CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Dentons has advised the Dr. Max Group on its EUR 940 million loan for the refinancing of its bank debt and further growth. UniCredit Bank Czech Republic and Slovakia and Komercni Banka led the 14-bank strong consortium. White & Case advised the banks.
While Polish public entities continue to express an ever-increasing interest in public-private partnerships (PPP) as a method of discharging public tasks, PPP activity has remained disappointingly slow in recent years. As can be seen from the 2009-2021 PPP Market Report by the Ministry of Regional Funds and Policies, just 24 procedures to select a private partner were launched in 2021, with PLN 627 million on the table, resulting in a paltry ten PPP contracts signed, worth PLN 172 million all told.
For the past decade, to boost its long-term economic outlook and service the needs of the growing population, Turkey has used the public-private partnership model extensively in the infrastructure sector.
By most counts, 2021 was a successful year for the Romanian M&A market. Tuca Zbarcea & Asociatii Deputy Managing Partner Stefan Damian, Nestor Nestor Diculescu Kingston Petersen Partner Gabriela Cacerea, Dentons Managing Partner Perry Zizzi, and Wolf Theiss M&A Partner Ileana Glodeanu have many reasons to believe 2022 could be a good year as well, but also quite a few to expect a slowdown in activity.
Dentons has advised Asseco Group company Asseco SEE on its acquisition of a majority stake in Bithat Solutions. Ionescu & Sava advised the seller.
ODI Law has advised REDI Development on a EUR 1 million term loan to microcredit foundation Horizonti Skopje. Dentons Luxembourg reportedly advised REDI as well.
Clifford Chance has advised Europa Capital on the acquisition of the D2 Logistics Park project together with partner White Star Real Estate. Dentons advised the undisclosed seller.
Radu Taracila Padurari Retevoescu has advised the Engie Group on its sale of an 80% stake in Flashnet to the Lucy Group. Dentons advised the buyer.
Greenberg Traurig has advised Invesco Real Estate on the sale of a logistics park in the vicinity of the Gdansk international airport to EQT Exeter.
Dentons has successfully represented Bibus Metal’s Romanian subsidiary Bibus SRL in a customs dispute before the Ploiesti Court Appeal in Romania.
Contributed by Dentons.
Dentons has advised GeneProof founders Radek Horvath and Milos Dendis on the company's merger with the American Laboratory Products Company, leading to the establishment of the ALPCO Group. Glatzova & Co and Sidley Austin advised the Silicon Valley Bank on financing the merger. Goodwin Procter and Schoenherr reportedly advised Ampersands, the owner of ALPC.
Dentons and TGS Baltic have advised the Republic of Lithuania on the EUR 650 million issuance of 2.125% notes due 2032, pursuant to the country's Euro Medium Term Note Program. Sorainen advised underwriters Barclays and BNP Paribas. Reportedly, Freshfields Bruckhaus Deringer advised the underwriters as well.
Dentons has recently announced its practice and sector group leadership appointments for the European Region, for the term ending December 2024. Partners Gulistan Baltaci, Piotr Dulewicz, Rob Irving, Arkadiusz Krasnodebski, Karol Laskowski, Evan Lazar, Tamsyn Mileham, Ewa Rutkowska-Subocz, and David Syed were among the appointees.
Dentons' Rob Irving Talks About The Deal of the Year in Montenegro – 4iG PLC’sAcquisition of Telenor Montenegro from PPF Group.
Although it would appear that no fewer than 10 000 online platforms operate in the EU, the digital market seems to be moulded by just a handful of them. This raised concerns among the Authorities in terms of, among others, transparency and fair competition. The Digital Markets Act (DMA), together with the upcoming Digital Services Act (DSA), forms a central part of the package proposed by the Commission to address such concerns, setting up specific obligations for the digital giants, the so-called gatekeepers.
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Dentons has worked on the most deals reported on the CEE Legal Matters website this year: a remarkable 44 as of May 24, 2022. CMS is in second place with 33 deals reported on the website, with Clifford Chance (31), Sorainen (29), and Allen & Overy (25) rounding out the top five.
Former Wilsons Attorney-at-Law Monika Kajankova has joined Dentons' Prague office as a Partner on May 15, 2022.
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Dentons is one of the leading law firms in CEE and Central Asia with offices in Warsaw, Prague, Budapest, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.