Category: News

  • CMS Appoints 12 New CEE Partners in 54-Strong Global Promotion Round

    The most recent promotion round at CMS saw 54 lawyers promoted to the firm’s partnership ranks, including Austria-based Daniela Kroemer, David Kohl, Florian Mayer, Kai Ruckelshausen, Lukas Peissl, Marlene Wimmer-Nistelberger, and Sonja Otenhajmer, Bulgaria-based Jenia Dimitrova, Hungary-based Agnes Solyom, Eszter Torok, and Katalin Horvath, and Poland-based Tomasz Sancewicz.

    Kroemer is also the firm’s Co-Head of the Employment and Pensions practice area group. She’s been with CMS since 2013 when she joined as an Associate.

    Kohl, who focuses on corporate/M&A and insolvency and restructuring, has been with the firm since 2018. Before that, he spent two years with Scherbaum Seebacher, a year with the Graz Court of Appeal, and a year with KPMG.

    Mayer, a corporate/M&A expert, has been with the firm since 2019. Before that, he spent almost four years with Dorda as an Associate.

    A banking & finance expert, Ruckelshausen has been a part of CMS since 2013 when he joined as an Associate. He became an Attorney at Law in 2019, before becoming a Partner.

    Peissl focuses on dispute resolution and corporate/M&A. He joined CMS in 2018, after almost two years at Wolf Theiss. Before that, he spent a year with Baker & McKenzie.

    Marlene Wimmer-Nistelberger is an expert in public law, competition, and EU law, as well as ESG. She joined CMS in 2010 as an Assistant and became a Trainee Lawyer in 2014, Lawyer in 2017, Attorney at Law in 2019, and Partner in 2023.

    Otenhajmer, a dispute resolution specialist, joined CMS in 2016. After four years as an Associate, she became an Attorney at Law, before becoming a Partner.

    Bulgaria’s Dimitrova joined CMS in 2019. She is the firm’s Head of Real Estate in Sofia.

    Torok, a former Senior Counsel, initially spent nine years with CMS between 1995 and 2004, before moving in-house and taking over as General Counsel of Teva Pharmaceuticals for Hungary, between 2004 and 2014. She re-joined CMS in 2015, as a Senior Counsel. Her primary areas of focus are finance and corporate/M&A.

    Horvath, a former Senior Counsel as well, has been with the firm since 2018. Before that, she spent over 14 years with Sar and Partners. She is a commercial, IP, and TMT expert.

    Another Senior Counsel, Solyom first joined CMS as a Trainee in 2005, before becoming an Associate in 2009. She was promoted to Senior Associate in 2017 and a Senior Counsel in 2021, and her areas of focus are commercial, IP, and TMT.

    Poland’s Sancewicz, a labor law specialist, has been with the CMS Poland office since 2005. He was promoted to Senior Associate in 2012 and to Counsel in 2017, before the partnership move.

    “We’re delighted to welcome this exceptional group of lawyers to the partnership,” Senior Partner Elect for CMS UK Charles Currier commented. “Our new partners embody the collaborative, innovative, and supportive values that define CMS and have shown a real commitment to our clients and sectors.”

    “Congratulations to our new partners,” CMS Chairman Pierre-Sebastien Thill added. “In addition to their legal expertise and cutting-edge sector knowledge, they demonstrate deep curiosity about future business challenges and opportunities as well as help foster a culture of innovation, inclusivity, and sustainability within our organization.”

  • CMS Advises PPC on 2-Gigawatt Cooperation Framework Agreement with Mytilineos

    CMS has advised Greece’s Public Power Corporation on a cooperation framework agreement for the development and construction of almost 90 solar projects of up to 2,000 megawatts in Romania, Italy, Bulgaria, and Croatia. The deal is valued at up to EUR 2 billion and is expected to be implemented over the next three years.

    According to CMS, “the 90 solar projects are owned by Mytilineos Energy & Metals in Romania (516 megawatts), Italy (503 megawatts), Bulgaria (500 megawatts), and Croatia (445 megawatts) and are at various stages of development. With this new agreement, the PPC Group will acquire RES projects in three new countries and expand its presence in Romania, while Mytilineos will undertake the development and construction of the projects, which will then be acquired by the PPC Group upon completion of their connection to the electricity grid.”

    The CMS team included Managing Partner Horea Popescu and Counsels Mircea Moraru and Veliko Savov.

    CMS did not respond to our inquiry on the matter.

  • Lextal Law Firms Rebrand Under New Shared Name: Widen

    Estonian law firm Lextal, Latvian law firm RER Lextal, and Lithuanian law firm ILAW Lextal have unveiled their new name and identity: Widen, “a Baltic law firm that sees itself as the Legal Jazz Company.”

    Widen is a full-service Baltic law firm with more than 100 legal professionals and offices in all Baltic capitals. Since their initial merger in 2021 under the Lextal name, the three local law firms report expanding by over 60%. The firm boasts an above 50% female partner ratio, while its operations place “equal emphasis on professionalism and creative thinking.”

    According to Widen, “the Legal Jazz Company has the meaning of focusing on two values. First, mastery in the craft of law – forward-thinking expertise. Second, mastery in the arts of teamwork and listening to the client – to give the client the best possible client experience.”

  • Kinstellar Advises Hungarian Power Exchange and TSO on Project Bluesky Transaction

    Kinstellar has advised the Hungarian Power Exchange and the Hungarian transmission system operator on the Project Bluesky transaction which saw HUPX join the regional Adex power exchange. Lukman Odvetniska Druzba reportedly advised Adex’s Slovenian shareholder, ELES. Isailovic & Partners reportedly advised EMS, the Serbian shareholder of Adex.

    The transaction remains contingent on regulatory approval.

    Adex is a regional power exchange serving Central and South-Eastern Europe. According to Kinstellar, “with this transaction, HUPX becomes the third fully-owned subsidiary of the Adex Group.”

    The Kinstellar team included Partners Gabor Gelencser and Peter Voros, Managing Associate Peter Gullai, Senior Associate Aron Barta, and Associate Orsolya Staniszewski.

  • Closing: Arcelik’s New Standalone Home Appliance Business JV with Whirlpool Now Launched

    On April 4, 2024, Clifford Chance announced that the formation of Arcelik’s new standalone home appliance business JV with Whirlpool (reported by CEE Legal Matters on January 24, 2023) had been completed, resulting in the formation of Beko Europe.

    According to Clifford Chance, “based on production volumes in 2023, the combined share of Whirlpool’s European major domestic appliance business and Arcelik’s major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses makes Beko Europe the largest in Europe. With over 20,000 employees and 11 production sites, Beko Europe manufactures approximately 24 million home appliances each year.”

    According to the firm, “Arcelik’s global footprint now spans 57 markets, with approximately 55,000 employees, and a combined revenue of around EUR 11 billion, as per 2023 figures, achieving a significant increase in annual production capacity, reaching a total of 45 production facilities.”

    As previously reported, Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership advised Arcelik, while Latham & Watkins advised Whirlpool.

    The Clifford Chance team included Prague-based Managing Partner Alex Cook, Counsel Michal Jasek, Senior Associate Stanislav Holec, Lawyer Tomas Prochazka, and Junior Lawyer Martin Hrachovina, Istanbul-based Ciftci Attorney Partnership Partner Itir Ciftci, as well as additional team members from Warsaw, Bucharest, London, Amsterdam, Brussels, Paris, Milan, Frankfurt, Duesseldorf, New York, and Washington.

    Editor’s Note: After this article was published, Redcliffe Partners announced it had advised Arcelik as well. The firm’s team included Partner Albert Sych, Associates Kateryna Zheltova and Zakhar Kymberskiy, and Junior Associate Georgy Smirnov.

  • Walless Incorporates Entire Fort Estonia Team and Fort Latvian Litigation Team

    Walless and Fort have announced their agreement to merge their Estonian operations under the Walless brand, while Walless will also strengthen its operational capacities in Latvia with the addition of the Fort Latvia litigation team.

    “The merger of two experienced and ambitious teams is a significant step towards providing even better legal service to our clients,” Walless Estonia Managing Partner Piret Kergandberg said.

    The Fort Latvia litigation team joining the Walless Latvia operation has been and will continue to be led by Partner Sandis Bertaitis. “We are pleased to announce the expansion of our team with the addition of highly recognized dispute resolution expert Sandis Bertaitis and his team,” Walless Latvia Managing Partner Kristine Gaigule-Saveja commented. “He will provide Walless’ clients with a service that is truly exceptional, characterized by a deep commitment to addressing their needs and concerns.”

    According to Walless, “the changes regarding the Fort brand in Estonia and Latvia will not include Fort Lithuania. The firms in Estonia and Latvia will now embark on a period of active integration planning, working together toward the final closing of the transaction.”

    “We welcome this merger as Walless continuously seeks to become the top choice for both local and international clients for projects in the Baltics,” Walless Board Chairperson and Lithuania Managing Partner Dovile Burgiene added.

  • Noerr’s Bratislava, Bucharest, Budapest, and Prague Offices To Transfer to Kinstellar

    Noerr has announced it is taking “a new direction in its business in the markets of Central and Eastern Europe,” with its Czech, Hungarian, Romanian, and Slovak offices to be transferred to Kinstellar.

    “Noerr and Kinstellar have agreed to transfer these practices after the details of the integration are fully worked out,” Kinstellar reported, with the firm adding: “Several important operational and technical aspects, including investments in IT systems, leasehold premises are being worked out and the deal will complete after all necessary regulatory consents and internal approvals have been obtained.” Noerr and Kinstellar will also cooperate on a non-exclusive basis to serve their clients across these jurisdictions following the closing of the transaction.

    “As part of our regular review of the firm’s positioning, we have concluded that forming a strategic partnership in the Central and Eastern European markets is the best approach for enhancing the quality of our advisory services moving forward,” Noerr Co-Managing Partner Alexander Ritvay commented, adding: “We have been pursuing a strategy of qualitative growth for many years. While this strategy is working very well in Germany, we have to recognize that the CEE markets have not developed in a comparable way.” Noerr’s release also stated that “all of Noerr’s staff will be offered the opportunity to work for Kinstellar in [the] future.”

    “This is an exciting chapter in Kinstellar’s journey,” Kinstellar Senior Partner Jason Mogg commented. “We will be welcoming the Noerr teams in Budapest, Bratislava, Bucharest, and Prague and this enhances Kinstellar’s strength and capabilities and diversifies our expertise and clientele. Kinstellar and Noerr share similar values and culture, which will make the integration very smooth. Both firms are highly regarded for their commitment, teamwork approach, strong work ethic, and their excellent service to clients. We are confident that this project will benefit the Noerr team in these cities, all our people, and, most importantly, our clients.”

    “We see the deal and future cooperation with Kinstellar as very positive and a win-win for our clients, people, and firms,” Ritvay added. “It will give Noerr both the possibility to concentrate on achieving its goals in Germany and other Western markets and a reliable and committed first-class partner firm in the region.”

    While the Polish office was not included in the announcements, when asked if the office there is staying with the firm, a Noerr spokesperson told CEE Legal Matters: “We are exploring other options for our Warsaw office.”

    This is the latest in a series of expansions of Kinstellar in CEE, after the addition of the former DLA Piper office in Ukraine (as reported by CEE Legal Matters on June 14, 2021), the integration of the Zuric i Partneri (ZiP) law firm in Croatia (as reported on January 26, 2022), and its strategic partnership in Serbia with the local SOG Law Firm (as reported on July 4, 2023). A recent March 2024 interview on the Serbian move is available here.

  • Allen & Overy Advises Lenders on EUR 100 Million Financing for ITIS Holding’s Acquisition of Vitronic Machine Vision

    Allen & Overy has advised Raiffeisen Bank International and a syndicate of lenders on their EUR 100 million financing package for ITIS Holding to support the acquisition of Vitronic Machine Vision. BBH reportedly advised the borrowers.

    The transaction remains contingent on regulatory approval. The lending syndicate included Ceskoslovenska Obchodni Banka, KBC Bank, Komercni Banka, and HSBC Continental Europe, Germany. According to Allen & Overy, the financing comprised a term loan, a revolving credit facility, and a guarantee facility, with RBI acting as coordinator and mandated lead arranger.

    ITIS Holding is a PPF Group company.

    Vitronic Machine Vision is a German provider of machine vision systems for traffic engineering, logistics, automotive, healthcare, and 3D body scanning.

    The Allen & Overy team included Bratislava-based Counsel Attila Csongrady and Senior Associate Peter Redo, Prague-based Senior Associate Jana Marsalkova, and further team members in Frankfurt.

  • Clifford Chance Advises Nofar Energy on EPC and O&M Agreements with CRJ Renewables

    Clifford Chance has advised Nofar Energy on the engineering, procurement, and construction agreement and the operation and maintenance agreement with CJR Renewables for two photovoltaic projects in Romania with a capacity of 315 megawatts.

    According to Clifford Chance, “this is a landmark EPC and O&M transaction for the maturing Romanian market of renewable energy, as we enter a new, strategic stage of development in this thriving industry. Strong engineering, procurement, and construction and operation & maintenance partnerships are essential for securing project financing, successfully finalizing projects, and ensuring the sustainability of investments.”

    Israel’s Nofar Energy is a renewable energy investment company.

    Portugal’s CJR Renewables is an integrated services provider for wind farms and solar plants.

    The Clifford Chance team included Bucharest-based Senior Associates Diana Borcean and Lavinia Dinoci and Associate Carmen Buzenche alongside Warsaw-based Senior Associates Adrian Krol and Marcin Markowski and Associate Kinga Grzelczak.

    Clifford Chance did not respond to our inquiry on the matter.

  • Schoenherr Successful for Tehnoexport Before EU General Court

    Schoenherr has successfully represented Tehnoexport in trademark cancellation proceedings before the EU Intellectual Property Office.

    Tehnoexport is a Serbian manufacturer of heating, ventilation, and air conditioning products.

    According to Schoenherr, “in the proceedings, Tehnoexport claimed that its competitor filed several trademarks in bad faith since these contained signs which had been used by Tehnoexport.” The firm reported that “the EUIPO decided that the trademarks must be canceled due to bad faith and these decisions were confirmed by the Fifth Board of Appeal of the EUIPO.”

    The Schoenherr team included Vienna-based Partner Christian Schumacher, Belgrade-based Partner Andrea Radonjanin, and Associates Yelyzaveta Semenovykh and Andrej Zoric.