Kinstellar successfully completes the acquisition of Noerr’s Bucharest operations, following the acquisition of Noerr’s Offices in Bratislava and Prague
Explore our news, deals and insights
Kristóf Ferenczi is appointed Firm Managing Partner of Kinstellar

News, deals & insights

Deals September 2024

Kinstellar and KST Law advise Quexco Incorporated on its acquisition of Mutlu Akü

Kinstellar and KST Law are delighted to have advised Quexco Incorporated, a US-based diversified, private holding company with investments in the lubricants space and a rich history, previously operating in the battery industry, on its acquisition of Mutlu Akü, one of the major auto battery manufacturers in Turkey, and owner of a waste battery recycling facility, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). The team was led by Partner Emre Özer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Şaylı. Kinstellar worked in close collaboration with Bowmans, as to South African law, throughout the transaction. Completion of the transaction is

Insights September 2024

Purpose of the Astana International Financial Centre (AIFC) and application of AIFC Law, in Kazakhstan

We have gathered practical insights based on case studies within the Astana International Financial Centre (AIFC), with a focus on the application of law in this jurisdiction. In this brief note, we aim to summarize these key points and share them with potential AIFC participants, investors, and professionals in the legal and financial sectors. It is important to note that this is not an academic article or legal advice, but rather practical observations. Purpose of the AIFC and application of AIFC Law As a starting point, the AIFC, located in Astana, Kazakhstan's capital, was created to serve as a specialized financial hub, fostering investments and promoting regulated financial services. What distinguishes

Insights September 2024

Romania to introduce stricter compliance rules for crypto-asset service providers

Romania's National Office for the Prevention and Control of Money Laundering has recently published a draft of an Emergency Ordinance amending and supplementing Law no. 129/2019 on the prevention and control of money laundering and terrorist financing (the Emergency Ordinance) in order to harmonise domestic legislation with the provisions of Directive (EU) 2015/849 of the European  Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (the Fifth AML Directive), as amended by Regulation (EU) 2023/113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets

Insights September 2024

How Slovak courts operated in 2023 – Statistics don’t lie

At the beginning of August 2024, the Ministry of Justice of the Slovak Republic released its annual statistical yearbook for 2023 (please see here: Statistical Yearbook 2023). At the time of publication, the effects of the so-called judicial map reforms that were initiated in 2023 had not yet manifested themselves in any significant way. However, we have identified several intriguing trends and other data that we would like to bring to your attention. Civil and commercial litigation In 2023, courts in the Slovak Republic handled 39,920 civil cases, with 110,392 disputes (including commercial cases), which is 7,742 fewer cases than in 2022. Based on an overview of the duration of proceedings in

Deals September 2024

Kinstellar advises Nova Ljubljanska Banka on successful completion of Summit Leasing Slovenia acquisition

Kinstellar is proud to have successfully advised Nova Ljubljanska Banka, Slovenia's largest banking group, on completing the acquisition of 100% of SLS HOLDCO, the parent company of Summit Leasing Slovenija, and its subsidiaries, including Croatian Mobil Leasing. After receiving all required regulatory and anti-trust approvals, NLB became the sole shareholder. The Kinstellar team, led by Partner Edmund Emre Özer and supported by Associate Bianka Kovacs, collaborated closely with Kavcic, Bracun & Partners in Slovenia on the transaction.

Insights September 2024

Kinstellar advises France’s NJJ Capital on the landmark roll-up of businesses in the telecommunications sector in Ukraine

Kinstellar is proud to have acted as Ukrainian legal counsel to NJJ Capital, the investment company of France's leading technology entrepreneur Xavier Niel, on the acquisition and merger of Datagroup-Volia, one of Ukraine's largest fixed telecom and pay-TV providers, and Lifecell, Ukraine's third-largest mobile operator. This landmark transaction is a significant consolidation of and investment in the Ukrainian telecoms market, that will bring many benefits to telecoms consumers, especially during wartime circumstances. Kinstellar's legal team provided comprehensive Ukrainian law advice to NJJ Capital throughout the transaction. Lead lawyer and office managing partner Olena Kuchynska, noted:

Insights September 2024

New tax amnesty adopted by the Romanian government

On 6 September 2024, the Romanian government adopted Emergency Ordinance no. 107/2024 ("the GEO") regulating a nationwide tax amnesty generally aimed at cancelling late payment interest and penalties related to certain outstanding tax liabilities, as summarised below.1. Waiver of interest, penalties and other additional charges for outstanding debts as of 31 August 2024 for all taxpayers. The outstanding debts as of 31 August 2024 include: budgetary liabilities for which the due date or payment term has been met on or before 31 August 2024; supplementary budgetary liabilities established by tax assessment decisions communicated up to and including 31 August 2024, as well supplementary liabilities

Insights September 2024

Romania to hold first CfD renewables auction in coming weeks

Romania is set to hold its first contracts for difference ("CfD") auction in the next few weeks. The Ministry of Energy has taken further steps and issued the order for initiating the CfD auction under the CfD scheme. On 6 September 2024, Order No. 1290/2024, approving the launch of the first auction for the State aid scheme in the form of contracts for difference for the production of electricity from renewable sources of onshore wind and solar photovoltaic energy, as well as the rules of the procedure for the first auction ("Order 1290/2024"), was published in the Official Gazette of Romania and entered into force on the same date. The total capacity targeted is 1,500 MW of renewables; specifically

Deals September 2024

Kinstellar and KST Law advise Eleven Fund III Cooperatief on its investment in Magfi, Turkey

Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Our team was led by Partner Edmund Emre Özer, with support from Associates Helin Akbulut and Hatice Nur Arslan.

About us

Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. Our reputation for quality, excellence and integrity speaks for itself.

With offices in eleven jurisdictions and over 300 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.

Our clients include leading international and regional corporations, banks and other financial institutions, state bodies, multi-lateral institutions, and international law firms with clients that require top-quality legal counsel in our jurisdictions. We handle the most important and complex assignments for clients across diverse industries and business sectors.

12
offices
300
lawyers
58*
top-tier
rankings

solutions


*2022 rankings in core practice areas in international legal directories (Chambers & Partners, Legal 500, IFLR1000)

Meet our people

With expert local knowledge and a track record at the international level, our lawyers provide top-tier advice and client service in Emerging Europe and Central Asia.

Our Team

Newsfeed

📢 🇹🇷 Kinstellar and KST Law are delighted to have advised #Quexco Incorporated, a #US-based diversified, private holding company with investments in the lubricants space, on its #acquisition of Mutlu Akü, one of the major #auto #battery manufacturers in #Turkey, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). 💼 Completion of the transaction is subject to shareholder and anti-trust approvals as well as other customary conditions.   🌟 The team was led by Partner Emre Edmund Ozer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Özge Şaylı. 🤝 Kinstellar worked in close collaboration with Bowmans (Law Firm), as to South African law, throughout the transaction. 🔗 https://lnkd.in/dGb_wDV9   🙌 Kinstellar operates in #Turkey in cooperation with KST LAW, a full-service corporate law firm based in #Istanbul. #donedeals #intheknow #MergersAndAcquisitions #CorporateLaw #Kinstellar #KSTLaw #TurkeyBusiness #AutoIndustry #GlobalTransactions #BatteryManufacturing #PrivateEquity #CrossBorderDeal #LegalExperts #MetairGroup #BusinessExpansion #DealAdvisory

📢 🇷🇴 #Romania strengthens #compliance regulations for #crypto service providers ₿ 📝 Romania’s National Office for the Prevention and Control of Money Laundering has recently published a draft Emergency Ordinance to align national law with the EU's Fifth AML Directive and MiCAR regulations. This crucial update focuses on increasing compliance for crypto-asset service providers, ensuring tighter oversight and reducing the risks of money laundering and terrorist financing. 📌 Some of the key updates: 👉 Introduction of the term "crypto-asset service provider" to standardize terminology; 👉 A well-defined regulatory framework and rigorous #KYC, #AML, and #CFT requirements; 👉 Enhanced supervision by the National Bank of Romania and the Financial Supervision Authority; 👉 Mandatory appointment of a single point of contact for providers authorised in other EU member states. 📅 The new provisions will come into force on 30 December 2024, with certain compliance obligations starting in January 2025. 🔗 Read more about the regulatory changes and their impact in the article ✍️ written by Razvan Constantinescu, Managing Associate, and Horațiu Crețu Cretu, Junior Associate 👉 https://lnkd.in/dcg__kYY #intheknow #CryptoRegulation #AML #CryptoCompliance #FinancialRegulations #MiCAR

📢 🇺🇦 Olena Kuchynska, Managing Partner of our #Ukraine office and co-Head of Kinstellar’s firm-wide ESG service line, will speak at the #ESG & #Compliance Forum 2024 covering #EU Directives: ''How Companies Should Act in Ukraine'', 📍 taking place in #Kyiv, on 📅 19 September. 👉 The forum participants will discuss the most pressing issues in sustainable development, corporate social responsibility, and legal compliance, including: 🌍 Vision: the global ESG regulatory landscape – what are the challenges for companies? 🏢 ESG transformation and corporate responsibility management. ⚖️ The role of compliance in ESG – synergy of capabilities, objectives, and processes. 🚨 Managing ESG risks in organisations. 💡 ESG for business leadership. 🔗 Register here: https://lnkd.in/djEubgj7 #intheknow #ESG #Compliance #Sustainability #KyivEvent #CorporateResponsibility #Networking #LegalCompliance #UkraineBusiness #ESGForum2024

🇸🇰 📈 In early August 2024, the Ministry of Justice of the #Slovak Republic published its annual statistical yearbook for 2023. 👉 While the impact of the judicial map reforms initiated in 2023 has yet to be fully realized, the data offers some interesting insights. 📝 In the article below, Michal Hrušovský (Managing Associate) and Viliam Achberger (Junior Associate) explore emerging trends and other notable findings from the yearbook. 👇 Read more and access the whole article here: 🔗 https://lnkd.in/dDXiqhc7 #intheknow #JudicialReforms #SlovakiaLaw #LegalTrends #JusticeStatistics #JudicialMap #LegalInsights #Kinstellar #LawInSlovakia

💼 #Kinstellar is proud to have successfully advised Nova Ljubljanska Banka, d.d. (NLB), #Slovenia’s largest #banking group, in completing the #acquisition of 100% of SLS HOLDCO, holdinška družba, d.o.o., the parent company of Summit Leasing Slovenija d.o.o., and its subsidiaries, including Croatian Mobil Leasing d.o.o. After receiving all required regulatory and anti-trust approvals, NLB became the sole shareholder.   🌟 The Kinstellar team was led by Partner Emre Edmund Ozer, supported by Associate Bianka Kovacs dr.. 🔗 https://lnkd.in/dVyy_Z4t #donedeals #FinancialServices #MergersAndAcquisitions #CorporateLaw #LegalAdvisory #NLBGroup #SummitLeasing #KinstellarDeal #CrossBorderTransaction #LawFirm #BankingIndustry #LegalExpertise #DealCompleted 

中秋月,故乡连,团圆夜,心相连。Kinstellar律师事务所全体同仁向您及您的家人致以最诚挚的节日祝福,中秋节快乐. 🌕 Wishing you a Happy Mid-Autumn festival! 🌟 #HappyMidAutumnFestival #MidAutumnFestival #MoonFestival #MidAutumnCelebration #FestivalOfLights #LunarFestival

🎬 Kinstellar #FinTech Talks + #Gaming: New Episode 👇 📅 17 September ⏰ 11:30 CET 🎤 Join us for an interactive discussion hosted by Illya Muchnyk, Kinstellar’s firm-wide Head of Fintech. This episode features Masha Stolbovа, Chief Legal Counsel at Natus Vincere, one of the world’s top #esports organizations. Together, they’ll dive into the following topics: ✔️ #Esports from the insider; ✔️ Structure and participants of the industry; ✔️ Legal implications in esports; ✔️ Building the ecosystem in an unregulated market; ✔️ Role of in-house and external lawyers.    👉 To register please email us at 📧 . #intheknow #EsportsLaw #FintechTalks #EsportsIndustry #LegalInEsports #InHouseCounsel #FintechAndLaw #BuildingEsports #UnregulatedMarkets #EsportsEcosystem #LegalTech #EsportsInsights #Kinstellar

📢 🇺🇦 Kinstellar is proud to have acted as #Ukrainian legal counsel to NJJ Capital, the #investment company of France’s leading #technology entrepreneur Xavier Niel, on the landmark roll-up of its businesses in the telecommunications sector in #Ukraine. 💼 The deal involved the acquisition and merger of Datagroup-Volia, one of Ukraine’s largest fixed telecom and pay-TV providers, and Lifecell, Ukraine’s third-largest mobile operator. 📡 Kinstellar’s legal team provided comprehensive Ukrainian law advice to NJJ Capital throughout the transaction. 🚀 Lead lawyer and office managing partner Olena Kuchynska, noted, "We hope that this investment serves as a signal to other foreign investors to not wait to the end of the war, and to invest in Ukraine’s many opportunities now. I’m very proud of our team for their hard work to conclude this deal under very challenging circumstances.” 🌟 The #Kinstellar team led by Olena included Natalia Kirichenko (Partner), Ihor Kitela (Of Counsel), Yulia Eismont (Counsel), Oleksandra Poliakova (Managing Associate), Olena Stanishevska (Senior Associate), Mykola Lykhoglyad (Senior Associate), Diana Malysh (Associate) and Danylo Kholodyan (Junior Associate). 🔗 https://lnkd.in/dPbGjfSG #donedeals #telecom #MergersAndAcquisitions #Ukraine #telecommunications #exceptionaltogether

📢 🇷🇴 Romania introduces a new #tax #amnesty program 💸 On 6 September 2024, the Romanian #government adopted Emergency Ordinance no. 107/2024 regulating a nationwide tax amnesty generally aimed at cancelling late payment interest and penalties, as summarised in the article below 👇 📌 Key points covered: 👉 Taxpayers can benefit from a waiver of interest, penalties and other additional charges for outstanding debts as of 31 August 2024; 👉 Profit taxpayers, microenterprise taxpayers and tax groups may benefit from a discount for the payment of certain tax liabilities. Further instructions are expected for the application of the tax amnesty program. 📩 For more insights or questions, contact Theodor Artenie, Counsel in Bucharest and Head of the local Tax service line. ✍️Carmen Mazilu, Senior Tax Advisor, co-authored the article above. 🔗 https://lnkd.in/eQWk4-AU #Romania #TaxAmnesty #TaxRelief #TaxUpdates #DoingBusinessInRomania #FiscalUpdates #Tax