CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Can one or more of a company's shareholders claim that a transfer of shares to third parties by other shareholders is null, even if the claimants were not interested in acquiring those shares? And when faced with such a claim, would Romanian courts rule in favour of the claimant? A recent court ruling has answered both questions with a resounding "yes", opening new horizons in M&A-related matters in Romania.
Clifford Chance has advised Eiffel Transition Infrastructure on the joint venture with Optima Wind to establish WindLight. Dentons advised Optima Wind.
Greenberg Traurig has advised KI Chemistry on further acquisitions of shares in Ciech to reach over 95% of voting rights in the company.
Stratulat Albulescu, working with Taylor Wessing, has advised the Mitel Group on its acquisition of Unify from the Atos Group. Garrigues and Mattos Filho reportedly advised Mitel as well. The French office of Baker McKenzie reportedly advised Atos.
B2RLaw has advised Everfield UK Limited on its acquisition of Polish worktime planning software company Grafik Optymalny.
The amendment to the Code of Commercial Companies (CCC), which came into force on 15 September 2023, introduced the possibility of dividing commercial companies by separation – that is, in essence, the creation of subsidiaries within which property can be transferred using the principle of general succession. A number of changes have also been introduced with regard to international and domestic mergers.
Schoenherr, working with Hamburg's Lawentus, has advised Frankfurt-listed Beta Systems Software on the full acquisition of Polish software company InfiniteData from its founders. Domanski Zakrzewski Palinka reportedly advised the sellers.
