In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Wolf Theiss has advised DSK Bank and OTP Bank on the EUR 88 million real estate financing of Bravo Sky. Lex Locus reportedly advised the borrowers.

Ilej & Partners, in cooperation with Karanovic & Partners, has advised Cirtuo on the sale to Coupa. Wolf Theiss, working with Kirkland & Ellis, advised Coupa on the deal.

Wolf Theiss, working with Gorrissen Federspiel, has advised Vestas on its acquisition of LM Wind Power Blades. DLA Piper and Plesner reportedly advised LM Wind Power.

Greenberg Traurig has advised Manova Partners on the sale of the Zaulek Piekna office building in Warsaw to Syrena Real Estate. Wolf Theiss advised Syrena Real Estate. Addleshaw Goddard advised mBank as the financing bank.

Wolf Theiss has advised GoldenPeaks Capital on the commissioning of its 64.56-megawatt Bodroghalom solar power plant in Hungary. 

DLA Piper has advised UBM Development on the issuance of its first deeply subordinated green hybrid bond, raising EUR 65 million under UBM’s Green Finance Framework. Wolf Theiss advised Raiffeisen Bank International as sole structuring adviser, bookrunner, paying agent, and dealer manager for the buy-back offer.

Greenberg Traurig has advised Banco Santander on its agreement with Erste Group Bank to sell a 49% stake in Santander Bank Polska for EUR 6.8 billion alongside 50% of its Polish asset management arm, Santander TFI, for EUR 200 million. Rymarz Zdort Maruta and Wolf Theiss advised Erste Group Bank.

Following an amendment in the Bulgarian Labour Code in late 2023 which will enter into force on 1 June 2025, Bulgaria is moving towards the introduction of a unified electronic employment record. This change will affect all Bulgarian employers and their employees and bring an end to the issuance and maintenance of paper-based labour books.

Wolf Theiss, working with Morrison Foerster, has advised SoftBank Group Corp on its planned all‑cash acquisition of Ampere Computing from lead investors Carlyle and Oracle Corp.

The regulatory landscape for crypto assets is undergoing significant changes, driven by the European Union’s Markets in Crypto-Assets Regulation (MiCA) (Regulation 2023/1114).

Wardynski & Partners, working with Vinge, has advised Scania on its acquisition of assets from Northvolt Systems’ Industrial Division. Wolf Theiss and Mannheimer Swartling advised the sellers.

Wolf Theiss, working with Hengeler Mueller, has advised Grenke on the sale of its factoring business to Teylor. White & Case advised Teylor.

In recent years, the European Union has paid special attention to the management of non-performing loans (NPLs), as these loans significantly impact the economic and financial stability of member states. As part of this effort, (EU) Directive 2021/2167 was introduced, which member states were originally required to implement into national law by 29 December 2023. However, in Hungary, the draft law aimed at implementing the directive was only presented to Parliament in March 2025.

Despite a reduction in single-bid contracts, the GVH proposes additional measures to improve competition and transparency.

Wolf Theiss has advised Visma on its acquisition of Finmatics. Brandl Talos advised the sellers.

Cerha Hempel has advised Vienna Insurance Group on a two-fold capital restructuring transaction. Wolf Theiss and Linklaters advised the banking syndicate including BNP Paribas, Erste Group, HSBC, ING, and UniCredit.

CMS has advised Frauscher on the shareholding structure in Sensonic following Kaynes Technology's acquisition of 54% of Sensonic shares. Wolf Theiss reportedly advised Sensonic's minority shareholder, Sintela.