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.
Baker McKenzie Advises on PLN 220 Million Offering of 16.1 Million Archicom Shares
Baker McKenzie has advised Echo Investment Group companies Grupa Archicom, Echo Investment, and DKR Echo Investment on offering 10 million new shares in Archicom and DKR's sale of 6.1 million existing shares. The PLN 220 million transaction was managed by the PKO BP Brokerage Office.
Issues for WeWork’s Landlords in Poland in the Event of a Global Restructuring
With a potential WeWork restructuring on the horizon, this article explores some issues landlords may face under their WeWork leases, with a focus on how courts in Poland might address them.
Baker McKenzie Successful for OGP Gaz-System Before General Court of the European Union
Baker McKenzie has successfully represented Operator Gazociagow Przesylowych Gaz-System before the General Court of the European Union in a dispute concerning a decision of the Board of Appeal of the European Union Agency for the Cooperation of Energy Regulators.
Greenberg Traurig and Baker McKenzie Advise on Cyfrowy Polsat Series E Bond Issuance
Greenberg Traurig has advised Cyfrowy Polsat on the issuance of sustainability-linked series E bonds with an aggregate nominal value of PLN 820 million. Baker McKenzie advised the Trigon Brokerage House, Bank Pekao, and Santander Bank Polska on managing the issuance.
Ukraine Has Taken an Important Step Toward Competition Law Reform
On 12 September 2023, the President of Ukraine signed Law No. 5431 "On Amendments to Certain Legislative Acts of Ukraine to Improve the Activities of the Antimonopoly Committee of Ukraine" ("Law"), which launches a reform of Ukrainian competition law. The Law will enter into force on 1 January 2024.
Tomas Skoumal Appointed New Managing Partner at Baker McKenzie in Prague
Tomas Skoumal has been elected as the new Managing Partner of Baker McKenzie’s Prague office, taking over from Martin Hrodek.
Ukraine: Updated Procedure for Payment of Fees for Actions Related to the Protection of IP Rights
On 16 September 2023 the Resolution of the Cabinet of Ministers of Ukraine "On Amendments to the Procedure for Payment of Fees for Actions Related to the Protection of Intellectual Property Rights" ("Resolution") will enter into force. The Resolution introduces new fees, provides additional reductions and clarifies existing ones.
Schoenherr Advises Aldiana Management on Purchase of Aldiana Club Ampflwang
Schoenherr has advised Aldiana Management on its purchase of the Aldiana Club Ampflwang resort in Upper Austria. Baker McKenzie reportedly advised the sellers.
Gide and Baker McKenzie Advise on Advanced Protection Systems Investment by Enterprise Investors
Gide has advised the Enterprise Investors Fund IX on its minority investment in Polish precision radar and anti-drone systems company Advanced Protection Systems Inc. Baker McKenzie advised APS and its shareholders.
Baker McKenzie Advises Innova Capital on Facilities Agreement with mBank and BNP Paribas Bank Polska
Baker McKenzie has advised Innova Capital on the facilities agreement with mBank and BNP Paribas Bank Polska to support the fund’s investment in R-GOL. CMS reportedly advised the banks.
Boyanov & Co Advises Tietoevry on MentorMate Acquisition
Boyanov & Co, working with the Stockholm and Washington offices of Baker McKenzie, has advised Finland's Tietoevry on the acquisition of US-based digital engineering company MentorMate. Ballard Spahr advised the Taylor Corporation on the sale.
Hengeler Mueller and Baker McKenzie Advise on Muhr und Bender's Acquisition of RUAG International Holding’s Aerostructures Activities
Hengeler Mueller has advised Muhr und Bender on the acquisition of RUAG International Holding’s aerostructures activities in Oberpfaffenhofen and Eger. Baker McKenzie, and reportedly Pestalozzi, advised RUAG International Holding. Reportedly, Lakatos, Koves & Partners and Novalex advised Muhr und Bender as well.
Nothing is Cast in Concrete – Except for the Free Movement of Capital?
The Court of Justice’s strike on protectionism in favor of ‘strategic companies’ in the Member States.
Oleksiy Stolyarenko and Andrii Moskalyk Make Partner at Baker McKenzie
Former Counsels Oleksiy Stolyarenko and Andrii Moskalyk have been appointed as Partners with Baker McKenzie in Kyiv on July 1, 2023.