CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Eversheds Sutherland has advised the Foreign Expansion Fund 2 FIZAN of Polski Fundusz Rozwoju on debt financing to Euvic for the acquisition of stakes in five companies operating in the IT sector in Lviv, Kyiv, Kharkiv, and Vinnytsia.
Schoenherr has advised Connectis on the acquisition of SpeedApp. Crido reportedly advised the sellers.
Brandl Talos has advised Highland Europe on its investment in SmaXtec as part of a round led by KKR. Dechert's Munich-based office advised the shareholders of SmaXtec. Gibson Dunn and Wolf Theiss reportedly advised KKR.
On 1 January 2025, inter alia, an amendment to the Personal Income Tax Act relating to intellectual property (IP) contribution entered into force.
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.
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 has advised Xplorer Fund on its exit from Photon Entertainment to Fidiasz ASI.
