Former Counsels Andrei Croitoru and Iustina Oblu have been appointed as Partners with Act Botezatu Estrade Partners.
The Debrief: January 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
New Tourism Act – What is the Impact on the Real Estate Market?
According to the government, the act is designed to tackle certain perceived downsides of excessive tourism, such as the lack of affordable long-term accommodation for the housing needs of the local population, a negative impact on the environment (especially the sea, sea coast, and islands), as well as a negative impact on cultural heritage sites.
DTB and Savoric & Partners Advise on Plava Laguna Sale of Hotel Bonavia to Bonavia Rijeka
Divjak Topic Bahtijarevic & Krka has advised Plava Laguna on the sale of Bonavia – a four-star hotel in Rijeka – to Bonavia Rijeka. Savoric & Partners advised the buyers.
Crido Advises Borgestad ASA on Refinancing for Agora Bytom Shopping Center
Crido has advised Borgestad ASA on refinancing the credit for the Agora Bytom shopping center with Bank Pekao. CMS reportedly advised the bank.
Wojciech Koczara Joins Andersen Poland as Partner
Wojciech Koczara has joined Andersen’s Polish team as a Partner and will be responsible for the development of the Real Estate and Construction practice of the firm.
New Hungarian Construction Act Adopted – Significant Changes Ahead
Aiming to create a modern, transparent, and unified regulatory framework by replacing the current fragmented regime, the new Hungarian Construction Act was adopted in December 2023.The new Act makes such substantial changes that most of its provisions will enter into force in phases between 2024 and 2027. In the following, we outline the basic features of the new Act.