Kinstellar has advised Cura Vermoegensverwaltung on its exit from the Arkady Pankrac-ownership joint venture with G City Europe. Clifford Chance reportedly advised G City Europe.
Mandatory Submission of the Incorporation Application in Electronic Form for the Companies
The Ministry of Commerce of the Republic of Serbia has announced that the applications regarding the incorporation of companies (among others, limited liability companies and joint stock companies) can be submitted only in electronic form as of 18 May 2023 via a designated user application of the Serbian Business Registers Agency (“SBRA”).
Kinstellar and Filip & Company Advise on EUR 500 Million Senior Facility for RCS & RDS
Kinstellar, working with Linklaters, has advised a syndicate of banks on a EUR 500 million senior facility agreement with Romanian telecommunications service provider RCS & RDS. Filip & Company advised RCS & RDS.
Kinstellar Advises on Sale of Prague's Hotel Sovereign
Kinstellar, working with Advant NCTM, has advised the Italian owner on the sale of Hotel Sovereign in Prague.
SOG Advises PowerChina on Acquisition of Vetrozelena from CWP Europe
The SOG Law Firm has advised PowerChina Resources on its acquisition of a 51% stake in the Vetrozelena wind farm project from CWP Europe. Moravcevic Vojnovic and Partners in cooperation with Schoenherr reportedly advised the seller.
Kinstellar, ODI, Jadek and Pensa, and Bradvica Maric Wahl Cesarec Advise on TAWAL's EUR 1.2 Billion Acquisition of United Group CEE Tower Assets
Kinstellar and ODI Law, working with Morgan Lewis London, have advised TAWAL on its bid to acquire the Bulgarian, Croatian, and Slovenian tower assets of the United Group for EUR 1.2 billion. Jadek and Pensa and Bradvica, Maric, Wahl, Cesarec advised the United Group. Paul Weiss and Kambourov and Partners reportedly advised United as well.
Turkey’s Competition Authority’s Preliminary Report on Online Advertising Sector Inquiry
April 2023 – On 7 April 2023, the Turkish Competition Authority (“Authority”) published its Preliminary Report prepared within the scope of the “Online Advertising Sector Inquiry” (“Report”) that it initiated on 21 January 2021.
Can Our Dog’s Name Identify Us?
Dogs are becoming an increasingly significant part of our lives. Regardless of the owner’s age – we can acknowledge that almost everybody enjoys their time patting a dog. Moreover, many people are addressing their dogs as babies, recognizing them as a part of the family.
SOG Advises Renault Group on Divestment Program
The SOG Law Firm, working with DLA Piper’s office in France, has advised the Renault Group on the divestment program for its import and distribution subsidiaries in six jurisdictions. Wolf Theiss reportedly advised the Emil Frey Group on acquiring the operations. Sabev & Partners reportedly advised the Renault Group as well.
Czech Senate to Approve the New Amendment to the New Building Act
April 2023 – An amendment to Act no. 283/2021, Building Act (the “New Building Act”) has been approved by the Chamber of Deputies, bringing key changes to Czech construction laws and permitting processes (the “New Amendment”). The New Amendment has been passed to the Senate, which should approve it shortly. The original New Building Act, representing a major change of Czech building regulations, was adopted back in July 2021.
Two New Recent Normative Acts Impacting the Activity of Employers in Romania
April 2023 – Early 2023 is shedding light on how to implement the numerous changes to Romanian labour law that occurred during 2022. In addition, at the EU level, a new directive which is set to come into force provides for equal pay for women and men.
CEELM Deal of the Year Awards Banquet: And the Winner Is...
On the evening of April 25, 2023, the Deal of the Year Awards Banquet brought together, under the same roof, top-tier lawyers from Central and Eastern Europe's leading law firms and ILFs active in the region in Istanbul.
Mediation’s Bright Future
Mediation as a way of resolving disputes between parties has existed for a long time now. However, not many have been willing to take part in the mediation process and use this way of resolving disputes, whose main purpose is to achieve a solution acceptable to both parties. It seems that long-lasting court proceedings and often expensive arbitration processes have shed light on a more amicable, faster, and more economical way of resolving disputes – mediation.
We Have Interviewed Chatgpt on its Liabilities for Damages, and Here is What it Said
With Chat GPT the world is witnessing the first visible mass use of artificial intelligence (AI) algorithms in complex intellectual works. Although AI is not any novelty in the world, it seems that in 2023 Chat GPT made a real breakthrough in the everyday use of AI assistance to humanity.
Kinstellar Advises on Sale of Unuodesign
Kinstellar has advised the owner of Unuodesign on the sale of a majority stake in the company to the Hartenberg Holding. Mikulas & Partners reportedly advised Hartenberg.
Kinstellar Advises Credit Agricole Consumer Finance and Stellantis on Acquisition of LeasePlan Czech Republic
Kinstellar, working with Linklaters, has successfully advised Credit Agricole Consumer Finance and Stellantis on their acquisition from ALD Automotive of, among others, LeasePlan’s Czech operations.
The Path From Non-Financial to Sustainable Reporting
Until 2014, less than 10 percent of the largest companies in the European Union regularly disclosed non-financial information about their operations as part of reports that supplement annual financial consolidated reports. Although they were obliged to do so by the then-current Directive of the European Union, the requirements of the existing legislation proved to need to be more transparent and more effective.
Ukraine's Unbreakable Lawyers: A Buzz Interview with Alla Kozachenko of Kinstellar
The Russian invasion is still ongoing, affecting all areas of life in Ukraine, but there are slivers of hope and reasons to stay positive and optimistic, according to Kinstellar Partner Alla Kozachenko.