A little over one year since Romania’s new foreign direct investment (“FDI”) screening regime became fully operational, the Romanian government passed an emergency ordinance meant to further clarify particular aspects under the law (such as the scope of the screening regime, which is further extended) or to translate into law the lessons learnt or the authorities’ reading of the rules since applying the new FDI law.

Kinstellar has announced that  Budapest's Kristof Ferenczi has been appointed as the new Firm Managing Partner, succeeding Patrik Bolf in that position.

Kinstellar has advised S Immo on the sale of its Eurocenter office building in Zagreb – with an asset value of EUR 26.5 million – to Atlantic Grupa.

Amendments to Law of Ukraine “On Advertising” No. 270/96-ВР of 3 July 1996 (the “Advertising Law”) have recently come into force. The amendments update obsolete regulations on advertising in Ukraine, thus ensuring advertising standards correspond to current technological developments.

Kinstellar has advised Chinese investors CMC Capital and Shanghai Electric Power & Energy Development Limited on the acquisition of Crni Vrh Power, a project company developing a 150-megawatt onshore wind farm in the eastern Serbian municipalities of Bor, Zagubica, and Majdanpek.

Clifford Chance has advised Ceska Sporitelna on the financing for the acquisition of Sanborn by Czech Machining Holding, a direct subsidiary of the Oriens Fund III SCSp.

Kinstellar has advised Siemens Mobility on its acquisition of Slovak railway security solutions company HMH. Havel & Partners reportedly advised the seller.

Kinstellar has advised S Immo on its acquisition of a property portfolio in the Czech Republic, valued at EUR 481 million, from the CPI Property Group.

Kinstellar, working alongside Skadden, Arps, Slate, Meagher & Flom, has advised Squared Capital on the acquisition of the entire Arriva Group.

Kinstellar and Schoenherr have announced that PowerChina's acquisition of a 51% stake in the Vetrozelena wind farm from CWP Europe has now closed.

Kinstellar has advised Mineral Ventures Invest on a reverse takeover transaction involving the acquisition of the majority stake in Irish mining and exploration company IMC Exploration Group. Dublin-based Mason Hayes Curran reportedly advised IMC.

On November 3, 2023, Zivkovic Samardzic announced that the sale of Eurobank Direktna Beograd to AIK Banka (reported by CEE Legal Matters on March 8, 2023) had closed upon receipt of the necessary regulatory approvals.

Former MVM Deputy CEO Balazs Tomaj has joined Kinstellar in Budapest as Senior Counsel.

Kinstellar, working with Reynolds Porter Chamberlain, has advised Ingersoll Rand on the full acquisition of Slovakia's Oxywise. GHS Legal advised the sellers.

Schoenherr has advised the BHM Group on the share-deal acquisition of the Trencin Industrial Park in Slovakia and related financing. Kinstellar advised the Nova Real Estate investment fund on the sale.

Kinstellar has advised Total Specific Solutions on its entry into the Bulgarian market through the acquisition of AS Systems. Sabev & Partners advised the sellers.

Former Goodwin Procter Partner Sava Savov has joined Kinstellar as a Partner to support the firm's international transactional offering and work with the executive team on various strategic initiatives.

Did You Know that the ten firms that have worked on the most client matters reported by CEE Legal Matters through Q3 of 2023 are equally divided between international and regional powerhouses? According to the Activity Rankings function of the CEELMDirect website, Magic Circle-member Clifford Chance, which has worked on a remarkable 66 deals reported by CEE Legal Matters in the first nine months of 2023, leads the pack, but Vienna-based Schoenherr is close behind with 64.