CEE Legal Matters

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  • Gessel Advises Creotech Instruments Public Offering of New Shares

    Gessel has advised Creotech Instruments on the public offering of its newly issued shares.

    According to Gessel, the offering attracted significant interest from both institutional and individual investors. “As a result, following the closing of the subscription, Creotech Instruments raised PLN 76 million. The proceeds will accelerate the company’s growth and support the implementation of its strategy, including a key agreement with the Polish Ministry of Defense for the Mikroglob program.”

    The Gessel team included Partner Krzysztof Marczuk, Managing Associate Magdalena Szeplik, Senior Associate Jakub Rowicki, and Associate Antonina Stepniewska.

    Gessel did not respond to our inquiry on the matter.

  • Timea Balazs Becomes Head of Legal and Compliance at Decathlon Hungary

    Decathlon Hungary Legal Counsel Timea Balazs has become the company’s new Head of Legal and Compliance.

    Balazs has been with Decathlon since 2017 when she joined as a Legal Counsel.

    “During my years at Decathlon, it became clear, how important it is to match your values with the values of the company you work for. A perfect match,” commented Balazs.

    Originally reported by CEE In-House Matters.

  • Kinstellar, Binder Groesswang, and FWP Advise on Limestone Capital’s Investment in Loisium Wine & SPA Hotels

    Kinstellar and Binder Groesswang, working with Jeantet, have advised LC Hospitality Holding on the acquisition of a 60% majority stake in Loisium Wine & SPA Holding via a share deal. FWP advised the seller – Soravia Group.

    LC Hospitality Holding is a subsidiary of Limestone Capital.

    Soravia Group is a real estate project developer in Austria and Germany.

    According to Kinstellar, the transaction, which closed on February 4, 2025, marks a significant milestone in the expansion of the Loisium brand, renowned for its blend of premium wine experiences and luxury spa retreats.

    The Kinstellar team included Partner Philipp Kapl.

    The Binder Groesswang team included Partners Thomas Schirmer, Markus Uitz, and Horst Lukanec, Counsels Sabine Apfl-Trompeter, Hellmut Buchroithner, and Alexander Kramer, Senior Associates Elena Rathmayr and Felix Fuith, and Associate Anna Talos.

    The FWP team included Partner Markus Fellner, Attorney at Law Peter Blaschke, and Associate Claus Wintersteller.

  • CMS Advises Revolut on Launch in Ukraine

    CMS has advised Revolut on the launch of its banking and financial services for Ukrainian customers.

    Revolut is a British and European challenger bank and fintech company. Founded in July 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut now operates in over 40 countries and serves more than 50 million users worldwide.

    The CMS team included Partner Ihor Olekhov and Olga Belyakova, Senior Associates Mykola Heletiy and Bohdan Ilchenko, and Associates Yaroslav Pavliuk.

  • Cerha Hempel and DGKV Advise on Semantic Web Company’s Partnership with Ontotext to Form Graphwise

    Cerha Hempel has advised the shareholders of Semantic Web Company and the company itself on a collaboration with Ontotext which resulted in the formation of Graphwise. Djingov, Gouginski, Kyutchukov & Velichkov advised Ontotext.

    According to Cerha Hempel, Graphwise is a company combining expertise in semantic technologies and knowledge management to strengthen Europe’s AI ecosystem – with a key focus on reducing the “hallucinations” of large language models.

    Semantic Web Company, based in Vienna, is a software and consulting firm in semantic technologies.

    Sofia-based Ontotext is a semantic graph database and knowledge-graph solutions company.

    The Cerha Hempel team included Partners Mark Krenn, Heinrich Foglar-Deinhardstein, and Boyko Gerginov, Senior Associates Alina Alavi Kia and Kalin Bonev, and Associates Bernhard Lichtneger and Lazar Georgiev.

    The DGKV team included Partners Georgi Tzvetkov and Valentin Bojilov and Associate Irina Mihailova.

  • Greenberg Traurig and Krassowski Advise on CCC’s Buyout of Minority Stakes in Modivo

    Greenberg Traurig has advised CCC on an agreement to acquire a minority stake in Modivo. Krassowski advised Modivo’s minority shareholder Orion 47 Damian Zaplata on the sale.

    According to Greenberg Traurig, the transaction involves CCC purchasing a 22.81% stake in Modivo for a total valuation of approximately PLN 1.41 billion. Under the conditional agreements, CCC will pay a purchase price of PLN 1.36 billion from the planned issue of up to 10 million shares, with an additional PLN 50 million to be paid via subscription warrants.

    The Greenberg Traurig team included Partner Rafal Sienski, Local Partner Mateusz Zalenski, Senior Associate Grzegorz Socha, and Associate Kamil Nagawski.

    The Krassowski team included Partner Krzysztof Makosz and Associate Julian Kwiatkowski.

    Editor’s Note: After this article was published, CMS announced that it advised A&R Investments Limited on the sale of a minority stake in Modivo to CCC. The firm’s team included Partner Ryszard Manteuffel, Counsel Robert Semczuk, and Associate Lukasz Duchinski.

  • CCAO Advises J.P. Morgan Securities on USD 140 Million Loan Provided to Petlim Limancilik

    CCAO, working with Linklaters, has advised J.P. Morgan Securities on a USD 140 million loan to Petlim Limancilik. Vinson & Elkins reportedly advised Petlim Limancilik.

    According to CCAO, the loan covered a USD 140 million facility agreement with a maturity of three years, under the guarantee of Petkim Petrokimya Holding, for the refinancing of the facility utilized as per the facility agreement over an amount of USD 200 million with Petlim Limancilik as the borrower.

    Petlim Limancilik is a subsidiary of Petkim Petrokimya Holding.

    The CCAO team included Partner Candemir Baltali, Senior Associate Onur Gorkem Koksal, and Associate Can Demirkan.

  • Kinstellar Advises GTC on Sale of GTC X Office Building in Belgrade

    Kinstellar has advised Globe Trade Centre on the sale of its subsidiary Glamp Beograd, which owns the GTC X Building, to Forstone Realty.

    GTC is a real estate investor and developer in Central and Southeast Europe.

    According to Kinstellar, the GTC X Building is located in a prime area of New Belgrade, Serbia, and comprises nearly 18,000 square meters of office space, along with 300 parking spaces in a three-level underground garage.

    The Kinstellar team included Partner Milan Samardzic, Managing Associate Mina Sreckovic, and Associates Djordje Ilijasevic and Jelisaveta Folic.

    Kinstellar did not respond to our inquiry on the matter.

  • BPV Huegel and Binder Groesswang Advise on Eavista’s Acquisition of 75.1% of Card Complete Service Bank

    BPV Huegel has advised Eavista on the acquisition of 75.1% of the shares in Card Complete Service Bank from UniCredit Bank Austria and Raiffeisen-Invest-Gesellschaft. Binder Groesswang advised Raiffeisen Bank. Dorda reportedly advised UniCredit Bank Austria.

    Card Complete Service Bank is a provider of credit card and payment solutions for private and corporate customers. According to Bpv Huegel, AVZ Privatstiftung remains a shareholder in Card Complete Service Bank.

    The BPV Huegel team included Co-Managing Partner Christoph Nauer, Partners Thomas Lettau, Nicolas Wolski, Kornelia Wittmann, Gerhard Fussenegger, Ingo Braun, Paul Pfeifenberger, and Sonja Duerager, Attorneys at Law Barbara Valente, Roland Juill, Johannes Mitterecker, Walter Niedermueller, and Tim Pasternak, and Associates Lucas Hora, Philipp Stengg, and Daniel Maurer.

    The Binder Groesswang team included Partners Thomas Schirmer, Mona Holzgruber, Clemens Willvonseder, Ivo Rungg, and Regina Kroell, Associate Partner Stephan Heckenthaler, Attorneys at Law David Roetzer and Christoph Raab, and Dario Schmelz, and Associate Christopher Marchel.

  • CMS Advises Solar Park Trakiya on EUR 32 Million Financing for Photovoltaic Project

    CMS has advised Solar Park Trakiya on a EUR 32 million financing from EuroBank Bulgaria for the 57.6-megawatt-peal Sinitovo photovoltaic project.

    According to CMS, the project was structured on July 16, 2024, and licensed by the Bulgarian Energy and Water Regulatory Commission on November 7, 2024.

    Additionally, a EUR 4.5 million grant – awarded by the Bulgarian Ministry of Energy under the Recovery and Resilience Plan – supports the installation of a battery electric storage system. Construction of the Solar Park Trakiya project is underway and set for completion in 2025.

    The CMS team included Managing Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, Senior Associates Diyan Georgiev and Elena Yotova-Yordanova, Associates Dian Boev and Viktoriya Toneva, and Trainees Boris Kirov and Niya Ivanova.