On October 6, 2015, the Court of Justice of the European Union (CJEU) issued its judgment on the Maximillian Schrems vs Data Commissioner case (the “CJEU Decision”). Within the week, dozens of client alerts circulated from law firms describing the impact of the decision on companies operating within EU member jurisdictions and beyond. What follows here is a review of pressing issues in various CEE jurisdictions, considering this decision and its ramifications.
Dentons has assisted AmRest Holdings SE in acquiring Starbucks franchises in Romania and Bulgaria from the Marinopoulos Group. AmRest will now operate 18 Starbucks coffee shops in Romania, and 5 in Bulgaria. Dentons describes the acquisition as an "entryway into the Romanian market” for AmRest. The transaction is valued at approximately EUR 16 million.
The Bulgarian Velchev & Co law firm has announced that it is representing the GANT clothing brand in Bulgaria.
GANT currently has more than 4000 stores in over 60 countries around the world. Velchev & Co lawyers Pavel Velchev and Velislav Dramov will represent the company before the Bulgarian Central Customs Directorate regarding border control matters on goods bearing the brand.
Following on the already-reported news that Wolf Theiss has made Ileana Glodeanu a Partner in its Bucharest office, the firm announced today that it had made four more partners in various CEE offices. Lawyers Laura Struc (Ljubljana), Katerina Kraeva and Radoslav Mikov (Sofia) and Sebastian Oberzaucher (Vienna) all joined the Wolf Theiss partnership along with Glodeanu.