CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Dentons has advised Modus Asset Management on obtaining EUR 58 million in debt financing from BNP Paribas Bank Polska and PKO Bank Polski to finance and refinance the acquisition of a 93-megawatt portfolio of photovoltaic projects in Poland. CMS advised BNP Paribas Bank Polska and PKO Bank Polski.
Dentons has advised Heimstaden on the refinancing of the acquisition of two residential complexes in Warsaw – Heimstaden Bokserska and Heimstaden Grzybowska – via a EUR 47.2 million loan from Santander Bank Polska. CMS advised Santander Bank.
Dentons has appointed Ladislav Smejkal and Jiri Strzinek as Co-Managing Partners responsible for managing the Prague office and leading the firm’s strategy for the Czech market.
Ilej & Partners, in cooperation with Karanovic & Partners, and Dentons have advised the EBRD on its agreement with Croatia’s Mplus Group regarding a EUR 60 million investment for a 28.3% stake in M Plus Croatia. Mamic Peric Reberski Rimac and White & Case advised the Mplus Group, including M Plus Croatia and its majority shareholder Meritus Ulaganja.
Dentons has advised Globalworth on the EUR 145 million financing from Germany's Aareal Bank AG to refinance its obligations regarding the Skylight and Lumen office complex and the Hala Koszyki multifunctional facility in Warsaw. DLA Piper advised Aareal Bank.
Wolf Theiss has advised Deutsche Hypo-NORD/LB Real Estate Finance on the financing for Rysy Properties Limited's EUR 46 million acquisition of the Mokotow Nova office building in Warsaw from CCP III Netherlands Holding.
Dentons has advised the CEC Bank on raising EUR 162.6 million through a tap of its senior non-preferred MREL-eligible notes due February 2028. Clifford Chance advised the underwriting banks.
Dentons has advised DNB Bank and mBank on extending a revolving credit facility to Greenvolt Power. Reportedly, Osborne Clarke advised Greenvolt Power.
Schindler Attorneys, working with Finland-based Avance, has advised Triton on its acquisition of Caverion. Reportedly, Moalem Weitemeyer, Dentons, and Vinge advised on the transaction as well.
Gide Loyrette Nouel has advised the LDC Group company Drosed Holding S.A. on its acquisition of shares in Indykpol S.A. from Rolmex S.A. Dentons advised the seller.
Clifford Chance has advised Eiffel Transition Infrastructure on the joint venture with Optima Wind to establish WindLight. Dentons advised Optima Wind.
Dentons has advised Syntaxis Capital on its investment in the LuxVet Group. Tomczykowski Tomczykowska adivsed LuxVet Group investor Cornerstone Investment Management. SSW Pragmatic Solutions advised LuxVet.
Musat & Asociatii has advised Naxxar Renewable Energy on the sale of a 60% stake in the 685.6-megawatt Naxxar Wind Farm Four in Tulcea County to Polenergia, with an option for the remaining 40%.
Did You Know that the ten firms that have worked on the most client matters reported by CEE Legal Matters through Q3 of 2023 are equally divided between international and regional powerhouses? According to the Activity Rankings function of the CEELMDirect website, Magic Circle-member Clifford Chance, which has worked on a remarkable 66 deals reported by CEE Legal Matters in the first nine months of 2023, leads the pack, but Vienna-based Schoenherr is close behind with 64.
The primary focus for most in Slovakia right now – and the talk of the town this season – is the upcoming elections. According to Dentons Bratislava Managing Partner Peter Kubina, the elections have led to the markets going into somewhat of a maintenance mode, yet things stand to pick up the pace again as autumn progresses, with litigious activities taking center stage.
On September 20, 2023, PHH announced that Kommunalkredit's EUR 37.5 million financing for the 63-megawatt Senyo photovoltaic plant in Hungary – commissioned by Green Source and Core Value Capital – (reported by CEE Legal Matters on August 7, 2023) had closed.
Dentons has advised Enterprise Investors on the acquisition financing from Bank Pekao for its purchase of a significant minority share in Advanced Protection Systems. SSW Pragmatic Solutions reportedly advised the bank.
Dentons has advised the CPI Property Group on its EUR 635 million three-year bridge loan from Santander, Societe Generale, Komercni Banka, Raiffeisen, SMBC, Barclays, and Erste Bank to replace the group's existing loans related to its recent acquisitions of Immofinanz and S Immo. Linklaters reportedly advised the banks.
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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.