With the war in Ukraine raging for more than six months, law firms across the region have reported increased workloads in corporate and M&A, tax, employment, immigration law, and inquiries on the sanctions regimes in relevant jurisdictions, noting that companies from Ukraine, Russia, and Belarus are variously looking for a new home. Whether to avoid sanctions or escape the war, those companies consider a variety of factors in determining where to go.
Did You Know: Most Active Firms in CEE Banking/Finance in 2022
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Clifford Chance has worked on 23 reported Banking/Finance deals in CEE so far this year – the most of any firm – with Dentons, which has worked on 22 such deals so far this year, right behind?
Dentons and BASEAK Advise FMO Ventures on SolarX Funding
Dentons and Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership have advised Dutch Development Finance Corporation's venture capital program FMO Ventures on a EUR 5.5 million subscription for convertible notes and redeemable shares in SolarX. Satis Partners reportedly advised FMO in Mali, Burkina Faso, and Senegal. Ffooks Gokulsing reportedly advised SolarX.
BASEAK Advises Magic Games on USD 5 Million Seed Investment Round
Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Magic Games on its USD 5 million seed stage investment round, led by Makers Fund. Reportedly, Orrick advised Magic Games as well, and Fladgate LLP advised Makers Fund.
Dentons Advises Groupama Gan REIM on Acquisition of Freedom Palace in Budapest
Dentons has advised Groupama Gan REIM on its acquisition of the Freedom Palace in Budapest.
KECO Legal and BASEAK Advise on Cypher Games' USD 3.2 Million Pre-Seed Round
The Kumkumoglu Ergun Cin Ozdogan Attorney Partnership has advised Turkish casual mobile game developer Cypher Games on its USD 3.2 million pre-seed financing round. Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership advised 500 Global on its investment. Thompson Legal Advisory Services reportedly advised Play Ventures on leading the round.
Dentons Advises on EUR 205 Million Refinancing of Cibuk Wind Farm in Serbia
Dentons has advised Vetroelektrane Balkana on a EUR 205 million refinancing of the 158-megawatt Cibuk wind farm located in Mramorak, Serbia. CMS reportedly advised the lenders on the deal.
Dentons Advises Banks on EUR 160 Million ESG-Linked Loan to State Heating Holding
Dentons has advised a club of banks led by Tatra Banka and including UniCredit Bank Czech Republic and Slovakia, Slovenska Sporitelna, and Ceskoslovenska Obchodni Banka on a EUR 160 million ESG-linked syndicated loan to MH Teplarensky Holding. BBH reportedly advised the borrower.
Greenberg Traurig and Dentons Advise on Generali Real Estate's Development Agreement with MDC2 for Skawina Plots
Greenberg Traurig has advised Generali Real Estate on the acquisition of undeveloped plots located in Skawina, near Krakow, and the development management agreement with MDC2. Dentons advised MDC2 on the deal.
NBU Amends Martial Law Limitations Allowing Ukrainian Borrowers to Make Certain Payments on Cross-border Loans and Introduces Additional Restrictions
On 2 September 2022, the National Bank of Ukraine (NBU) adopted a new slew of changes to the martial law restrictions introduced on 24 February 2022:
Dentons and Dimitrijevic & Partners Advise on Financing for Mtel in Bosnia and Herzegovina
Dentons and Dimitrijevic & Partners have advised coordinator, bookrunner, and mandated lead arranger UniCredit on a EUR 90 million term loan facility for Mtel Banja Luka. Solo practitioner Loren Richards reportedly advised the borrower.
Dentons and White & Case Advise on Eurowag Refinancing
Dentons has advised Komercni Banka and Ceska Sporitelna on the EUR 715 million refinancing of the Eurowag Group. White & Case advised Eurowag.
Oana Voda Joins Dentons as Head of Public Procurement
Former Filip & Company Of Counsel Oana Voda has joined Dentons’ Bucharest office as Head of Public Procurement.
CMS and Dentons Advise on Saint-Gobain’s PPA with Tion Renewables
CMS has advised the Saint-Gobain Group on the conclusion of a 15-year virtual power purchase agreement for the acquisition of renewable energy from Tion Renewables' onshore wind farms in Poland. Dentons advised Tion Renewables.
The Czech Republic Preparing for the Worst: A Buzz Interview with Jiri Tomola of Dentons
With instability and uncertainty both in the political and economic spheres, the Czech Republic is preparing for a new wave of restructuring and insolvency procedures, according to Dentons Partner Jiri Tomola.
GNZ Legal and Dentons Advise on Wento’s Sale of PV Portfolio to Modus Asset Management
Gorzelnik Nentwig Ziebinski has advised Equinor Group company Wento on its sale of a 28-megawatt solar photovoltaics portfolio to Modus Asset Management. Dentons has advised the buyer.
Closing: Marvipol Development's Sale of Unique Tower Now Closed
On September 16, 2022, Greenberg Traurig announced that Marvipol Development's sale of Unique Tower to Heimstaden Bostad (reported by CEE Legal Matters on February 2, 2021) has now closed.
Clifford Chance and Dentons Advise on Prologis’ EUR 1.585 Billion Acquisition of Crossbay Logistics Portfolio
Clifford Chance has advised Prologis on its EUR 1.585 billion acquisition of Crossbay's urban logistics portfolio from Crossbay and Mark. Dentons advised the sellers.