Former Alterna Partner Annika Vait has joined Rask as a Partner and Co-Head of the firm's Business Consulting and Transactions department.

Recently, Slovak legislation underwent a significant change with the adoption of the Act on Transformations of Commercial Companies and Cooperatives. Effective as of March 1, 2024, the act marks a departure from previous regulations within the Slovak Commercial Code, which had grown rather inflexible and outdated in the area of corporate transformations.

I looked at M&A transactions in the last years using publicly available sources, our own transactions, and information provided by corporate finance advisory partners. I found that in 37% of the cases, purchasers came from Western Europe, in 37% from Hungary (private companies or the Hungarian state), and in 11% from investors in the CEE, while transactions where the purchasers were of US or Asian origin were negligible (US 3%, Asia 4%).

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Schoenherr has advised Caverion Oesterreich on its acquisition of the refrigeration and air conditioning business of Climacraft. Cuber advised Climacraft.

Kocian Solc Balastik has advised the Seyfor Group on its acquisition of a 35% stake in Digitask from Filip Drimalka.