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TGS Baltic and Deloitte Advise CVI on Secured Mezzanine Bonds Transaction for SIA Riga Retail Park

TGS Baltic and Deloitte Legal have advised CVI Dom Maklerski on financing provided to SIA Riga Retail Park for the purposes of co-financing its acquisition of real property as well as the construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, by Baltic real estate developer VPH UAB.

Read more: TGS Baltic and Deloitte Advise CVI on Secured Mezzanine Bonds Transaction for SIA Riga Retail Park

Ellex Klavins has advised SIA Verus Praedium on its sale of 14.45 hectares of land to SIA Riga Retail Park for the development of a new Saga shopping center. Riga Retail Park was reportedly advised by Sorainen.

Read more: Ellex Advises SIA Verus Praedium on Sale of Land to SIA Riga Retail Park

The Lithuanian office of Deloitte Legal has participated in a multi-jurisdictional team advising Enva, a provider of recycling and specialist resource recovery solutions in the UK and Ireland, on its acquisition of SAR Recycling Ltd.

Read more: Deloitte Legal Advises Enva on Acquisition of SAR Recycling

Wolf Theiss worked alongside lead counsel Travers Smith in advising TA Associates on an unspecified investment in Netrisk, a Hungarian online independent insurance marketplace. Netrisk and existing investor MCI Capital were advised by Deloitte Legal.

Read more: Wolf Theiss and Travers Smith Advise TA Associates on Investment in Netrisk.hu

Deloitte Legal has advised Hungarian web-based insurance broker Netrisk and its majority shareholder, MCI.EuroVentures 1.0., on Netrisk's acquisition of a 100% stake in Biztositas.hu Biztositasi Alkusz Kft., a Hungarian online insurance agent.

Read more: Deloitte Legal Advises Netrisk on Acquisition of Biztositas.hu Biztositasi Alkusz Kft.

CMS has advised AFI Europe on its EUR 300 million acquisition of four Class A office projects in Romania from NEPI Rockcastle. The sellers were advised on the transaction, which is reported by CMS to be "one of the biggest in CEE and the largest-ever for the Romanian real estate market," by Herbert Smith Freehills and Reff & Associates, the Romanian member firm of Deloitte Legal.

Read more: CMS, Reff & Associates, and Herbert Smith Freehills Advise on AFI Europe Acquisition of Romanian...

Noerr had advised Papierfabrik Adolf Jass GmbH & Co. KG on the acquisition of 100% of shares in the share capital of Convert PL sp. z o.o., owned by Ostoja I Fundusz Inwestycyjny Zamknięty Aktywow Niepublicznych, a closed-end investment fund backed by the Giermaziak family. Convert PL was advised by Deloitte Legal on the transaction, which closed on December 5, 2019.

Read more: Noerr and Deloitte Legal Advise on Papierfabrik Adolf Jass’ Takeover of Convert PL

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 was the most difficult or unpleasant experience you had terminating someone’s employment?”

Read more: The Corner Office: The Most Difficult Lay-Off

Former Lakatos, Koves & Partners Associate Magdolna Csider has joined Deloitte Legal in Budapest as an Associate Partner and Head of Real Estate and Construction Law.

Read more: Magdolna Csider Becomes Head of Real Estate and Construction Law at Deloitte Legal in Budapest

The fiscal aspects of the hydrocarbon sector in Albania will be soon governed by a new law. The new draft “On the Fiscal Regime for Petroleum Operations” law (the “New Draft Law”) was initially published in the Electronic Register of Public Announcement and Consultations on April 4, 2019 and has been circulated for comment among stakeholders, chambers of commerce, and experts’ associations in Albania.

Read more: New Draft “On the Fiscal Regime for Petroleum Operations” Law
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