Taylor Wessing Slovakia has advised and represented the Austrian company Wiener Donauraum Laanden und Ufer Betriebs- und Entwicklungs GmbH on its investment into P.A.D., spol. s.r.o., which owns and operates seven pontoons on the Danube river in Slovakia.
Allen & Overy has announced that it advised Fortuna Entertainment Group on the acquisition of the 100% share in Hattrick Sports Group Ltd., Ireland, the owner of the Casa Pariurilor betting operator in Romania, the PSK and Hattrick operator in Croatia, and B2B operations in Spain, Germany, and other European countries.
In recent years suspicions regarding massive conflicts of interest, corruption, and the favoritism of creditors have created the political will to mandate the disclosure of ownership backgrounds of companies dealing with public finances. Attorneys from Taylor Wessing Bratislava have participated in the preparation of the so-called Anti-Letterbox Companies Act, which entered into force on February 1, 2017.
Schoenherr has advised AG Foods Group and Cooperatief Avallon MBO U.A. on settlement of minority shareholders' disputes and on a subsequent management buyout.
The 2017 CEE Legal Matters General Summit took place at the Intercontinental Hotel in Warsaw on June 1-2, 2017, once again bringing together well over a hundred General Counsel and Heads of Legal from across Central and Eastern Europe for two full days (and one entertaining evening) of seminars, panel discussions, best practices review, and networking. This year’s event — the third annual, following the 2015 GC Summit in Budapest and the 2016 GC Summit in Istanbul — was the biggest and most successful yet.
On May 31 and June 1, 2017, CEE Legal Matters was proud to host a rare event: A gathering of those senior lawyers from each Central and Eastern European country identified by peers as being most influential, most important, most uniquely responsible for having created the country’s modern commercial legal market.
After more than two decades of providing clients in Slovakia with legal advice through associations with local law firms, from June 1, CMS will provide Slovak law advice through what it calls "a fully-integrated Slovak team ... co-headed by Peter Simo and Petra Corba Stark, [which] consists of 10 experienced lawyers who cover all the main areas of business law."
A new European law firm alliance with a substantial CEE presence has appeared on the legal scene. The new Act Legal alliance (branded in lower-case, as "act legal") consists of founding members AC Tischendorf (in Germany), BSWW (in Poland), MPH (Slovakia), Randa Havel Legal (Czech Republic), Vivien & Associes (France), and WMWP (Austria).
Slovak legislation on personal data protection implementing the EU Data Protection Directive 95/46/EC is generally very strict when compared to the regulations of other EU Member states. These different rules – often, in Slovakia, excessively bureaucratic – resulting not only from legislation itself but also from its interpretation by the country’s Personal Data Protection Authority – often cause problems for both local entrepreneurs and international business groups with subsidiaries or branches in Slovakia.
Noerr has advised Aurelius Equity Opportunities SE & Co. KGaA on the sale of Germany's Secop Group to Nidec at a valuation of EUR 185 million. The firm's team includes contributions from its Bratislava office on matters of Slovakian law. The transaction is subject to approval by antitrust authorities.
Majernik & Mihalikova has advised private investor Patrick Hessel on his investment into AeroMobil, a Bratislava-based developer of flying cars. White & Case advised AeroMobil co-founder Stefan Klein on the deal, while co-founder Juraj Vaculik was represented by the Carpathian Advisory Group. The size and value of Hessel's stake in the company was not disclosed.