DLA Piper has advised Erste Group Bank on S Immo’s EUR 75 million green bond issuance under its EUR 300 million issuance program. Cerha Hempel reportedly advised S Immo.
Schoenherr and DLA Piper Advise on GfK's Sale of European Consumer Panel Business to YouGov
Schoenherr, working alongside Jones Day, has advised GfK SE on the EUR 315 million sale of its European Consumer Panel business to YouGov. DLA Piper advised YouGov.
Wolf Theiss and DLA Piper Advise on UBM Development EUR 50 Million Green Bond Issuance
Wolf Theiss has advised joint lead managers and bookrunners Raiffeisen Bank International and MM Warburg on the subscription and placement of UBM Development's EUR 50 million issuance of 7% green bonds. DLA Piper advised the issuer.
DLA Piper and Dentons Advise on ONDE Sale of Cyranka to Engie Zielona Energia
DLA Piper has advised ONDE on its sale of two photovoltaic power plants in Gizycko with a total capacity of 18 megawatts to Engie Zielona Energia in a share deal for all shares in Cyranka. Dentons advised Engie on the acquisition.
DLA Piper and Grant Thornton Advise on Acquisition of Victoria Cymes
DLA Piper has advised Bracia Sadownicy and its founders on joining forces with minority investor Syntaxis Capital – providing a mezzanine loan – to acquire Victoria Cymes. Grant Thornton advised both the buyer and the investor on due diligence for the target. CMS reportedly advised Syntaxis Capital.
Schoenherr and DLA Piper Advise on DDM Acquisition of Intrum's NPL Portfolio in Romania
Schoenherr has advised DDM Holding on the acquisition of a non-performing loan portfolio with a face value of over EUR 1 billion from Intrum. DLA Piper advised Intrum on the sale and its exit from the Romanian market.
Czech Republic: Upcoming New Administrative Obligations for Payment Service Providers
The Czech government is introducing new requirements and obligations for payment service providers based on the latest EU legislation. The new rules are expected to take effect from January 2024 and the legislative process is underway.
Austria: New Investment Firm Act – The End of Mixing Apples and Oranges?
Investment firms, which operate in financial markets and provide investment services to third parties, were subject to the same organizational regulations as credit institutions, despite their different business and risk profiles. Their activities are regulated by MiFID II, which was transposed by the Austrian Securities Supervision Act 2018.
Croatia: Resilience Facing the Banking Crisis – The EU Credit Institution Recovery and Resolution Framework’s Role
In today’s global economy, credit institutions play a critical role in providing financial services to individuals, businesses, and governments. However, the failure of a credit institution may result in far-reaching consequences, as we have recently seen with banking crises in Switzerland, the US, and, potentially, Europe.
Harrisons Advises EBRD on EUR 82 Million Loan to Elektroprivreda Crne Gore for 55-Megawatt Gvozd Wind Farm
Harrisons, working with DLA Piper UK, has advised the EBRD on its EUR 82 million loan to state-owned electricity company Elektroprivreda Crne Gore and Green Gvozd – a special-purpose vehicle to be fully acquired by EPCG – for the construction of a new 55-megawatt onshore wind farm in Montenegro.
DLA Piper and Vlasceanu & Partners Advise on Phoenix' EUR 150 Million Investment in Photovoltaic Projects with Econergy
DLA Piper has advised the Phoenix group on its joint venture with Econergy resulting in a EUR 150 million investment by the Phoenix group in renewable energy projects in Romania and Poland. Vlasceanu & Partners advised Econergy.
Hungary's Transactional Slowdown: A Buzz Interview with Andras Posztl of DLA Piper Hungary
Lawyers are keeping busy with new legislation, dispute resolution, and technology work in Hungary, while transactional work and FDIs show a marked slowdown, according to DLA Piper Hungary Country Managing Partner Andras Posztl.
All Hail the Superbank
In recent years, the major development in Hungary’s banking system is the establishment of the country’s superbank through the merger of Budapest Bank, MKB Bank, and the Takarek Group. DLA Piper Partner Andras Nemescsoi, Forgo Damjanovic & Partners Managing Partner Gabor Damjanovic, and Jalsovszky Law Firm Managing Partner Pal Jalsovszky share insights into the driving forces behind this development, its current status, and its anticipated impact on Hungary’s banking sector.
Budapest’s Blockbuster Business
Hungary has traditionally been the go-to hub for filming in Continental Europe. DLA Piper Partner Monika Horvath and Dentons Partner Timea Bana talk about the evolution of Hungary’s film industry over the past decade and whether the country has maintained its position as the primary European filming destination.
DLA Piper Advises Inter-Turbo Shareholders on Sale to BBB Industries
DLA Piper has advised Inter-Turbo's shareholders on their full sale of the company to BBB Industries subsidiary Budweg Caliper. Domanski Zakrzewski Palinka and Simmons & Simmons reportedly advised BBB Industries.
Tomas Scerba and Michal Hink Join DLA Piper as Partners in Prague
Former White & Case Local Partner Tomas Scerba and Michal Hink – previously Dentons’ Czech Republic Managing Partner – have joined DLA Piper’s Prague office as Partners. Alongside the two, Leo Javorek also joined the firm as a Counsel.
Dentons Advises HB Reavis on Financing Forest Office Campus in Warsaw
Dentons has advised HB Reavis on obtaining additional funds for the Forest office campus in Warsaw. The syndicate of lenders – Santander Bank Polska, BNP Paribas Bank Polska, Bank Pekao, and PKO Bank Polski – increased the existing loan from EUR 162 million to EUR 205 million. DLA Piper reportedly advised the banks.
Can the Hungarian Public Prosecutor Challenge Foreign Companies’ General Terms of Business in Hungarian Courts? The Budapest Court of Appeal Thinks So
In a recent case (under No. BDT2023.4623), the Budapest Court of Appeal made an important decision on the issue of jurisdiction. The case related to challenging the fairness (and the validity) of general terms of business (GTCs) of foreign service providers engaging in business with consumers in Hungary.