In The Spotlight
Need another reason to be excited that it's Friday? Put on your reading glasses and enjoy the weekend with the new issue of CEE In-House Matters! The second issue of our CEE Legal Matters' sister publication dedicated to in-house counsel is packed full, with over 100 pages of insights from GCs working at leading companies across Central and Eastern Europe.
Lawyers from Clifford Chance's Istanbul office were on a multi-office team advising private equity group CVC Capital Partners on the acquisition by CVC Fund VII of the Turkish, Greek, Croatian, Montenegrin, and UAE businesses of D-Marin from Turkey's Dogus Group. Sullivan & Cromwell advised the sellers on the deal.
Cobalt has advised BaltCap Private Equity Fund III and its co-investor Sven Nuutmann on the acquisition of 100% of the shares in Baltic Ticket Holdings OU. Ellex reportedly advised the sellers on the transaction, which remains subject to competition clearance.
Sayenko Kharenko has advised joint lead managers BNP Paribas and Goldman Sachs International on Ukraine's USD 600 million Eurobond tap issue.
Noerr's Warsaw office has advised Germany’s GBA Group on its acquisition of JARS S.A. Gessel advised the seller on the deal.
SSW Pragmatic Solutions has advised the unidentified owners of PePe on the sale of 100% of the shares in the company to Brammer.
Schoenherr’s Budapest office, working with lead counsel Hengeler Mueller, has advised Andros Deutschland on its acquisition of fruit and vegetable processors Spreewaldkonserve Golssen in Germany and Schenk es Tarsa in Hungary.
Clifford Chance’s Moscow office has helped Sovcombank obtain a USD 350 million ESG loan -- its first loan based on environmental, social and governance principles.
Havel & Partners has advised the Premium Design Group on its acquisition of 100% of the shares in the manufacturing cooperative Javorina.
White & Case has advised Texan construction technology startup AI Clearing Inc on a new round of seed funding led by Tera Ventures, joined by Inovo Venture Parners and Innovation Nest. Cooley reportedly advised the investors.
Dispute Resolution co-heads Chirag Mody and Martti Peetsalu have been promoted to Associate Partner at TGS Baltic.
Bosnian lawyers Natasa Krejic and Sanja Djukic have been promoted from Partner to Senior Partner at the Sajic law firm.
Former Norton Rose Fulbright Partner Dimitris Assimakis and Senior Associate Minas Kitsilis have joined Reed Smith's Global Corporate Group.
Avellum has celebrated the new year by announcing the return of co-founding Partner Kostiantyn Likarchuk and the promotion to Partner of Maksym Maksymenko.
Former Crido Partner and Head of Real Estate and Construction Krzysztof Marzynski has joined B2RLaw’s Real Estate and Construction practices as Of Counsel.
Grace Katsoulis has made Partner at Ballas, Pelecanos & Associates in Athens and has assumed responsibility for the firm’s Company and Employment practice.
Polish lawyer Ludomir Biedecki has been promoted from Associated Partner to Senior Counsel at Noerr Warsaw.
Former Nagy & Trocsanyi Partner Viktoria Szilagyi has joined Lakatos Koves & Partners in Budapest.
Former Hogan Lovells Moscow Managing Partner Oxana Balayan has left the firm to found her own consultancy -- the Balayan I Group -- which is scheduled to open its doors in April, 2021.
It is quite rare for the Turkish courts specialized in matters of intellectual property rights (“IP Courts”) and the Turkish Patent and Trademark Office (“TPTO”) to acknowledge the concept of bad faith in trademark registrations. In this sense, the recent Target Ventures decision of the General Court of the European Union (“EGC”) regarding bad faith in trademark registration applications is worth discussing, as this crucial decision sheds light on how bad faith should be assessed and may, therefore, also constitute a basis for Turkish IP practice in the future.
JPM Partner Jelena Stankovic Lukic on full harmonization with international standards in this area, the obligations of providers of services, and the supervision on providers.
A fundamental change brought about with effect from 1 January 2021 by a major amendment to the Commercial Corporations Act was the long-awaited new setting of the monistic system of the joint stock company’s internal structure. We bring you an overview of the most significant changes and practical complications that arise in current practice.
At one of the last sessions, the Serbian Parliament adopted amendments to the tax laws governing the taxation of companies and natural persons, as well as general tax procedures. The main driver for the reform was the introduction of the taxation regime for digital assets and open-end and alternative investment funds.
On January 7th, 2021 the Rulebook on detailed conditions for submitting a request for temporary residence approval electronically entered into force.
When Google announced its $2.1 billion merger deal with the smartwatch and fitness-tracker company Fitbit last year (“Deal”), consumer advocacy and anti-trust regulators have expressed concerns over the proposed acquisition. As a consequence, in August last year the European Commission (“EC”) opened an in-depth investigation to assess whether the said merger is in line with the EU Merger Regulation.
In March 2020, the coronavirus crisis urged the Hungarian government to introduce extraordinary measures to mitigate the economic consequences. This led to a general moratorium for all retail and corporate financings until the end of 2020. As one of the last measures of 2020, the Hungarian government decided to prolong the moratorium due to the second wave of the pandemic.
Turkey and the United Kingdom (the United Kingdom of Great Britain and Northern Ireland ) (the “UK”) signed the Free Trade Agreement (the “FTA”) on December 29th, 2020 just before the UK exits European Union (the “EU”). The FTA, which came into force as of January 1st, 2021, ensures special trading terms for UK businesses, which can continue to export and import under preferential tariffs, compared with no agreement.
Since the Mining Law no. 85/2003 (“Mining Law”) entered into force on March 27, 2003, the economic and social environment in Romania has undergone a major evolution, marked by the increase of investments, especially with the accession to the European Union, in 2007. However, the legislation did not manage to keep up this fastened pace and the Romanian authorities are now trying to adjust the legal framework to the requirements of this continuously changing economic life. In this regard, after three years of debate in the Parliament, Law no. 275/2020 for amending and supplementing the Mining Law no. 85/2003 (“Law no. 275/2020”) entered into force on December 17, 2020.
"The most important development in Montenegro is the recent change in government,” says Marko Ivkovic, Senior Lawyer at the Prelevic Law Firm in Podgorica, referring to the August 2020 victory of opposition parties and the fall from power of the DPS party, which had ruled the country since the introduction of the multi-party system in 1990.
An interview with Milan Kajtez, Head of Legal at UniCredit Bank a.d. Banja Luka about his background and best practices.
On November 18, 2020, CEE Legal Matters reported that Hedman Partners had agreed to serve as legal advisor to Solaride on its project to build a solar-powered car in Estonia. CEEIHM spoke with Kristel Leif, Chief Executive Officer at Solaride, to learn more about the matter.