25
Wed, Nov
56 New Articles

Latest News and Briefings

Grid List

The Warsaw office of Baker McKenzie has advised the Embracer Group on the acquisition of Polish game developer Flying Wild Hog from Supernova Capital. Sheridans reportedly advised the sellers on the deal.

CMS has advised Discovery Life Sciences, a US-based bio-specimen, genomic sequencing, cell, and immunohistochemistry services firm, on its acquisition of East West Biopharma, a Ukraine-based human bio-specimen solutions organization.

Istanbul's Durukan+Partners and Skadden Arps have advised LetterOne on the recent restructuring of Turkcell’s shareholding structure. Milbank and Turkey's Aksu Caliskan Beygo Attorney Partnership advised the Turkey Wealth Fund and Ziraat Bank, Sullivan & Cromwell and Herguner Bilgen Ozeke advised Telia Finland, and White & Case and the Kabine Law Firm advised Cukurova on the deal.

Pohla & Hallmagi has advised F & A Kinnisvara, a member of the Favorite Group, on its acquisition of a residential development project near Tallinn. The unidentified sellers were reportedly advised by Cobalt.

Cipcic-Bragadin Mesic & Associates has advised Pfizer on a global business combination with Mylan N.V. The transaction involved a spin-off of Pfizer’s Upjohn business and a subsequent merger of that business with Mylan N.V. to form a new global generics company, called "Viatris." Bird & Bird was global lead counsel to Pfizer, with Karanovic & Partners providing local support for Serbia and Jadek & Pensa providing local support in Slovenia. 

Aequo has successfully defended the rights of Ukraine's Darnitsa pharmaceutical company to the shares of the Borshchahivskiy chemical-pharmaceutical plant in the Supreme Court of Ukraine. 

Kochanski & Partners has helped Idea Bank become the first Polish financial service sector entity to obtain the ISO 27017 and ISO 27001 certifications, confirming that its cloud computing solutions meet the necessary international standards. 

Herbst Kinsky has advised Austrian start-up Trality on attracting EUR 1.5 million in financing from a group of German investors including Blockrocket, VC Tokentus, FFG, and AWS.

Pohla & Hallmagi has helped Verston Ehitus acquire Estonia's state-owned road maintenance company AS Eesti Teed at public auction with a winning bid of EUR 19.7 million. Ellex Raidla reportedly advised the Ministry of Economic Affairs and Communications on the auction.

Former Partner at Radzikowski, Szubielksa i Wspolnicy Igor Muszynski has become a partner in SSW Pragmatic Solutions' Energy practice.

Former Dechert Counsel Daniel Dozsa has joined recently-established Dispute Resolution boutique Queritius in Budapest.

Beiten Burkhardt has announced that it will close its St. Petersburg office at the end of the year, concentrating the firm's Russian business exclusively in its Moscow office.

Mares & Mares and the Tel Aviv-based Israeli-European Regulatory Consultancy firm have announced they are teaming-up to cooperate in criminal cases in the fintech, cryptocurrency, artificial intelligence, and cybersecurity industries. 

Estonian lawyer Erik Salur has moved from PWC Legal to Njord Advokaadiburoo, where he will head the firm’s Corporate and M&A practice.

Boyanov & Co has formed new practice groups in Technology, Corporate Governance and Compliance, and Construction Law. 

Former Kocian Solc Balastik Counsel Rainer Frank has joined Dentons to lead the Czech-German collaboration group in the firm’s office in Prague.

Former Penteris Partners Artur Swirtun, Dawid Demianiuk, and Tomasz Rysiak have left that Polish firm to establish the LegalKraft law firm.

Former Senior Associate Andrius Lukasonokas has been promoted to Associate Partner at Primus in Lithuania.

On 20 March 2015 the Hungarian Competition Authority ("HCA") imposed a staggering fine on Auchan for abusing its significant market power. The HUF 1.06bln (approx. EUR 3m) fine is the highest ever imposed by the authority for the infringement of the Trade Act (Act CLXIV of 2005 on Trade). Although the decision is from 2015, the Hungarian courts put an end to the judicial review only now. The Supreme Court of Hungary has upheld the HCA's decision in its entirety.

This article is an excerpt of Producing in CEE, Dentons’ guide to tax and financial incentives for film, television and digital media production.

The Hungarian Government, in order to join the world in data asset management and to set data economy in action in Hungary, has established the National Data Asset Agency, which commenced its activities on 1 October 2020.

Pharmacy Law no. 266/2008 (the “Pharmacy Law”) was recently amended by Law no. 243/2020 approving the Government Ordinance no. 4/2018 amending and supplementing the Pharmacy Law no. 266/2008 which was published in the Official Gazette of Romania no. 1042 (“Law no. 243/2020”). The new amendments entered into force on November 9, 2020.

Law no. 223/2020 on simplifying and eliminating the bureaucracy involved in transfer of shares and payment of share capital by amending Romanian Companies Law No. 31/1990 (“Companies Law”) was published in Issue no. 1018 of the Official Gazette of Romania dated 2 November 2020 and entered into force on 5 November 2020.

In October 2020, the Ministry of Finance of the Republic of Serbia published the first draft of the Law on Digital Property (“Draft“) and put it for open discussion. Below we present you with a short overview of the proposed Draft:

On 14 October 2020 the Hungarian Data Protection Authority (NAIH) has released its guidance on body temperature measurement in relation to COVID-19.

In its recent judgment C-311/18 (Schrems II) the Court of Justice of the European Union (CJEU) undermined, to a certain extent, the principles established in previous years for the transfer of personal data outside the EEA, in particular to the US. Many exporters, i.e. controllers and processors transferring data to third countries, were surprised by the verdict and left in confusion. Fortunately, the European Data Protection Board (EDP) came to the aid and adopted recommendations on measures that supplement transfer tools to ensure compliance with the EU level of protection of personal data.

Since this spring, the Czech Republic has been struggling with the coronavirus SARS CoV-2. The response to the pandemic in the field of labour law was the creation of the so-called Antivirus programme, which aimed to mitigate the economic impact of the pandemic by providing a state-backed financial contribution to salary costs. This should prevent mass redundancies and keep unemployment levels under control. Schemes A to C of the Antivirus programme were created on an ad hoc basis as an immediate response to the negative effects of the pandemic.

More Stories

Grid List

"The Croatian government is a bit under fire right now for not implementing stricter measures to deal with the uptick in Covid cases,” reports Kallay & Partners Partner Mara Terihaj Macura. Still, she concedes it’s a difficult problem. “There are still businesses that are open and operating despite the numbers being higher now than they were in the spring – but according to the economic experts another lockdown would be disastrous for the economy, so it’s difficult to find the balance.” 

SBGK’s busiest practice over the last few months has been Data Protection, according to Partner Andras Gyorgy, driven by both the COVID-19 pandemic and, more importantly, by fines for GDPR breaches raising awareness among companies.

On August 3, 2020, CEE Legal Matters reported that Sorainen had advised Montonio on its generation of EUR 500,000 from both Estonian and international investors. CEEIHM spoke with Rasmus Oisma, Director at Montonio Finance, to learn more about the matter.