Peterka & Partners has announced management changes in its Russian, Hungarian, and Polish offices, all of which became effective on November 1, 2016.
On September 22, 2016, CEELM reported that CA Immo had purchased the Millenium Towers office complex in Budapest in what was described as the biggest real estate transaction of this year in Hungary. CA Immo’s Group Head of Legal Affairs Ingo Steinwender agreed to elaborate on the acquisition.
In The Corner Office, we invite Managing Partners at law firms from across the region to share information about the strategies they employ to keep their teams motivated, effective, and focused. For this issue, we asked them to reveal what sorts of firm retreats and activities they host and/or organize for their lawyers.
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.
The EU trademark history of the Rubik’s Cube, which was invented in 1974 by the Hungarian Erno Rubik, goes back to April 1, 1996, when the UK-based company Seven Towns Ltd, filed an application to register the “three-dimensional puzzles” trademark by using the three-dimensional mark of the Rubik’s Cube. The trademark for the shape was issued by the EU’s Trademark Office (EUIPO) on April 6, 1999.
The Kapolyi Law Firm has provided legal assistance to the Magyar Posta Takarek Real Estate Fund, represented by Diofa Asset Management, during the acquisition of the 15,000 square meter Infopark G building from Magyar Telekom Telommunications Public Limited Company. Baker & McKenzie advised the sellers on the deal.
Comprehensive Review in Bulgaria
Hristo Nihrizov, Partner at Dimitrov, Petrov & Co., reported that the Bulgarian TV and radio markets are dominated by three big, established operators in the country. There are some new international players (e.g., Bloomberg recently launched a new business-oriented channel with a local partner), but Nihrizov noted that these new channels usually face an uphill battle in carving out market share and generally focus instead on niche markets. Overall, though, he pointed to a growing number of channels in the country, “which is good for the consumers.”
The codification of the new Hungarian Civil Procedure Act has commenced in 2014, for the purpose of which several working committees have been set up. As a result of the preparatory works, the Hungarian Government accepted the bill on the new Civil Procedure Act in 2015, and following a professional debate, the Minister of Justice submitted it to the Parliament on 2 September 2016.
Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.
DLA Piper Horvath & Partners has advised Mediaworks Hungary Zrt. on the acquisition of Pannon Lapok Tarsasaga Kiadoi Kft. from Funke Mediengruppe. GSV Legal advised Mediaworks on Austrian matters. Schoenherr advised Funke Mediengruppe on the acquisition.
Schoenherr, working with the Swiss firm Bar & Karrer as lead counsel, is advising OVS S.p.A., a leading Italian clothing retailer, and Sempione Retail AG, in connection with Sempione Retail's cash tender offer for all publicly held bearer shares of Swiss company Charles Vogele Holding AG in Austria, Hungary, Slovenia, and Poland. The Swiss Homburger firm and investment bank Lazard advised Charles Vogele.