CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Default penalty amounts generally has been doubled in Hungary as of 1 August 2024. According to the Governmental Decree published in the Hungarian Gazette on 8 July 2024, overwriting the Act on the Rules of Taxation, the increase is due to the Ukrainian war and is theoretically effective by the end of the emergency period.
Glatzova & Co has advised Tetera A Spol as CEPO Green3's insolvency administrator.
As a result of major market changes, business entities more often suspend their operations and become insolvent, during which arises the question of the collectability of the claims of their creditors and associates, as well as persons who are in other relationships with such insolvent business entities.
Koutalidis has advised Alpha Bank Group on the reorganization of Alpha Leasing’s business via a common demerger.
Bernitsas has advised BMW Hellas Trade of Cars SA on the successful spin-off of its vehicles leasing sector.
Wolf Theiss, working with Wiersholm, has advised the Schibsted group on the separation of its business into two companies – Schibsted Media and Schibsted Marketplaces.
Dunovska & Partners has promoted Vaclav Manek to Partner.
