CEE Legal Matters

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  • Hule Bachmayr-Heyda Nordberg and Binder Groesswang Advise on Seipt & Partner Versicherungsmakler Sale to Assepro Austria

    Hule Bachmayr-Heyda Nordberg has advised Seipt & Partner Versicherungsmakler owner Benedikt Seipt on the sale of the company to Assepro Austria. Binder Groesswang advised Assepro Austria.

    In 2023, Hule Bachmayr-Heyda Nordberg advised Dr. Rinner & Partner on the sale to Assepro Austria (as reported by CEE Legal Matters on May 23, 2023).

    The Hule Bachmayr-Heyda Nordberg team included Partners Michael Hule and Martin Frenzel.

    The Binder Groesswang team included Partners Andreas Hable, Johannes Barbist, Regina Kroell, and Ivo Rungg, Senior Associates Christoph Raab and Sabine Apfl-Trompeter, Associates Michael Mittermair, Alexandra Praska, Johanna Mueller, Roman Zaufl, Florian Defrancesco, and Inka Essl, and Intern Viktoria Wagensonner.

  • Dentons Advises UniCredit on EUR 250 Million NPL Portfolio Disposal

    Dentons has advised UniCredit on the disposal of a non-performing loan portfolio composed of commercial real estate loan exposures to a consortium of unidentified investors.

    The portfolio has a total claim value in excess of EUR 250 million.

    According to Dentons, “the transaction is in line with UniCredit’s loan portfolio management strategy to keep non-performing exposure at minimal levels.”

    The Dentons team included Poland-based Partner Mark Segall, Counsel Surbhi Malhotra-Trenkel, Senior Associate Lawrence Florescu, Junior Associate Magdalena Luniak, and Legal Assistant Martyna Derengowska as well as further team members in the Netherlands, Luxembourg, and Italy. 

    Dentons could not provide additional information on the matter.

  • Kinstellar Advises EBRD on Financing for Profi Rom Food

    Kinstellar, working with Sullivan & Worcester, has advised the European Bank for Reconstruction and Development on partnering with Banca Transilvania to implement a supply chain financing program for Profi Rom Food.

    Profi Rom Food is a Romanian retail chain.

    According to Kinstellar, “this transaction marks the EBRD’s first supply chain finance initiative in Romania aimed at strengthening a domestic value chain. The EBRD will assume up to EUR 10 million in local currency risk, effectively doubling Profi’s supply chain finance program to EUR 20 million through a shared-risk model. Profi, which operates 1,750 stores across Romania under three brands—Super, Go, and Loco —will use the financing to enhance its supply chain by providing affordable working capital solutions to its suppliers.”

    The Kinstellar team included Special Counsel Magdalena Raducanu, Managing Associate Razvan Constantinescu, and Associates Alexandra Sofineti and Ioana Moldoveanu.

  • Norton Rose Fulbright and Rymarz Zdort Maruta Advise on mBank’s PV Plants Financing for Volta

    Norton Rose Fulbright has advised mBank on the financing of two PV installations in Poland totaling 17 megawatts by Volta Polska. Rymarz Zdort Maruta advised Volta Polska.

    Volta Polska is an independent renewable energy producer focusing on developing, financing, constructing, and operating PV plants. 

    The Norton Rose Fulbright team included Partner Tomasz Rogalski, Senior Associate Igor Kondratowicz, Associates Karolina Lepakiewicz and Daniel Ksiazek, Legal Intern Antoni Krzyzanowski, Trainee Bartosz Odziemkowski, and Paralegal Mikolaj Wolczynski.

    The Rymarz Zdort Maruta team included Partner Jakub Rachwol, Senior Associate Adrian Wieslaw, and Associate Engjell Sokoli.

  • North Macedonia Adopts Law on Global Minimum Corporate Income Tax

    On 27 December 2024, the Parliament of North Macedonia adopted the new Law on Minimum Global Corporate Income Tax (“Law”).

    This legislation aims to align local laws with the EU’s Global Minimum Tax Directive 2022/2523 implementing Pillar 2 of OECD’s Global Anti-Base Erosion Model Rules. The Law is part of a broader effort to implement a global minimum tax rate of 15% for multinational enterprises (“MNEs”).

    The 15% minimum tax rules will apply to MNEs and large domestic groups that have an annual income of at least EUR 750 million in the consolidated financial statements of the ultimate parent company for at least two of the four years preceding the fiscal year under review.

    The Law’s provisions will apply starting with the 2024 fiscal year, with certain exceptions.

    The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.

    By Veton Qoku, Partner, and Ana Kashirskaa, Senior Associate, Karanovic & Partners

  • BPV Huegel Advises RWA eGen on EUR 176 Million Acquisition of RWA AG Shares from BayWa AG

    BPV Huegel, working with Frankfurt-based FPS Rechtsanwaelte, has advised RWA eGen on its purchase of an approximately 47.53% stake in RWA AG from BayWa AG. Jones Day’s Munich office reportedly advised BayWa AG.

    The transaction remains contingent on regulatory approval.

    RWA AG is a producer, service provider, and retailer in the fields of agriculture, technology, energy, building materials, and home and garden. 

    According to BPV Huegel, the sale is part of BayWa’s transformation concept, which involves divesting key international holdings. The transaction values the stake at EUR 176 million and, once completed, will increase RWA eGen’s ownership in RWA AG from roughly 49.99% to almost 97.52%. 

    The BPV Huegel team included Partners Christoph Nauer, Thomas Lettau, Astrid Ablasser-Neuhuber, Nico Wolski, and Ingo Braun, Attorneys at Law Johannes Mitterecker, Roland Juill, and Barbara Valente, and Associates Anna Zirkler, Daniel Maurer, Patrick Nutz-Fallheier, Stefan Holzweber, and Philipp Stengg.

  • Linklaters Advises Resi4Rent on Land Plot Acquisition in Poznan

    Linklaters has advised Resi4Rent on the acquisition of a plot of land on Brnenska Street in Poznan.

    Resi4Rent is a subscription-based apartment rental provider in Poland. According to Linklaters, “following the acquisition, the site was developed into a flex-living complex, enhancing the city’s private rental sector with 411 units.”

    In 2024, Linklaters advised Resi4Rent on a land plot acquisition in Wroclaw (as reported by CEE Legal Matters on December 17, 2024), as well as on its acquisition of a land plot in Lodz (as reported by CEE Legal Matters on October 29, 2024). In 2020, Linklaters advised Resi4Rent on the acquisition of residential buildings in Warsaw, Wroclaw, and Lodz (as reported by CEE Legal Matters on December 30, 2020) as well as on another acquisition of an apartment building in Wroclaw (as reported by CEE Legal Matters on January 17, 2020). 

    The Linklaters team included Managing Associate Tomasz Trystula and Associates Filip Witaszek and Joanna Roman.

    Linklaters could not provide additional information on the matter.

  • Stratulat Albulescu Advises Prime Label on Acquisition of I.P.P.U. Packaging in Romania

    Stratulat Albulescu has advised Prime Label Group on its acquisition of I.P.P.U. Packaging.

    Prime Label Group is a label manufacturer operating in Central and Eastern Europe.

    I.P.P.U. Packaging is a Romanian printing house specializing in self-adhesive labels. 

    According to Stratulat Albulescu, “as a result of this transaction, Prime Label Group becomes the third-largest label manufacturer in Romania, expanding its product offering in labels primarily serving wine, spirits, and cosmetics producers. Founded in 2019, Prime Label Group focuses on self-adhesive labels, shrink sleeves, and flexible packaging solutions, while I.P.P.U. Packaging, established in 1994 and based in Iasi, Romania, specializes in high-quality self-adhesive labels for various industries.”

    In 2024, Stratulat Albulescu advised on Prime Label’s acquisition of Grafoprint (as reported by CEE Legal Matters on November 5, 2024).

    The Stratulat Albulescu team included Managing Partner Silviu Stratulat and Counsel Raluca Gabor.

  • CMS Advises COBI on Sale of 40% Stake to Resource Partners

    CMS Poland has advised COBI and its founder on the sale of a 40% stake to private equity fund Resource Partners. Baker McKenzie reportedly advised Resource Partners.

    The transaction remains subject to approval from the Polish Office of Competition and Consumer Protection.

    COBI is a Polish manufacturer of construction blocks and an importer and distributor of licensed toys. 

    Resource Partners is a private equity investor.

    The CMS team included Partner Ryszard Manteuffel, Senior Associate Zuzanna Sapocinska, Associate Lukasz Duchinski, and Lawyer Monika Piepiorka.

  • Walless Advises Merito Partners on Bond Financing for Self-Storage Facilities in Tallinn and Vilnius

    Walless has advised Merito Partners on raising EUR 4 million via bond issuances arranged by Signet Bank to fund new self-storage facilities in Tallinn and Vilnius.

    Merito Partners is a self-storage operator.

    The Walless team included Partner Joana Baublyte-Kulviete and Associate Partner Enrika Tamasauskaite.