CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Norton Rose Fulbright, working with Ontier Espana and Tegos, has advised Sun Invest Group on a EUR 32.5 million financing provided by Nord/LB for the acquisition, construction, and operation of a portfolio of 32 photovoltaic projects in Poland. Dentons advised the lenders.
Dentons has announced the appointment of eight Europe Sector Leaders for a three-year term from 2026 to 2028, including Istanbul-based Europe Consumer Products Sector Leader Partner Dogan Eymirlioglu and Warsaw-based Europe Technology, Media, and Telecommunications Sector Leader Partner Karol Laskowski.
Dentons has advised Manova Partners on a long-term lease agreement with Lidl Ceska Republika for the relocation of Lidl’s regional headquarters to the Aviatica building within the Waltrovka office complex in Prague. Schoenherr reportedly advised Lidl.
With wartime pressures reshaping Ukraine’s industrial and regulatory priorities, CMS Managing Partner Vitaliy Radchenko, Dentons Partner Volodymyr Monastyrskyy, Kinstellar Partner and Head of Defense and Security Daniel Bilak, and Hillmont Partners Senior Partner Valentyn Zasukha outline how the newly introduced Defense City regime aims to modernize Ukraine’s defense-industrial base.
The Slovak framework for the reimbursement of medicines from public health insurance funds rests on a combination of a general rule and a flexible exception. Under the general rule, medicines are assessed under cost-effectiveness criteria and, if they do not exceed the relevant threshold value for a Quality-Adjusted Life Year, placed on a list of reimbursed medicines. However, even if they choose not to apply for general reimbursement or do not meet the criteria, they can still be reimbursed on the basis of individual exceptions granted by health insurers for the treatment of specific patients.
On Tuesday, February 11, 2026, the General Court of the European Union published a judgment on Polish regulations making VAT deductible only upon receipt of an invoice (case T-689/24, I. S.A. v. Director of National Revenue Administration). The EU Court ruled that these regulations are contrary to the EU VAT directive, and the principles of neutrality and proportionality of value added tax.
Dentons and its Turkish affiliate law firm of Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership have advised Sisecam on a rule 144A/reg S issuance of USD 500 million 8.375% guaranteed notes due 2033. Paksoy, working with Linklaters, reportedly advised lead managers BNP Paribas, Citi, J.P. Morgan, and Emirates NBD Capital.
DLA Piper has advised Upvest on the fundraising relating to the Nova Amerika mixed-use development in Brno by Crestyl. Dentons and, reportedly, White & Case advised Crestyl.
Dentons has advised mBank on the financing of the Kamelia photovoltaic project developed by Budimex through its subsidiary Fotowoltaika HIG XIV. DZP advised Budimex.
13 law firms and a team of in-house counsel competed in CEE Legal Matters' 2026 Charity Bowling Tournament that took place in Bucharest on February 12, 2026.
Dentons has advised Ceska Sporitelna, Ceskoslovenska Obchodni Banka, and Komercni Banka on the CZK 24 billion (approximately EUR 1 billion) financing for CEPS. EY Law advised CEPS.
Dentons has advised the joint venture between Cornerstone Investment Management and EFF on a unitranche financing facility provided by P Capital Partners to refinance the V Tower office building in Warsaw. Clifford Chance advised P Capital Partners.
Ukraine has formally launched an Interdepartmental Commission on the Screening of Foreign Direct Investment (FDI), marking an important institutional step toward a structured, transparent approach to assessing how foreign investments may affect national security—particularly under conditions of martial law.
Denotns and its Turkish affiliate law firm Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership have advised Anadolubank on the private placement of three series of senior unsecured notes in an aggregate principal amount of USD 250 million, with SFI Markets acting as the sole purchaser.
Schoenherr has advised UniCredit Bank Hungary on EUR 58.9 million in project finance facilities granted to Greenvolt Power, a subsidiary of Greenvolt Group, for the development of Project Buj. Dentons reportedly advised Greenvolt.
Ukraine’s legal landscape in 2025 witnessed several notable reforms that significantly improved the investment climate—from structural frameworks, like public-private partnerships and concessions, to economic liberalization and sector-specific incentives. Those considering long-term projects in Ukraine should take note of the reforms made in 2025 and also monitor the various initiatives currently underway that could have an effect on the investment environment in 2026.
In January 2026, Kinstellar announced that PPF Group's on sale of Home Credit Bank Kazakhstan to ForteBank (as reported by CEE Legal Matters on July 14, 2025) has now closed.
After years of overlapping shocks, the Polish real estate market has found a new normal, shaping how investors, developers, and lenders approach deals, pricing, and risk, according to Dentons Warsaw Partner Bartlomiej Kordeczka.
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Dentons is one of the leading law firms in CEE and Central Asia with offices in Warsaw, Prague, Budapest, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.