Baker McKenzie Partner Oleksiy Stolyarenko talks about the evolution of the TMT sector and their role as legal advisors in Ukraine over the last 10 years.
CEELM10 Interview: A Decade of TMT In Ukraine
Focus on Cybersecurity: Preparation for New Requirements is at the Finish Line
The Cybersecurity Act imposes new requirements on many companies regarding the operation of their electronic information systems. Organizations have until the end of 2023 to prepare to comply with the new rules.
The EU Takes a Tough Stance on Foreign Subsidies
Under the EU's Foreign Subsidies Regulation (FSR), companies must notify the European Commission in advance of certain acquisitions, mergers or large public procurement transactions if the groups of companies involved have received financial contributions from outside the EU. Compiling the notification and gathering the necessary information can be a heavy administrative burden for companies, and failure to do so can result in fines of up to 10% of the group's worldwide turnover.
White & Case and Baker McKenzie Advise on Bank Pekao’s EUR 500 Million Issuance of Green Bonds and EMTN Program
White & Case has advised dealers Bank Polska Kasa Opieki, BNP Paribas, BofA Securities Europe, Citigroup Global Markets Europe, and JP Morgan on the establishment of Bank Pekao's EUR 5 billion program for the issuance of medium-term eurobonds and first EUR 500 million issuance of 5.5% fixed-to-floating green bonds maturing in November 2027. Baker McKenzie advised Bank Pekao.
Baker McKenzie Represents Google Before CJEU in Challenge to Austria’s Communication Platforms Act
Baker McKenzie has successfully represented Google before the Court of Justice of the European Union in challenging the Austrian Communication Platforms Act, which it describes as "far-reaching content moderation legislation" aiming to regulate "large online platforms established in other EU member states."
CMS and Baker McKenzie Advise on Refinancing of MOL Group's 2017 EUR 750 Million Multicurrency Revolving Credit Facility
CMS has advised coordinator and facility agent Raiffeisen Banking Group on the EUR 600 million nine-banking-group club multicurrency revolving credit facility for the MOL Group. Baker McKenzie advised the MOL Group on the deal. CMS also acted as transaction counsel on MOL's JPY 14.6 billion bilateral revolving credit facility and its EUR 50 million bilateral EUR/CNY revolving credit facility.
Baker McKenzie Advises Blank on Investment from Neowiz
Baker McKenzie has advised Blank and its founders on an investment from Neowiz. SSW Pragmatic Solutions reportedly advised Neowiz on the deal.
Ellex Advises Culligan International on its Acquisition of Primo Water International
Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.
Ukraine: Shortened FX Settlement Deadlines for Agricultural Export Transactions
Amid reports of substantial volumes of foreign exchange proceeds going unreceived under certain export transactions, the National Bank of Ukraine (NBU) has taken steps to shorten the mandatory settlement deadlines for the export of certain agricultural products.
Baker McKenzie and DLA Piper Advise on Deutsche Telekom's HQ Lease in Budapest
Baker McKenzie has advised Deutsche Telekom IT Solutions on its headquarters relocation to the Hungarian Telekom building in Budapest. DLA Piper advised developer WING on the lease.
Esin Advises Akbank on International Syndicated Loan
Baker McKenzie Turkish affiliate Esin Attorney Partnership has advised Akbank on securing a 367-day syndicated loan from international markets in two tranches: USD 265.5 million and EUR 318.45 million.
Baker McKenzie Successful for Minova Ekochem Before Polish Supreme Court
Baker McKenzie has successfully represented the interests of Minova Ekochem before the Supreme Court of Poland regarding a competition case.
Ukraine: Aligning Consumer Protection Law with EU Standards
The forthcoming Consumers' Rights Protection Law ("Law") in Ukraine, scheduled to take effect on 7 July 2024 (contingent on the cancellation of martial law in Ukraine), is poised to harmonize Ukrainian consumer protection legislation with key EU norms. This new Law aims to modernize consumer protection requirements, especially in the e-commerce context.
Ukraine: Improving Guidance on Identifying Ultimate Beneficial Owners
On 19 September 2023, the Cabinet of Ministers of Ukraine and the National Bank of Ukraine adopted Regulation No. 1011, introducing a comprehensive methodology ("Methodology") to identify the ultimate beneficial owners (UBOs) of legal entities in Ukraine. This significant development aims to enhance transparency and provide detailed guidance on the process of identifying UBOs, with the ultimate goal of ensuring that legal entities in Ukraine are able to correctly identify UBOs within their ownership structure and disclose this information to the competent authorities.
Ukraine: Advertising Law Reform
Effective from 2 October 2023, Ukraine has ushered in a series of substantial amendments to its Advertising Law, aimed at modernizing advertising regulations and harmonizing them with the EU Audiovisual Media Services Directive.
Stratulat Albulescu Advises Mitel Group on Unify Acquisition
Stratulat Albulescu, working with Taylor Wessing, has advised the Mitel Group on its acquisition of Unify from the Atos Group. Garrigues and Mattos Filho reportedly advised Mitel as well. The French office of Baker McKenzie reportedly advised Atos.
Baker McKenzie Advises on European Leasing Fund PLN 340 Million Bond Issuance with mBank
Baker McKenzie has advised Europejski Fundusz Leasingowy on its PLN 340 million bond issuance as part of the company's PLN 2 billion issuance program. The firm also advised dealer and issuance agent mBank.
Closing: TotalEnergies Renewables Acquisition of 50% Stake in Ronesans Enerji Now Closed
On October 3, 2023, GKC Partners announced that TotalEnergies Renewables' acquisition of a 50% stake in Turkey's Ronesans Enerji (reported by CEE Legal Matters on August 18, 2023) had closed.
Baker McKenzie at a Glance
Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.
In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.