Wolf Theiss, working with Ropes & Gray, has advised IT services company Virtusa on its acquisition of Bulgarian digital innovation, automation, and seamless integration specialist Bright Consulting.
Vulic Law Advises International Finance Corporation on EUR 160 Million Financing for Drenik ND
Vulic Law, working with Gide, has advised the International Finance Corporation on its EUR 160 million financing for Serbia's Drenik ND. Wolf Theiss's Hungarian office reportedly advised the IFC as well.
Czech Republic: The Consolidation Package and its impact on Labour Law and HR
As of 1 January 2024, a significant portion of the Consolidation Package (Act No. 349/2023 Coll.) came into effect. However, certain modifications introduced by the Consolidation Package in the field of labour law have not yet been fully implemented in practice, while some other notable changes will take effect from 1 July 2024. In our article, we outline key changes and highlight areas for which there are further legislative revisions in the pipeline.
Harrisons, Maric & Co, Lambadarios, Wolf Theiss, and Selih & Partnerji Advise on EUR 1.7 Billion United Group Refinancing
Harrisons, Maric & Co, Lambadarios, and Wolf Theiss, working with Linklaters, have advised a banking consortium led by UniCredit Bank London on the United Group's EUR 1.7 billion issuance of four tranches of senior secured and PIK notes as well as on the increase and extension of its EUR 410 million revolving credit facility. Selih & Partnerji, working with Paul Weiss, advised the United Group. Schoenherr, Koutalidis, De Brauw Blackstone Westbroek, and Elvinger Hoss Prussen reportedly advised the United Group as well.
Did You Know: 2023 Leaderboards in Bosnia and Herzegovina, Moldova, Montenegro, North Macedonia, and Slovenia
Did you know that, using the Activity Rankings function of the CEELMDirect website, you can look up the 2023 deal leaderboards in each CEE market, including Bosnia and Herzegovina, Moldova, Montenegro, North Macedonia, and Slovenia?
Life Sciences Bulletin: Recent notable changes to life sciences regulation in Hungary
A reorganisation of the authorities regulating the pharma sector and new legislative pieces have brought notable changes to the life sciences sector in Hungary.
Did You Know: The 2023 Lawyer and Firm Leaderboard in Romania
Did you know that, according to the Activity Rankings function of the CEELMDirect website, a total of twenty law firms and seventeen individual lawyers worked on five or more reported Romanian client matters in 2023?
Wolf Theiss Advises Real Estate Development on River Park Sofia Project
Wolf Theiss has advised the Real Estate Development company on the development of the River Park Sofia project.
European Commission Proposes Five Substantial Initiatives to Enhance EU Economic Security
Once implemented, those initiatives will require significantly more efforts from parties involved in trade and foreign investments to ensure regulatory compliance. The pursued security aims will lead to enhanced monitoring, assessments and controls being put in place, which will have to be factored into a reframed regulatory compliance approach by affected parties.
Wolf Theiss and Cobalt Advise on ACP Credit EUR 10 Million Loan to Mogo IFN
Wolf Theiss and Cobalt have advised Accession Capital Partners Credit on a EUR 10 million credit facility granted to Mogo IFN.
Wolf Theiss, BCGL, and D&B David and Baias Advise on Symfonia Acquisition of Romania's Softeh Plus
Wolf Theiss and Balicki Czekanski Gryglewski Lewczuk have advised MidEuropa Partners and Accel-KKR portfolio company Symfonia on its acquisition of Softeh Plus. PwC Legal Romanian affiliate D&B David and Baias advised the shareholders of the Romanian software company.
Changes to Hungarian Employment Law in 2024
This year several employment law rules of practical relevance will change in Hungary. These changes will have different entry into force dates, and are all briefly summarised below.
Employment Brief: New Rules on Platform Work in Croatia
Changes to the Croatian Labor Act, governing work for digital platforms, took effect on January 1, 2024. Croatia opted to regulate platform work before the formal adoption of the EU Platform Work Directive. What are the main novelties?
The Debrief: January 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Austria: The Start-Up Promotion Act (Start-Up-Foerderungsgesetz)
At the end of May 2023, the Austrian Ministry of Finance issued a new draft law. The Start-Up Promotion Act is intended to create a new regulation for start-up employee shareholdings that should apply to shares surrendered on or after January 1, 2024.
Did You Know: 2023 International and Domestic Law Firm Leaderboards
It was another strong year for the leading law firms in Central and Eastern Europe, which, combined, worked on over a thousand deals and other client matters across the region reported on by CEE Legal Matters this year. According to the Activity Rankings function of the CEELMDirect website, Clifford Chance, which worked on an impressive 95 CEELM-reported CEE client matters in 2023, led the international firms in the region, with Schoenherr, which worked on 90, close behind. Dentons (82), CMS (71), Wolf Theiss (65), Cobalt (66), Kinstellar (50), White & Case (45), and Allen & Overy (42) took notable places on the leaderboard as well.
Wolf Theiss and DLA Piper Advise on DRIM Daniel FMCG Sale to Zabka Polska
Wolf Theiss has advised the shareholders of Romania's DRIM Daniel FMCG on the sale of their majority stake in the company to Polish retail company Zabka, part of CVC Capital Partners. DLA Piper advised buyer Zabka Polska.
Ondrej Benes Joins Wolf Theiss as Head of Employment in Prague
Former Eversheds Sutherland Counsel Ondrej Benes has joined Wolf Theiss as a Counsel and Head of the firm's Employment team in Prague.