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56 New Articles

Some memories never fade away. I remember the first months of my trainee career at Allen & Overy’s newly opened Bratislava office as if they were yesterday. The year was 1998 and we had just moved into new office space. It felt way too big for the team of three lawyers, one PA, and one office manager.

Kinstellar has advised the Nidec Corporation, a Japanese manufacturer of electric motors, on Slovak law aspects of its acquisition of Brazilian compressor business Embraco from Whirlpool Corporation for US 1.08 billion in cash. Sidley Austin served as global legal counsel to the Nidec Corporation.

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.

The Slovak energy market is in a state of transition. Energy security continues to be a key driver of the country’s energy policy. Long characterized by its reliance on gas from the Russian Federation, Slovakia continues to seek alternative sources to supply its energy needs. To a large extent, the solution has been to invest billions into nuclear power, while the development of renewable energy sources (RES) has so far been slow.

Wolf Theiss has advised Munich RE Group on the sale by its ERGO Group AG subsidiary of its legal protection subsidiary DAS Switzerland and the legal protection insurance portfolios of DAS Luxembourg and DAS Slovakia to the Allianz Group. Switzerland's Homburger AG and Luxembourg's Arendt & Medernach SA law firms worked alongside Wolf Theiss. White & Case and Binder Groesswang advised the Allianz Group.