CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Reed Smith has advised PPC Renewables on its acquisition of a wind projects portfolio – totaling approximately 164 megawatts – from Intrakat as well as on the parties' strategic cooperation on developing a further 1.6 gigawatts in renewable energy projects. Argyropoulos-Gissaki & Associates reportedly advised Intrakat.
Stratulat Albulescu has advised the American Industrial Partners Capital Fund VII on its acquisition of Veoneer's Restraint Control Systems business.
Deloitte Legal has advised Slovenia's Iskra on its acquisition of Croatian engineering company Elmap and Elmap Projekt from the Bozikovic family.
On February 22, 2024, Bulgaria, previously one of the few remaining EU countries without foreign direct investment (FDI) controls, introduced a new FDI screening regime in accordance with the EU FDI Screening Regulation 2019/452 (the “EU FDI Screening Regulation”).
Former Deloitte Legal Partners Ryszard Manteuffel and Robert Semczuk have joined the CMS Corporate/M&A practice in Poland as a Partner and a Counsel, respectively.
TGS Baltic, working with Cederquist, has advised Kinnevik on the sale of its entire holding in Tele2 to Freya Investissement for a total of SEK 13 billion.
Until recently, Bulgaria was one of the few remaining EU countries not to have adopted a foreign direct investment (FDI) screening regime. However, this was set to change with the introduction of a bill in late June 2023 to amend the Investment Promotion Act. This amendment implements the screening mechanism outlined in Regulation (EU) 2019/452 (the "EU FDI Screening Regulation").
