CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
White & Case has advised dealers Bank Polska Kasa Opieki, BNP Paribas, BofA Securities Europe, Citigroup Global Markets Europe, and JP Morgan on the establishment of Bank Pekao's EUR 5 billion program for the issuance of medium-term eurobonds and first EUR 500 million issuance of 5.5% fixed-to-floating green bonds maturing in November 2027. Baker McKenzie advised Bank Pekao.
Baker McKenzie has successfully represented Google before the Court of Justice of the European Union in challenging the Austrian Communication Platforms Act, which it describes as "far-reaching content moderation legislation" aiming to regulate "large online platforms established in other EU member states."
CMS has advised coordinator and facility agent Raiffeisen Banking Group on the EUR 600 million nine-banking-group club multicurrency revolving credit facility for the MOL Group. Baker McKenzie advised the MOL Group on the deal. CMS also acted as transaction counsel on MOL's JPY 14.6 billion bilateral revolving credit facility and its EUR 50 million bilateral EUR/CNY revolving credit facility.
Baker McKenzie has advised Blank and its founders on an investment from Neowiz. SSW Pragmatic Solutions reportedly advised Neowiz on the deal.
Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.
Amid reports of substantial volumes of foreign exchange proceeds going unreceived under certain export transactions, the National Bank of Ukraine (NBU) has taken steps to shorten the mandatory settlement deadlines for the export of certain agricultural products.
Baker McKenzie has advised Deutsche Telekom IT Solutions on its headquarters relocation to the Hungarian Telekom building in Budapest. DLA Piper advised developer WING on the lease.
Baker McKenzie has successfully represented the interests of Minova Ekochem before the Supreme Court of Poland regarding a competition case.
The forthcoming Consumers' Rights Protection Law ("Law") in Ukraine, scheduled to take effect on 7 July 2024 (contingent on the cancellation of martial law in Ukraine), is poised to harmonize Ukrainian consumer protection legislation with key EU norms. This new Law aims to modernize consumer protection requirements, especially in the e-commerce context.
On 19 September 2023, the Cabinet of Ministers of Ukraine and the National Bank of Ukraine adopted Regulation No. 1011, introducing a comprehensive methodology ("Methodology") to identify the ultimate beneficial owners (UBOs) of legal entities in Ukraine. This significant development aims to enhance transparency and provide detailed guidance on the process of identifying UBOs, with the ultimate goal of ensuring that legal entities in Ukraine are able to correctly identify UBOs within their ownership structure and disclose this information to the competent authorities.
Effective from 2 October 2023, Ukraine has ushered in a series of substantial amendments to its Advertising Law, aimed at modernizing advertising regulations and harmonizing them with the EU Audiovisual Media Services Directive.
Stratulat Albulescu, working with Taylor Wessing, has advised the Mitel Group on its acquisition of Unify from the Atos Group. Garrigues and Mattos Filho reportedly advised Mitel as well. The French office of Baker McKenzie reportedly advised Atos.
Baker McKenzie has advised Europejski Fundusz Leasingowy on its PLN 340 million bond issuance as part of the company's PLN 2 billion issuance program. The firm also advised dealer and issuance agent mBank.
Baker McKenzie has advised Echo Investment Group companies Grupa Archicom, Echo Investment, and DKR Echo Investment on offering 10 million new shares in Archicom and DKR's sale of 6.1 million existing shares. The PLN 220 million transaction was managed by the PKO BP Brokerage Office.
With a potential WeWork restructuring on the horizon, this article explores some issues landlords may face under their WeWork leases, with a focus on how courts in Poland might address them.
Baker McKenzie has successfully represented Operator Gazociagow Przesylowych Gaz-System before the General Court of the European Union in a dispute concerning a decision of the Board of Appeal of the European Union Agency for the Cooperation of Energy Regulators.
Greenberg Traurig has advised Cyfrowy Polsat on the issuance of sustainability-linked series E bonds with an aggregate nominal value of PLN 820 million. Baker McKenzie advised the Trigon Brokerage House, Bank Pekao, and Santander Bank Polska on managing the issuance.
On 12 September 2023, the President of Ukraine signed Law No. 5431 "On Amendments to Certain Legislative Acts of Ukraine to Improve the Activities of the Antimonopoly Committee of Ukraine" ("Law"), which launches a reform of Ukrainian competition law. The Law will enter into force on 1 January 2024.
Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.
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.