Dorda has advised Petrus Advisers on the sale of approximately five million shares in Conwert to German-listed property company Adler Real Estate, which as a result increased its stake in the company to more than 25%. Adler was advised in Austria by DLA Piper and in Germany by Norton Rose Fulbright on the transaction, which was valued at approximately EUR 70 million.
In The Corner Office, we invite Managing Partners at law firms from across the region to share information about the strategies they employ to keep their teams motivated, effective, and focused. For this issue, we asked them to reveal what sorts of firm retreats and activities they host and/or organize for their lawyers.
DLA Piper has announced the appointment of former CMS dispute resolution Partner Olga Vorozhbyt as Partner and Head of the firm's Ukraine Litigation & Regulatory practice.
Comprehensive Review in Bulgaria
Hristo Nihrizov, Partner at Dimitrov, Petrov & Co., reported that the Bulgarian TV and radio markets are dominated by three big, established operators in the country. There are some new international players (e.g., Bloomberg recently launched a new business-oriented channel with a local partner), but Nihrizov noted that these new channels usually face an uphill battle in carving out market share and generally focus instead on niche markets. Overall, though, he pointed to a growing number of channels in the country, “which is good for the consumers.”
DLA Piper Horvath & Partners has advised Mediaworks Hungary Zrt. on the acquisition of Pannon Lapok Tarsasaga Kiadoi Kft. from Funke Mediengruppe. GSV Legal advised Mediaworks on Austrian matters. Schoenherr advised Funke Mediengruppe on the acquisition.
CMS (on M&A) and DLA Piper (on financing) have advised Erste Group Immorent on the sale of the five-star hotel and apartment complex Radisson Blu Resort & Spa, Dubrovnik Sun Gardens to Chinese investor ADC GmbH. Savoric & Partner advised the buyer on the deal.
The latest amendment of the Act on Protection of Competition (the "Amendment") widens the powers of the Slovak Competition Authority (Protimonopolný úrad Slovenskej republiky) (the "Authority") while punishing any coordination of undertakings in a public procurement, public tender or other similar collusive tendering ("bid rigging").