CMS has advised Solar Park Trakiya on a EUR 32 million financing from EuroBank Bulgaria for the 57.6-megawatt-peal Sinitovo photovoltaic project.

CMS has advised a club of Czech banks including Ceska Sporitelna, Ceskoslovenska Obchodni Banka, Komercni Banka, and Raiffeisenbank, on financing for Smarty Brands Group. 

CMS has advised Actis on the acquisition of Dot Towers through its Connectis Tower platform, adding 50 sites to Actis’ portfolio.

CMS has advised Laerdal Medical on its acquisition of SIMCharacters. Frotz Riedl reportedly advised the sellers.

CMS has advised M Core Group on its acquisition of a strip mall portfolio in Romania from MAS as well as on the acquisition financing. 

Vlasceanu & Partners has advised Ecoenergy's Romanian subsidiary Heliolux on obtaining EUR 38 million in project financing from Raiffeisen Bank International for the 92-megawatt Parau photovoltaic solar project. CMS reportedly advised Raiffeisen Bank.

CMS has advised DRI on physical power purchase agreements with OMV Petrom for three separate solar projects.

CMS has advised HB Reavis on Alior Bank's headquarters relocation to Varso Place in Warsaw. WKB advised Alior Bank.

CMS' Croatian affiliate Bardek, Lisac, Musec, Skoko, and Partners has advised Privredna Banka Zagreb as the leading mandated arranger, coordinator, and agent on a EUR 283 million club loan, which also included Erste & Steiermaerkische Bank, Zagrebacka Banka, and OTP Banka, for Podravka's acquisition of companies from the Fortenova Group. Podravka also received a EUR 50 million equity investment from the EBRD, following the acquisition. Miskovic & Miskovic, BDK Advokati, and Gugic, Kovacic & Krivic advised Podravka. Mamic, Peric, Reberski, Rimac advised Fortenova Group. Wolf Theiss advised the EBRD. DLA Piper reportedly advised Podravka as well.

DLA Piper has advised the Government Debt Management Agency (AKK), acting on behalf of the Republic of Hungary, on an international syndicated revolving credit facility agreement for a total amount of EUR 1.5 billion with 13 undisclosed Hungarian and international banks. CMS advised the coordinating banks.

CMS has promoted Martina Gavalec and Natalia Janoskova to Partner at the firm’s Slovakia office.

CMS has advised EGLS Founders Holding on its partnership arrangements with Kamco Invest centering on European Green Logistics Space. Taylor Wessing advised Kamco Invest.

TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.

CMS has advised AEW on the sale of the Myslbek office and retail project to Max Realitni Fond SICAV.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around we turn our attention to setting up new practices and ask: When launching a new practice, what is your go-to strategy – do you look at internal team members to spearhead it, or are you more likely to turn to lateral hires? Why?

The Transfer of Undertakings (Protection of Employment) Regulations (TUPE Regulations) were incorporated in their current form into the laws of the European Union (EU) with Directive 2001/23/EC of March 12, 2001 (TUPE Directive), with Croatia ensuring its transposition in its legal system via the Labor Act (albeit with a few missed opportunities). Although TUPE Regulations are relatively simple to comprehend, with the main goal being the protection of employee rights in the event of a transfer of an undertaking, business, or part of an undertaking or business as a result of a legal transfer or merger, their application in practice raises many questions to which statutory provisions of Croatian law do not provide an answer.