Former Counsel Viktoria Szilagyi has been promoted to a Partner position with Lakatos Koves & Partners in Budapest.
Closing: Sale of CP Glass's Orzesze Operations to BA Glass Now Closed
On April 5, 2024, Wardynski & Partners announced that the Canpack Group's CP Glass's sale of its glass production business in Orzesze, Poland, to BA Glass (reported by CEE Legal Matters on December 12, 2023) had closed after having received merger control approval from the Polish competition authority.
Azuolas Cekanavicius and Povilas Junevicius Make Partner at Ellex
Former Associate Partners Azuolas Cekanavicius and Povilas Junevicius have been promoted to Partner positions with Ellex in Lithuania.
Closing: Arcelik's New Standalone Home Appliance Business JV with Whirlpool Now Launched
On April 4, 2024, Clifford Chance announced that the formation of Arcelik's new standalone home appliance business JV with Whirlpool (reported by CEE Legal Matters on January 24, 2023) had been completed, resulting in the formation of Beko Europe.
Closing: DS Smith's Acquisition of Bosis Now Closed
In April 2024, Karanovic & Partners announced that DS Smith's acquisition of Bosis (reported by CEE Legal Matters on August 4, 2023) had closed.
BASEAK, Ciftci Attorney Partnership, and Unsal Advise on Ikas' USD 20 Million Series A Round
Dentons' Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Ikas on its USD 20 million Series A funding round led by the IFC and the Re-Pie Asset Management Company. Clifford Chance Turkish affiliate Ciftci Attorney Partnership advised the IFC. Unsal advised Re-Pie.
Law on Corporate Governance of State-Owned Enterprises Introduced
On 8 March 2024, Law of Ukraine No. 3587-IX (“Law”) came into force, intending to bring Ukrainian laws on the governance of state-owned enterprises (state unitary enterprises and business entities where the state holds more than 50% of shares) (“SOEs”) in line with the OECD Guidelines on Corporate Governance of State-Owned Enterprises.