Stratulat Albulescu has advised Catalyst Romania Fund II on its participation in the EUR 2 million equity funding round of EdTech platform Adservio.
FDI Regulatory Developments in Real Estate Acquisitions
Screening of foreign direct investment (FDI) has been present in Hungarian law since 2019 in relation to certain specific investment-related activities. During the COVID-19 pandemic, additional FDI screening legislation was introduced in May 2020. The 2020 regime has had an impact on a significantly wider range of business transactions and, therefore, this summary focuses solely on the 2020 regime (FDI Rules). Given that a real estate asset deal may also fall within the scope of the FDI Rules, assessing the potential application of the FDI Rules has become an important item on the real estate due diligence to-do list. Below you will find a summary of the applicable regime based on our experience to this date.
Fundamentals of a Successful Real Estate Transaction
A sound investment requires an understanding of all the risks involved in the transaction. The main objective of real estate financial due diligence is to thoroughly inspect the fundamentals of the property, financing, seller and compliance obligations to be able to reduce and mitigate financial uncertainties.
Andra Trantea and Paula Corban-Pelin Make Local Partner at DLA Piper
DLA Piper has announced that former Counsels Andra Trantea and Paula Corban-Pelin have been promoted to Local Partner with the firm’s Romanian office.
How Does Competition Law Affect Your Transaction?
EU and Hungarian competition law considerations are also highly relevant in any real estate transaction, especially from a merger control and information exchange perspective.
Agnieszka Lehwark and Bartlomiej Palusiak Make Partner at DLA Piper
Former Counsels Agnieszka Lehwark and Bartlomiej Palusiak have been promoted to Partner in DLA Piper's Warsaw office.
DLA Piper and KSB Advise on Karlin’s Joint Residential Investment with PPF
DLA Piper has advised the Karlin Group on a joint residential investment in Prague with PPF Real Estate. Kocian Solc Balastik advised PPF.
The Corner Office: Favorite Professor
In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: Who was your favorite professor in university and why?
New Slovak Act on Screening of Foreign Direct Investments
The planned legislation will introduce a screening of foreign direct investments to Slovakia from third countries. The aim of the screening mechanism should be the protection of Slovakia’s security and public order, whereas security and public order in the EU shall also be considered.
DLA Piper Advises Aareal Bank on Pradera European Retail Parks Portfolio Financing
DLA Piper has advised the Aareal Bank on providing EUR 360 million senior facility for Pradera European Retail Parks’ international retail property portfolio financing.
Record GDPR Fine by the Hungarian Data Protection Authority for the Unlawful use of Artificial Intelligence
The Hungarian Data Protection Authority (Nemzeti Adatvédelmi és Információszabadság Hatóság, NAIH) has recently published its annual report in which it presented a case where the Authority imposed the highest fine to date of ca. EUR 670,000 (HUF 250 million).
Romanian Government Adopts New Measures Extending the Support for Energy Consumers
In view of the sustained rise in the prices of electricity and natural gas, the Romanian Government has been under increased pressure to extend the consumers support measures first introduced under Government Emergency Ordinance no. 118/2021 on the establishment of a compensation scheme for the consumption of electricity and natural gas covering the period 1 November 2021 – 31 March 2022, which received Parliamentary approval and further amendments under Law no. 259/2021 (Law 259/2021), as both have further been amended.
Severing Russian Ties: Baker McKenzie and DLA Piper Announce Russian Exit
Baker McKenzie and DLA Piper have joined the plethora of firms announcing their exit from the Russian market.
Status of the Real Estate Sector: A Romanian Round Table
On January 18, six leading real estate lawyers in Romania sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea. The conversation focused on the current state of affairs in the real estate sector, looking at who the main players are, the hottest assets, deal-making trends in the sector, and more.
Marketing Law Firm Marketing: Planning the Marketing Budget
At the end of each year, business development and marketing specialists across the globe are busy identifying strategies and components to plan an annual marketing budget. Accordingly, this time around, given the season, we asked Law Firm Marketing experts across the CEE region a question: Which metrics do you look at when planning your marketing budget?
Gabor Fejes and Zoltan Marosi To Join DLA Piper in 2022
DLA Piper has announced that Oppenheim Partners Gabor Fejes and Zoltan Marosi are set to join the firm as a Partner and Local Partner, respectively, early in 2022.
Have Your Say! Revision of the EU General Pharmaceuticals Legislation
On 21 September 2021, the Commission launched a public consultation on the revision of the general pharmaceutical legislation. The public consultation ends on 21 December 2021. Any interested party may submit comments and observations. The consultation concerns certain key topics such as access and affordability, solutions to address unmet medical needs, incentives for innovation, medicine shortages, environmental challenges and sustainability. The amendments of the general pharmaceuticals legislation may be however much wider in scope, in line with the strategic areas identified in the Pharmaceutical Strategy for Europe, as part of which the public consultation is organized. Following the consultation process, the Commission will adopt a final legislative proposal, which is expected to be published by the fourth quarter of 2022.
COVID-19 and the Pharmaceutical and Medical Sector in Poland, Part 4: Other Consequences of the Pandemic, Sector Barriers and Suggested Action
The DLA Piper report “The COVID-19 pandemic and the pharmaceutical and medical sector in Poland” is based on the feedback from a survey conducted among DLA Piper’s clients and business contacts from the pharmaceutical and medical sector, including producers of medicines, food supplements and medical devices, as well as healthcare service providers. It is the first report that brings together the views of key players in the pharmaceutical and medical industries, describing how they see the current state of affairs on the Polish market and possible future trends, along with their recommendations as to what actions they would like to see taken in the sector. The key findings are summarised in our four briefings, the last part of which discusses other consequences of the pandemic not yet mentioned as well as sector barriers and suggested state actions.