Noerr has advised Germany's Messer group on its take-over of the Buse Gaz company, which provides delivery services for industrial gases in Romania. Buse Gaz reportedly was represented by CMS Romania.
The European Union’s General Data Protection Regulation is, according to the EU-hosted GDPR website, “the most important change in data privacy regulation in the past 20 years.” The Act, which was approved by the EU Parliament on April 14, 2016 and will become fully effective on May 25, 2018, was designed “to harmonize data privacy laws across Europe, to protect and empower all EU citizens’ data privacy, and to reshape the way organizations across the region approach data privacy.”
The winners of the 2017 CEE Deal of the Year Awards were announced at the first ever CEE Legal Matters Deal of the Year Awards Banquet last night in Prague. The biggest smiles in the joyous and music-filled celebration of CEE lawyering, perhaps, were on the faces of Partners from Avellum and Sayenko Kharenko, which, along with White & Case and Latham & Watkins, won the award both for Ukrainian Deal of the Year and CEE Deal of the Year for their work on the 2017 Ukraine Eurobond Issue (a story initially reported by CEE Legal Matters on October 2, 2017).
On February 28, 2018, CEE Legal Matters reported that NEPI Rockcastle PLC had taken over a commercial building in the city center of Sibiu, Romania, for shopping mall development. We reached out to Robert Ionita, Head of Legal at NEPI Rockcastle, to get his perspective on the deal.
Reff & Associates has advised MAS Real Estate on its acquisition of the Militari Shopping Center in Bucharest from Atrium European Real Estate in a transaction worth EUR 95 million. Atrium was advised by Kinstellar Romania, working with Atrium Chief Transaction Counsel Marc Lavine, on all local matters related to the transaction.
The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement. This includes the proposal for a new Directive enabling certain qualified entities to seek redress on behalf of consumers who have been harmed by an unlawful commercial practice.
Although May 25, 2018 - the date of effective enforcement of Regulation no. 679 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (hereinafter "the Regulation" or "GDPR") - is approaching very fast, the question "Are you ready for GDPR?" still creates confusion, in certain circumstances, regarding the new regulation on the protection of personal data brought by GDPR and its applicability.
Slaughter and May has advised Vodafone on its acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary, and Romania. Vodafone was advised by Lakatos, Koves and Partners on Hungarian legal aspects of the acquisition. Liberty Global was represented by Freshfields, with US support from Ropes & Gray.