CEE Attorneys – Boanta, Gidei & Asociatii has advised the Keswick Enterprises Group -- a provider of logistics services across the UK and Central and Eastern Europe – on the sale of its Romanian logistics subsidiary, Tibbett Logistics, to Japan's Yusen Logistics supply chain logistics company, which has operations in Europe, the Americas, and Asia. McGregors reportedly advised the buyers on the transaction, which remains conditional on the approval of the Romanian Competition Council. It is expected to be finalized by the end of this year.
Romania's Popovici, Nitu, Stoica & Asociatii and Poland's Kurzynski Kosinski Lyszyk Wierzbicki have advised the Romanian and Polish subsidiaries of the Etanco Group on their acquisition of of the subsidiaries of Gunnebo Fastening in those two countries. NNDKP, working along lead counsel Fidel, advised Gunnebo Fastening on the Romanian side of the transaction, with DZP reportedly advising Gunnebo Fastening on the sale of its Polish subsidiary.
RTPR Allen & Overy has advised Wood & Company Financial Services and Raiffeisen Bank as joint book-runners on the IPO of Sphera Franchise Group and admission to trading on the Bucharest Stock Exchange. Schoenherr Bucharest advised Sphera on the IPO, which represented approximately 25.3% of the company's share capital.
February 22nd, 2018 in Bucharest
1- AMENDMENT OF LABOR CODE BY GEO 53/2017. WHAT FUTURE CHANGES WE MIGHT EXPECT
Upon the entry into effect on August 7, 2017 of Government Emergency Ordinance no. 53/2017 which amended and supplemented the Labor Code, numerous discussions and problems arose in practice on trying to identify a realistic way of complying with these new legal requirements.
The commercial legal markets of Central & Eastern Europe didn’t appear automatically. They didn’t develop in a vacuum. They were formed, shaped, and led, by lawyers – visionary, hard-working, commercially-minded, and client-focused individuals pulling the development of CEE’s legal markets along behind them as they labored relentlessly for their clients, their careers, their futures.
Schoenherr, working with lead counsel Gleiss Lutz, has advised French IT service provider Atos SE on the planned acquisition of Siemens Convergence Creators GmbH for an undisclosed price. Siemens AS was represented by Hengeler Muller on the deal, which is expected to close at the end of December 2017 and is still subject to the information/consultation process with employee representative bodies and the approval of the relevant regulatory and antitrust authorities.