Regarding the way the M&A transactions are conducted recently, we notice that the representations and warranties insurance policy for breaches of representations and warranties by the seller in the M&A (the “Warranty Insurance Policies” or the “RWI”) transactions are used more frequently.

Legal Partners and Krehic & Partners, both members of the Deloitte Legal Network, advised a group of German investors led by Brillant3221. GmbH on the acquisition of 100% of the shares of Dolomit d.o.o. Kupres, which exploits and processes minerals in Bosnia and Herzegovina.

Jank Weiler Operenyi, the Austrian member of Deloitte Legal, has advised the Kruger Group, the minority shareholder in soda maker manufacturer Sodapop Austria GmbH, on the acquisition of the remaining shares of the company from BAST Unternehmensbeteiligungs GmbH and ROHE Vertriebsmanagement und BeteiligungsgmbH. Austria's Berger Ettel law firm reportedly advised the sellers.

Greenberg Traurig has advised the CCC Group on the acquisition by Cyfrowy Polsat and A&R Investments Limited of 10% stakes in subsidiary eobuwie.pl for PLN 500 million each. Deloitte Legal reportedly advised A&R Investments Limited and Modrzewski represented Cyfrowy Polsat.

Gide has advised Sierra Gorda S.C.M., KGHM Polska Miedz S.A., Sumitomo Metal Mining CO., LTD, and Sumitomo Corporation on a USD 700 million financing from Bank Gospodarstwa Krajowego. Sullivan & Cromwell advised Sumitomo Corporation and Sumitomo Metal Mining as well, while Deloitte Legal advised BGK on the deal.

CEE Attorneys has advised the RT Torax Group on the acquisition of the 6,203-square meter Premium Plaza office building in the Czech spa city of Karlovy Vary from the UBM Development group, which was advised by Deloitte Legal.

SSW Pragmatic Solutions has advised Polish resin manufacturer Lerg on the acquisition of another Polish resin manufacturer, Ciech Zywice, from the Ciech Group. Soltysinski Kawecki & Szlezak advised the Ciech Group on the transaction.

Krehic & Partners in cooperation with Deloitte Legal has helped OMV-Indoil form a strategic partnership with AVK International through the sale of shares. Vukmir & Associates reportedly advised AVK International on the deal.

Under the Croatian law, a foundation is a non-profit legal entity without any members, which includes assets permanently intended to serve a generally useful or charitable purpose on its own or through income it generates.

How the Covid-19 Pandemic and Technological Innovations affect the insurance and M&A Market. As we are all aware, the last year was challenging for almost all industries, including the insurance companies, which were inevitably affected by both COVID-19 pandemic and technological innovations, and now must face the forthcoming risks and challenges.

The expression “never a dull moment” could have been tailor-made to describe the ethics and compliance function and how it has evolved over the past decade or so. The well-publicized scandals that started to take place on the market (concerning, e.g., anti-money laundering or privacy incompliances) led the policy makers to pass sweeping legislation that called for increased regulation, greater transparency, and more rigorous scrutiny of corporations.

In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time: “What one ongoing pro bono initiative or project or charity/volunteering project that your firm is involved with has the most meaning for you personally, and why?”

Deloitte Legal has advised Kursenu ZUB on the intra-group restructuring of its four subsidiaries.

Schoenherr has advised Switzerland-based technology company ABB on the sale of its plant in Ozd, Hungary, to wellness equipment producer Wellis, which was advised by Deloitte Legal.

Deloitte Legal has advised New Energy Investments on a green bonds issue with a total nominal value of up to PLN 500 million. The issue had the form of a non-public offer.

On July 07, 2020, the Albanian Parliament approved Law no. 112/2020, dated 29.07.2020 “On the register of beneficial owners.”

In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: ”What is your single most favorite client matter in your career?”

“Things are, right now, Covid-driven again, really,” begins Partner Marc Lager, the head of the EU Competition Law and Global Trade practice in the Vienna office of Deloitte Legal. “The numbers have been going up a bit lately, as in other parts of Europe, and there have been talks of reintroducing some of the measures that were in place earlier in the year.”