Schoenherr has advised Borealis AG on the agreement to purchase Bulgarian polyethylene and polypropylene recycler Integra Plastics. Boyanov & Co and CMS reportedly advised on the deal as well.
BCGL Advises Symfonia on eDokumenty and MoreBIT Acquisitions
Balicki Czekanski Gryglewski Lewczuk and, reportedly, Dotlaw have advised Symfonia on its full acquisition of eDokumenty and acquisition of a 51% stake in MoreBIT.
Radovanovic Stojanovic & Partners and Komnenic & Partners Advise on Tuplex Group Acquisition of Materia
Radovanovic Stojanovic & Partners has advised Polish Tuplex Group member TI Holding on the acquisition of all shares in Montenego's Materia. Komnenic & Partners represented a private stakeholder in the sale of Materia.
The EU Takes a Tough Stance on Foreign Subsidies
Under the EU's Foreign Subsidies Regulation (FSR), companies must notify the European Commission in advance of certain acquisitions, mergers or large public procurement transactions if the groups of companies involved have received financial contributions from outside the EU. Compiling the notification and gathering the necessary information can be a heavy administrative burden for companies, and failure to do so can result in fines of up to 10% of the group's worldwide turnover.
Clifford Chance Advises Ceska Sporitelna on Financing Oriens Group's Acquisition of Sanborn
Clifford Chance has advised Ceska Sporitelna on the financing for the acquisition of Sanborn by Czech Machining Holding, a direct subsidiary of the Oriens Fund III SCSp.
More Financial Information to be Disclosed by Hungarian Companies in the Register
In order to boost corporate lending and thus increase economic competitiveness, the legislator recently implemented changes to the Hungarian Companies Act. From 1 January 2024, companies will have to provide additional information about the finances of the company in the registration or modification procedures. In this article, we summarize the new rules and the related deadlines.
Rymarz Zdort Maruta and Gessel Advise on MCI Capital's Acquisition of Webcon
Rymarz Zdort Maruta has advised an MCI Capital fund on the acquisition of Webcon. Gessel advised the sellers.