📢 Meet us at the #CEE Property Forum 2023 in #Vienna, organised by Property Forum Events & News, on 20 – 21 September 2023. ➡️ This year’s edition promises to be the perfect place for real estate professionals who want to make their business even better, a perfect spot for #networking and #knowledge exchange. 🎤 Happy to have Victor Constantinescu, managing partner in #Romania and co-head of the firm-wide real estate practice, joining top-notch speakers in the panel 💡 "The big picture – #CEE #investment trends under the spotlight" on 📅 21 September, starting with 🕙 09:45. ⭐ Klara Stepankova, Partner in #Prague and co-head of the firm-wide real estate sector, Barnabás Sági, Managing Associate in #Budapest, and Dáša Labašová, Senior Associate in #Bratislava, will be part of our delegation. See you in #Vienna! #meettheteam #exceptionaltogether #realestateconference #realestate #CEEPropertyForum

🇭🇺 💼 Kinstellar is proud to announce that it has advised the #Swedish #appliances manufacturer #Electrolux Group on the successful #sale of its manufacturing facility in #Nyíregyháza, #Hungary, to the Swedish high-quality electric heat pumps manufacturer #Qvantum for a cash consideration of EUR 38 million. ✨ The Kinstellar team was led by Barnabás Sági, Co-Head of the #Budapest Real Estate service line, supported by Bertalan Ványa, Associate. The team also included Annamaria Csenterics (Partner), Anna Szilágyi (Junior Associate), Judit Sós (Associate), Péter Vörös (Partner), Gullai Péter (Managing Associate), Daniel Peter (Managing Associate), and Szabolcs Szilágyi (Junior Associate). 🔗 https://lnkd.in/d6Qqr5iC #donedeals #intheknow #transactionsHungary #divestment #leadinglawyers #leadinglawfirm

📢 🇨🇿 After a protracted process, the Chamber of Deputies has approved an amendment to the Czech #Labour Code. Although the Senate returned the #legislation with several amendments in back July, the Chamber of Deputies ultimately approved the amendment in its original wording. 💡 The amendment to the Labour Code will introduce significant changes, in particular to remote working, agreements on work performed outside #employment relationships, and to the electronic delivery of documents. 👇🏻 Click on the link below for more details on the changes to the Labour Code. In case of any questions, please do not hesitate to contact our Employment Law team Martina Mazurkova, Tereza Holubová.   #intheknow #exceptionaltogether #leadinglawyers

🇭🇺 We are pleased to announce that Fanni Oroszi, LL.M has joined our #team in #Budapest to further strengthen our #Competition and #Compliance capabilities. 🙌   🗂️ Fanni is a seasoned lawyer with significant #Hungarian and #international experience. Before joining Kinstellar she worked at the #Brussels office of a leading #US law firm, prior to which she gained experience at two of the leading Hungarian competition law practices and at an international law firm’s Paris office. She has also spent time at the Hungarian Competition Authority and at the European Commission. Her practice focuses on all areas of competition law and State aid, Foreign Direct Investments and general compliance matters. 📃 Fanni graduated from Pázmány Péter Catholic University (Budapest), where she is currently a Phd. candidate, and earned her LL.M. degree at the College of Europe (Bruges). In addition, she has published an extensive list of legal articles, and is also holding lectures at universities.   We are honoured and pleased to welcome Fanni to our team and wish her best of luck! #exceptionaltogether #leadinglawyers #competitionlaw  

📢 🇨🇿 This week, the Czech president ratified the long-awaited draft Act on Preventive #Restructuring, which implements (albeit with a delay of more than a year) European Directive 2019/1023 on preventive restructuring. The Act is expected to come into force by the end of September 2023.  🚀 💼💡 The new law introduces a formalised form of preventive restructuring designed to help #distressed companies that are not yet legally insolvent, but which are heading in that direction. The principle of preventive restructuring sees an agreement reached between a distressed company and its major creditors in order to remedy its adverse financial situation and thus prevent insolvency while maintaining business operations. 📉   Unlike insolvency proceedings, preventive restructuring proceedings are not public (with few exceptions) and therefore do not carry the stigma of negative publicity. Furthermore, preventive restructuring is purely voluntary, whereas in the case of #insolvency, the statutory body is legally obliged to file an insolvency petition against the insolvent company. Preventive restructuring aims to be a useful legal instrument to remedy dire situations at distressed companies in a timely manner and to thus prevent mandatory post-insolvency proceedings (which can have much greater negative consequences for the debtor).   For more information on whether preventative restructuring could be useful for your business, please contact Radim Kotrba or Václav Kment. Our team will be happy to provide further details and offer guidance on the entire process.   #exceptionaltogether #PreventiveRestructuring #FinancialStability #CzechLaw 🇨🇿**

📢 🇨🇿 The Czech Republic should soon have its own #legal #regulation for #telemedicine. A government proposal is on its way to the Parliament to introduce a basic definition of telemedicine. Until now, there has been no legal definition, which in practice has led to many uncertainties and questions, including the possibility and conditions of provision by healthcare providers, but also, for example, the admissibility of reimbursement by health insurance companies. 💡 The proposed amendment to the Health Services Act should remove this uncertainty and will explicitly state that telemedicine is a legally permitted way of providing #health services and will set out the framework conditions. Telemedicine services are defined by the proposal as follows: ✔️ The remote provision of services by means of information and telecommunication technologies or a medical device; ✔️ The technical requirements for the quality and security of the communication are met, the communication channel is encrypted and the identity of the communicating parties is assured. Patient consent to record the communication is required. 📱 The main forms of telemedicine permitted by law should be medical consultations, assessment of imaging and telemonitoring. Certain telemedicine services may also be provided outside the healthcare facility (e.g. teleradiology, telepathology or telemonitoring). On the other hand, it is not envisaged that a separate authorisation could be granted only for the provision of telemedicine health services. The bill will now be discussed by the Parliament of the Czech Republic. It is expected to take effect on 1 January 2024. 👉🏻You can learn more about the current legal framework for telemedicine in the Czech Republic in our contribution to the IBA Healthcare and Life Science Law Committee telemedicine survey: https://lnkd.in/dVPMEZ8m

🔔  The first part of 2023 continued last year's trend of substantial changes to Romanian #labour #legislation. ➡️ Both Law no. 53/2003 on the Labour Code and Law no. 367/2022 on social dialogue have undergone several changes, some aimed at clarifying legal issues identified in practice and others at promoting flexibility at #work and work-life balance. 🔍 Discover our team’s comprehensive summary of the latest legislative changes in the article below, ✍🏻 written by Senior Associates Catalin Roman and Lidia Zarnescu, and Associate Rena Saftencu, coordinated by Partner Remus Codreanu.   👉🏻 https://lnkd.in/e7szxwWR   #intheknow #leadinglawyers #leadinglawfirm #employmentlaw #worklifebalance

📢 🇨🇿 Kinstellar acted as the #Czech counsel for the initial purchasers and lenders in connection with the debut offering by BENTELER International AG of two senior secured high-yield #bonds due in 2028 with volumes of EUR 525 million and USD 500 million, together with the provision of a EUR 810 million syndicated term loan and a EUR 250 million revolving credit facility. 💡 The proceeds from the bond and the term #loan will be used to fully #refinance the existing #restructuring indebtedness of the BENTELER Group. 🌟 Headquartered in Salzburg, Austria, BENTELER Group is a global business dedicated to the conception and production of intricately crafted, customised components and modules tailored for the worldwide automotive sector, encompassing the dynamic realm of e-mobility. The Kinstellar team was led by Martina Březinová (Counsel) and included Jakub Šťastný (Senior Associate), Dominik Čtvrtníček (Junior Associate) and Kamil Blazek (Partner). #exceptionaltogether #donedeals #leadinglawyers https://lnkd.in/ecfSfjbS