CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Wolf Theiss has advised joint lead managers and bookrunners Raiffeisen Bank International and M.M.Warburg & Co on the exchange offer of bonds issued by UBM Development in 2019 and 2021 and on the subsequent cash subscription offer of the EUR 93 million 7% green bond 2024-2029. DLA Piper advised UBM Development.
DLA Piper has advised Axel Johnson on its acquisition of La Fantana from Oresa and CEO Cristian Amza. RTPR, working with A&O Shearman, advised the sellers.
The National Council of the Slovak Republic has recently approved significant changes to the Value Added Tax (VAT) rates, which will come into effect as of January 1, 2025. Here are the key updates:
White & Case has advised a consortium of 16 Polish and international banks on a revolving credit facility of up to EUR 2 billion for Orlen. DLA Piper reportedly advised Orlen.
From 1 April 2025, Slovakia will introduce a new financial transactions tax (daň z finančných transakcií) as part of the government´s consolidation package. This is not an early April fools' day joke.
DLA Piper Partner Marta Frackowiak discusses the current slowdown in the Polish market, driven by geopolitical uncertainty, economic challenges, and hesitance among investors, while also highlighting key trends in M&A, employment, and regional expansion efforts by Polish businesses.
Clifford Chance has advised dealers Bank Pekao, mBank, and Santander Bank Polska on Polenergia's PLN 750 million issue of green bonds.
Earlier in 2024, DLA Piper published its Medical Devices Advertising: CEE Comparison Guide, which reviews advertising regulations for medical devices in Austria, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia. Life sciences team members who worked on the guide spoke with CEE Legal Matters about some of the regulatory differences across CEE and the practical implications for businesses.
DLA Piper has advised Azelis on the acquisition of Hortimex.
DLA Piper has advised Hochtief Group’s special purpose vehicle Private Partner on the public-private partnership for the design, construction, financing, and maintenance of multi-family residential buildings in Zory. Cieslak Law Firm advised the Municipality of Zory.
Dentons has advised Resource Partners on its acquisition of an 80% stake in Interactive Travel Holdings, the parent company of the Romanian brand Vola.ro and Polish brand FRU.pl, which also operates in Bulgaria and Moldova, from 3TS Capital Partners and the Polish co-founders of FRU.pl. CMS and DLA Piper reportedly advised the sellers.
With preparations for the 2024 CEE Legal Matters Hungary General Counsel Summit in full swing, DLA Piper Partner and Head of Energy and Procurement in Budapest Gabor Simon shares his thoughts about the upcoming event and what he’s looking forward to the most.
CMS has advised Ecosio on its sale to Vertex. DLA Piper advised Vertex.
Turunc, working with DLA Piper's Atlanta office, has advised ICV Partners on its sale of Horizon Air Freight to GHK Capital Partners. Davis Polk & Wardwell reportedly advised the buyer.
DLA Piper has advised Omida Group on the acquisition of an 85% stake in 7R Solution.
Public-private partnerships (PPPs) offer a way to procure infrastructure and services that traditionally do not include private capital involvement with private finance participation. PPPs have been introduced as a general acknowledgment of the need to solve the infrastructure gap in many countries – especially in emerging market and developing economy (EMDE) countries. EMDE countries need to rely on private resources as a means of accelerating infrastructure development. Attractive for a high degree of flexibility in light of multiple variations across the globe regarding the scoping of a PPP, PPPs enable efficiency and high value for money.
Dentons has advised Loconi Intermodal on the sale of a majority stake to PSA Baltics. DLA Piper advised PSA Baltics.
DLA Piper has advised bValue Growth on its investment in Polish sports e-commerce brand Sportano.
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.
In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.