Dorda Brugger Jordis (DBJ) has advised DIY superstore bauMax on the October 31, 2015 dispossession of 67 of its stores in Austria, Slovakia, Czech Republic, and Slovenia, as part of what DBJ describes as "Austria’s and CEE’s biggest ever distressed M&A asset deal."
The last couple of months have taught legal practitioners in CEE (including Russia and Turkey) that this region requires quite a bit of foresight when advising on transactions of any kind: the de-facto occupation and integration of Crimea into the Russian Federation is unlikely to have been reflected in the SPAs or long-term contracts that were negotiated in late 2013/early 2014. The occupation of a significant portion of a country sharing a common land border with four EU-member states is something few people would have thought of as a realistic scenario at that time. Well, that has changed now.
CEE Legal Matters is excited to attend the first in its series of Asset Yield panel discussions, hosted by Richards Kibbe & Orbe in London this Thursday. In preparation for the event, we sat down with one of the guest panelists at the event, Pawel Halwa, the Managing Partner of the Schoenherr Warsaw office.