CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The current rules on foreign direct investments (FDI), which are already quite restrictive, will be tightened further from January next year: the current exemptions will be narrowed, and the Hungarian State will have a right of first refusal for solar power plant investments. The government is trying to address a long-standing and sensitive issue for domestic energy policy, while also affecting other non-renewable investments by tightening the exemptions.
Ellex Raidla has advised R8 Technologies on closing its 2023 investment round with the Panasonic Corporation, Encevo, and Moller Eiendom.
DLA Piper has advised the TMF Group on its acquisition of Contexpert, an accounting, inventory, taxation, and payroll services specialist in Romania.
Cytowski & Partners and Svoboda Koubkova have advised UltimateSuite on its sale to Service Now. Kinstellar, working with Covington & Burling, advised Service Now.
Gide has advised the Avallon MBO private equity fund on its acquisition of the MPPK Group.
Pohla & Hallmagi has advised Esteve on its acquisition of a Type LHM 550 Liebherr harbor mobile crane from Liebherr-MCCtec Rostock.
Squire Patton Boggs and 42Law have advised Inven Capital on co-leading the EUR 8.5 million series A investment round of Hydrogrid, alongside Karma Ventures. Cobalt advised Karma Ventures. Herbst Kinsky advised Hydrogrid.
