Since COVID, we have been living with a rule that makes the acquisition of ownership by foreigners in certain Hungarian companies operating in strategic sectors subject to government approval. Although we can no longer speak of a state of emergency, the rule is expected to stay with us for long – albeit with several modifications along the way, as happened in January this year.

Gessel has advised Poland's Elemental Strategic Metals on forming a joint venture with US-based Ascend Elements to recycle lithium-ion batteries and production waste from battery factories in Poland and other European countries. The Iurico Law Office advised Ascend Elements.

Rymarz Zdort Maruta has advised Dutch company Northland Power International Holdings on its joint venture with Energa Wytwarzanie to provide asset management services through the newly established Baltic Offshore Service Solution company.

Kambourov & Partners, working with Latham & Watkins, has advised Triton Partners on local aspects of the carve-out and acquisition of Siemens Energy’s Trench high-voltage component business. Baker McKenzie advised Siemens Energy. White & Case advised a syndicate of banks and financial institutions on financing the acquisition.

WKB Lawyers has advised Euroklimat on its acquisition of Instal Bud Pecyna.

Stratulat Albulescu has advised the founders of Romanian automated cybersecurity solutions provider Coda Intelligence on the sale of the company to PDQ. Kirkland & Ellis reportedly advised PDQ.