Ministry of Mining and Energy published on 21st January, long awaited draft of the Amendments to the Renewable Energy Sources Act (RESA) with purpose to push forward further investments in RES sector by creating better legal framework for development of new projects.
Did You Know: 12-Month Czech M&A Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, although a total of ten lawyers worked on three reported Corporate/M&A deals in the Czech Republic over the past 12 months, only one of those ten reported working on more?
New Year, New Clubs, and New Assets To Trade for Croatia: A Buzz Interview with Miroslav Plascar of Zuric i Partneri
Aside from Croatia entering the Euro and Schengen zones, there have been numerous other legislative updates of note – primarily in the spheres of labor and land rights – according to Miroslav Plascar, Co-Managing Partner of Zuric i Partneri in cooperation with Kinstellar.
Kinstellar Advises Angelina Yachtcharter on Acquisition of Jadranka Yachting
Kinstellar’s Croatian affiliate Zuric i Partneri has advised Angelina Yachtcharter Holding on its acquisition of 85% of the shares of Jadranka Yachting from Jadranka d.d. and Arman Percinlic.
Did You Know: Bulgarian Leaderboard for 2022
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Djingov Gouginski Kyutchukov & Velichkov worked on 15 reported client matters in Bulgaria in 2022 – more than any other law firm?
Paksoy Advises Groupe Cahors on Acquisition of Schneider Electric’s Transformer Plant in Turkey
Paksoy, working with Willkie Farr & Gallagher, has advised Groupe Cahors on its acquisition of Schneider Electric companies that operate transformer plants in Turkey and Poland. Baker McKenzie Turkish affiliate Esin Attorney Partnership reportedly advised the sellers. Volt Associes and Kinstellar Turkish affiliate Gen Temizer Ozer reportedly advised the lenders.
Former Osborne Clarke CEO Simon Beswick Joins Kinstellar
Former Osborne Clarke CEO Simon Beswick has joined Kinstellar’s Board of Directors as a non-executive member.
Schoenherr and Kinstellar Advise on Shanghai Electric Power Acquisition of 200-Megawatt PV Project in Hungary
Schoenherr has advised China's Shanghai Electric Power on its full acquisition of five project companies developing a 200-megawatt PV project in Northeast Hungary from Chint Solar Hungary Projects. Kinstellar advised Chint Solar.
Kinstellar, BDV, and Kramaric & Partners Advise on Adria Dental Group Financing and Acquisition of Fiziodent Polyclinic
Kinstellar Croatian affiliate Zuric i Partneri has advised OTP Banka on the financing for Adria Dental Group’s acquisition of the Fiziodent Polyclinic. Batarelo Dvojkovic Vuchetich advised the Adria Dental Group on the acquisition and financing. Kramaric & Partners advised Karlo Sudarevic on the sale.
Did You Know: CEE 2022 Leaders According to CEELM Direct
Did you know that Dentons worked on more reported client matters in Central and Eastern Europe in 2022 – 86 – than any other firm (with Sorainen only one behind), and that Andrzej Stosio of Clifford Chance in Poland worked on more client matters than any other lawyer in the region – 13 (with Mantas Petkevicius of Sorainen in Lithuania and Roxana Ionescu of Radu Taracila Padurari Retevoescu in Romania both only one behind, with 12)?
Kinstellar and Oppenheim Advise on S Immo Acquisition of Budapest Office Portfolio from Immofinanz
Kinstellar has advised S Immo on the acquisition of six office properties in Budapest valued at EUR 244 million from Immofinanz. Oppenheim advised Immofinanz.
Market Snapshot: Consolidation in Serbia’s Banking Sector
At the end of 2020, there were 26 banks operating independently from other banks in Serbia. At the end of 2021, there were 23 such banks. A few merger processes are still ongoing and will lead to that number shrinking to just 19 before the end of 2022.
Renewable Energy Ambitions in Serbia
Although there are several incentives for renewable energy projects supported by the state, there also seem to be several factors that could impede Serbia’s potential for renewables and deter further investments in the sector. Kinstellar Belgrade Managing Partner Branislav Maric, JPM Jankovic Popovic Mitic Senior Partner Jelena Gazivoda, and Gecic Law Partner Ognjen Colic weigh which will carry a stronger impact.
Real Estate of Affairs in Serbia
Global economic movements have led the real estate and construction sectors across CEE to face several issues: supply chain problems, rising construction material prices, and labor shortages, to name but a few, have made it difficult for real estate and construction projects to be completed with the same efficiency as before. Bojovic Draskovic Popovic & Partners Partner Marija Bojovic, SOG Law Firm Partner Milos Gledovic, and Andrejic & Partners Partner Aleksandar Andrejic look at the extent to which these issues are reflected in the Serbian real estate market.
Kinstellar Advises OTP Bank on Acquisition of Ipoteka Bank in Uzbekistan
Kinstellar has advised OTP Bank on its acquisition of Uzbekistan’s Ipoteka Bank. The White & Case London and Tashkent offices reportedly advised the seller.
Did You Know: Slovakia's Nine-Year Deal Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Kinstellar Partner Viliam Mysicka has worked on more reported deals in Slovakia over the past nine years than any other lawyer?
Kinstellar Advises on Sale of Zoo Group Stefanov to A&M Capital Europe
Kinstellar has advised the owners of Zoo Group Stefanov on the sale of their company to A&M Capital Europe.
Compensations for Energy Prices in Slovakia
December 2022 – On 1 December 2022, the Ministry of Economy of the Slovak Republic (“the Ministry”) published a call for the submission of applications for the provision of a subsidy to cover additional costs due to the increase in gas and electricity prices (“the Call”). The aim of the Call is to compensate qualifying companies and natural persons (entrepreneurs) for excessive energy prices in August and September 2022. In this article, we present an overview of the related key information.