The Parliament of Montenegro has adopted again the Law on Amendments to the Companies Act with 43 votes in favor, at the extraordinary session of the Parliament held on January 19, 2024, and the Amendments entered into force on January 23, 2024.
Key Milestone in Corporate Governance Reform: Ukraine Enacts Long-Awaited Law on the Further Liberalisation of the SOE Sector
On 8 March 2024, the Law of Ukraine “Introducing Amendments to Certain Laws of Ukraine on the Enhancement of Corporate Governance” (the “Law” or the “SOE Law”) entered into force. This Law is a significant step towards the alignment of the Ukrainian legal framework for state-owned enterprises (“SOEs”) with international best practices, particularly the OECD Guidelines for Corporate Governance of SOEs (“OECD Guidelines”).
Miklos Klenanc Joins Schoenherr To Lead Budapest M&A Practice
Miklos Klenanc – a former Attorney at Law with PwC Legal in Hungary – has joined the Budapest office of Schoenherr as a Senior Attorney at Law to lead the firm's local M&A practice.
KWKR and Dentons Advise on Software Mind Financing and Acquisition of US-Based Prosoft
KWKR, working with Lippes Mathias, has advised Software Mind on obtaining a PLN 150 million financing from BNP Paribas Bank Polska and the subsequent acquisition of US-based company Prosoft in a transaction valued at almost USD 50 million. Dentons advised the lender. Schoenherr, working with Roetzel & Andress, reportedly advised on the loan agreement as well.
Kinstellar and Moore Legal Advise on Genesis Capital's Acquisition of GAF
Kinstellar has advised the Genesis Private Equity Fund IV on the acquisition of a majority stake in Czech specialized metal product manufacturer GAF. Moore Legal advised Ludek Fofonka on the sale.
Vukmir & Associates and BMWC Advise on Sale of Ludwig Pfeiffer Adria
Vukmir & Associates, working with the German offices of Taylor Wessing, Reimer Rechtsanwaelte, and White & Case, has advised Ludwig Pfeiffer Hoch- und Tiefbau on the hive-down of all Croatian assets to the newly established Ludwig Pfeiffer Adria and its full sale to Croatian construction companies AMM and Vodoprivreda Vinkovici. Bradvica Maric Wahl Cesarec Skerlev advised the buyers.
Brief M&A Notes Entering 2024
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