CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
On 1 July 2024, the long-awaited Act on Collective Civil Proceedings (the Class Actions Act) entered into force, allowing consumers and small entrepreneurs to pursue their claims in court together through a class action.
Norton Rose Fulbright has advised Panattoni Europe on the construction of a built-to-own facility in Czeladz, to be developed for Compal. Dentons advised Compal.
Clifford Chance has advised KKCG's IT pillar on the integration of the acquisition debt, following the acquisition of Avenga Group, into the group's umbrella financing.
Dentons has advised Loconi Intermodal on the sale of a majority stake to PSA Baltics. DLA Piper advised PSA Baltics.
Dentons has successfully represented an unlawfully sterilized woman in administrative court proceedings against the Ministry of Health of the Czech Republic regarding a denied claim for compensation and subsequent appeal on a pro bono basis.
A&O Shearman has advised NORD/LB on its EUR 109 million financing for two GoldenPeaks Capital solar farm portfolios. Dentons reportedly advised GoldenPeaks.
In response to the extensive destruction caused by Russia to Ukraine’s critical energy infrastructure, the Ukrainian government continues to implement emergency measures to restore energy-generating capacities and ensure energy stability across the country.
The EU’s Al Act (Regulation 2024/1689) enters into force today, August 1, 2024. The groundbreaking Act is designed to ensure that AI systems are safe, transparent, and governed by rules that protect fundamental rights. The Act categorizes AI applications into risk-based tiers, with each tier subject to different levels of regulatory scrutiny and compliance requirements.
Dentons has advised the EBRD on an equity investment in Arobs Transylvania Software. Filip & Company advised Arobs.
Dentons has advised Convergint Technologies on its acquisition of Helinick from Marius Retegan and other minority shareholders. Deloitte Legal's affiliate law firm Reff & Associates reportedly advised the sellers.
CMS, working with Herbert Smith Freehills, has advised IFC on its EUR 200 million blue and green sustainability loan loan for Maistra Hospitality. Dentons reportedly advised Maistra Hospitality.
The new Czech Building Act (Act No. 283/2021 Coll., the Building Act, as amended (NBA)) became effective on 1 January 2024 and gradually replaces legislation set forth primarily in Act No. 183/2006 Coll., on zoning and building regulations (Building Act), as amended (OBA).
On June 24, 2024, the Act on the Protection of Whistleblowers (the "Whistleblowers Act") was published in the Journal of Laws, which means that most of its provisions will come into force on September 25, 2024.
Norton Rose Fulbright's Turkish affiliate law firm Pekin Bayar Mizrahi has advised Idata on its sale to BLS International Services. Dentons and its Turkish affiliate law firm Balcioglu Selcuk Ardiyok Keki reportedly advised BLS International Services.
Dentons has advised the Republic of Lithuania on its EUR 1 billion bond issuance. Reportedly, TGS Baltic advised the Republic of Lithuania as well while Freshfields Bruckhaus Deringer and Sorainen advised the underwriters.
Dentons and Greek-based MSTR Law have advised the Greencells Group on obtaining EUR 65 million in development financing for its solar plant portfolio across seven jurisdictions. Bernitsas and, reportedly, Hogan Lovells advised Kommunalkredit – the structuring bank and sole lender.
Dentons has advised CPI Property Group and its subsidiaries CPI FIM SA and Czech Property Investments on a partnership agreement to sell a 49% common equity stake in CPI Project Invest and Finance to funds managed by Sona Asset Management for EUR 250 million. A&O Shearman and, reportedly, Milbank advised Sona Asset Management. DLA Piper reportedly advised Aareal Bank on the deal.
Outgoing NATO Secretary General Jens Stoltenberg has secured the unanimous support of NATO country ambassadors for €40 billion (approximately US$43 billion) in lethal and non-lethal military aid to Ukraine in 2025. NATO leadership is expected to approve the agreement during the annual NATO Summit, which will take place July 9-11, 2024 in Washington, DC.
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