Dentons has advised a club of banks led by Erste Group Bank on the refinancing of the Tristone Flowtech Group. Freshfields Bruckhaus Derringer reportedly advised Tristone Flowtech.

Based on the new Act on Support During Short-Time Work, also known as Kurzarbeit, the employers’ new permanent support scheme will apply as of January 1, 2022, in Slovakia. The basic aim of the new regulation is to compensate employers financially for temporary loss of working hours and thereby preserve employment. Kurzarbeit can be applied if an employer is forced to reduce its operational activities due to temporary external factors beyond its control that have a negative economic impact on its business, particularly the declaration of a state of emergency, state of crisis, or force majeure. Furthermore, the Kurzarbeit allowance applies only in case at least one-third of the employer’s workforce is not assigned work for at least 10% of their working hours.

Havel & Partners has advised Slovakia’s Deposit Return System Administrator on the setup, implementation, and January 2022 launch of the disposable beverage packaging deposit return system.

Dentons has successfully represented nine members of a Slovak Romani community before the District Court Kosice II, on a pro bono basis, in a seven-year dispute regarding their forced eviction.

Eversheds Sutherland has advised Gutsverwaltung Illmau company SVK Invest on its acquisition of Dan Agro Holding from Slovakian Field Invest, also advising Raiffeisenbank Waldviertel Mitte on financing the transaction. KPMG Legal advised the seller.

CMS has advised the MOL Group on its sale of 185 service stations located in Hungary and Slovakia to PKN Orlen for a total of USD 259 million. Baker McKenzie advised PKN Orlen.

The still ongoing pandemic and its impact on the economic environment occupy governments all over the world. In Slovakia, several measures have been adopted by legislative bodies since its outbreak last year mainly in the area of financial aids and business loans. Moratoriums have also impacted the positions of banks and other creditors demanding their claims against debtors.

When it comes to politics in Slovakia, due to fast-paced developments and the presence of social media, there is frequently a 'major' crisis lasting only a few days, to then be replaced by a new one, says Majernik & Mihalikova Partner Ivan Kormanik.

Former Senior Associate Andrea Cupelova, Co-Head of the Employment Law department at Taylor Wessing, has been promoted to Partner.

Former Squire Patton Boggs Of Counsel Stanislav Durica has joined Dentons as a Partner in Bratislava and will lead the office's Employment and Labor practice.

Eversheds Sutherland has advised Hartenberg Capital on its minority stake divestiture and agreement with CVC Capital Partners for a co-controlling holding in FutureLife.

CMS has advised Slovakia's Nafta International on the buyout of its joint venture partner Cub Energy to become the sole owner of the Ukrainian company holding a license for the exploration and production of hydrocarbons near Uzhhorod.

DLA Piper has advised Michelin on its acquisition of Cemat. Havel & Partners advised Cemat on the deal.

On October 5, 2021, CEE Legal Matters reported that Dentons had provided pro bono advice to the non-profit organization Spolocnost Jaromira Krejcara to protect the cultural heritage site of the former Machnac spa house in Trencianske Teplice, Slovakia. CEE In-House Matters spoke with Martin Zaicek, Director at Jaromir Krejcar Society, to learn more about the matter.

Norton Rose Fulbright, Krehic & Partners, and Magnusson have advised Inter Cars on the extension, increase, and reorganization of senior facilities in the aggregate amount of PLN 1.84 billion. Clifford Chance advised the financing consortium.

Contributed by Squire Patton Boggs.

Havel & Partners has advised Credo Ventures and Earlybird Digital East Fund as well as Slovak start-up Photoneo on its USD 21 million investment round.

Kocian, Solc, Balasitk has advised Titans Freelancers on the acquisition of a 75% stake in Bridgewater from Topelex and Jakub Konecny. Reportedly, Evan Advokatni Kancelar advised Topelex and Cerha Hempel advised Jakub Konecny.