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Boyanov & Co and Kalo & Associates have advised Albania Telecom Invest Bulgaria and One Telecommunications SHA Albania on a refinancing loan made by a club of banks including OTP Bank Hungary, DSK Bank Bulgaria, and Banka OTP Albania, for a principal amount of EUR 37 million with a maturity of 10 years. Wolf Theiss advised the lenders on the deal.

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.

Akin Gump, Bogdanovic, Dolicki & Partneri, Maric & Co, Isailovic & Partners, Harrisons, Zdolsek Attorneys at Law, Boga & Associates, Popovski & Partners, and Forgo Damjanovic & Partners have advised Croatian conglomerate Fortenova Grupa d.d., on the EUR 615 million sale of its frozen food business to Nomad Foods. Norton Rose Fulbright, Lakatos, Koves & Partners, and five firms from the SEE Legal alliance advised Nomad Foods on the deal, which is expected to close in the third quarter of 2021.

Schoenherr, working with Latham & Watkins and Orrick Herrington & Sutcliffe, and has advised French diagnostic center group Cerba HealthCare on the acquisition of the Lifebrain Group from Investindustrial. Chiomenti and Wolf Theiss advised Investindustrial on the deal.

Brandl Talos, working with Bar & Karrer, has advised AC Immune on the acquisition of Vienna-based Affiris AG’s portfolio of therapeutics targeting alpha-synuclein, a clinically-validated active vaccine candidate for the treatment of Parkinson’s disease. Davis Polk Wardwell acted as AC Immune’s U.S. legal counsel.

YES - In its previous case law, the court has recognised the importance of hyperlinks for the operation of the World Wide Web and for freedom of speech. On these grounds, the European Court of Justice (ECJ) generously allowed the use of links to make third-party content accessible via one's own website.

According to Sergey Mashonsky, Senior Partner at Arzinger Law Offices in Belarus, his country is struggling to find economic balance amid the pandemic and the international sanctions. He reports that certain sectors, such as forestry, are doing well, while some others, such as the food packaging industry, have been negatively impacted in recent times.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

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

The Law on Medication and Medical Devices (Official Gazette no. 58/08) and the Rulebook on Manner of Marketing of Medicines and Medical Devices (Official Gazette no. 40/10) regulate the advertising of medicines and medical devices in Bosnia & Herzegovina.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

The matter on labour assignment has recently become topical in the Federation of Bosnia and Herzegovina (FBiH), due to the increased need of business entities to hire staff who are not on their payrolls.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: “What did you most want to be when you were little?”

CMS has advised UniCredit Bulbank on the refinancing of Solarian Holdings' 21-megawatt operational photovoltaic portfolio in Bulgaria.

With the country being steered by a caretaker government appointed by President Rumen Radev, the overall outlook for Bulgaria seems to be positive, according to Gugushev & Partners Partner Victor Gugushev.

A freely-accessible public healthcare system has always been considered one of the pillars of the modern welfare state. However, the dearth of adequate managerial skills and advance planning within the healthcare framework has often led to systemic problems, like issues with financing for a system that is regarded as a public service by users and a private business by service suppliers. This problem has once again resurfaced in the Croatian health sector, with debts accumulated by public hospitals and pharmacies standing in the way of a regular supply of medicinal products and medical devices by manufacturers, wholesalers, and pharmacies.

“What do you call 10,000 lawyers at the bottom of the sea? A good start.” This popular joke underlines the low public perception of lawyers that remains common in today’s society. Although distrust toward lawyers has always existed, frivolous lawsuits, rising billing rates, and thrilling reports of lawyers behaving badly in the news do little to improve the public image of attorneys, especially in CEE.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

Kocian Solc Balastik has advised Solitea on its acquisition of Mainstream Technologies and its parent company Powerstream. Oswaldova & Partners Advokatni Kancelar reportedly advised the seller.

Baker McKenzie has advised Lesjofors on its acquisition of the Alcomex Group from Nordian Capital. Dutch law firm Corp. reportedly advised the seller.

The COVID-19 pandemic has accelerated the digital evolution of clinical trials. Introducing new technologies and ways of working with clinical data, improving clinical data access, review, and monitoring processes, and making better use of the data for further scientific research are trends that are here to stay. Side by side with these developments come legal questions about personal data protection. The aim of this article is to shed light on the core legal issue in data processing within clinical trials: its legal basis.

For at least the last 15 years, co-promotion and co-marketing agreements between pharmaceutical companies have been valuable instruments for cost-effective marketing of pharmaceutical products. Both types of agreement are used both locally and globally to effectively allocate the skills and expertise of marketing teams based on product type, therapeutic category, and product maturity.

Even with the delta variant being prominent in Greece, the country seems to be on an upward trajectory, according to Nassos Felonis, Partner at Bahas, Gramatidis & Partners.

Zepos & Yannopoulos has advised PPC S.A. on its international offering of EUR 500 million 3.375% sustainability-linked senior notes due 2028.

During the COVID-19 pandemic, the Healthcare/Pharma/Life Sciences sector has, not surprisingly, come into focus, with the production licencing and supply of vaccines and the ability of hospitals and healthcare facilities to operate and the production of healthcare products all attracting attention.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: “What did you most want to be when you were little?”

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

Sorainen has advised Tallinn-based Temnikova & Kasela art gallery on a non-fungible token project.

Sorainen has advised Finnish Technopolis UMA Holding on the sale of its Estonian and Lithuanian UMA Workspace business to Workland. Cobalt advised Workland on the deal.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

The pharmaceutical sector in Kosovo is undergoing three major policy and legal reforms to increase its competitiveness and transparency. These reforms are part of a national project to improve the underdeveloped and under-regulated pharmaceutical market which would, in turn, encourage increased spending in the healthcare and pharmaceutical sector.

RPHS has helped the Moxico Luma Kosova Mining consortium from the UK and Poland obtain strategic investor status in Kosovo.

Acquisition of property ownership in Kosovo is regulated by the Law on Property and Other Real Rights. The Law on Property, along with the Law on Cadaster, sets out the process of acquisition and registration of property in Kosovo. The Law on Property regulates the creation, content, transfer, protection, and termination of real rights, while the Law on Cadaster regulates the basis for the registration and recognition of the real rights by creating cadastral units for parcels, buildings, part of buildings, and utilities.

Sorainen has advised Domenikss owner Benita Danilenko on the sale of the company to Veho.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

Ellex and Simpson Thacher & Bartlett have advised the Baltic Classifieds Group on its IPO and listing on the London Stock Exchange. Clifford Chance advised sponsor and global coordinator and joint bookrunner BofA Securities and joint bookrunner BNP Paribas.

Sorainen has advised Finnish Technopolis UMA Holding on the sale of its Estonian and Lithuanian UMA Workspace business to Workland. Cobalt advised Workland on the deal.

Inga Kostogriz-Vaitkiene, Partner at CEE Attorneys in Lithuania, reports that her country’s economy is doing quite well at the moment and that additional regulation ensures the public procurement system will become greener. She also notes that there are two controversial laws in the pipeline related to cannabis use and LGBTQ+ rights.

On June 22, 2021, CEE Legal Matters reported that Motieka & Audzevicius had advised Elektroniniu Pinigu Bite on obtaining an electronic money institution license. According to the firm, Elektroniniu Pinigu Bite “serves related companies – mutual lending and crowdfunding platforms FinBee, FinBee for Business, and their customers.” CEE In-House Matters spoke with Darius Noreika, CFA and CEO at Finbee, to learn more about the matter.

"Data Protection matters have kept us extremely busy this year," Gjorgji Georgievski, ODI Law Partner in North Macedonia and Regional Head of TMT Group, reports, primarily as a result of the looming end of the transition period of the new data protection law in the country.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

With the enactment of the new Law on Personal Data Protection (“Law”) in 2020, North Macedonia largely harmonized its data protection legislation with the EU General Data Protection Regulation (GDPR).

Sayenko Kharenko and Turcan Cazac advised joint bookrunners Citigroup, ING, and Renaissance Capital on the tap issue of USD 50 million 8.45% secured notes due 2026 by Trans-Oil Group. Baker McKenzie and Gladei & Partners advised Trans-Oil Group. 

BizLaw.md, a Romanian-language portal dedicated to business law in the Republic of Moldova, is celebrating its fifth anniversary. We spoke with its founder, Efrim Rosca & Asociatii Managing Partner Oleg Efrim, to learn more about the project and his plans going forward.

My Indian guru, a sine-qua-non vegetarian, adores the Moldovan pies (placinte poale-n brau) made by my mom. When back home in India he will definitely once again become a chapati devotee, but for now he is in Chisinau, enjoying the taste and flavor of my mom’s baking.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: “What did you most want to be when you were little?”

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

Even though it’s been a year since its parliamentary elections, the outcome still seems to be the talk of the town and the biggest influence on business in Montenegro, according to Schoenherr Partner Slaven Moravcevic. 

Linklaters has advised Bain Capital Credit on a strategic joint venture with White Star Group. The joint venture will invest in logistics projects in Poland and the CEE. Dentons advised White Star Group on the deal.

Soltysinski, Kawecki & Szlezak, working with Winston & Strawn, has advised Los Angeles-based investment firm Diversis Capital on the acquisition of image recognition platform developer Shelfwise. Chabasiewicz Kowalska, working with Pillsbury Winthrop Shaw Pittman, represented the sellers on the deal.

Linklaters has advised industrial and warehouse developer Panattoni on its lease of logistics spaces to DHL Supply Chain and MidOcean. Nikiel Wojcik Noworyta advised MidOcean on the deal.

NNDKP has successfully represented companies that are part of the Efacec Group before the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania against local administrative authority Braila County.

Filip & Company has advised RCS & RDS and several of its subsidiaries on securing two medium-term loans amounting to approximately EUR 232 million.

Not all the impacts of the COVID-19 crisis on Romanian society are negative. The crisis also led to the much-overdue regulation of telemedicine in Romania.

Alrud has represented French automobile educational association GNFA in a corporate dispute with a former minority shareholder, an unidentified Russian company.

Bryan Cave Leighton Paisner, working with Uzbekistan-based co-counsel Kosta Legal, has advised Sberbank on its sale of 84.2% of the shares in JSC Akhangarancement. Legate and, reportedly, EPAM advised the unidentified buyer.

Bryan Cave Leighton Paisner has advised Sberbank Investments and the Russia-China Investment Fund on a RUB 1.6 billion investment structured as a syndicated venture loan in Eruditor Group holding. White & Case advised the Eruditor group on the deal.

Managed Entry Agreements consist of various forms of confidential arrangements between pharmaceutical companies and paying healthcare systems that aim to facilitate access to new technologies in public healthcare systems. MEAs make innovative and costly medicines or medical technologies affordable to patients by providing conditional access to a reimbursement system for a limited period and on balanced terms.

Annual reports make up a fundamental part of many regional CEE law firms’ marketing strategies, providing those firms with an annual opportunity to demonstrate their knowledge and expertise in a particular area, their geographic footprints, and their ownership and facility with the research and technological tools and manpower necessary for the production of such comprehensive projects.

Karanovic & Partners has advised Founders Jasmina Knezevic and Milan Knezevic on the sale of a 70% share in Bel Medic to Acibadem Healthcare Group. Prica & Partners and Esin Attorney Partnership advised Acibadem on the deal.

MCL has advised Bistro.sk founder and minority shareholder Milan Dubec on the sale of the company to Dutch Just Eat Takeaway.com for EUR 50 million. PRK Partners advised Ringier Axel Springer as the other selling shareholder. Cechova & Partners advised the buyer.

Kocian Solc Balastik has advised the Arete Group on securing a EUR 30 million loan from Raiffeisenbank. The Prague office of Clifford Chance advised the lender. Wilsons Slovakia advised Arete on Slovak aspects of the deal.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

On May 26, 2021, the EU’s new Medical Device Regulation came into force, significantly changing the applicable regime, including – of particular interest to the dynamic Slovenian MedTech start-up community – by providing a new definition of software applications that need to be certified as medical devices.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: “What did you most want to be when you were little?”

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

As a large country with a population of over 82 million and a comprehensive public and private healthcare system designed to provide an accessible and equitable medical service to each and every person living in Turkey, the potential for every life science-related sector in the country could easily be deemed as advanced.

As a result of the increasing global trade, the international debt collection has become a more important issue nowadays. Given that debt collection proceedings vary across countries, this article explains the costs of initiating execution proceedings in Turkey.

Egemenoglu has advised Escar Turizm Tasimacilik Ticaret A.S. on the TRY 165 million initial public offering of its shares on Borsa Istanbul. 

Sayenko Kharenko and Turcan Cazac advised joint bookrunners Citigroup, ING, and Renaissance Capital on the tap issue of USD 50 million 8.45% secured notes due 2026 by Trans-Oil Group. Baker McKenzie and Gladei & Partners advised Trans-Oil Group. 

Sayenko Kharenko has acted as Ukrainian legal counsel to the EBRD on its provision of a Hryvnia currency loan equivalent to EUR 25 million to Ukrgasbank.

The fundamental goal of each company is to increase sales. For this purpose, players that operate in the Ukrainian pharma market utilize a wide range of promotional activities. However, Ukrainian laws on health protection allow very few of them when it comes to prescription (or “Rx”) pharmaceuticals.