In May 2018, the EU General Data Protection Regulation (GDPR) – which will be directly applicable in all member states – will come into force, harmonizing the data protection regime to a major extent. However, several of the GDPR’s opening clauses delegate responsibility for further regulation to national legislators. International companies will thus still have to consider local laws when preparing for GDRP-compliance.
The Deal: On December 8, 2016, CEE Legal Matters reported that Wolf Theiss had advised the EBRD on its issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. AP Legal advised Raiffeisen Banka A.D., Beograd, acting as underwriter for the issuance, and Harrisons advised marketing agent Citigroup Global Markets Limited.
In The Corner Office we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. The question this time around: Is your personal practice more or less the one you anticipated when you finished law school, or did it change somehow in the interim?
Romanian law firm Tuca Zbarcea & Asociatii has advised Czech pharmacy chain Dr. Max, owned by Penta Investments Group, on its acquisition of the Fastpharm SRL, Iezer Farm SRL, Panpharma Med SRL, and York Farm SRL chains, which will be rebranded and run under the name “Dr. Max”. Wolf Theiss advised the sellers, a Romanian family.
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.
Wolf Theiss has advised the Vienna Insurance Group as issuer and Erste Group as arranger, sole lead advisor, and bookrunner on VIG's issuance of a EUR 250 million 3.5% tier 2 subordinated bond to run from 2017 to 2027.
Despite fighting his way through a spring cold, Peter Daszkowski, Co-Managing Partner of Wolf Theiss in Poland, is sanguine about the state of affairs in Poland. "With regard to Warsaw it’s business as usual,” he says.
CMS has announced that Counsel Libor Prokes, Senior Associate Pavel Srb, and Associate Ivana Lobotkova have moved from Wolf Theiss to join the firm's real estate practice in Prague.
Wolf Theiss has advised Aachener Grundvermogen on its purchase of a commercial property on St. Stephen's Square in the city center of Vienna from Julius Meinl Versicherungsservice & Leasing Vermogens‐ und Finanzierungsberatung G.m.b.H. DLA Piper Weiss-Tessbach advised the sellers on the deal.
Wolf Theiss has provided advised FactSet on CEE matters related to its acquisition of BISAM Technologies for USD 205 million from Aquiline Capital Partners. Factset was also represented by Cravath Swaine & Moore in the United States and K&L Gates in Western Europe. Willkie Farr & Gallagher represented the Sellers and BISAM.
Regulation EU 2016/679 of the European Parliament and of the Council of April 27, 2016. on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (the “General Regulation”), will directly apply in the EU Member States starting May 25, 2018.
Noerr has advised Aurelius Equity Opportunities SE & Co. KGaA on the sale of Germany's Secop Group to Nidec at a valuation of EUR 185 million. The firm's team includes contributions from its Bratislava office on matters of Slovakian law. The transaction is subject to approval by antitrust authorities.