In The Spotlight
It is with great pleasure that we announce the winners of the 2019 CEE Deal of the Year Awards!
Ukraine's Esquires Attorneys at Law has successfully represented Trade and Logistic Complex Arctic LLC in a dispute involving a former director of the company's unlawful transferring of equipment related to the supply of electricity to a complex of storage and food production facilities covering a total area of more than 20 thousand square meters to the ownership of another company that he was affiliated with.
TGS Baltic has successfully defended Klaipedos Nafta, a company controlling oil products and liquefied natural gas terminals, before the Court of Appeal of Lithuania in a case involving alleged EUR 6 million in damages.
Cipcic-Bragadin Mesic & Associates has announced the launch of "Covid-19 + Zagreb Earthquake" pro bono project to help those affected by Covid-19 and/or the earthquake that rocked the Croatian capital on March 22, 2020.
Avellum and Watson Farley & Williams have advised the EBRD on a long-term secured loan of up to EUR 52.5 million to Novi Biznes Poglyady.
The Guden Law Firm has advised Turkish petroleum exporter BDY Group Yatirim A.S. on questions related to the impact of the growing COVID-19 crisis on their company's master sale and purchase agreements.
White & Case has advised international investment company TPG Capital on a development loan for unidentified industrial premises to "serve as multi-purpose facilities for warehousing, administration, and trade and science and technology.”
Asters has advised British oil and gas company Regal Petroleum on its up to USD 8.63 million acquisition of Arkona Gas-Energy, a Ukrainian company holding the license to explore, develop, and produce hydrocarbons in the Svystunkivsko-Chervonolutske field, in the Poltava region of Ukraine.
Sorainen has advised the Ignitis Group on the receipt of a loan by Pomerania Wind Farm, a Polish company belonging to the group, of a loan from EIB.
Greenberg Traurig has advised Deka Immobilien on the acquisition of the Generation Park Z office building from Skanska. Dentons advised Skanska on the deal.
Irena Petkova, Martin Emanuilov, and Ivo Alexandrov have been promoted to Partner at Kambourov & Partners, and Plamen Yotov has been appointed the new head of the firm's EU & Competition practice.
Former Schoenherr Local Partner Zita Albert has joined Cerha Hempel in Budapest.
Ukrainian lawyer Dogus Gulpinar has left Ukraine's GoLaw to open Nazali Tax & Legal's Kyiv office.
Former Counsel Yulia Atamanova, who leads the LCF Law Group's International Arbitration, Commercial, and Corporate Disputes practices,. has been promoted to Partner at the firm.
Former GKC Partners' Partner Yalin Akmenek has joined Esin Attorney Partnership.
Tsvetelina Stoilova-Valkanova has joined Popov, Arnaudov & Partners as Senior Associate Partner and Head of Banking & Finance.
Sweden's Per Magnusson, the co-founder of the Magnusson law firm, which has offices in seven countries — including four in CEE — has left the firm to launch an advisory business in Stockholm.
Enkelejda Mucaj, a partner at Tonucci & Partners in Tirana, has been appointed the General Lawyer of Albania.
Basak Gurbuz, the former Counsel & Director responsible for legal matters in Turkey at The Walt Disney Company, has now joined Visa as its Senior Regional Counsel for South-Eastern Europe, where she will be responsible for nine jurisdictions: Bulgaria, Croatia, Cyprus, Greece, Israel, Malta, Romania, Slovenia, and Turkey.
On 14 March 2020, the Croatian Ministry of Justice issued recommendations to prevent the transmission of the novel coronavirus (COVID-19) and control the pandemic ("Measures"). The Measures are applicable until 1 April 2020. The Measures advise temporary adjustments to legal requirements in civil, insolvency and criminal procedure law to avoid hardship that would otherwise arise as a result of the coronavirus crisis.
The COVID-19 pandemic has taken the Romanian employers by surprise, catching them widely unprepared for what needs to be done in relation with the employees – both in terms of health & safety precautions, but also in terms of safeguarding the employment relationships (let us not forget that Romania was fraught with a severe labor shortage when the COVID-19 situation occurred) whilst attempting to save their business.
On 26 March 2020, a Federal Law came into force allowing the Russian government to set maximum prices for any medicines and medical devices for up to 90 days in case of an emergency or the threat of the spread of dangerous diseases (including COVID-19).
Since mid-2019 Ukrainian authorities have been bringing to public fora various suggested amendments to Ukrainian “green” (feed-in) tariff framework. The most recent proposal from the Ministry of Energy and Environmental Protection mentioned creating an option with voluntary 5-25% reductions to the existing tariffs simultaneously with prolongation of their lifespan.
During the current crisis caused by the coronavirus pandemic, companies are permitted to act in a coordinated manner to avoid shortages of essential products and to ensure balanced distribution of such products.
Under Turkish Law, the main purpose of each contract is that the parties' fulfilling their mutual obligations. One of the general principles of law and primary rule of contract law is the principle of pacta sunt servanda.
When it comes to performance of contractual obligations, the basic postulate of the Serbian general contract rules is that such obligations must be duly executed – conscientiously, in the manner predicted by the contractual provisions, and timely – within a deadline stipulated by the contract.
In view of the evolution of the international epidemiological situation caused by the spread of Coronavirus, which determined the pandemic declared by the World Health Organization, on March 11, 2020, the Decree no. 195/2020 on imposing the state of emergency on the territory of Romania (the "Decree") has been adopted.
“The newly elected Government led by Igor Matovic is constructed of parties who used strong anti-corruption rhetoric in their campaign, so we will be expecting a lot of reform,” says Andrej Leontiev, Partner at Taylor Wessing in Bratislava.
Scott Senecal is an American lawyer with Cleary Gottlieb Steen & Hamilton in Moscow. His practice focuses on financial and corporate law, and he has extensive experience in mergers and acquisitions, capital market transactions, and syndicated loans.
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On December 18, 2019, CEE Legal Matters reported that NSP had advised IBS IT Holding on its acquisition of Aplana Software from the Aplana Group. We reached out to Eugene Peskin, Head of Strategy at IBS, for more details.