Aksan has advised Belkofleks Ambalaj and the company’s founding shareholder on a two-step transaction involving a private equity investment from SME Fund TR.

A&O Shearman has advised Komercni Banka and other financing banks on the refinancing of the Enetiqa group through a new facility totalling CZK 3 billion. Glatzova & Co advised Enetiqa.

Kinstellar has advised TSH Investment on the acquisition of Mall Plovdiv from Avestus Capital Partners. CMS advised the sellers.

Brandl Talos has advised VitreaLab on its USD 11 million Series A financing round led by LIFTT and LIFTT EuroInvest. Act Legal, working with Sani Zangrando, advised LIFTT and LIFTT EuroInvest.

Musat & Asociatii has successfully represented MMT121 Gaming before the High Court of Cassation and Justice, clarifying the tax regime applicable to gambling operating licenses in Romania following recent legislative changes.

Kocian Solc Balastik has assisted Fidurock on the establishment of the Fidurock Retail Parks Fund SICAV, an investment fund for qualified investors focused on retail parks in the Czech Republic and Slovakia.

Sorainen has advised Erply on its acquisition of Edicy from TextMagic.

Andersen has advised Groupe ADP member TAV Georgia on its agreement with United Airports of Georgia to invest approximately USD 150 million in the next phase of development of Tbilisi International Airport.

Glatzova & Co has advised Pale Fire Capital on its acquisition of a majority stake in Acond.

Wardynski & Partners has successfully represented the Vet-Alert Foundation for Protection of Animals in proceedings before the Supreme Administrative Court.

Reals has advised Upvest on the financing of a residential project developed by UDI Group.

Sorainen has advised Multitude Bank on the provision of a EUR 17.25 million revolving credit line to the DelfinGroup.

RK Legal has promoted Krzysztof Podolski and Krzysztof Jedrzejczyk to Partner.

DZP has appointed Magdalena Skowronska as its new Head of the Capital Markets and Financial Institutions Practice.

Former Aksu Caliskan Beygo Partner Irem Akin has joined Akin Partners as a Partner.

Advisory firm specializing in tax advisory and accounting services Nexia Advicero has launched a legal practice with the addition of a legal team led by Partner Katarzyna Koszel-Zawadka.

Former Kalo & Associates Partner Olsi Coku has left the firm to set up Nexum Legal Consulting in Albania.

JDP Drapala & Partners has expanded its partnership structure with Partner Wojciech Bazan becoming a shareholder of the firm. Additionally, the firm has changed its name to JDP Drapala Chomiuk & Partners.

Djingov, Gouginski, Kyutchukov & Velichkov has promoted Ivan Punev to Partner and Nikolai Gouginski to Co-Managing Partner of the firm, alongside Zdravka Ugrinova.

Laurenz Liedermann and Benedikt Sprinzl have joined Kinstellar's Vienna Office as Partners.

Popovici Nitu Stoica & Asociatii has promoted Bianca Monica Chiurtu, Ioana Cazacu, and Ramona Pentilescu to Partner.

Jakub Kutzmann has joined Baker Tilly Legal Poland as a Partner and the firm's new Head of the Real Estate Practice.

Ellex has appointed Mari Must as the firm's new Head of Intellectual Property in Estonia.

Bernd Taucher Corporate Advisory law firm has opened for business in Vienna.

With effect from 6 January 2026, an amendment to the Cybersecurity of Hungary significantly narrowed the scope of organizations subject to the NIS2 obligations.

Since the beginning of the full-scale war, the Ukrainian economy has faced a strong need for long-term financing, both for on-going business needs and for reconstruction projects. Banks remain the primary channel of financing the real sector. At the same time, the National Bank of Ukraine (the “NBU”) has focused on keeping the banking system stable and preserving confidence in the banking sector, which in 2022–2023 meant rather strict requirements and a number of temporary restrictions.

The European Commission has recognised the regulatory disparities that exist between EU Member States and the candidate Balkan countries. To address these differences, it has identified the need to assess national legal frameworks and provide recommendations to Balkan countries for aligning them with EU standards.

Under Serbian law, acquisition of title to real estate is traditionally based on a valid legal ground (iustus titulus) and registration as the decisive act of acquisition (modus acquirendi). Registration therefore has constitutional relevance, producing erga omnes effects and enabling reliance by third parties.

A “digital nomad” is a person who works remotely using technology and combines this with travel and living in different parts of the world. Despite the decline in the remote work trend, digital nomads remain an increasing group of highly mobile experts. Up until now digital nomads could reside in Bulgaria only on short-term basis (90 days every 180 days) which is no longer the case.

January 2026 – As a result of Russia’s ongoing aggression, businesses across virtually all sectors of the Ukrainian economy have suffered severe damage and financial losses. Missile strikes, drone attacks, and other forms of hostilities affect both frontline and rear regions – and the number of impacted enterprises continues to grow on a daily basis. According to expert assessments, by mid-2025 Ukraine’s direct, documented losses incurred from the war had reached approximately USD 176 billion[1].

The Amendments to the Law on Factoring entered into force on 12 December 2025 (“Amendments”). The Amendments introduce developments in the legal and regulatory framework for factoring in Serbia, aiming to align it with international standards and best market practices, ensure compliance with AML and CTF principles, and enhance transparency and the efficient functioning of the factoring market.

Law No. 239/2025 on establishing certain measures for the recovery and optimization of public resources, and for amending and supplementing certain normative acts ("Law No. 239/2025"), part of the “Package II” of fiscal-budgetary reforms, was published in the Official Gazette of Romania, Part I, no. 1160 of December 15, 2025, and entered into force on December 18, 2025.

Hungary’s bespoke validation regime for crypto-asset exchanges entered into force on 27 December, making it illegal to execute crypto-to-fiat or crypto-to-crypto exchanges without a prior declaration of conformity issued by a licensed validator. The obligation stems from amendments to Hungary’s Crypto Act (Act VII of 2024) and the implementing Decree 10/2025 (X.27.) of the Supervisory Authority for Regulated Activities (SARA), which together create a new, transaction-level “validation” gatekeeper for exchanges. In parallel, Hungary has adopted criminal law provisions penalising both the provision and the use of unauthorised exchange services when validation is required, sharpening legal risk for service providers and users once the regime applies.

On 20 November 2025, the Albanian Data Protection Commissioner (“Commissioner”) adopted Instruction No. 07/2025 “On the Protection of Personal Data in the Written, Electronic and/or Audiovisual Media and the Exemptions for Special Processing Purposes” (“Instruction No. 7”), a regulatory act that aims to reshape the legal relationship between freedom of expression and personal data protection in Albania.

On 24 December 2025, the latest amendment to the Government Decree on the Basic Regulations for Urban Planning and Construction Requirements (abbreviated as TÉKA in Hungarian) was enacted. This update is part of a broader legislative effort addressing the placement and permitting of wind turbines and wind farms, alongside revisions to the Electricity Act, its implementing regulations, and the Hungarian Architecture Act.

In March 2024, the European Union adopted a new set of amendments to both the Markets in Financial Instruments Directive, commonly known as MiFID II, and the related Markets in Financial Instruments Regulation (MiFIR), as part of the Capital Markets Union agenda. The two instruments operate together and form the core of the EU framework governing trading venues, investment firms and market transparency. The latest amendments are designed to improve the availability and quality of market data, enhance market resilience during periods of stress, and simplify certain regulatory requirements that were widely viewed as inefficient in practice. While the MiFIR amendments apply directly across the EU, Member States had to transpose the revised MiFID II into national law by 29 September 2025. Hungary has adopted national measures aimed at implementing the amended directive.

Michal Dobrowolski (45) has about 20 years of transaction experience in M&A and private equity. bpv Huegel continues its strong, dynamic growth in M&A and private equity with this team expansion.

RTPR has assisted Proinvest Group SRL in relation to the sale of the insulating panel division to Lattonedil S.p.A., a leading Group in Europe in the production and marketing of insulating panels.

RTPR advised AROBS Transilvania Software, an important Romanian company that provides software services and solutions in various industries and the largest tech company listed on the Bucharest Stock Exchange, on the acquisition of majority stake in Global Engineering Services & Solutions S.R.L.

The law firm bpv Huegel provided comprehensive support to NÖM AG during its merger with Vorarlberg Milch.

The international sales process for the renowned Vienna Marriott Hotel at Parkring Vienna has been successfully completed with its acquisition by an international consortium of investors.

AIR ARABIA WAS FOUND COMPLIANT DURING A RECENT PROCEDURE OF PROTECTION OF PERSONAL DATA ACROSS THE EU

bpv Huegel successfully advised RWA Raiffeisen Ware Austria Aktiengesellschaft (RWA) on the sale of its share in AUSTRIA JUICE GmbH to AGRANA Beteiligungs-Aktiengesellschaft.

RWA eGen completes the purchase of shares in RWA AG from BayWa AG. The acquisition financing was structured and provided by Raiffeisen Bank International AG.

bpv Huegel is delighted to appoint Johannes Mitterecker as a partner. He works in the Corporate Law/M&A practice group and specialises in M&A transactions, restructuring and sports law.

RTPR has assisted the syndicate of banks in connection with a RON 3.1 billion syndicated loan granted to Electrica.

From the 1st May, 2025 Markian Malskyy becomes the new managing partner of ARZINGER, replacing Timur Bondaryev, founding partner. Timur Bondaryev has held this position almost ever since the firm was founded 23 years ago and, together with other partners, has built a strong legal brand.

This makes bpv Huegel’s tax practice top-ranked in Chambers Europe. This confirms the leading position of bpv Huegel in tax law advice.