Slovakia is awaiting the significant changes to the country’s domain registration regime that will become effective in January 2017. A new alternative dispute resolution mechanism will become an integral part of the rules of domain names registration under Slovakian code for top level domains.
Comprehensive Review in Bulgaria
Hristo Nihrizov, Partner at Dimitrov, Petrov & Co., reported that the Bulgarian TV and radio markets are dominated by three big, established operators in the country. There are some new international players (e.g., Bloomberg recently launched a new business-oriented channel with a local partner), but Nihrizov noted that these new channels usually face an uphill battle in carving out market share and generally focus instead on niche markets. Overall, though, he pointed to a growing number of channels in the country, “which is good for the consumers.”
Taylor Wessing has advised the Gima family — shareholders of Slovakian food producer Ryba Kosice and its distribution company Calmar — in the divesture of their shareholding in the companies to Slovak meat-processing group Tauris, a member of Eco-Invest group. Barger Prekop advised the buyers 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.
Schoenherr Bratislava has advised the Albea group on the acquisition of 100% of the shares in Scandolara TUB-EST, s.r.o., a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. The Scandolara Group was represented by Studio Legale D’urso–Zena e Associati and the Slovak law firm Maple & Fish.
Dentons has advised Mezzanine Capital on its first two financing transactions: A EUR 12.5 million mezzanine loan to Medicon Group to fund the acquisition of ProNatal Medical Business, and the second a mezzanine loan in connection with the recapitalization of Nolloth S.A. and its subsidiary VUES Brno.
Schoenherr, working alongside lead counsel Gleiss Lutz, has advised the New York private equity fund Lindsay Goldberg on its acquisition of the Schur Flexibles Group from Capiton AG and its management. Kirkland & Ellis advised sellers on the transaction, which remains subject to approval by the antitrust authorities. The purchase price was not disclosed.
Z/C/H Legal has advised CEM VISION, a Czech investment company, on its acquisition of a 100% ownership interest in CEMOD-CZ s.r.o., the former home and fashion subsidiary of the 3SI Group in the Czech Republic and Slovakia. The seller was advised by Kinstellar in the Czech Republic and Linklaters in France.
Allen & Overy advised HB Reavis (HB Reavis Group and HB Reavis CE REIF), on the EUR 79 million sale of its four logistics centers in the Czech Republic and Slovakia to Macquarie Group. As previously reported by CEE Legal Matters, White & Case advised the Macquarie Group on the deal.
The latest amendment of the Act on Protection of Competition (the "Amendment") widens the powers of the Slovak Competition Authority (Protimonopolný úrad Slovenskej republiky) (the "Authority") while punishing any coordination of undertakings in a public procurement, public tender or other similar collusive tendering ("bid rigging").
White & Case has advised an investment vehicle advised by Macquarie Infrastructure and Real Assets (MIRA) on its EUR 79 million acquisition of a 132,000 square meter portfolio of four logistics and light industrial assets in the Czech Republic and Slovakia from joint sellers HB Reavis Group and HB Reavis CE REIF fund, each of which held two assets.