CMS Warsaw is advising Aberdeen Standard European Logistics Income PLC on the acquisition of a logistics warehouse in Krakow from global real estate developers Panattoni Development Co and Marvipol SA.

CMS has announced that Andrzej Posniak will replace Malgorzata Surdek as Managing Partner of the firm’s Polish operations on May 1, 2019.

BPV Braun Partners has advised the Conseq Realitni real estate fund on the acquisition of the A7 Office Center, an administrative and commercial complex in the Holesovice neighborhood in Prague, from Revetas Capital. CMS advised Revetas Capital on the sale.

CMS and Turzan Cazac have advised the OTP Bank Group on the acquisition of 87.85% of shares in Mobiasbanca from the Societe Generale group. Schoenherr, working with lead counsel Jones Day, advised Societe Generale on the sale. 

CMS has advised RESO-Garantia on its acquisition of ERGO Insurance, a Russian subsidiary of the ERGO Group, from ERGO International AG. Alrud advised ERGO International on the sale. Financial details were not disclosed and the acquisition remains subject to regulatory approvals.

Former CMS Senior Counsel Gabor Gelencser has joined Kinstellar's Budapest office as Partner.

CMS has advised China Communications Construction Company Ltd. on structuring and winning a public procurement contract for the Bulgarian railways.

CMS has advised logistics company Fresh and Food Logistics on the acquisition of the logistics activities of Froneri, a joint venture of Nestle and R&R for production of ice-cream, frozen foods, and dairy products in Sofia and Varna, Bulgaria. Djingov, Gouginski, Kyutchukov & Velichkov advised Froneri on this deal.

CMS has successfully represented RES Technology in a dispute heard by the Arbitration Court of the Bulgarian Chamber of Commerce and Industry initiated by Bulgaria's state-owned electricity transmission system operator ESO EAD.

Marija Zrno has been appointed Partner at CMS Zagreb.

On July 30, 2018, Russian President Vladimir Putin signed into law two bills approved by the Russian Parliament aimed at improving commercial, civil, administrative and criminal proceedings in Russia (the “Bills”).

The The rules on collective redress were first introduced in Croatia’s legal system by two special acts – the 2003 Consumer Protection Act and the 2009 Act on Prevention of Discrimination. It was only later, in 2011, that the Civil Procedure Act provided the general legal framework for collective redress actions, named “actions for the protection of collective interests and rights.”

Bulgaria, along with the entire CEE region, has been experiencing a surge in investment and transactions over the past two to three years. Prior to that, hit by a late wave of the global recession, Bulgarian business faced problems with over-indebtedness, resulting in a large number of insolvencies, especially in the real estate sector. Since then, however, insolvencies have been decreasing. Thus, the recent uptick in the number of insolvency procedures being initiated in a particular sector – energy – deserves special focus and attention.

While globalization and digitalization have increased the risk of violations that affect thousands of consumers, several EU member states — including Austria — do not yet offer class action lawsuits. The EU Commission has therefore proposed a draft directive to allow representative actions for the protection of collective interests of consumers as part of its “New Deal for Consumers.”

Wolf Theiss has advised DDM Group and B2Holding on the acquisition of Heta Asset Resolution's Croatian servicing platform and a portfolio of receivables and properties with a face value of EUR 800 million. CMS Reich-Rohrwig Hainz advised Heta on the sale, which remains subject to regulatory approval.

DLA Piper has advised Capital Park on obtaining a EUR 159.3 million loan from the European Investment Bank and Pekao SA for the implementation of the "ArtN" project. CMS advised the lenders.

CMS Russia has advised the shareholders of Western Siberian Commercial Bank on the sale of shares representing a total of 71.8% of the bank’s share capital to VTB Bank.

We’re still in the aftermath of the general elections that occurred in October of 2018,” says Andrea Zubovic-Devedzic, Partner at CMS in Sarajevo, who describes the elections as “ the biggest topic in 2018.” According to Zubovic-Devedzic, “there was a lot of wait-and-see before the elections. The hope was the government would be formed quickly and things would pick up. But unfortunately that hasn’t happened yet, and we’re still waiting.”