The new Law of Ukraine “On Concession” (the “2019 Concession Law”) became effective on October 19, 2019, following several years of discussion. As the previous concession law (which was adopted in 1999) provided outdated and unenforceable regulations and was inconsistent with other laws regulating concessions and public-private partnerships in Ukraine, no significant concession projects had been developed in Ukraine for more than 20 years. The 2019 Concession Law provides a chance for Ukraine to overcome legal barriers to the development of concession projects and attract much needed investment into the country’s infrastructure.

Due to the complex constitutional structure of Bosnia and Herzegovina (composed as it is of two entities, Republika Srpska (RS) and Federation of BiH (FBiH), and the Brcko District), logistics, transportation, and shipping matters are regulated on the state level, entity level, and – in FBiH – cantonal administrative level.

Part I – Eppur si Muove

Schoenherr has advised Kommunalkredit Austria AG, the arranger and original lender, on Czech and Slovak acquisition financing provided to Enery Development for the acquisition of six 21 MW solar power plants in the Czech Republic and two 4 MW solar power plants in the Slovak Republic from Czech fund Green Horizon Renewables. CMS reportedly advised Enery and Badokh reportedly advised Green Horizon Renewables.

CMS Austria has advised Topinstallateur GmbH on the sale of a majority stake in the company to Germany's Auctus investment fund. Auctus was advised by Herbst Kinsky.

CMS Moscow's Head of Real Estate & Construction Artashes Oganov has been promoted to Partner at the firm.

CMS has advised the TIS Group on English and Ukrainian law aspects of a joint venture involving DP World's entry into Ukraine.

CMS has successfully assisted Korea's SDN Company Ltd on its successful regaining of control over photo-voltaic producer EU Sunday AD, which operates three projects in Bulgaria with 15 MWp installed capacity.

Lawyers from CMS in Ukraine and Poland have joined the firm's multi-national team advising the EBRD on the acquisition of a stake in Uzbek food retailer Korzinka. Uzbek law firm Leges reportedly advised the EBRD as well, while Dentons advised the sellers.

CMS has advised MEAG, a German renewable industry investor, on its acquisition of a 21 MW wind farm project located in Zary, in Western Poland, from Sweden's OX2 Wind International AB. The sellers were advised by Solivan and Studnicki, Pleszka, Cwiakalski, Gorski.

CMS has advised the Partners Group on its acquisition of a majority share of the VSB Group. Closing remains contingent on regulatory approval.

The world is getting older by the minute, and this is a fact.

With a total stock of over 800,000 square meters of office space and several large-scale office projects underway, Belgrade aims to further strengthen its position as a top choice for headquarters of investors operating in Serbia and SEE.

CMS Partner Ana Radnev on developments in Restructuring/Insolvency across CEE

CMS Belgrade has advised BMTS Technology on the opening of a manufacturing plant in Serbia.

Marcin Bejm, already the head of CMS's Infrastructure and Project Finance practice, has become the head of the Energy and Projects department as well, taking over from Tomasz Minkiewicz.

CMS Hungary has advised India-based manufacturing company SRF Limited on an EUR 70 million credit facility. 

CMS has advised Hyundai Electric & Energy Systems on the sale of its Bulgarian subsidiary Hyundai Heavy Industries Co. Bulgaria AD to the IBG Group. EY Law reportedly advised the buyers.