CMS has advised Dutch Good Growth Fund on obtaining the necessary regulatory approval for its acquisition of a significant shareholding in the joint-stock company Joint Stock Bank Lviv. CMS has also advised Bank Lviv on certain transactional documents in the acquisition.
Zepos & Yannopoulos Advises UCI Greece on Renewal of Operating License
Zepos & Yannopoulos has advised UCI Greece Credit and Loans Receivables Servicing Company on the renewal of the company’s operating license by the Bank of Greece.
CMS Advises OMV Offshore Bulgaria on Force Majeure Certificate
CMS has advised OMV Offshore Bulgaria on the permit transfer procedure with the Bulgarian Government and the issuance of a force majeure certificate by the Bulgarian Chamber of Commerce and Industry for the Han Asparuh 1-21 offshore block.
Glatzova & Co Advises Pale Fire Capital on License from Czech National Bank
Glatzova & Co has helped Pale Fire Capital obtain a license from the Czech National Bank for an investment company authorized to exceed the so-called "decisive limit."
Imposing Administrative Fines on Companies or What Is the Reason for Delaying the Adoption of European Values in the Countries of the Western Balkans
The reasoning behind the draft laws not included in the laws those provisions from the EU regulations that can be applied only by the member states of the European Union, as well as those that prescribe obligations only for the member states, is questionable.
CMS Advises Danske Commodities on Licensing Before Bulgarian Energy and Water Regulatory Commission
CMS has advised electricity trader Danske Commodities on the licensing of its Bulgarian activities before the country's Energy and Water Regulatory Commission, including for the coordination of a standard and combined balancing group.
Turkish Constitutional Court Annulled the Regulation Setting a Monetary Limit for Appeals Before Regional Administrative Court
Following the Constitutional Court’s (“TCC”) decision annulling the monetary limits for appeal in administrative jurisdiction, the TCC has annulled the regulation that no appeal can be filed against decisions on cases of tax and full remedy and actions of annulment of administrative acts, the subject matter of which does not exceed five thousand liras, as well as the regulation regarding the revaluation of monetary limits. The decision will enter into force on September 21, 2024, nine months after its publication in the Official Gazette.