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22 New Articles

Jara Drapala & Partners is reporting that it has successfully reached a settlement on behalf of Alpine Bau Deutschland AG in a lawsuit brought by the company as part of a consortium of contractors in 2014 against the Polish State Treasury for damages related to the consortium's construction of the National Stadium in Warsaw. In its initial claim, Alpine Bau demanded PLN 139 million in damages and remuneration. Linklaters advised the Polish State Treasury in negotiations, with CMS advising Zurich Insurance.

According to Marton Domokos, Senior Counsel of CMS in Budapest, one of the hottest topics in Hungary at the moment is the new set of data protection recommendations issued by the country's Data Protection Authority (DPA), which he says have a wide range of ramifications in terms of employment policies. 

Graham Conlon is a Partner and English-qualified solicitor at CMS, where he is the Co-Head of International Private Equity and the Head of Corporate and M&A in Kyiv. He divides his time between Warsaw and Kyiv and has a regional role and advises on private equity and M&A transactions throughout Europe and beyond.

On July 26, 2016, a cross-section of eminent lawyers from leading law firms in Ukraine gathered at DLA Piper’s Kyiv office for a wide ranging Round Table conversation about the state of the Ukrainian economy and legal market and their expectations for both going forward.  

CMS has advised German real estate fund Deka Immobilien on the acquisition of the prestigious building complex “The Park” in Prague from an affiliate of the Starwood Capital Group global private investment firm. Dentons advised the sellers on the deal, which was signed on September 29 and came to a successful close on November 14. According to CMS, it is the largest ever office transaction in the Czech Republic.

 
Poland Doing Better than Most

According to Ron Given, Partner at Wolf Theiss, “the Polish market is doing better than most of the world where M&A is down.”

Dentons has advised P3 Logistic Parks on Polish and Romanian aspects of a EUR 1.4 billion pan-European refinancing of its logistics portfolio, with White & Case advising P3 on Czech and Slovakian aspects and Freshfields advising P3 on separate facilities for Western Europe (including Poland). Financing in Poland and Western Europe was provided by Morgan Stanley with Pbb as agent (advised by Allen & Overy), in Romania by Raiffeisen Bank International (advised by CMS), and in the Czech Republic and Slovakia by CSOB, CSOB Slovakia, Komercni Banka, UniCredit Bank, and Ceska Sporitelna (all advised by Clifford Chance).

CMS Vienna has advised Styria-based BioEnergy International AG (BDI) on its intended delisting of its free-float shares from the Frankfurt Stock Exchange, which is expected to follow a take-over offer from its majority shareholder, BDI Beteiligungs GmbH. According to CMS, "this is one of the first delisting proceedings after the new German provisions on delisting came into force at the end of 2015."

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.

Over the last two decades the London-based legal press has grown into a sector which must have the combined revenue of a top 20 UK firm. It is a success that has proven difficult to replicate in continental Europe, particularly on a regional basis. 

CMS has advised Andlinger & Company (A&C) on its acquisition of a majority interest in the Slovenian Eti Elektroelement d.d., a leading manufacturer of fuses and modular protection devices, from a sale consortium of 950 Eti shareholders, which also includes the company's employees. The consortium was advised by the Slovenia's Ulcar & Partnerji.

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