After a long year of waiting, law firms from Hungary finally had the opportunity to show off their bowling skills again last night, as the second year of the CEE Legal Matters Budapest Law Firm Bowling Challenge brought 14 four-person teams together for an intense challenge, with the proceeds donated to the winning team's charity of choice.
Sulija Partners Law Firm Vilnius has advised a subsidiary of aircraft leasing company AviaAM Leasing on the sale of an Airbus A321-211 aircraft from its fleet with an operating lease contract with Yamal Airlines to a subsidiary of GTLK Europe. GTLK Europe Ltd. was advised by DLA Piper’s London and Moscow offices.
Lawyers from DLA Piper's offices in Germany, Italy, the United States, and the Czech Republic have advised Luxembourg-based private equity firm ASC Investment on its acquisition of Vitrablok, the Czech-based glass block division of the Seves Group, and on obtaining financing from RiverRock for the transaction. The sellers were advised by Giese & Partners in the Czech Republic and by LMS Studio Legale in Italy, and RiverRock was advised by TaylorWessing.
Pro bono is a Latin phrase meaning “for the public good,” and, in the lawyering context, it refers to legal services provided free of charge, generally to indigent clients or charities or other public interest institutions unable to afford standard legal fees. The practice, which in its current form was developed first in Western legal markets, has seen a significant increase in recent years in CEE as well. Hungary is among the countries leading the way.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
Ukraine has made a great leap forward in the development of transfer pricing rules since the concept of “controlled transactions” was first introduced in the Tax Code in 2013. These transfer pricing rules have been amended in recent years and Ukrainian taxpayers are likely to face many new issues on the subject in 2017.
After a period of political and economic instability which put M&A transactions in Ukraine into a dormant mode, the country is starting to show signs of revival. As the economy recovers and new legislation aimed at strengthening the rule of law and simplifying doing business is adopted, investors are again looking towards Ukraine with interest.
DLA Piper has advised the OTP Property Fund Management on its acquisition of the BSR Center office building on Vaci ut in Budapest from a real estate fund managed by GLL Real Estate Partners. The seller was advised by Lakatos, Koves and Partners.
DLA Piper has advised Kerzner International Holdings Limited, an international developer and operator of ultra-luxury resorts and residences, on its joint venture with private equity firm Dolphin Capital Partners and Dolphin Capital Investors for the development and management of the One&Only Kea Island, Greece, a luxury tourism project on the Cycladic island of Kea. Local input was provided by AP Legal in Greece and L Papaphilippou & Co LLC in Cyprus.
DLA Piper Ukraine has advised and represented long-term client McDonald’s on the opening of a new restaurant in Kyiv.
DLA Piper has advised UBM Development AG on the placement of a EUR 150 million corporate bond. Raiffeisenbank International and Quirin Privatbank were the joint lead managers and bookrunners in the transaction.