CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Paksoy, working with Cleary Gottlieb Steen & Hamilton, has advised Solventum on the approximately USD 4 billion sale of its purification and filtration business to Thermo Fisher Scientific.
Dentons has advised J&T Banka on the extension of a EUR 84 million loan to a GTC Group company for the refinancing of the Galeria Polnocna shopping center in Warsaw. Greenberg Traurig reportedly advised GTC.
On 13 August 2025, the Cabinet of Ministers of Ukraine (CMU) approved tenders for production sharing agreements (PSA) and the respective conditions for two oil and gas blocks:
Dentons has advised Heimstaden on a EUR 110 million revolving financing provided by ING Bank Slaski and Santander Bank Polska to refinance six residential projects in Warsaw and Krakow. ING Bank Slaski acted as facility agent. CMS advised ING Bank Slaski and Santander Bank Polska.
Dentons has advised DRI, part of the DTEK group, on a EUR 60 million green loan from UniCredit and Garanti BBVA to finance the construction and operation of a 126-megawatt-peak solar park in Vacaresti, Romania. Clifford Chance advised UniCredit Bank and Garanti BBVA.
Turkiye’s defense industry is undergoing a major shift, with accelerated domestic innovation, exports, and growing geopolitical relevance. Bezen & Partners Partner Aykut Bakirci, AECO Law Partner Emre Atayilmaz, Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership Partner Kagan Dora, and Cakmak Partner Zeynep Cakmak discuss the sector’s transformation.
Recently, due to the current economic climate in Turkiye, we have observed that the Ministry of Treasury and Finance has been making efforts to minimize tax loss and evasion, enhance voluntary compliance, and thereby increase tax collection. As part of this broader fiscal strategy, tax audits have increased significantly, spearheaded by both the Tax Inspection Board and the Revenue Administration’s provincial units. In addition, tax authorities are increasingly vigilant, introducing a range of proactive and preventive audit mechanisms designed to increase voluntary compliance without necessarily resorting to lengthy and burdensome audits.
ZSP Advokati, working with Dentons, has advised Erste Banka Srbija Novi Sad on a refinancing facility for the Big Fashion retail park, part of the BIG CEE group.
Dentons has advised the Board of Directors of Purcari Wineries on the RON 604 million public takeover bid launched by Maspex Romania. Schoenherr advised the founders of the winery. CMS, working with Turcan Cazac and Georgiades & Pelides, advised Maspex. Norton Rose Fulbright advised PKO Bank Polski on a loan facility to Maspex Romania to support the acquisition.
Dentons has advised Piraeus Bank on two financing transactions totaling EUR 106 million to support the development of photovoltaic projects by Metlen Energy & Metals in Romania.
Dentons has advised mBank on a PLN 130.5 million (approximately EUR 30.7 million) financing package, including an investment loan, granted to BXF Energia for the development of the Azalia photovoltaic farm, with a planned capacity of up to 60 megawatts, located near Rzeszow, Poland. DZP advised BXF Energia.
Kinstellar has advised Halyk Bank on a USD 237 million partnership with Click. Dentons reportedly advised Click.
Dentons has advised the founders of Adastra Group on the sale of a majority stake in the company to global investment firm Carlyle. Clifford Chance, working with Latham & Watkins and Ropes & Gray, advised Carlyle.
Schoenherr has advised HPI GMA, operating under the Trasti brand, on a EUR 21 million equity investment from the European Bank for Reconstruction and Development and Zavarovalnica Triglav. Dentons advised EBRD and Triglav. DLA Piper reportedly also advised Triglav.
Dentons' Turkish affiliate of Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership has advised AKA European Export Trade Bank on a EUR 76.7 million financing facility provided to Ecogreen Enerji Holding.
In a significant move towards economic recovery and strategic growth, Ukraine and its international partners have launched several finance initiatives aimed at mobilizing capital and transforming critical sectors. These efforts, including the United States-Ukraine Reconstruction Investment Fund and other programs announced in 2025, showcase a commitment to rebuilding Ukraine through blended finance models. This article explores these developments and their implications for Ukraine’s future.
Dentons and its Turkish affiliate Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership have advised a syndicate of lenders, including Mizuho Bank, Mashreqbank, Sumitomo Mitsui Banking Corporation, and HSBC Bank Middle East Limited, among others, on the renewal of QNB Bank’s USD 600 million sustainability multi-tranche term loan facility.
Dentons and its Turkish affiliate Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership have advised a syndicate of lenders, including Emirates NBD Bank, HSBC Bank, Mashreqbank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation, among others, on the renewal of Yapi ve Kredi Bankasi's dual currency sustainability term loan facilities totaling USD 703.5 million and EUR 407.4 million.
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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.