The Buzz is a short summary of the major and relevant topics of interest in Central and Eastern Europe, provided by those best positioned to know: law firm partners and legal journalists/commentators on the ground in each CEE country.
The Clifford Chance Prague Corporate team has advised ASSA ABLOY, which it describes as "the international market leader in door opening solutions operating in more than 70 countries,” on the successful conclusion of an agreement for the sale of its global car lock business to Alpha Corporation, a Japanese manufacturer of lock and key products for the automobile, housing, and industrial sectors. Allen & Overy represented Alpha on the deal. The sale remains subject to regulatory approval and is expected to close in the second quarter of 2016.
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.
The Czech Republic’s Hruby & Buchvaldek law firm has been engaged by Sebre — a Czech real estate development company — to advise it during the preparation of its new Medport project in Holesovice, a developing area of Prague. According to Hruby & Buchvaldek, Medport will be a multi-purpose building "featuring the innovative and modern architectural design of the renowned studio led by Stanislav Fiala."
White & Case has advised Mid Europa Partners (MEP) and Squire Patton Boggs has advised CEE Equity Partners — the investment advisor to the China CEE Investment Co-operation Fund — on the latter’s investment into the Energy 21 operator of photovoltaic power plants. The terms of the agreement were not disclosed.
Glatzova & Co. has announced that, on January 1, 2016, Czech Banking & Finance lawyer Libor Nemec was promoted from Senior Associate to Partner.
Filip Melzer, Petr Tegl, and Milan Hulmak, three Of Counsels from Havel, Holasek & Partners, were appointed by the Slovak Minister of Justice, Tomas Borec, to the country’s Committee for the Recodification of Private Law. As part of the Committee, they will assist in preparing the new Slovakian Civil Code.
White & Case has advised Super Group Limited (Super Group) on its acquisition of the IN tIME group from funds advised by Equistone Partners Europe, in a deal that values the company at EUR 153.5 million. Equistone was advised by P+P Pollath + Partners. The transaction should complete in the autumn after approval by the central bank of South Africa.