Dentons and Gessel have advised the founders of Profitroom and the Cyber_Folks company respectively on the agreement to sell a 65% stake in Profitroom to the MCI Capital ASI SA fund. Dubinski Jelenski Masiarz reportedly advised the buyer.
MFW Fialek Advises Play Group on Acquisition of Miconet
MFW Fialek has advised the Play Group on its acquisition of Polish telecommunications company Miconet. MJH Moskwa Jarmul Haladyj reportedly advised Miconet.
Dorda and Wolf Theiss Advise on IXOPAY Merger with TokenEx
Dorda, working with Wilson Sonsini, has advised fintech company IXOPAY and shareholders Rene and Nathalie Siegl on the merger with US cloud tokenization provider TokenEx. Wolf Theiss, working with US-based Morris Manning & Martin, advised TokenEx.
Albanian New Law on Gambling
On 15 February 2024, the Albanian Parliament adopted law no. 18/2024 “On some amendments and addendums on law no. 155/2015 ‘On gambling in the Republic of Albania’, as amended” (the “Gambling Law”). The amendment overturned a five-year ban on sports betting activities in Albania and entered into force on 27 March 2024.
The Court of Justice Clarified the Power of the National Data Protection Authority
Based on a Hungarian case, on 14 March 2024 the Court of Justice ruled that the supervisory authority of a Member State, to ensure that the GDPR is fully enforced, may order the erasure of unlawfully processed data even if prior request by the data subject has not been submitted. Such erasure may cover data collected from the affected person and data originating from another source.
CMS Appoints 12 New CEE Partners in 54-Strong Global Promotion Round
The most recent promotion round at CMS saw 54 lawyers promoted to the firm's partnership ranks, including Austria-based Daniela Kroemer, David Kohl, Florian Mayer, Kai Ruckelshausen, Lukas Peissl, Marlene Wimmer-Nistelberger, and Sonja Otenhajmer, Bulgaria-based Jenia Dimitrova, Hungary-based Agnes Solyom, Eszter Torok, and Katalin Horvath, and Poland-based Tomasz Sancewicz.
Walless Advises Typhoon Wealth Group on Acquisition of Ambr Payments
Walless has advised the Typhoon Wealth Group Limited on its acquisition of Lithuania's Ambr Payments.