Clifford Chance has advised the real estate investor Patria investicni Spolecnost on its acquisition of shares in part of the Panattoni Park Chomutov North production hub from RSJ Investments investicni Spolecnost. Havel & Partners reportedly advised RSJ.
Postponed Entry into force of the New Land Registry Act and Other Amendments to Different Laws
A bill amending certain laws affecting the functioning of the state was adopted by the Parliament in the middle of June 2024. The bill postpones again the entry into force of the new Land Registry Act to 15 January 2025. In addition, the bill amends provisions in several different areas of law (e.g. health, education, immigration).
The New Obligation of Common Representatives
Approximately 1.5 million condominiums are affected by an amendment of the Condominium Act regarding the registration of common representatives.
The Republic Geodetic Authority Conducted an Assessment of Apartment Values: A New Standard in Transparency and Accessibility of Real Estate Data
The Republic Geodetic Authority of Serbia (“RGZ“) announced in June 2024 that it has conducted a mass assessment of apartment values across Serbia, aiming to set a new standard in transparency and accessibility of real estate data.
DZP Mints Five New Partners
DZP has promoted Beata Cieszynska, Anna Okla-Wozniak, Jaroslaw Przybylski, Krzysztof Stecyk, and Maciej Zajda to Partner.
New Category of Pre-Emptors Involved in the Purchase of Extra Muros Farmland?
A recent legislative amendment to Law no. 17/2014, concerning certain measures regulating the sale of extra muros agricultural land, which also amends Law no. 268/2001 on the privatisation of companies managing public and private state-owned agricultural land and the establishment of the State Domains Agency (“Law 17”), has been proposed in the Romanian Senate. This amendment aims to introduce a new category of pre-emptors: owners of land adjoining extra muros arable land, regardless of the location within or outside city limits and regardless of the land use category.
Clifford Chance Advises PPF Banka on Crestyl Residential Project Financing
Clifford Chance has advised PPF Banka on financing Crestyl's development of Zamecke Zahrady III and 33 residential homes.