CMS has advised American International Group, Inc. on the Central European aspects of the sale of some of its insurance operations to Fairfax Financial Holdings Limited. CMS worked alongside global counsel Debevoise & Plimpton.
White & Case has announced the promotion of 40 lawyers around the world to its partnership. The promotions, which are effective January 1, 2017, represent 11 of the firm's global practices in 17 locations. Including in those 40 world-wide promotions are Czech Banking lawyer Jan Linda and Polish Disputes specialist Michal Subocz.
Clifford Chance has advised a consortium of funds consisting of Cinven, Permira, and Mid Europa, on their USD 3.253 billion acquisition of the Allegro Group, the largest online marketplace and non-food shopping destination in Poland, from South Africa-based Internet and entertainment group Naspers. Allen & Overy advised Naspers on the deal.
Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.
Kochanski Zieba & Partners has advised Echo Polska Properties N.V. (EPP) — a leading fund operating as a REIT — and Echo Investment S.A., the largest Polish developer, on their joint agreement to buy a real property at ul. Towarowa 22 in Warsaw from Griffin Real Estate group, Poland’s leading real estate fund, and to jointly execute an investment project on the property. Echo Investment S.A. was represented by Weil Gotshal & Manges, while Griffin Real Estate was supported by Hogan Lovells.
Clifford Chance Warsaw has advised Bank Zachodni WBK S.A. (BZ WBK) and ING Bank Slaski S.A. (ING) on the financing of the acquisition of the Krosno S.A. glasswork in liquidation bankruptcy by Krosno Glass sp. z o.o., a Warsaw company set up by Coast2Coast Capital, an investment fund from the Republic of South Africa. Dentons advised Coast2Coast on the financing, with Deloitte Legal advising it on the actual M&A, valued at over EUR 27.5 million.