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Although the term ESG (Environmental, Social, and Governance) has been around for years, its full application is still quite daunting. Companies face the challenge of integrating ESG values into their strategy, operations, and decision-making processes in order to respond to the increasingly influential voice of stakeholders: citizens, consumers, NGOs, governments, and investors.

On July 12, four leading lawyers from Croatia, Lithuania, Poland, and Romania sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the latest in ESG developments with a focus on green financing, its regional and local drivers and roadblocks, its impact on non-financial reporting, and what it all means for the legal profession.

MFW Fialek has advised Develia on forming a joint venture with corporate venture-builder company The Heart to develop a flat rental management platform. Solo practitioner Jakub Koziol advised The Heart.

SSW Pragmatic Solutions has advised Kom-Eko subsidiary Eko-Azbest on the acquisition of an asbestos landfill site from Srodowisko i Innowacje – Skladowisko, previously spun off from Srodowisko i Innowacje. Reportedly, Viroux and Partners advised the sellers.

Norton Rose Fulbright has advised a consortium of banks including Santander Bank Polska S.A. and Bank Ochrony Srodowiska S.A. on financing for Bakalland. Deloitte Legal reportedly advised Bakalland on the deal.

Greenberg Traurig has advised the Polsat Plus Group on the joint venture agreement between its affiliates and HB Reavis and the EUR 24.3 million sale of 50% stakes in Port Praski City II and Port Praski Medical Center to HB Reavis. Clifford Chance advised HB Reavis.

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