CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
As the first publicly listed Bulgarian company in the gaming industry, Telematic Interactive Bulgaria has set its sights on aligning employee engagement with corporate growth through an ambitious Employee Stock Ownership Plan (ESOP). Being part of the team that advised Telematic on this project, in this article, I’ll provide a detailed look at the motivations behind this decision, the structure of the ESOP, and the intricate legal challenges faced during its implementation.
Greenberg Traurig has advised Diagnostyka on its initial public offering and admission to trading on the regulated market of the Warsaw Stock Exchange. White & Case advised the underwriters. Baker McKenzie advised Diagnostyka's majority shareholder Mid Europa.
Lexist has advised Birlesim Grup Enerji on its initial public offering on Borsa Istanbul, which raised approximately TRY 1.4 billion.
White & Case has advised Orlen on its issuance of USD 1.25 billion in unsecured bonds on the US Rule 144A bond market. Clifford Chance advised the banks.
Dentons has advised the Republic of Lithuania on the issuance of two EUR-denominated benchmark bonds under its Euro Medium Term Note Program. TGS Baltic reportedly advised the Republic of Lithuania as well. Freshfields and Sorainen reportedly advised the underwriters.
Paksoy, working with Linklaters, has advised Turkcell on its USD 1 billion Eurobond offering. Allen Overy Shearman Sterling and its Turkish affiliate Gedik Eraksoy reportedly advised the joint bookrunners.
White & Case has advised joint bookrunners Citigroup Global Markets Europe, Danske Bank, PKO Bank Polski, Societe Generale, UBS Europe, and UniCredit Bank on PKO Bank Polski’s EUR 750 million 3.375% senior preferred notes issuance due 2028. Allen & Overy Shearman Sterling reportedly advised PKO Bank Polski on the issuance.
