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Asters, working with Kellerhals Carrard, has successfully represented the interests of FC Metalist LLC, based in Kharkiv, before the Court of Arbitration for Sport in Lausanne in a case concerning the issue of sports succession and a related claim brought by a former player of FC Metalist PJSC, the football club that has been in liquidation since 2017 due to bankruptcy.

Kinstellar has advised BIG Mega Renewable Energy on a EUR 92 million financing agreement with the European Bank for Reconstruction and Development and OTP Bank to build and operate the 102-megawatt Urleasca wind farm in Braila county, Romania. Clifford Chance reportedly advised the banks.

Wolf Theiss has advised Airsol on its acquisition of MedAir Oxygen Solutions.

Boyanov & Co, working with Gianni & Origoni, has advised UniCredit Bulbank and the United Bulgarian Bank on their financing for Plastchim-T's acquisition of Manucor.

Havel & Partners has advised HP Invest on its full acquisition of HP Tronic from Genesis Private Equity Fund III.

Zepos & Yannopoulos has advised Hellenic Properties on its acquisition of a former industrial building located in Tavros, Attica, to be developed into a green office building.

Paksoy has advised Iyzico on the acquisition of Paynet from Arena Bilgisayar. Baker McKenzie Turkish affiliate Esin Attorney Partnership advised the sellers.

Clifford Chance has advised Ceskoslovenska Obchodni Banka and Ceska Sporitelna on the financing for Oriens group member Central European Retail Holding's acquisition of the Hruska retail chain through the full acquisition of Hruska and Sempronemo. Clifford Chance also advised Oriens on the acquisition transaction.

Greenberg Traurig has advised Abris Capital Partners on the sale of Scanmed Group to the American Heart of Poland Group. Rymarz Zdort Maruta advised the American Heart of Poland.

Rymarz Zdort Maruta, working with Freshfields Bruckhaus Deringer, has advised Huuuge on a USD 70 million share buyback.

Kyriakides Georgopoulos has advised Lightsource BP on the financing-related land and regulatory due diligence of a PV project in Greece with a capacity of 560 megawatts and a budget of EUR 395.15 million in the areas of Larissa and Fthiotida.

CMS has advised gas transmission system operator GAZ-System in the process of selecting a supplier and executing a floating regasification unit chartering agreement with White Eagle Energy. Reportedly, Mayer Brown advised Mitsui.

Local Partner Zoltan Kozma has been appointed the new Head of the Intellectual Property & Technology group at DLA Piper in Hungary.

Edyta Defanska-Czujko has joined Deloitte Legal as Partner and leader of the People Law/Employment Law & Benefits practice in Poland.

Former Home Credit International Legal Manager Martin Seda has been promoted to the Chief Legal & Compliance Officer position for the group.

Felix Prechtl – the former S IMMO Head of the Corporate Office & Capital Markets – has returned to private practice by joining Doralt Seist Csoklich in Vienna as an Attorney at Law.

Former Domanski Zakrzewski Palinka Partner Rafal Hajduk has moved in-house, joining R.Power Renewables as the company's Chief Commercial Officer.

Havel & Partners has announced it opened an office in Frankfurt am Main on May 1, 2024. The new German office will be managed by former Squire Patton Boggs Partner Philip Smitka.

DLA Piper has promoted Ekaterina Larens to Partner in Austria, effective May 1, 2024.

Former Schoenherr Local Partner Gergely Szaloki has joined Wolf Theiss to co-lead the firm's Banking & Finance in Budapest. 

Turunc's Yasemin Erden – a Partner at the firm for the past two years – has moved to an Of Counsel position within the Istanbul-based outfit. 

LSW Bienkowski, Laskowski, Lesnodorski, Melzacki and Partners has announced it hired eight new partners – Filip Badziak, George Havaris, Marcin Huczkowski, Piotr Leonarski, Krzysztof Marzynski, Adam Piwakowski, Aleksandra Polak, and Piotr Szelenbaum – all coming from B2RLaw, alongside a group of associates, administration, and marketing support.

Lakatos, Koves and Partners has announced Richard Lock is stepping up to become Senior Partner while former Senior Partner Peter Koves becomes Partner Emeritus and Honorary Senior Partner.

Clyde & Co has recently announced that Michal Kalicki, formerly of WKB Lawyers, joined its Warsaw office as a Counsel and the Head of the Banking and Finance team.

It has been more than half a year since the Czech Republic transposed the EU Whistleblowing Directive by introducing the Czech Whistleblower Protection Act (Act), effective as of August 1, 2023.

Similarly to other countries, the Czech Republic is undergoing a digital transformation. Without a doubt, this transformation allows businesses to facilitate their operations and makes all of our lives much easier. On the other hand, this transformation leads to new cybersecurity threats that may hinder businesses and cause significant losses.

The Czech economy entered a deep slump in 2023 caused by the rather rare and unfortunate combination of negative economic and geopolitical factors, including one of the highest inflation rates in the EU, rising interest rates, high energy prices, a large public finance deficit, and the adverse impacts of the war in Ukraine. Altogether, these economic difficulties resulted not just in an economic recession but also adversely affected the Czech M&A market.

While local courts have been taking the stance that mortgage over the land does not extend to objects subsequently built on the mortgaged land, in one recent case, the Supreme Court of Republika Srpska (RS Supreme Court) took an entirely opposite one. Applicable laws support the stance of the RS Supreme Court. Clear treatment of this issue by the courts is important for both mortgage creditors and buyers of subsequently-built objects.

Respecting intellectual property rights (IPR) in Bosnia and Herzegovina is a journey less traveled, yet one of paramount importance in today’s digital age. In a world where information knows no bounds and creative works are easily shared with a click, the value of safeguarding original ideas and innovations often takes a back seat. Let’s dive into this exploration of the complexities surrounding intellectual property in a landscape where imitation frequently overshadows ingenuity. The lack of awareness and enforcement mechanisms regarding IPR poses significant challenges for creators and innovators striving to protect their work. Without proper safeguards in place, the risk of exploitation and unauthorized use looms large, hindering the growth of a dynamic and inventive environment within the nation. Additionally, as technology continues to advance at a rapid pace, navigating the intricate web of intellectual property laws becomes increasingly daunting for individuals and businesses alike.

In the last decade, Montenegro has focused on creating a favorable business environment, attracting renowned foreign investors and resulting in significant economic development and growth. The government has been focusing on high-level tourism, transitioning from seasonal to year-round hotels that offer luxurious stays and services.

The Slovenian real estate market is characterized by an excess of demand over supply, especially in the residential real estate sector, which has pushed property prices sky-high. Low interest rates on financing in recent years have led to a number of easy-profit-seeking (half-professional) investors – usually project companies building so-called “above-standard” construction.

In a compact nation like Estonia, the prominence of construction projects can swiftly transcend local interests and become matters of national interest. The escalation of public attention toward large-scale construction projects invites heightened scrutiny by different interest groups. Notably, several recent projects have become entangled in legal disputes, profoundly impacting anticipated timelines and financial forecasts. This article aims to delineate emerging patterns from recent cases and offer recommendations aimed at preventing and avoiding legal contentions.

The ever-growing real estate market in Kosovo shows no signs of stopping. Even amid high prices, demand for real estate keeps growing. This demand is largely driven by Kosovo’s diaspora living in the EU and other Western countries. It is also fueled by foreign nationals and foreign companies who find properties in Pristina and other major cities in Kosovo attractive as investments.

Bosnia and Herzegovina (BiH) is a country in the south-east of Europe (the so-called “Balkan region”) with an area of 51,229 square kilometers. In accordance with its political and legal structure, BiH is divided into two entities (the Federation of Bosnia and Herzegovina – FBIH – and Republika Srpska – RS) and the Brcko District (BD BIH). The real estate market is a significant part of the economic activity of BiH and is governed by a set of legal regulations which follow international standards for the protection of property rights. In the course of 2022 and 2023, there was a strong investment wave in the real estate market.

Permitting of any projects is a long-standing problem in the Slovak Republic. In international surveys, Slovakia ranks at the bottom, as it takes an average of 300 days to permit a simple building such as a family house. This problem becomes much more acute in the case of constructions that are more complicated and require the assessment of several administrative bodies or may have a significant impact on the environment.

In recent years, the real estate market in the Republic of North Macedonia, particularly in its capital city of Skopje, has witnessed significant activity. Statistics indicate a consistent trend of construction and sale of numerous residential apartments. Notably, despite the steady increase in real estate prices since 2021, there has been a notable surge in demand for residential apartment purchases. Concurrently, investor interest in constructing residential and office buildings remains robust, showing no significant signs of decline.

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Austria’s real estate business currently faces multifaceted challenges following the unexpected rise of interest rates and inflation in 2022, according to Knoetzl Partner Bettina Knoetzl, with “the SIGNA Holdings insolvency sending shockwaves throughout the industry and the country.”

CMS Croatia Partner Marija Musec and CMS Poland Partner Lukasz Szatkowski discuss electricity storage regulatory developments and the unique challenges faced by stakeholders in the CEE energy market.

From her beginnings as an M&A attorney in Bulgaria to her current role as Regional Compliance Manager for Eastern Europe at Yazaki, Veselka Petrova’s career has been a testament to the power of blending legal expertise with strategic business insight.

On November 23, CEE Legal Matters reported that Cobalt had advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. CEE In-House Matters spoke with Henning Schreiber, Head of Acquisitions at Everfield, to learn more about the acquisition.