CEE Legal Matters

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  • Greenberg Traurig and DWF Advise on Indotek Group’s Sale of Bokserska Office Center to Enter Air

    Greenberg Traurig has advised Indotek Group on its sale of the Bokserska Office Center in Warsaw to Enter Air. DWF advised Enter Air.

    Indotek Group is a Budapest-based pan-European real estate investment and asset management conglomerate.

    Enter Air is a Polish charter airline.

    Located in Mokotow, Bokserska Office Center offers six floors and approximately 6,600 square meters of net leasable area. Developed by Ghelamco Poland in 2001, the property offers 164 surface parking spaces and 18 underground parking spots.

    “The purchase of a new office is a natural step in Enter Air’s expansion in Poland,” commented its COO Marcin Kubrak. “Given the nature of our operations, proximity to Warsaw Chopin Airport and the standard of the office space were key factors in our selection. Bokserska Office Center meets our current spatial requirements while providing a strategic buffer for our company’s future growth.”

    The Greenberg Traurig team included Deputy Managing Partner Radomil Charzynski and Senior Associate Alicja Flis.

    The DWF team included Partners Tomasz Kaczmarek and Joanna Wojnarowska, Local Partner Weronika Roesler, Counsel Katarzyna Stec, Senior Associate Ewa Lewandowska, Junior Associate Patrycja Strycharek.

  • TGS Baltic Advises Helix Kapital on Sale of Shares in Spring Media Group to Two Circles

    TGS Baltic, working with Vinge, has advised Helix Kapital on the sale of its shares in the Spring Media Group to Two Circles. The transaction also involved a buyout of local minority shareholders in SIA 4.vara who were advised by TGS Baltic and CMS’ Stockholm office. Sorainen and Latham & Watkins reportedly advised Two Circles.

    Helix Kapital is a Swedish private equity firm.

    Spring Media Group is an international full-service sports media agency.

    Two Circles is a sports and entertainment business.

    According to TGS Baltic, with this transaction, HLXK Kapital AB sold 100% of the shares in Spring Media Intressenter AB, a Swedish holding company, which includes Latvia-based SIA 4.vara.

    The TGS Baltic team included Partner Andra Rubene and Senior Associates Anna Vaivade, Vladlena Rudusane, and Rudolfs Vilsons.

  • Harrisons Advises EBRD on EUR 20 Million Loan to Serbia and Montenegro Air Traffic Services

    Harrisons, working with Bird & Bird, has advised the EBRD on a EUR 20 million loan to Serbia and Montenegro Air Traffic Services SMATSA.

    SMATSA is an air traffic services agency that covers the air space of Serbia and Montenegro.

    According to Harrisons, “the proceeds of the loan shall be used to finance the upgrade of SMATSA’s air navigation IT system to the latest TopSky ATC One version. This software will enhance operational capabilities, maximize runway capacity, and reduce delays, ultimately improving air traffic flow management. It will also boost SMATSA’s efficiency and lower costs by reducing delay penalties and maintenance expenses. This project will be co-financed by the European Investment Bank under a separate financing agreement between SMATSA and EIB.”

    The Harrisons team included Consultant Ines Matijevic-Papulin and Associates Mina Zeljkovic and Aleksandar Jovicevic.

  • CMS Advises Toshiba on Chaira Hydro Complex Repair and Rehabilitation Agreement

    CMS has advised Toshiba International on a repair and rehabilitation agreement with the Bulgarian state-owned National Electricity Company for the pumping storage hydro power plant Chaira Unit 1.

    According to CMS, PSHPP Chaira represents “infrastructure of paramount importance, part of the major Belmeken–Sestrimo–Chaira Hydropower Cascade. PSHPP Chaira has a generating capacity of 864 megawatts and a pumping capacity of 788 megawatts. Units 1 and 2 have been in operation since 1995, and at that time Chaira was the largest pumped-storage plant in Southeast Europe with the highest head in the world for a single-stage pump turbine. Units 3 and 4 came online in 1999. Toshiba Energy Systems & Solutions Corporation is the manufacturer and supplier of the equipment for Chaira PSHPP and the owner of the technical and design documentation for the project.”

    The CMS team included Managing Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, Senior Associate Diyan Georgiev, Associate Viktoriya Dimitrova–Toneva, and Trainee Boris Kirov.

  • Danilescu, Hulub & Partners Advises Feper on Sale of Orizont Predeal Hotel to Hotel New Montana

    Danilescu, Hulub & Partners has advised Feper on the sale of the Orizont Predeal Hotel to Hotel New Montana.

    The value of the transaction exceeded EUR 10 million. The transaction remains contingent on regulatory approval.

    Feper is a Romanian manufacturer of fine metal clothing and structures.

    Hotel New Montana is part of the Alexandrion Group.

    The Danilescu, Hulub & Partners team included Partner Andreea Hulub, Senior Associate Monica Bianca Mitrica, and Associate Andreea Anghel.

    Danilescu, Hulub & Partners did not respond to our inquiry on the matter.

  • White & Case Advises BGK on PLN 750 Million Loan to Polenergia for Offshore Wind Farms

    White & Case has advised Bank Gospodarstwa Krajowego on providing a loan of up to PLN 750 million (EUR 176 million) from the National Recovery and Resilience Plan funds to Polenergia. 

    Polenergia is Poland’s largest privately owned energy group, with operations focusing on renewable and low-emission energy generation, as well as electricity supply to both business and individual consumers.

    According to White & Case, the financing will support the construction of the Baltyk 2 and Baltyk 3 offshore wind farms, with a combined capacity of 1440 megawatts.

    In 2024, White & Case advised on BGK’s USD 3.5 billion bond issuance (as reported by CEE Legal Matters on July 25, 2024). In 2023, the firm advised BGK on its USD 1 billion bond issuance for Poland’s armed forces support fund (as reported by CEE Legal Matters on November 8, 2023) and on BGK’s May 2023 issuance of ten-year bonds, with a total nominal value of USD 1.75 billion, guaranteed by the State Treasury of the Republic of Poland, and with proceeds earmarked for the COVID-19 response fund (as reported by CEE Legal Matters on June 1, 2023).

    The White & Case team included Partner Grzegorz Abram and Associates Magdalena Bachleda-Ksiedzularz and Klaudia Ochenkowska.

  • Walless Advises EBRD on Co-Financing SIRIN Development

    Walless has advised the European Bank for Reconstruction and Development on co-financing the SIRIN Development warehouse park in Vilnius with Swedbank.

    According to Walless, “SIRIN Development is bringing around 100,000 square meters of sustainable, modern warehouse infrastructure to a strategic location in the city. Financed by a EUR 48.4 million facility co-led by the European Bank for Reconstruction and Development and Swedbank Lietuvoje, this project is set to establish a new standard for logistics in the Baltics.”

    The Walless team included Partner Gediminas Reciunas and Junior Associate Gina Petkeviciute.

    Walless was unable to provide additional information on the matter.

  • Gide Advises Remake on Acquisition and Leaseback of Logistics Facility From Auchan

    Gide has advised Remake Asset Management, acting for the SCPI Remake Live fund, on the acquisition and subsequent leaseback of a logistics facility in Poland from Auchan. SK&S reportedly advised Auchan.

    According to Gide, with “38,400 square meters of logistics space, this is Auchan’s main logistics facility in Poland, located in Wolborz – a strategic location in the middle of the country.”

    The Gide team included Partner Blazej Czwarnok and Associates Aleksandra Kobylinska, Tomasz Roszczyc, Agnieszka Dabrowska, Agnieszka Myszor, and Maciej Grela.

  • Nyerges & Partners and Adesman & Asociatii Advise on Renalfa IPP’s Solar Project Acquisition in Teleorman

    Nyerges & Partners has advised Renalfa IPP on the acquisition of a 258-megawatt-alternating-current solar photovoltaic project in Teleorman, Romania from Mihnea Ioan Olariu, Vlad Tudorie, and Mihnea Mihalache. Adesman & Asociatii advised the sellers.

    Renalfa IPP is a Vienna-based developer and independent power producer formed as a joint venture between Renalfa Solarpro Group and the French infrastructure fund manager Rgreen Invest. According to Nyerges & Partners, the project is expected to be further expanded by integrating a 1000-megawatt-hours battery energy storage system.

    The Nyerges & Partners team included Managing Partner Mihaela Nyerges, Managing Associates Monica Cune-Ghirescu and Mihaela Spiridon, Senior Associate Larisa Nicolae, Associate Adina Tanasoiu, and Junior Associates Paraschiv Sandu and Radu Dancau.

    The Adesman & Asociatii team included Managing Partner Diana Adesman and Managing Associate Oana Sinca.

  • Havel & Partners and Bird & Bird Advise on Photoneo’s USD 12 Million Financing

    Havel & Partners has advised Photoneo on USD 12 million debt and equity financing from the European Bank for Reconstruction and Development for Brightpick. Bird & Bird advised the EBRD.

    Brightpick is a division of Photoneo focused on developing automated robotic systems.

    According to Havel & Partners, “the venture debt, amounting to EUR 5 million, is the largest of its kind in Slovakia’s history. The debt financing was provided by the European Bank for Reconstruction and Development’s Venture Capital program, which supports startups, innovative firms, and tech companies.” Also, the firm reports that “the investment will support Brightpick’s expansion into the U.S. market.”

    The Havel & Partners team included Partner Jaroslav Baier, Associates Kristina Saktorova and Miriama Podskubova, and Junior Associate Robert Kosala.