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Egorov Puginsky Afanasiev & Partners has advised the US-based tool manufacturer Milltronics Manufacturing Company on its entrance into a distribution agreement with an undisclosed Russian counterparty.

White & Case has advised Celon Pharma S.A. on its second public offering of 6 million series D shares. Greenberg Traurig advised global coordinators and joint book-runners Dom Maklerski Banku Handlowego, Citigroup Global Markets Europe, Erste Group Bank AG, and Erste Securities Polska, joint book-runners Jefferies GmbH and Jefferies International Limited, and co-lead manager Trigon Dom Maklerski.

DLA Piper has advised Cooperative Rabobank U.A., Landesbank Baden-Wurttemberg, and Norddeutsche Landesbank Girozentrale on their financing for two Highfield Solar Limited solar projects in Ireland with a total capacity of 282 megawatts.

Turcan Cazac has advised Gedeon Richter Plc. on the sale of its Moldovan subsidiaries Gedeon Richter-Retea Farmaceutica SRL and Rihpangalfarma SRL to the Felicia Group. Brodsky Uskov Looper Reed & Partners advised the buyer.

The Warsaw office of Dentons has advised the EBRD, DNB Bank Polska, mBank, Bank Pekao, and PZU on their provision of financing to Potegowo Mashav for the expansion of the Potegowo wind farm.

Egemenoglu has advised Escar Turizm Tasimacilik Ticaret A.S. on the TRY 165 million initial public offering of its shares on Borsa Istanbul. 

Eversheds Sutherland has advised Airbridge Equity Partners on the acquisition of a minority stake in Survicate. GN Law Gorzelnik Nowicka advised Survicate on the deal.

Kinstellar, working with Linklaters, has advised the United Petfood Group on securing approximately EUR 526 million in syndicated term and revolving facilities. BNP Paribas, J.P. Morgan, Rabobank, and ING Bank were the mandated lead arrangers and bookrunners, with ING Bank also acting as agent.

CMS has advised Patria on the acquisition of two retail parks from Czech development group KPD. Jicha & Holman represented KPD on the deal.

Kocian Solc Balastik has advised the Arete Group on securing a EUR 30 million loan from Raiffeisenbank. The Prague office of Clifford Chance advised the lender. Wilsons Slovakia advised Arete on Slovak aspects of the deal.

DLA Piper has advised BestDoctor on securing a USD 26 million Series B investment from Winter Capital Partners, VNV Global, and UNIQA Ventures. Cleary Gottlieb reportedly advised the investors.

Sorainen has advised Domenikss owner Benita Danilenko on the sale of the company to Veho.

Grzegorz Godlewski has joined WKB as Partner in the firm's M&A team.

Mihaela Gherghe has been promoted to Partner with Rizoiu & Poenaru.

Former Senior Associate Agnieszka Starzynska has been promoted to Counsel at CMS’s Polish office and will head the firm’s Life Sciences and Healthcare Practice.

Former Managing Associates Liliana Deaconescu and Corina Tanase have been promoted to Partner at Leaua Damcali Deaconu Paunescu.

Former Baker McKenzie Senior Counsel Georg Krakow joins DLA Piper’s white-collar crime, compliance, and internal investigations team in Vienna as Partner, alongside a team of four.

Sertac Kokenek has been promoted to Partner at Esin Attorney Partnership, Baker McKenzie’s Turkish affiliated firm.

Former CMS Russia Head of M&A Vladimir Zenin has joined Squire Patton Boggs as a Partner of the firm’s Global Corporate Practice, based in the Moscow office. He is followed by a team of three Associates. 

Malgorzata Lesiak-Cwikowska and Radoslaw Cebelinski have been promoted to Local Partners at DWF in Poland.

Dispute resolution lawyer Cosmin Cojocaru has been promoted to Partner at Zamfirescu Racoti Vasile & Partners.

Aleksandra Bankowska and Andrzej Zubik have been promoted to Partner in PwC's Legal & Tax Litigation cluster in Poland. 

Former Noerr Associate Partner Roxana Dudau has joined EY-associated law firm Radu si Asociatii as Associate Partner and Head of the Real Estate Practice.

Former Kinstellar Partner Razvan Popa has set up business advisory company Dewi Advisory, a "growth advisory company focused on [the] Romanian market."

As a result of the increasing global trade, the international debt collection has become a more important issue nowadays. Given that debt collection proceedings vary across countries, this article explains the costs of initiating execution proceedings in Turkey.

The European Data Protection Supervisor has published a case-law digest on the transfer of personal data to third countries¹. The case-law digest aims to clarify the structure of the analysis carried out by the Court of Justice of the European Union (“CJEU”) in judgments concerning the transfer of personal data to third countries, in particular by highlighting the steps followed and the jurisprudential acquis in relevant case law.

On 15 July 2021, the Ukrainian Parliament adopted at its first reading the draft law introducing the new tax framework for the gaming industry (No. 2713-д). This is one of the key steps towards the full-fledged relaunch of Ukraine’s gaming market following its ban in 2009.

Release is one of the primary resolutions the shareholders can adopt regarding board of directors [“Board”] members. With release, the general assembly approves the transactions carried out by the Board members during the relevant fiscal year in terms of their economic and legal consequences. Hence, the corporation loses the right of action upon release. As such, the release resolution is considered to be a “negative acknowledgement of debt” and therefore removes any debt.

On 21 July 2021, Law of Ukraine “On Amendments to Tax Code of Ukraine and Other Laws of Ukraine on Stimulating De-Shadowing of Income and Improving Tax Culture of Citizens by Introducing One-Time (Special) Voluntary Disclosure by Individuals of Their Assets and Payment to Budget of One-Time Duty” No. 1539-IX, dated 15 June 2021 (“Tax Amnesty Law”), entered into force.

The first part of July 2021 marks an important step at the level of the EU in its road towards the European Green Deal objectives. On July 14, 2021, the European Commission (EC) announced the rather complex set of reforms under the Fit for 55 package. Only a week before, the EC issued the Renewed Sustainable Finance Strategy setting forth the main steps going forward towards placing ESG-disclosures and sustainability matters at the heart of financing system and economy in the EU.

On July 14, 2021, the Law No.7332 Amending the Animal Protection Law and Turkish Penal Law [“Amendment Law”] was published in the Official Gazette, and accordingly, the following significant amendments have been introduced to the Animal Protection Law No. 5199 [“APL”].

The Law on Electronic Invoicing entered into force on 7 May 2021 (“Official Gazette of the RS“, no. 44/2021). It obliges public and business entities to use the system of electronic invoices for issuing, sending, receiving and storing electronic invoices. On July 9 2021, the government adopted a set of bylaws necessary to implement the law.

The European Commission has issued a decision finding that Daimler, BMW, Volkswagen, Audi and Porsche colluded in an agreement to infringe EU competition rules and fining them a total of €875 million.

By ratifying the European Convention on Human Rights in 1992, Hungary has committed itself to ensure the right to a fair trial within a reasonable time and to guarantee the right to an effective remedy for any violation of this right. In its judgment in Gazso v. Hungary, the European Court of Human Rights called on Hungary to establish a domestic remedy capable to handle the structural deficiencies identified in the judgment. As a result, at the end of June 2021, a new Act on the Enforcement of Material Compensation for Delay in Civil Proceedings was published in the Hungarian Official Gazette, which will enter into force on 1 January 2022. The Act establishes a new legal remedy for compensation for fundamental rights violations, called ‘material compensation’ which is different from the general compensation (in Hungarian: “kartalanitas”), indemnification or non-pecuniary compensation (in Hungarian: “serelemdij”).

On 24 May 2021, the National Assembly of the Republic of Serbia adopted the amendments to the Law on Planning and Construction (“Official Gazette of the RS”, No. 52/2021), which entered into force on 25 May 2021.

The close relationship between data protection and cyber security results from Art. 5 of the European Union’s (EU) General Data Protection Regulation (“GDPR”) which outlines one of the most important principles relating to processing of personal data: “integrity and confidentiality”.

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On November 20, 2020, CEE Legal Matters reported that BDK Advokati, working alongside Sweden’s Gernandt & Danielsson Advokatbyra, had advised Embracer Group AB on its acquisition of all issued shares of Mad Head Games d.o.o., a game development studio from Novi Sad, Serbia. SunjkaLaw advised Mad Head Games shareholders Nenad Tomic, Uros Banjesevic, and Aleksa Todorovic on the deal.

On April 19, 2021, CEE Legal Matters reported that Tuca Zbarcea & Asociatii had advised Coca-Cola HBC Romania on its acquisition of 50% of the share capital in the Stockday b2b e-commerce platform from Heineken Romania. CEE In-House Matters spoke with Raluca Alexandru, Legal Manager at Coca-Cola HBC Romania, to learn more about the deal.