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When preparing for my welcome speech the night before our annual client party at the end of September, I was reflecting on the current market climate and the past year. Our Prague office has had an excellent year both in terms of financial results and growth of the team. Just before summer we made up two new partners and we have recently added five new advocates to our team.

CMS has advised Polish private equity fund Innova Capital on the acquisition of Slovenia's Trimo Group, a leading European provider of complete solutions for building envelopes and steel facade systems. The sellers are nine banks, including Slovenia's largest bank, Nova Ljubljanska Banka (NLB). The transaction is subject to merger control approvals and is scheduled to close in Q1 2016, once conditions precedent have been fulfilled.

CMS Poland is inviting fourth and fifth year law students to write a practical commentary in the area of labour law on a Supreme Court judgment, with available prizes including an IPad, sets of law books, and qualification for paid internships at CMS. In addition, all competition participants will be invited to special training that will take place in mid-December at the CMS office in Warsaw, with participants from outside Warsaw reimbursed for the costs of travel.

The China Central and Eastern Europe Investment Co-Operation Fund, established by the China Export Import Bank in partnership with the Hungarian Export Import Bank and other institutional advisors from CEE, is off and running. And Judith Gliniecki, General Counsel at CEE Equity Partners Ltd., investment advisor for the Fund, is getting rave reviews for her work on its behalf. With Gliniecki’s help, the most significant source of Chinese investment in CEE is finding smooth sailing.

In mid-July it was reported that Partner Perry Zizzi would be leaving Badea Clifford Chance in Bucharest to return to Dentons, where he had worked (under the Salans brand) before leaving 7 years before. On August 4 the news broke that long-time Ukrainian expert Adam Mycyk had joined Dentons as well. Mycyk moved over from Chadbourne & Parke, as that firm winds down its operations in KievWe reached out to Zizzi and Mycyk to ask them about their decisions to join Dentons.

CMS Cameron McKenna has supported the European Bank for Reconstruction and Development in its loan of up to USD 60 million to Brooklyn-Kiev LLC, a leading private stevedoring company in Ukraine, for the development of a grain trans-shipment terminal in the Port of Odessa with an anticipated annual throughput capacity of up to 4.5 million tons of grain.

CMS Cameron McKenna has announced that Dispute Resolution Partner Olga Vorozhbyt joined the firm's Kiev office on July 1, 2014, to develop the office’s litigation and compliance practice.  

CMS supported B2Holding, a leading European specialty finance business, in its July 1, 2014 acquisition of the entire share capital of ULTIMO, a leading Polish credit management business. The value of the transaction was not disclosed. Closing remains subject to antimonopoly clearance. 

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CMS has provided legal advice to the Hungarian MOL Group on its sale-purchase agreement with the Rome-based Eni oil and gas company for Eni's downstream businesses in the Czech Republic, Slovakia, and Romania, including a retail network currently under the Agip brand.

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