Chapter of the Russian Civil Code incorporating various Intellectual Property-related rules came into effect. Of course, this area of law is still changing, leading to new amendments, improvement proposals, and legal discussions. 

25 Years in Russia

Every day your world is changing – presenting new challenges, new risks – but also new opportunities. CMS is an alliance of independent law and tax firms established for our clients to benefit from high quality business-focused advice in law and tax matters wherever they need it. 

CMS has been supporting numerous organisations in the developing and challenging Russian economy since 1992. We advise international clients on every aspect of business in Russia, as well as Russian companies abroad.

Ranked as top 10 global law firm (Am Law Global 100), our 3,400 legal professionals in 65 offices in Europe and beyond, through our technical rigour, strategic expertise and deep focus on building long-term partnerships, are committed to putting our clients and their business success first. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies.

Firm's website: www.cms.law