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As Ukraine advances on its path toward EU membership, few areas illustrate the intensity of legislative alignment as clearly as technology, media, and telecommunications (TMT). In recent years, Parliament has modernized media, consumer, data protection, and cybersecurity laws in line with EU standards. Yet the most consequential development now taking shape is a new law modeled on the EU Digital Services Act (DSA) – a framework that will fundamentally reshape how online platforms operate in Ukraine.

Allen Overy Shearman Sterling has advised AutoBinck Group on the sale of the Czech and Slovak divisions of Business Lease Group to KBC Group’s CSOB Leasing entities in the Czech Republic and Slovakia. Baker McKenzie advised CSOB.

Norton Rose Fulbright has advised Accession Capital Partners on its mezzanine and minority investment in Polmed, alongside INVL Private Equity Fund II and the International Finance Corporation. DZP advised the sellers of Kliniki Neuroradiochirurgii, the sale of which is supported by the financing. Hogan Lovells reportedly advised IFC as well. Baker McKenzie reportedly advised INVL. Kycia Legal and CMS reportedly advised the senior lenders. MJH Legal reportedly advised Polmed and the sponsors.

White & Case has advised InPost on its issuance of EUR 850 million high-yield bonds with an interest rate of 4.000% per annum, maturing in 2031. Baker McKenzie advised Banco Santander, Citigroup Global Markets Limited, and J.P. Morgan as initial purchasers of the issued bonds.

On October 2, 2025, CEE Legal Matters hosted its 6th Hungarian General Counsel Summit in the W Hotel Budapest, bringing together 141 in-house counsel, legal experts, and industry leaders from across Hungary.

Baker McKenzie and its Turkish affiliate law firm Esin Attorney Partnership have advised Turkiye Wealth Fund on a USD 1 billion Reg S Eurobond issuance offered in two tranches with maturities of 5.5 and 10 years. A&O Shearman and its Turkish affiliate law firm Gedik & Eraksoy advised the banks.

On May 22, 2025, the US House of Representatives passed the One Big Beautiful Bill Act of 2025, a comprehensive piece of legislation that includes Section 899 – a measure designed to push back against foreign tax policies seen as unfair to US businesses. This provision, if passed by the US Senate in unaltered form, could have significant consequences for Hungary, where taxes on foreign online platforms and digital advertising have already created friction with international firms. With no active tax treaty between Hungary and the US since January 1, 2024, the potential for heightened tax burdens looms large. This article explores how Section 899 could reshape the landscape for businesses operating across these two nations.

On 28 February 2025, the President of Ukraine signed the Law of Ukraine "On the Peculiarities of Regulating the Activities of Legal Entities of Certain Organizational and Legal Forms in the Transition Period and Associations of Legal Entities" No. 4196-IX, adopted by the Ukrainian Parliament on 9 January 2025 ("Law"). The Law will come into effect on 28 August 2025.

Cerha Hempel has advised Worthington Enterprises subsidiary Worthington Cylinders on the sale of its alternative fuels business to Norway-based Hexagon Composites. Baker McKenzie advised Worthington Enterprises. Saxinger advised Hexagon.

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In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

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