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In recent years suspicions regarding massive conflicts of interest, corruption, and the favoritism of creditors have created the political will to mandate the disclosure of ownership backgrounds of companies dealing with public finances. Attorneys from Taylor Wessing Bratislava have participated in the preparation of the so-called Anti-Letterbox Companies Act, which entered into force on February 1, 2017.

The 2017 CEE Legal Matters General Summit took place at the Intercontinental Hotel in Warsaw on June 1-2, 2017, once again bringing together well over a hundred General Counsel and Heads of Legal from across Central and Eastern Europe for two full days (and one entertaining evening) of seminars, panel discussions, best practices review, and networking. This year’s event — the third annual, following the 2015 GC Summit in Budapest and the 2016 GC Summit in Istanbul — was the biggest and most successful yet.

On May 31 and June 1, 2017, CEE Legal Matters was proud to host a rare event: A gathering of those senior lawyers from each Central and Eastern European country identified by peers as being most influential, most important, most uniquely responsible for having created the country’s modern commercial legal market.

After more than two decades of providing clients in Slovakia with legal advice through associations with local law firms, from June 1, CMS will provide Slovak law advice through what it calls "a fully-integrated Slovak team ... co-headed by Peter Simo and Petra Corba Stark, [which] consists of 10 experienced lawyers who cover all the main areas of business law."

A new European law firm alliance with a substantial CEE presence has appeared on the legal scene. The new Act Legal alliance (branded in lower-case, as "act legal") consists of founding members AC Tischendorf (in Germany), BSWW (in Poland), MPH (Slovakia), Randa Havel Legal (Czech Republic), Vivien & Associes (France), and WMWP (Austria).

Slovak legislation on personal data protection implementing the EU Data Protection Directive 95/46/EC is generally very strict when compared to the regulations of other EU Member states. These different rules – often, in Slovakia, excessively bureaucratic – resulting not only from legislation itself but also from its interpretation by the country’s Personal Data Protection Authority – often cause problems for both local entrepreneurs and international business groups with subsidiaries or branches in Slovakia. 

Majernik & Mihalikova has advised private investor Patrick Hessel on his investment into AeroMobil, a Bratislava-based developer of flying cars. White & Case advised AeroMobil co-founder Stefan Klein on the deal, while co-founder Juraj Vaculik was represented by the Carpathian Advisory Group. The size and value of Hessel's stake in the company was not disclosed.

“The Slovak economy is, surprisingly, experiencing good times,” says Tomas Rybar, Partner at Cechova & Partners in Bratislava, despite political turbulence due to lasting issues relating to corruption and some of the xenophobic and anti-immigrant attitudes that have arisen in the country in recent years – as they have across Europe – and the rise of the far-right.

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