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Schoenherr has advised Ventus LLC and Sky Logistica on the acquisition of Skyport, a cargo operator based in the Czech Republic and Slovakia, from the Czechoslovak Group, a.s.. In a parallel transaction, Schoenherr also advised Elite Partners Capital on the acquisition of the Skyport RE cargo property company from the Czechoslovak Group. Dentons advised the Czechoslovak Group on the parallel deals.

Dentons has acted as English, Russian and US federal securities law counsel to Domodedovo Airport Group on its Rule 144A/Regulation S issuance of USD 453 million 5.35 percent loan participation notes due 2028; the consent solicitation and tender offer in relation to its loan participation notes maturing in 2021; and the capped tender offer with respect to its loan participation notes maturing in 2023.

Over the last five years, Turkish payment services and payment systems have gone through turbulent times, with pressure both from competition authorities (demonstrated by BKM Express’ rollercoaster ride between 2016 and 2020) and financial market regulators. Though the power of incumbent banks remains strong, the market is liberalizing and opening up for fintech players.

Dentons has advised Czech airline Smartwings on its out-of-court restructuring and CZK 2 billion financing from UniCredit Bank, Komercni Banka, Ceskoslovenska Obchodni Banka, and Ceska Sporitelna, which will allow it to continue operating in the wake of the COVID-19 pandemic. White & Case advised the lenders, and Allen & Overy, Holland & Knight, and Norton Rose advised selected lessors on the deal. AK Zizlavsky advised Smartwings on insolvency law aspects.

Balcioglu Selcuk Ardiyok Keki Avukatlik Ortakligi has advised Gulf Capital on the sale of its 70% stake in TurkNet lletisim Hizmetleri A.S., an alternative Internet service provider in Turkey, to the members of the Celebiler family and a fund of Re-Pie Portfoy Yonetimi A.S. ErsoyBilgehan advised the Celebiler family on that deal, and on the immediate sale of 40% shares in Turknet to Re-pie. Baspinar & Partners reportedly advised Re-Pie on the deal.

Concern around carbon footprints, climate change, greenhouse emissions and compliance with environmental regulations and anti-bribery and corruption legislation has been on the rise over the last 20 years. More recently, that concern has expanded to encompass an increased emphasis on sustainable development in business operations and supply chains. The drive for more accountability and transparency from financial institutions, private equity investors and governments around the globe has turned the spotlight on disparities in terms of pay, gender and diversity, as well as the use of slavery in manufacturing. What started as discrete areas of focus and/or regulation, now firmly fall under the mainstream umbrella term, “Environmental, Social and Governance” (“ESG”).

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Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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