CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
TGS Baltic has helped Lenoka obtain permission from the Competition Council to acquire the lease rights and open a Mego store at the Driksas 4 location in Jelgava – which was previously leased by Maxima Latvija.
Karanovic & Partners has advised Burger King on entering the market of Bosnia and Herzegovina and the opening of its first restaurant in Sarajevo.
Schoenherr has advised the BHM Group on the share-deal acquisition of the Trencin Industrial Park in Slovakia and related financing. Kinstellar advised the Nova Real Estate investment fund on the sale.
Linklaters has advised Panattoni BTS on the construction of a factory for Maxcess. DLA Piper advised a group of private investors represented by Albaluna Investments.
On 7 June 2023, Bucharest Tribunal annulled, in the first instance, the zonal urban plan („ZUP”) of the 2nd District and suspended its effects until the final resolution of the case file, noting that it reduced green spaces, allowing the construction on tens of hectares of such areas, including areas occupied by parks, lakes, sports fields, etc. The case file is currently in appeal before Bucharest Court of Appeal[1].
Lakatos Koves & Partners has advised Bristol-based industrial thread manufacturer Coats on the sale of its thread factory in Ujpest, Hungary.
Reals has advised the Mint Residential Fund on its acquisition of a 168-apartment built-to-rent residential project in Prague 9 from Czech developer Finep. Clifford Chance advised the seller.
