Paksoy, working with Milbank, has advised General Atlantic on its USD 500 million lead investment in Insider's series E funding round.

Rymarz Zdort Maruta has successfully represented DESA Unicum before the Internet Domain Arbitration Court at the Polish Chamber of Information Technology and Telecommunications in a case brought by Desa Dziela Sztuki i Antyki concerning the infringement of rights as a result of an agreement for the maintenance of the desa.pl domain name.

Schoenherr, working with Proskauer Rose and Paul Hastings, has advised Luminator Technology Group and Wingspire Capital on USD 40 million term and revolving loans granted to LTG.

SSK&W has advised MEP Solutions on its investment in Poland.

Brandl Talos, working with Bryan Cave Leighton Paisner, has advised Sportradar on the acquisition of the assets of XLMedia PLC's North American business for USD 30 million. Ashurst reportedly advised XLMedia.

TGS Baltic has successfully represented the Estonian Transport Administration in two court cases against cleaning and maintenance service provider Krausberg Eesti.

CMS, working with Vedder Price, has advised Ceska Sporitelna and Ceskoslovenska Obchodni Banka on the financing for the Silon Group, including a sustainability-linked loan, which will be linked to the environmental goals of the entire group. Eversheds Sutherland advised the Silon Group.

Dentons has advised PKO Bank Polski on the financing granted to VSB Group's subsidiary VSB Polska for its investment in the 41.6-megawatt Raciborz onshore wind park. Solivan advised VSB.

Nechala and Partners has advised Heimo Wallisch on the sale of Easys to BizLink Group. Baker McKenzie reportedly advised BizLink.

JDP has advised the consortium of Gulermak and Budimex whose bid was selected in a tender for the construction of the Jawornik–Lutcza section of the S19 expressway.

Bird & Bird has advised Iron Mountain on its acquisition of Wisetek.

CMS has advised DNB Bank ASA and PKO Bank Polski on the refinancing of two portfolios of photovoltaic projects owned by GoldenPeaks Capital. Clyde & Co and Dentons advised GoldenPeaks Capital.

CMS has appointed Warsaw-based CMS Partner Malgorzata Urbanska as the firm's new Co-Head of the Global Antitrust, Competition & Trade Group alongside Partner Marquard Christen.

Ments has launched a new Dispute Resolution practice in Slovakia with the addition of Counsel Tomas Langer and Associate Anna Kocurova.

Vizdoaga Law Office and Dolea & Co have announced a collaboration between the two firms.

Former Biris Goran Real Estate Partner Daniela Lazea has left the firm after 17 years and has joined Global Vision as General Counsel.

Former Eurobank Head of Legal Services Division Alexia Kefalogianni has joined Bernitsas Law as Counsel.

Oppenheim has partnered up with the Korean law firm Jipyong by signing a memorandum of understanding, leading to Jipyong opening a Korea Desk in Hungary.

Former Dogan Holding Chief Legal Counsel Ebru Ersoy has become the new Chief Legal Counsel at Nurol Bank.

Schoenherr has promoted Vienna-based Stefanie Aichhorn-Woess, Alfred Amann, Johannes Frank, Ayla Ilicali, Christoph Jirak, Sara Khalil, Sebastian Lukic, Johannes Stalzer, and Stefanie Stegbauer, Zagreb-based Kresimira Kruslin, Warsaw-based Daniel Radwanski, and Bucharest-based Nora Olah to Partner (already announced in August this year).

Bittera Kohlrusz & Toth former Managing Partner Csaba Bittera has joined Fraport as its Senior Legal Advisor.

Former CMS Partner Piotr Ciolkowski has joined Dentons as Partner and Co-Head of the Energy Sector Group in Poland.

Nicolas Wolski has become the new Head of Tax at BPV Huegel, taking over from Partner Gerald Schachner.

Former Dentons Partner and Co-head of the Banking and Finance team Piotr Nerwinski has joined Greenberg Traurig as Partner and Head of the Project and Structured Finance along with a team of six lawyers.

Startups are keen to use motivational tools like the Employee Stock Option Plan (ESOP). These programs do not burden the company with the economic cost of paying additional cash compensation. This way, startups can preserve their cash flow, which is especially sensitive during the initial stages of business development. Simultaneously, such programs effectively motivate employees, who have an interest in increasing the value of the company, as they become its co-owners. For this reason, the cap table of almost every startup today includes an entry for an option pool. However, not every founder wants or can commit to permanently transferring part of the company to employees. In such cases, the Phantom Stock Option Plan (PSOP) presents an interesting alternative.

In a bid to enhance legal competitiveness, a new legislative proposal aims to streamline regulations in environmental protection, waste management, consumer rights and workplace safety, boosting the competitiveness of domestic businesses. The proposal is currently under public consultation, but it already highlights several key changes that may be of interest to various sectors.

As someone leading my firm's digital transformation efforts over the past five years, together with the firm’s Senior Partners, I've been involved in the adoption of artificial intelligence and other advanced technologies. It has been a challenging yet stimulating journey, and I want to share my insights into what drove this transformation.

The way in which resolutions are adopted in limited liability companies (“LLC”) with a sole shareholder who is a legal person, has given rise, in practice, to contradictory views, underscoring several relevant legal aspects. We will explore below some of these aspects.

From 1 August 2024, the maximum fine that can be imposed by the Hungarian Competition Authority equals 15% of the undertaking’s net turnover. According to the Authority’s statement, its primary objective is not to impose fines, however, the increase in the potential financial penalty is a strong deterrent. In any case, it can be observed that the Authority is becoming more and more stringent concerning fines: while in 2023 it imposed fines totalling HUF 2.2 billion, the total amount of fines imposed this year exceeded HUF 2 billion by August.

The MICA (Markets in Crypto-Assets) Regulation was formally adopted by the European Parliament on 20 April 2023 and approved by the Council of the European Union on 16 May 2023. The adoption of MICA is in response to the growing need for regulation in the rapidly evolving world of crypto-assets and represents an important step towards building a stable and secure financial system in the EU.

Neither Polish nor European legislation explicitly specifies how an influencer should publish their content on social media, and what they should avoid in order not to run the risk of violating Polish consumer protection rules.

In recent weeks, the Slovak Parliament has approved two laws that could substantially increase labour costs for employers in Slovakia. One amendment to the Minimum Wage Act raises the automatic determination rate of the minimum wage, while another introduces a new contribution to cover sports activities for employees' children.

A new draft regulation was put to public consultation until 27 September 2024 that could bring significant changes to the operation of district heating systems in Hungary. The aim of the regulation is to increase the use of renewable energy sources such as geothermal and biomass in district heating, thus reducing dependence on natural gas and costs.

In the past few years, North Macedonia has made significant strides in developing its infrastructure. Attracting foreign investors is the main strategy to finance, construct, develop, and manage essential infrastructure projects. The government also engages in PPPs, recognizing their potential to leverage private sector expertise and capital in public service delivery.

The spring of 2024 marked a pivotal shift in the Macedonian financial market, with significant reforms on the horizon. As of March 2024, the related legislative framework has come under intense scrutiny, aiming to align more closely with European directives and capital market regulations. This effort has culminated in the adoption of the new Law on Financial Instruments (LFI) and the Law on Prospectus and Transparency Obligations of Securities Issuers (LPTOSI). The primary objective of these reforms is to enhance market efficiency and strengthen the stability of the financial system.

North Macedonia, strategically located in the heart of the Balkan Peninsula, south-eastern Europe, is a landlocked country with a unique advantage. Its position between two main European corridors, coupled with political and democratic stability and a favorable tax and regulatory framework, makes North Macedonia a promising destination for potential foreign investors. The country offers abundant possibilities, especially in greenfield investments, renewable energy, software, IT services, logistics, construction, cannabis production, agriculture, food services, tourism, etc.

Nechala and partners advised the seller, Mr. Heimo Wallisch, on the successful sale of EASYS s. r. o.

Vienna, 04 November 2024. The experienced tax partner Nicolas Wolski (42) will take over as Head of Tax at bpv Huegel with November 2024.

JŠK advised PRE Group on its acquisition of 100% stake in solar power plant supplier SolidSun.

The Reverse Share Split at a ratio of 10:1 to reclassify the company's share capital was resolved at the Annual General Meeting on 14 June 2024.

The IMMOFINANZ Group acquired a further approx. 38% of S IMMO shares from CPI Property Group SA for a purchase price of around EUR 608.5 million.

Drakopoulos is pleased to announce the launch of its new Data and Digital practice, dedicated to providing comprehensive legal solutions to clients navigating the increasingly complex landscape of data protection, digital transformation, AI, cybersecurity and emerging technologies.

The Montenegrin Law on Business Organizations prohibits the return of contributions to shareholders. But is capital reduction with simultaneous payment to shareholders permissible? This article explores the legal ambiguities and practical challenges arising from this question.

The ITR Tax Awards recognise the best tax consultants and tax lawyers every year. bpv Huegel was awarded twice this year.

RTPR has assisted the shareholders of 123FormBuilder – 212 Regional Fund II, Catalyst Romania, Florin Cornianu and Adrian Gheara – in relation to the sale of the company to American group Kiteworks.

Oliver Koppany will be joining Jalsovszky as Foreign Legal Counsel from September, focusing on US-Hungarian business connections.

Paul Pfeifenberger (36) specialises in real estate and has been with bpv Huegel since 2015.

RTPR has assisted OX2 in relation to the sale of a 99.2 MW onshore wind project located in the Eastern part of Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.