CEE Legal Matters
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On 9 April 2025, Law of Ukraine № 4292-IX "On Amendments to the Civil Code of Ukraine on Strengthening the Protection of Rights of Bona Fide Purchaser" (Law No. 4292-IX) came into force. A bona fide purchaser is a person who acquired property under а repayment contract from another person who had no right to alienate it, provided that the purchaser did not know and could not have known about this.
Reals has advised Conseq Realitni on the sale of the former brewery in Prague’s Holesovice district, known as A7 Office Center. Steinwicht reportedly advised the buyers.
Clifford Chance has advised Finep on the sale of its Stodulky Residential rental project to Reico Nemovitostni. Wilsons reportedly advised Reico Nemovitostni.
BBH has advised PPF Real Estate on a joint venture with Michal Strnad aimed at acquiring the Four Seasons Hotel in Prague.
Greenberg Traurig has advised Merity on the acquisition of a real estate property located near the S8 motorway, close to Warsaw. Deloitte Legal advised Panattoni on the development side of the deal.
Legal Ground and 360Competition have advised APS Holding on its acquisition of IMO Property Investments Bucharest and its portfolio from Eurobank. Schoenherr reportedly advised Eurobank.
On 9 April 2025, Law of Ukraine No. 4292-IX On Amendments to the Civil Code of Ukraine on Enhancing the Protection of Bona Fide Owner's Rights (the "Law") came into force. The Law aims to enhance the protection of bona fide owners' rights by establishing a time limit for the reclamation of real estate of such bona fide owners and providing compensation to them for such reclamation.
