Gide has advised Roldrob on its acquisition of the Konspol Holding factory in Nowy Sacz, Poland, from Cargill.

Aksan has advised Pharmacontract on obtaining clearance from the Turkish Competition Board for the acquisition of unspecified subsidiaries in Italy.

Cobalt has advised Ovoko on a EUR 20 million phase B venture capital investment round led by Smash Capital. Noor advised the founders of Ovko. Sorainen reportedly advised Smash Capital.

White & Case has advised PPF Group on an in-depth merger investigation under the EU Foreign Subsidies Regulation.

Pohla & Hallmagi has advised Karmsund Group on its acquisition of industrial property in an industrial park close to Tallinn airport.

CK Legal Chabasiewicz Kowalska has advised Proteine Resources on a PLN 6 million funding round with the participation of venture capital funds SMOK Ventures and Bitspiration Booster. Snazyk Moradka reportedly advised SMOK Ventures.

TGS Baltic has advised Latvenergo on its acquisition of SIA Laflora Energy to build a wind power plant with a total capacity of 108.8 megawatts in the former peat extraction area of Kaigu Bog in Livberze County. Sole practitioner Janis Junkers advised the sellers.

NKO Partners has advised Igepa Cartacell and Deus System on their merger. The new entity will operate under the name Igepa Deus.

TGS Baltic has advised Marinetek Group on the full acquisition of shares of Marinetek Latvia by buying out a minority shareholder.

Filip & Company has advised Banca Transilvania on a EUR 700 million sustainable bond issuance with J.P. Morgan, Morgan Stanley, Nomura, and ING Bank as the arrangers, ING Bank as the ESG advisor, and BT Capital Partners as co-manager. Clifford Chance advised the banks.

Dentons has advised mBank on the update of its Luxembourg-listed EUR 3 billion EMTN Program and a new issue of EUR 500 million green senior preferred notes due 2030 with Commerzbank, Erste Group, J.P. Morgan, UBS, and UniCredit as the joint lead managers. White & Case advised the joint lead managers.

CMS has advised the European Bank for Reconstruction and Development on a USD 15 million financing package to Bank Arvand of Tajikistan.

Former Schoenherr Partner Jelena Arsic has joined MaxBet in Serbia as its new Chief Legal and Risk Officer.

Hoxha, Memi & Hoxha has promoted Selena Ymeri, Ilir Johollari, and Dorant Ekmekciu to Partner.

Weinhold Legal has appointed former Associate Jakub Nedoma to the position of Associate Partner.

Fabiani, Petrovic, Jeraj, Rejc and MP Law have merged as of September 30, 2024, to create PFP Law.

Former PwC CEE Head of Legal Business Solutions Hugh Owen has joined Kinstellar as Partner.

Milan Keker, Aleksandra Bujkovic, and Ivan Pejovic have founded Keker, Bujkovic, Pejovic – KBP Legal – in Montenegro.

Drakopoulos has launched a new Data and Digital practice dedicated to “providing comprehensive legal solutions to clients navigating the increasingly complex landscape of data protection, digital transformation, AI, cybersecurity, and emerging technologies.”

Gugushev & Partners has promoted Antoniya Markova and Kostadinka Deleva to Senior Partners.

Adam Kaplonyi has joined Act Legal as a Partner in Budapest.

Bajno, Dubij, Pasternak has opened its doors for business in Poland, with the core team comprising Partners Pawel Bajno, Tomasz Dubij, and Robert Pasternak as well as Attorney at Law Slawomir Lebioda.

Integrites has announced a restructuring of its operations leading to the separation of its office in Kazakhstan from its office in Ukraine.

Former Wolf Theiss Partner Birgit Kraml has joined DLA Piper as Partner and the new Head of Real Estate at the firm’s Vienna office.

Montenegro is not a member state of the European Union but rather a candidate country for membership, which status was granted on December 17, 2010.  As such, European Union regulations are not directly applicable in Montenegro, however, many regulations have been harmonized with EU directives as a result of the harmonization process (acquis Communautaire).

On 13 August 2024, the Ukrainian Government adopted Order No 757-p “Certain Issues of Pilot Auctions for the Allocation of the Support Quota in 2024” (“Green Auctions Order”) scheduling the first auctions for supporting renewable energy producers under the feed-in premium mechanism (“Feed-in-Premium”) later this year.

At the end of last year, the Ministry of Finance announced the improvement of the Electronic Invoicing System (known as SEF), which will consist of various modules. Certainly, the most significant module will still be the E-Invoice, which has already been in use by business entities since January 1, 2023. Along with it, new modules such as the E-Delivery note, E-Excise, and E-Customs will also be integrated.

Commencing from October 1, 2024, tax benefits for taxpayers with a high level of voluntary tax compliance or members of the announced “White Business Club” will come into full force and effect.

The right to disconnect entitles employees not to be at the employer’s disposal during rest periods and other justified absences.

People, as individual sources of evidence, are crucial in criminal cases. In more complex cases, even hundreds of people may be interrogated. So it is not uncommon in Widen’s practice to receive a concerned phone call from a client who has been called in for questioning. What to expect in such a case?

In the middle of July 2024, the Ministry of Energy announced that the Government will make it mandatory for manufacturers of batteries and their components, as well as battery waste managers, to carry out an environmental impact assessment procedure.

In a recent ruling, the Supreme Court (case no. 27 Cdo 3499/2023) decided that the delivery of a legal act by email to a statutory body of a company is effective from the moment the email reaches the recipient's inbox, even if the recipient has not opened the email or was on vacation at the time.

On 15 August 2024, the Hague District Court issued a decision in the ongoing legal dispute between Gazprom International Limited (hereinafter – “Gazprom”) and Asset Management Company Slavutych-Invest (hereinafter – “Slavutych”).

As of the 2024 financial year, companies in Hungary are facing new and stringent ESG (Environmental, Social, and Governance) reporting requirements under Act CVIII of 2023 (ESG Act). While large companies may already be familiar with the relevant EU directives (notably the CSRD and the CSDDD), the Hungarian regulations present unique challenges, especially for local subsidiaries of multinational corporations.

Effective from 1 January 2025, Croatia will introduce a new property tax law. This new law will replace the current vacation home tax and apply to all residential properties, with certain exemptions. Local governments will institute the new law and set tax rates within a specified range by taking into account property characteristics and other factors.

On 27 September 2024, the Law of Ukraine "On Amendments to the Labor Code of Ukraine on Establishing Additional Grounds for Termination of Employment Agreements at the Initiative of the Employer and Certain Other Issues" No. 3768-IX dated 4 June 2024 ("Law") (with certain exceptions) will come into force.

The IMMOFINANZ Group acquired a further approx. 38% of S IMMO shares from CPI Property Group SA for a purchase price of around EUR 608.5 million.

Drakopoulos is pleased to announce the launch of its new Data and Digital practice, dedicated to providing comprehensive legal solutions to clients navigating the increasingly complex landscape of data protection, digital transformation, AI, cybersecurity and emerging technologies.

The Montenegrin Law on Business Organizations prohibits the return of contributions to shareholders. But is capital reduction with simultaneous payment to shareholders permissible? This article explores the legal ambiguities and practical challenges arising from this question.

The ITR Tax Awards recognise the best tax consultants and tax lawyers every year. bpv Huegel was awarded twice this year.

RTPR has assisted the shareholders of 123FormBuilder – 212 Regional Fund II, Catalyst Romania, Florin Cornianu and Adrian Gheara – in relation to the sale of the company to American group Kiteworks.

Oliver Koppany will be joining Jalsovszky as Foreign Legal Counsel from September, focusing on US-Hungarian business connections.

Paul Pfeifenberger (36) specialises in real estate and has been with bpv Huegel since 2015.

RTPR has assisted OX2 in relation to the sale of a 99.2 MW onshore wind project located in the Eastern part of Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.

RTPR has assisted private equity fund Innova Capital in relation to the sale of Optical Investment Group to EssilorLuxottica, a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses.

RTPR has assisted Vectr Holdings, through its subsidiary Vectr Realty Holdings, in relation to the indirect acquisition of 100% stake in the company that owns The Landmark from funds managed by Revetas Capital and affiliates of Cerberus Capital Management.

RTPR has assisted Global Records and Stefan Lucian, the founder and CEO of the company, in the process of selling a 25% stake in the company to Believe, one of the world’s leading digital music companies and of setting up the terms of their strategic partnership.

The company transfer also successfully secures the future of SPORT 2000 in Austria.