Category: Uncategorized

  • The Buzz in Slovakia: Interview with Katarina Cechova of Cechova & Partners (2)

    The Buzz in Slovakia: Interview with Katarina Cechova of Cechova & Partners (2)

    “The biggest current concern in Slovakia is the non-operating Constitutional Court,” says Cechova & Partners Senior Partner Katarina Cechova, who claims that for the first time in its history the Slovak Republic faces real concerns about the future of its major judicial institution.

    The problems at the Court are the result of an inability to replace the nine whose terms concluded on February 15, 2019, leaving only four judges currently active. The Slovak Parliament failed to find sufficient consensus to confirm any of the 37 candidates for the post.

    Cechova says the main issue that sparked the situation is the involvement of controversial former Slovak Prime Minister Robert Fico in the election process. Fico resigned as Prime Minister in March 2018, following national protests that arose after the widely-reported murder of investigative journalist Jan Kuciak and his fiancé, Martina Kusnirova. Investigations into Kuciak’s death, she says, raised suspicions about connections between Fico and the Italian mafia and oligarchs. 

    “Fico’s ambition was to become the Chairman of the Constitutional Court,” says Cechova. His nomination was not initially accepted, she reports, as the Constitutional Committee of the Slovak Parliament expressed doubt about his ability to satisfy mandatory qualifying criteria. As a result, he was given extra time to collect evidence, she says, “which he did, although it was still disputed by high number of members of the Constitutional Committee.”

    According to Cechova, in support of his controversial candidacy, members of parliament from the Smer party called for a secret ballot — a call that was supported only by People’s Party Our Slovakia, the Slovak ultra nationalist party. When that proposal failed, both parties called for a general boycott of the February 12 election, and followed through on their promise to destroy their ballots. As a result, no judges were elected.

    A new election has been scheduled for the end of March, shortly after the country’s upcoming March 16 presidential election. Tensions, Cechova reports, remain high, as even if candidates are elected by the Parliament, the final selection of judges is subject to the decision of the Slovak President, and, although Fico has now withdrawn his own candidacy, his party may seek to again postpone the elections until a new president — one who is potentially more sympathetic to the candidates they prefer — is in office.

    In the meantime, Cechova says, the failure to appoint judges to the court “has a significant impact on the protection of human rights and constitutionality in Slovakia, because the Constitutional Court is already overwhelmed by petitions needing to be addressed, and now the required number of judges necessary to deal with the cases does not exist.” As a consequence, she says, the resulting paralysis of the court has a direct impact on the everyday work of lawyers and their clients, slowing down the already too-long process of case resolution in the Constitutional Court. 

    Overall, Cechova says the entire situation has raised unprecedented legal questions about how to deal with elections in cases of delay – a situation that Cechova describes as “unfortunate,” because “it happens in countries like ours, where democracy is interpreted not in a proper manner.” 

    On the brighter side, Cechova says that Slovakia is doing well economically, with low unemployment rates and high stability, and an automotive industry that is thriving and demonstrating the potential to attract even more foreign investors. “We are the strongest economy in production of cars,” she says. “Of course, that will end at some point in time, but for the next four or five years we are set.” Yet, despite the country’s economic success, she sighs. “It is extremely sad that the country, which is so lucky with its current economic situation, is unable to better govern itself.” She notes that, in these circumstances, the role of lawyers is more valuable than ever. “Lawyers are the ones the society is looking to: they are the ones who ensure the rule of law and protection of human rights.”  

    Cechova says that “the legal market is very tough and competitive,” with space for both international and local law firms to do well. In addition, the market has become more attractive for young lawyers, as the mandatory traineeship period has been shortened from five years to three. Cechova explains that the five-year mandatory traineeship made the legal profession unappealing, “so there was a real pressure to reduce it.”

  • Karanovic & Nikolic

    Karanović & Nikolić is a leading international legal practice in South East Europe that offers unrivalled regional and sector specific coverage to investors.

    As a market leading practice, our dedication, quality legal service, and in-depth understanding of the needs of our clients stands out as a differentiating factor. With over 100 advisors across the region, our original values remain an integral part of our philosophy and approach to client work. Karanović & Nikolić has been involved in many of the largest and most complex transactions in the region and we take pride in our reputation as a regional transactional and corporate/commercial legal powerhouse.

    Because we have an active business presence in Bosnia & Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia, we operate seamlessly across all of these jurisdictions, providing regional services to our clients, while taking into consideration local particularities in order to provide the best legal advice under competitive terms. Renowned for the quality of our lawyers and our commercial approach to solving problems, Karanović & Nikolić advises many of the leading companies, banks, investors and government institutions doing business in the SEE region.

    Firm’s website: http://www.karanovic-nikolic.com/

     

  • Hogan Lovells and Allen & Overy Advise on Nordea Group Sale of Nordea OFE to Aegon PTE

    Hogan Lovells and Allen & Overy Advise on Nordea Group Sale of Nordea OFE to Aegon PTE

    Hogan Lovells acted as lead transaction counsel for the Nordea Group on its disposal of the Nordea Polish Open-ended Pension Fund (OFE) (assets under management of PLN 6.45 billion) to Aegon. Allen & Overy advised Aegon on the deal.

    Following the integration of the funds, Aegon PTE will manage net assets worth an aggregate of PLN 12.4 billion – taking fourth position among the pension funds operating in Poland. “This deal finalizes the Nordea Group’s plans to divest its Polish business units directly servicing clients, and to focus on core markets,” said Claus Stoltenborg, Chairman of Nordea PTE’s Supervisory Board. According to Stoltenborg, the transaction, awaiting the Polish Financial Supervision Authority’s (KNF) approval, should be completed towards the end of the year.

    Michal Biedzki, Chairman of the Supervisory Board of Aegon PTE S.A., commented that, “the transaction will help us further improve the quality of services to our customers, as well as strengthen our market position.”

    In 2013, Nordea divested its Polish banking, finance and life insurance businesses to PKO Bank Polski, the country’s largest bank.

    The Hogan Lovells team was led by Warsaw Managing Partner Beata Balas-Noszczyk, and included Counsel Tomasz Zak, Senior Associate Pawel Chodzinski, and Associate Karol Ruszkowski 

    The Allen & Overy team was led by Corporate Partner Jaroslaw Iwanicki with assistance from Senior Associate Tomasz Ciecwierz and Associate Joanna Kaleta. Tax advice was provided by Senior Associate Maciej Kulawik.

  • Czyzewscy Firm Promotes Pair

    Czyzewscy Firm Promotes Pair

    Poland’s Czyzewscy law firm has announced that lawyers Tomasz Jan Sieminski and Pawel Gutowski have been promoted to Partner in the firm.  

    Sieminski leads the firm’s competition law and distribution practices. According to the firm, he is “experienced in the area of widely understood pharmaceutical law, including, in particular, advertising and regulatory issues. He also deals with issues related to medical law, including liability of medical profession practitioners and patients’ rights.” The firm also reports that he “provides legal assistance in the scope of unfair competition law as well, particularly when it comes to advertising.” He graduated from the Faculty of Law and Administration at the Maria Curie- Sklodowska University.

    Gutowski supervises the food law and unfair competition practices. According to the firm, “he assists with solving legal problems concerning obtaining marketing authorizations of foodstuffs and their distribution. He also provides legal advice in the scope of requirements concerning foodstuffs, including dietary supplements, their presentation and advertising.” The firm describes him as representing clients “in disputes concerning combating of unfair competition, particularly in advertising sector,” and says that, “moreover, he deals with the protection of widely understood Intellectual Property rights, especially in the field of films and books as well as pharmaceutical law, with a focus on advertising and promotion in pharmaceutical sector, medicinal products distribution and clinical trials of medical products.” He graduated with honors from the Faculty of Law and Administration of University of Warsaw in 2009.

    According to the firm, “promotions are an expression of appreciation for the contribution of both attorneys to building of the law firm’s position, as well as a consequence of its dynamic development in the areas of life sciences and intellectual property rights & the media.”   

  • C.R.E.A.M. Hires New Head of Legal in Poland

    C.R.E.A.M. Hires New Head of Legal in Poland

    Filip Grzesiak joined Caelum Real Estate Asset Management (C.R.E.A.M.) as its new Head of Legal in Warsaw.

    Grzesiak, who will be responsible for legal aspects of real estate management including investment advisory, joins from Crido Legal, where he was a Senior Associate. Prior to Crido Legal, he worked for CMS Cameron McKenna as an Associate for over 2 years, preceded by Miller Canfield, where he spent 6 years, first as a Junior Associate and later as an Associate. Earlier still, he was a Trainee with the ING Nationale Nederlanden Law Department.

    In his previous role with Crido Legal, Grzesiak worked on advising Exact Systems (part of the Work Service Group) in connection with the acquisition of two companies – Control + Rework Service Poland Sp. z o.o. and Control + Rework Service NV (reported on by CEE Legal Matters on September 23, 2015), assisting the KRUK Group in its acquisition of the Presco Investments company (reported on by CEE Legal Matters on November 6, 2015), and advising Astris on the construction of a class A office building in Krakow (reported on by CEE Legal Matters on November 30, 2015).

    Commenting on the move, Grzesiak said: “The change was long desired. Being the part of the process from the inside and to witness the growth of the business was always intriguing to me. Working for law firms we are just part of the process even if very important. I simply wanted to become part of the business. C.R.E.A.M. gave me this opportunity and a chance to work in an international environment with young and dedicated team.”

  • BPV Braun Partners Announces Mediation Services

    BPV Braun Partners Announces Mediation Services

    bpv Braun Partners has announced that it has begun offering clients mediation services, “with excellent facilities and space for mediation meetings in its offices.”

    According to bpv Braun Partners, “Mediation has a long history and is becoming more widespread in the Czech Republic as well. Mediation is a structured process wherein the mediator provides expert assistance to the parties in communicating in order to reach an amicable settlement in the form of a mediation agreement. A court-approved mediation agreement is a legally enforceable document. The advantage of mediation is its informality and flexibility. In a successful mediation, both parties should reach an agreement with no winners or losers as is often the case in lengthy court cases.”

    Mediation will be handled bpv Braun Partners Partner David Vosol, who is certified as an official mediator by the Czech Bar Association and registered in the official list of accredited mediators kept by the Ministry of Justice. According to the firm, “his services are available to clients in his native Czech as well as in English or German.”

  • Chadbourne Takes Former Head of CEE and CIS from Bryan Cave in London

    Chadbourne Takes Former Head of CEE and CIS from Bryan Cave in London

    Chadbourne & Parke has announced that Irina Tymczyszyn has joined the firm’s international arbitration and public international law practice in London as a Partner. Tymczyszyn joins the firm from Bryan Cave, where she served as head of the Central Eastern Europe and CIS Team.

    Chadbourne describes Tymczyszyn as “an English-qualified solicitor with considerable experience in multi-jurisdictional cross-border disputes,” and says that “she advises major international clients primarily in the area of disputes relating to shareholders’ and investment agreements, construction agreements, agreements relating to oil and gas industries and fraud,” as well as advising on “risk and compliance issues in relation to Eastern Europe (and Ukraine-related sanctions).”

    Mark Beckett, head of Chadbourne’s international arbitration practice, said that Tymczyszyn was an “important addition to our international arbitration team” in an “essential market.” He continued: “We have been looking for the right fit for some time, and Irina brings strong and diverse skill sets and solid client relationships. We very much look forward to working with her as part of our global team, especially for representing firm clients and developing opportunities in the EMEA region.”  

    Tymczyszyn had been at Bryan Cave in London since 2007, and became Partner in January 2012. Before that she spent the better part of a year with Olswang, almost two years with Salans, and two and a half years with Taylor Wessing, all in London. She is a graduate of the National University of Kyiv-Mohyla Academy, Kyiv State Pedagogical University, and University of Manchester.

  • Raidla Ellex Advises Jaakson & Ko on the Sale of Shares of Jaaksoni Linnahoolduse

    Raidla Ellex Advises Jaakson & Ko on the Sale of Shares of Jaaksoni Linnahoolduse

    Raidla Ellex has advised Jaakson & Ko OU on the sale of 100% of shares of Jaaksoni Linnahoolduse OU to Eesti Keskkonnateenused AS. Eversheds Ots & Co. advised Eesti Keskkonnateenused on the deal.

    According to Raidla Ellex, Jaaksoni Linnahooldus is a Tallinn company providing services “related to road maintenance works, street cleaning, planting of greenery, and waste management,” while Eesti Keskkonnateenused is “one of the biggest companies providing waste management services all over Estonia.”

    The Raidla Ellex team was led by Partner Risto Vahimets.  

    Editor’s Note: After this article was published Eversheds Ots & Co. informed CEE Legal Matters that its team on the deal was led by Managing Partner Maivi Ots, supported by Senior Associate Risto Ruutel and Senior Associate Lauri Liivat.

  • Watkinson Jumps from BBH to Dentons

    Watkinson Jumps from BBH to Dentons

    BBH Partner Chris Watkinson has left the Czech-based firm to join Dentons, where he will split his time between Budapest and Prague.  

    Watkinson focuses on cross-border mergers and acquisitions, private equity transactions and joint ventures. Dentons describes him as having “significant experience in the technology, media and telecommunications industry as well as the energy and renewables sector,” and says that “he also brings a wealth of experience in CEE/CIS – advising on major cross-border deals and providing English Law advice to clients based in the region.”

    Watkinson worked in Prague at BBH for two years as head of the firm’s English law desk. Prior to that he worked for Squire Patton Boggs from 2001-2014 in London, where he focused on M&A transactions in Russia and the CEE/CIS region. He is a Solicitor of the Senior Courts of England and Wales and holds a law degree from the University of East Anglia in the UK.

    Ladislav Storek, Dentons’ Czech Republic and Slovakia Managing Partner, commented, “With his proven transaction experience along with sector insights, Chris will help further develop our Corporate and M&A practice and bring even more value to our clients.”

  • Former Chadbourne Partner Moves to Magnusson in Poland

    Former Chadbourne Partner Moves to Magnusson in Poland

    Marek Krol, who was a Partner at Chadbourne & Parke before that firm spun off its Warsaw office into a local firm in May 2016, has joined Magnusson’s Warsaw office.

    Krol focuses on banking and finance, including in particular project finance, investment financing, and M&A financing, as well as on capital markets, energy, and natural resources. According to Magnusson, “he advises both domestic and international corporations from the chemical, petrochemical and power industries, large Polish and foreign banks as well as investment and securitization funds. His experience also includes advice on financing of numerous development and residential projects across Poland.”

    In addition to Chadbourne, he has also worked at KPMG as head of the banking advisory division, as well as serving as the director of the legal and project finance departments of several Polish banks.

    “The arrival of such a high profile player as Marek Krol gives a boost to our project finance capabilities,” said Agnieszka Pytlas-Skwierczynska, Managing Partner of Magnusson in Poland. “He will be a tremendous addition to the team and a great asset to our clients.”

    “Magnusson offers a compelling blend of strong capabilities on both domestic and international levels,”  stated Krol. “I am looking forward to exploring new opportunities both in Poland and the entire region.”