Fri, Dec
102 New Articles

Clifford Chance and Switzerland's Lenz & Staehelin have advised the KKCG AG investment company and pan-European lottery operator the Sazka Group on the EUR 500 million investment into the Sazka by funds managed by affiliates of Apollo Global Management. Baker McKenzie advised Apollo.

The Warsaw office of Baker McKenzie has advised Troax on its acquisition of Natom Logistic, a Polish-headquartered manufacturer of warehouse equipment in Europe. KPMG Law reportedly advised the seller, Natom Logistic founder Tomasz Swiatek, on the transaction.

DLA Piper has advised Mid Europa Partners on the acquisition of a majority stake in GWD Concept Displate from its founders, Credo Ventures, and Miton Capital. Baker McKenzie advised the sellers on the transaction, which is expected to close before the end of the year.

Baker McKenzie’s London office and The Esin Attorney Partnership in Istanbul have advised joint global coordinators Bank of America and J.P. Morgan, joint lead manager HSBC, and co-managers Radobank and Renaissance Capital on Ulker Biskuvi Sanayi's issuance of USD 650 million Eurobonds due 2025. White & Case advised the issuer on the deal.

The amendment to the Act on the Control of Certain Investments (the “Act”) that came into effect on July 24, 2020 has vested the President of the Office of Competition and Consumer Protection – the UOKIK – with broad new powers. The new rules are temporary and will be in force for 24 months. On July 21, 2020, the UOKIK issued 50-page long, detailed procedural guidelines, which unfortunately are not available in English.

Baker McKenzie has advised PJSC Koks on the issuance of new Eurobonds by subsidiary IMH Capital and a cash tender offer together with an exit consent solicitation to the holders of USD 500 million notes due 2022 issued by Koks Finance, another subsidiary of PJSC Koks.

Despite some political and legal debates between Hungary and the European Union, Baker McKenzie Partner Marton Horanyi, who also co-heads the firm’s Antitrust and Competition practice group in Hungary, says, “not much out of the ordinary” is going on, politically. “In fact, investors in Hungary appreciate that things have been rather stable now for the past few years.”

The conflict in the east of the country that began in 2014 is not the only thing plaguing Ukraine. After the fall of the pro-Russian regime in the wake of the Euromaidan revolution, the independent National Anti-Corruption Bureau of Ukraine was established to tackle the issue of corruption in the country.

Baker McKenzie's Kyiv office has conducted legal due diligence for the State Property Fund of Ukraine related to its successful privatization of the Dnipro Hotel, which was sold at auction on July 15, 2020 with a winning bid of UAH 1.111 billion (approximately USD 40.1 million).

Baker McKenzie at a Glance

At Baker McKenzie, we are innovators. In an age of increased demands and complexity, we pledge to bring our clients fully integrated services to help them successfully manage their operations, overcome uncertainty and protect their interests. As one of the largest law firms globally and in the Central Eastern European region, we combine a unique understanding of local business environments and global companies’ needs with creative thinking, in-depth legal knowledge and cutting edge technology, while remaining cost efficient in representing our clients. For ten years running, Baker McKenzie has been recognised by the Acritas Global Elite Law Firm Brand Index as the strongest law firm brand in the world, and the top law firm in the world for multinational M&A transactions.

With the opening of the Budapest office in 1987, Baker McKenzie became the first Western law firm to establish a representative office in Central and Eastern Europe. Over thirty years later, Baker McKenzie also has offices in Vienna, Warsaw, Prague, Istanbul, Kyiv, Moscow, St. Petersburg and Almaty. We have extensive experience in regional and global cross-border transactions as well as foreign direct investments, in industries such as telecommunications, pharmaceuticals, oil and gas, energy, food and automotive. This makes us perfectly placed to provide commercially appropriate solutions to all our clients' legal needs, from the routine to the complex.

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