Noerr, working with Itay's LMCR law firm, has advised the Nidec Corporation on the sale of its Secop Compressors division to ESSVP IV, advised by Orlando Management AG.
Ron Given Returns to CEE with Deloitte Legal
Former Wolf Theiss Poland Co-Managing Partner Ron Given has joined Deloitte Legal as its CE Senior Legal Counsel, responsible for all of the firm’s offices in 19 Central and Eastern European countries.
New Minimum Quotas for the Promotion of Domestic Products in Slovakia
In Slovakia, a new amendment to Act No. 152/1995 Coll. on foodstuffs has been adopted, introducing new rules on how supermarkets ought to promote grocery products. According to the newly-adopted legislation, supermarkets and other sellers who promote grocery products are required to ensure that at least 50% of these promoted products are of Slovak origin. The new rules apply to online as well as classical forms of marketing.
White & Case, Bondoc Si Asociatii, and Covington & Burling Advise on PPF's Acquisition of CME
White & Case has advised the PPF Group on its USD 2.1 billion acquisition of Central European Media Enterprises. Bondoc Si Asociatii advised PPF on Romanian law matters. CME was advised by Covington & Burling and Sullivan & Cromwell.
Orrick and Dentons Advise on Participation in Minit's Series A Funding Round
Orrick has advised Salesforce Ventures on its participation in software provider Minit's EUR 7 million Series A funding round that was led by Target Global. Dentons advised Target Global on its investment.
Dentons Advises Raiffeisen Bank in VGP Park Timisoara Refinancing
Dentons has advised Raiffeisen Bank International AG and Raiffeisen Bank SA on a EUR 34 million facility agreement granted to VGP Park Timisoara SRL to refinance an industrial project, including four prime logistic buildings in Timis, Romania. Nestor Nestor Diculescu Kingston Petersen reportedly advised VGP Park on the deal.
White & Case and Allen & Overy Advise on Prima Banka Slovensko's EUR 500 Million Bond Issuance
White & Case has advised Commerzbank Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and Landesbank Baden-Wuerttemberg, as joint lead managers on the inaugural issuance of EUR 500 million, 0.01% covered mortgage bonds due in 2026 by Prima Banka Slovensko, a.s. Allen & Overy advised Prima Banka on the deal.
CHSH Cerha Hempel Spiegelfeld Hlawati Announces Rebranding to Cerha Hempel
CHSH Cerha Hempel Spiegelfeld Hlawati has rebranded as Cerha Hempel.
Juraj Gyarfas Moves from A&O to Dentons in Bratislava
Former A&O Head of Competition in Slovakia Juraj Gyarfas has joined Dentons as a Partner in the firm's Corporate and M&A, Litigation & Dispute Resolution, and Competition & Antitrust practice groups.
Hengeler Mueller and Freshfields Advise Innogy on Sale of VSEH Stake to RWE
Hengeler Mueller has advised Innogy SE on the sale of its 49 percent stake in the business of the Slovakian Vychodoslovenska Energetika Holding a.s. to RWE AG. Freshfields Bruckhaus Deringer advised RWE on the deal.
Medical Malpractice in Slovakia
Medical professionals in Slovakia must adhere to current professional standards. Failure to do so may result in administrative, civil, or criminal liability. Patients have several options how to proceed in the event of alleged medical malpractice.
MCL, Urban & Hejduk, Legate, Dentons Advise on MiddleCap Partners Acquisition of Czech and Slovak Optical Centers
The MCL law firm has advised private equity group MiddleCap Partners on its acquisition of Czech and Slovak optical component retailers Fokus Optic a.s. and Fokus Ocna Optika a.s., as well as on related acquisition financing from Slovenska Sporitelna. Urban & Hejduk assisted MiddleCap Partners on Czech elements of the deal, with Czech law firm Miks and Suk and Slovak law firm Legate advising the sellers. Dentons advised Slovenska Sporitelna.
Spotlight On Automotive Industry: Introduction to the Series and Financing
By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business viable in the past. However, this viability is becoming questionable. This is visible in the number of struggling or even insolvent suppliers, the German group Eisenmann being a very recent example.
Food Trade in Slovakia Will Have New Rules
On March 28, 2019 the Slovak parliament adopted Act No. 91/2019 Coll. on Unfair Conditions in Food Trade, which completely replaces previous legislation on the subject.
CEE Attorneys Advised AGS Group on Joint Venture with Spuntik.cz
The Prague office of CEE Attorneys has advised the AGS Group on the establishment of a joint venture with Spuntik.cz s.r.o. which will operate as MMS Digital a.s. Havel & Partners reportedly advised Spuntik.cz.
Alrud and Kinstellar Provide Local Assistance on Nidec's Global Acquisition of Embraco
Sidley Austin was global legal counsel to the Nidec Corporation and Alrud and Kinstellar provided local assistance in Russia and Slovakia, respectively, on the company's USD 1.08 billion acquisition of Embraco from the Whirlpool Corporation. Linklaters, Pinheiro Neto Advogados in Brazil, and Cleary Gottlieb Steen & Hamilton were among the firms advising Whirlpool on the sale.
Glatzova & Co Advises DRFG on Acquisition of Majority Stake in FibreNet
The Bratislava branch of Glatzova & Co has advised Czech investment group DRFG on its acquisition of a majority stake in FibreNet, s.r.o. BBH Slovakia reportedly advised FibreNet on the sale.
CMS Advises Gestamp on New Plant in Slovakia
CMS had advised international metal automotive components manufacturer Gestamp on issues related to the inauguration of a new plant specializing in aluminum in Nitra, western Slovakia.