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Herbst Kinsky has advised property technology startup Propster on its EUR 3 million seed financing round led by Austrian AWS Grunderfonds, Axeleo from France, and Pi Labs from the UK, joined by new and existing private investors. AWS was advised by Wiedenbauer Mutz Winkler & Partner.

Freshfields Bruckhaus Deringer has advised Japanese petroleum company ENEOS on its acquisition of JSR Corporation's global elastomers business.

SPC Legal has advised real estate developer Laisves 75 UAB on a built-to-suit lease agreement with Baltic online retailer Pigu.lt.

Rymarz Zdort and Setterwalls Advokatbyra have advised CEPD N.V. on its investment in the LloydsApotek pharmacy chain operator Admenta Sweden AB, including the acquisition of 100% of Admenta shares from the current shareholder.

Karanovic & Partners has advised Take-Two Interactive on its acquisition of Serbian mobile game developer Nordeus.

Herbst Kinsky and Sidley Austin have advised ESIM Chemicals on the spin-off and sale of its Intermediates & Specialty Chemicals division to Vertellus and Pritzker Private Capital. Binder Groesswang advised the buyers on the transaction.

RTPR and Allen & Overy have achieved a successful outcome for Premier Energy in an international arbitration case conducted under London Court of International Arbitration arbitration rules.

Stratulat Albulescu has advised QeOPS and its shareholders on a partial exit to Cargus, owned by Mid Europa Partners.

Cobalt has helped Fortumo file a complaint to the Press Council regarding incorrect and misleading articles and headlines in the Aripaev and Postimees publications. 

Milosevic Law Firm has advised Vocarescar d.o.o. Beograd on the acquisition of Vocar Merosina, a fruit cold storage company based in southern Serbia.

Boyanov & Co has advised EnerSys Holdings S.a.r.l. on the sale of its Bulgarian subsidiary EnerSys AD, to Recocycling EOOD. Solo practitioner Kiro Kirov advised the buyer.

Dentons has advised Central Europe Alfa Asset Management Ltd. and its sole investor, Optima Investments Limited, on the acquisition of the Budapest Metropolitan University from Central European Education Holding Zrt for a cash consideration of USD 50 million. CMS advised the seller.

Edyta Zalewska has been promoted to Partner at B2RLaw.

Kinstellar has announced it is expanding its Kyiv team with the addition of the former DLA Piper office in Ukraine.

Dragana Bajic has joined the Belgrade office of CMS as Partner and new Head of Employment and Data Protection.

Former CMS Senior Associate Boleslaw Szylkajtis has joined the Hoogells law firm as Head of Infrastructure.

Walery Arnaudow and Magdalena Swiader have left Domanski Zakrzewski Palinka to establish the Moyers boutique law firm in Warsaw.

Former Deputy Director of the Department of International Law of Russia’s Ministry of Justice Olga Tsvetkova has returned to Egorov Puginsky Afanasiev & Partners as Co-Head of the firm’s International Arbitration group.

Belarus's Revera law firm has opened a permanent office in Ukraine, headed by Associate Alexander Shtrykul.

CMS Banking & Capital Markets specialist Philipp Mark has been made a Partner at the firm.

Dragan Lupsic, formerly a Partner in public affairs & strategic communications company Flagship, has joined PwC Serbia as Director of Legal Services.

Michal Nowakowski has joined NGL Legal as Counsel and as leader of the firm's new FinRegTech practice and New Tech sector.

Former Senior Associate Nikolay Artemyev has been promoted to Associate Partner at Borovtsov & Salei in Belarus.

Former Yazici Attorney Partnership Senior Associate Yunus Emre Bakiler has left the firm to become a Partner at Ozgur & Unuvar in Ankara, which, as a result, has changed its name to the Ozgur Unuvar Bakiler Attorney Partnership.

A recent case brought before a court in Amsterdam has given us the opportunity to call into question the right of access to personal data regulated by art. 15 of the General Data Protection Regulation (GDPR) and in particular certain aspects related to the difficulties that may be caused to a data controller, in certain situations, by the data subjects’ exercising this right.

The global pandemic has impacted all markets, with subsequent ramifications for M&A. Investors are now seeking greater protection against general lock-downs and supply-chain disruptions, while governments aim to protect critical supplies and services by imposing new regulations on foreign investment in crucial or strategic industries. If you are considering investment opportunities in Hungary, take a look at this overview to get insight into the regulations on foreign investment in strategic industries.

A law implementing, among others, Directive (EU) 2019/878 amending Directive (EU) 2013/36 (Capital Requirements Directive - CRD V) has been passed by the Austrian Parliament and Federal Council, and has been published in the Federal Gazette. CRD V (as part of the package together with Regulation (EU) 2019/876 amending Regulation (EU) 575/2013 – CRR II) aims to close regulatory gaps in the existing financial regulatory framework and, while adding prudential measures as to capital requirements, requires certain entities to comply with new licensing obligations.

Recently, Law no. 146/2021 regarding electronic surveillance within judicial and executional criminal proceedings (“Law no. 146/2021”) was published in the Official Gazette of Romania, for the first time regulating the use of electronic monitoring devices in Romania.

The digitalisation of the construction process in Poland has begun. By the end of 2022, it should be possible to access all construction-related administrative services via a single portal called e-budownictwo (e-construction).

Hungary was one of the last EU countries to introduce a register of ultimate beneficial owners. While the provisions of the Fourth and Fifth AML Directives were already implemented in the Hungarian AML Act, the technical conditions on the actual operation of the UBO register were only adopted by Act XLIII of 2021 ("UBO Register Act") and are in force as of 22 May 2021.

The rapid development of modern information and communication technologies – a sine qua non condition for the edification of the Information Society - has had a major impact on the social environment, marking true mutations in the operating philosophy of economics, politics, and culture, but also in the daily life of the individual. In fact, at present, the easy access to technology information and communication is one of the conditions for the proper functioning of modern society.

In April 2021, the National Assembly of the Republic of Serbia passed a set of new laws in the field of mining and energy, including the new Law on Energy Efficiency and Rational Use of Energy (hereinafter “the Law”), which entered into force on April 30, 2021.

The following article addresses a random first choice of civil law, contractual aspects to be precise, which the authors think are worth considering before you buy (or sell) your first NFT. However, given the novelty of the underlying technology, there is room for dissenting opinions.

Since the introduction of the institution of legal entities’ exemption from criminal liability in 2016, there has been discussion on the distribution of the burden of proof in proving the conditions for its application in criminal proceedings. Meanwhile, the prosecution’s view has been gradually changing.

The fee for 2021 is determined by the decision of competent authority on basis of applications of payers that are obliged to submit them no later than 31 July 2021.

The global pandemic has impacted all markets, with subsequent ramifications for M&A. Investors are now seeking greater protection against general lock-downs and supply-chain disruptions, while governments aim to protect critical supplies and services by imposing new regulations on foreign investment in crucial or strategic industries.

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“The pandemic has overwritten any expectations we had at the end of 2019,” says Schoenherr Budapest Partner Gergely Szaloki. “We were very optimistic, and the market was booming, but the pandemic changed many things.” He underlines the frequent switch to a home-office working environment as being a particular source of change for the real estate market. “Not only the office spaces,” he says, “but I can imagine that flats will also be designed in a way so that it’s possible to establish at least a working corner at home.”

On November 20, 2020, CEE Legal Matters reported that BDK Advokati, working alongside Sweden’s Gernandt & Danielsson Advokatbyra, had advised Embracer Group AB on its acquisition of all issued shares of Mad Head Games d.o.o., a game development studio from Novi Sad, Serbia. SunjkaLaw advised Mad Head Games shareholders Nenad Tomic, Uros Banjesevic, and Aleksa Todorovic on the deal.