Kondracki Celej, working with Sparring, has advised bValue Fund on a USD 10 million investment in Fudo Security. Pillsbury Winthrop Shaw Pittman reportedly advised Fudo Security.
Hungary: AI Act Provisions Applicable from February 2025
The AI Act introduces a comprehensive legal framework for companies dealing with AI systems in the EU. From 2 February 2025, companies subject to the regulation must take steps to ensure AI literacy and ensure that no prohibited AI practices are used. Non-compliance could lead to substantial fines.
SSK&W Advises Xplorer Fund on Exit from Photon Entertainment
SSK&W has advised Xplorer Fund on its exit from Photon Entertainment to Fidiasz ASI.
Sayenko Kharenko Backs Pro Bono Project Setting Ukrainian Defenders’ Poetry to Music
Sayenko Kharenko has provided pro bono support for a cultural initiative that aims to set war-time poems, written by Ukrainian defenders, to music.
Aksan Advises APY Ventures on Investment in Minted Connect
Aksan has advised APY Ventures on its investment in Minted Connect.
Cytowski & Partners Advises Axoflow on USD 7 Million Seed Series
Cytowski & Partners has advised Hungary-based Axoflow on its USD 7 million seed series with the participation of the EBRD, Credo Ventures, and E2.VC. Dentons reportedly advised the EBRD.
Czech Act on Digitalization of the Financial Market
On December 6, 2024, the Chamber of Deputies of the Czech Republic approved the Act on Digitalisation of the Financial Market (ZDFT), which represents an important step in adapting the Czech legal framework to European regulations in the area of digital financial markets.