Eversheds Sutherland has advised Bank Pekao on its financing for 7R's warehouse development in Katy Wroclawskie.
EU Regulation and the Carbon Border Adjustment Mechanism (CBAM)
Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 (the “Regulation”) establishes a carbon border adjustment mechanism. The Regulation imposes new obligations on importers of selected goods from third countries into the EU. The aim of this article is to help entrepreneurs identify whether the Regulation applies to them and, if so, what are the most important obligations it imposes on them.
Eversheds Sutherland Advises on Second TBI Bank EUR 10 Million Issuance of MREL Notes
Eversheds Sutherland Bulgarian member firm Tsvetkova Bebov & Partners acted as the single transaction counsel on TBI Bank's December 15, 2023, private placement of MREL notes maturing 2026, with a total value of EUR 10 million.
Czech NIS2 Implementation: Engage a Diverse Group of Professionals, Not Just IT Guys
Anticipated completion of the European NIS2 Directive's integration into Czech law is set for late 2024, facilitated by the new Czech Cybersecurity Act (CSA) and associated decrees. This legislative shift will impact an estimated 6,000 to 10,000 Czech companies, formerly exempt from cybersecurity regulations, necessitating the adoption of measures for compliance. Since the CSA is a complex legal regulation, it is advisable to engage a spectrum of experts, extending beyond IT to include legal and compliance professionals, in this transformative process.
Eversheds Sutherland Advises on SWS Sale to Also Holding
Eversheds Sutherland has advised the shareholders of SWS on the full sale of the company – including subsidiaries Entec Solutions and SWS International in Slovakia – to Also Holding.
Guleryuz Partners and Allen & Overy Advise on Tiryaki Agro USD 112.5 Million Financing from IFC, FMO, and Proparco
Guleryuz Partners, working with the Galadari Law and Eversheds Sutherland, has advised the Tiryaki Group on its USD 112.5 million financing package from the IFC, FMO, and Proparco to finance an agro-industrial complex in Iraq’s Umm-Qasr Port. Allen & Overy, working with Confluent Law, advised the lenders.
Ministry Continues Energy Subsidies for Businesses in 2024!
The Ministry of Economy has extended the eligible period for electricity and gas price compensations. In addition to 2023, it will also be possible to apply for compensation for the period up to 30 June 2024. Applications can be submitted until 15 June 2024.
The Debrief: January 2024
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.
Guest Editorial: Lawyering in CEE – Then and Now
CEE Legal Matters invited me to write about “lawyering in CEE.” My “lawyering” in the region started on January 2, 2000, when I was a young graduate working in Vienna for clients with business in the Czech Republic and Slovakia, and soon I was sent to Prague, and Bratislava. Over time, I witnessed not only economic booms and crises and political and economic transformations but also changes in the legal market and how law firms work.
The Corner Office: Budget, Budget, Budget
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With 2023 marching to an end, we looked ahead and asked about strategies for next year: As the budgeting period is around the corner, compared to 2023, what are the main budgeting lines you expect to increase for 2024 and why?
Jaroslav Tajbr Joins Eversheds Sutherland as Partner in Prague
Former Squire Patton Boggs Counsel Jaroslav Tajbr has joined Eversheds Sutherland’s Prague office as a Partner.
CEELM10 Interview: A Decade of Energy in Slovakia
Eversheds Sutherland Slovakia Managing Partner Bernhard Hager talks about the evolution of the energy sector and their role as legal advisors in Slovakia over the last 10 years.
KSB Advises Seyfor Group on KS-Program Acquisition
KSB has advised the Seyfor Group on its acquisition of the KS-Program software company.
Employers with 50-249 Employees Must Implement a Whistleblowing System by 15 December 2023
In June 2023, the Czech Republic adopted the Whistleblower Protection Act implementing the relevant EU Directive with a two-year delay. The law came into force on 1 August 2023.
The Corner Office: Balancing the Books – Overdue Bills and Unpaid Invoices
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Shifting our focus to the financial aspects of legal work, we asked: What percentage of your issued bills end up being overdue, what percentage end up never paid, and what is your firm’s/office’s standard methodology to handle both cases?
Cybersecurity News
In January 2023, a new directive on measures to ensure a high common level of cybersecurity in the Union (the "NIS 2 Directive") entered into force, and is to be transposed by 17 October 2024.
New Law on Transformations of Commercial Companies and Cooperatives and New Institute of Spin-off Within the Change of Legal Form by Division
The new law (Act No. 309/2023 Coll.) introduces a new comprehensive regulation of national and cross-border transformations of commercial companies and cooperatives in a special law. Most of the provisions will enter into force on 1 March 2024.
Clifford Chance and Tsvetkova Bebov & Partners Advise on Bulgaria's EUR 2.3 Billion Sovereign Bond Issuance
Eversheds Sutherland member Tsvetkova Bebov & Partners, working with Clifford Chance, has advised the Republic of Bulgaria on a dual-tranche EUR 2.3 billion sovereign bond issuance. Linklaters and DGKV reportedly advised joint lead managers BNP Paribas, Credit Agricole CIB, Deutsche Bank Aktiengesellschaft, and JP Morgan.