Kinstellar is delighted to announce that Kristóf Ferenczi has been appointed as new Firm Managing Partner effective from 1 January 2024. He will succeed Patrik Bolf, who will take on a new position within the Firm focusing on certain firm-wide projects, after having spent a very successful six years in the role. Kristóf Ferenczi has extensive executive management experience having served on Kinstellar’s Firm Management Committee since 2018 and as the Managing Partner of the Firm’s Budapest office. With over 20 years of experience, Kristóf has been with Kinstellar since the Firm’s foundation 15 years ago, and prior to that with Linklaters and DLA Piper. Kristóf is a very well-regarded energy sector specialist
Kinstellar is delighted to announce that Balázs Sepsey has been appointed as new Office Managing Partner of Kinstellar’s Budapest office effective from 1 January 2024. Balázs takes over from Kristóf Ferenczi, who has been appointed Kinstellar’s Firm Managing Partner. Rising over the years from Junior Associate to Partner in 2021, Balázs has become one of the finest acknowledged professionals in his field. A recognised energy market expert, Balázs has been a key driver of the growth and success of the Budapest energy practice over the years. As a member of the Budapest office’s management team and a mentor in the local mentoring scheme, Balázs has gained a strong understanding of our culture and values.
Facing EU infringement concerns, Romania has finally adopted an ordinance amending the Competition Law no. 21/1996 (the “Competition Law”), aimed at fully transposing into local law EU Directive 1/2019 to empower the competition authorities of the Member States to be more effective enforcers and to ensure the proper functioning of the internal market (the “ECN+ Directive”). This was carried out through Government Emergency Ordinance no. 108/2023 (“GEO 108/2023”), published in the Official Gazette on 6 December 2023. GEO 108/2023 goes further than merely transposing the provisions of the ECN+ Directive (as some of the principles in the directive had already been reflected under national law previously)
A little over one year since Romania’s new foreign direct investment (“FDI”) screening regime (that we previously wrote about here and here) became fully operational, the Romanian government passed an emergency ordinance meant to further clarify particular aspects under the law (such as the scope of the screening regime, which is further extended) or to translate into law the lessons learnt or the authorities’ reading of the rules since applying the new FDI law. The new changes to the FDI law were introduced by Government Emergency Ordinance no. 108/2023 on amending the supplementing Competition Law no. 21/1996, as well as other normative acts (the “FDI Amendment Law”, published in the Official Gazette
Kinstellar has successfully advised Slovenia's largest banking group, Nova Ljubljanska Banka, d.d. Ljubljana ("NLB"), on the acquisition of 100% shareholding in SLS Holdco, the parent company of Summit Leasing, a leading provider of car financing in Slovenia, and its subsidiaries, from funds managed by affiliates of Apollo Global Management and the European Bank for Reconstruction and Development (EBRD). Completion of the transaction is subject to regulatory and anti-trust approvals and is planned for the second half of 2024. The acquisition would make NLB the first and only financial institution in the region to cover all leasing markets of the former Yugoslavia. Summit Leasing has a vast network
Kinstellar has successfully advised S IMMO AG, a real estate investment company, on the sale of Eurocenter, one of its office buildings in Zagreb, to Atlantic Grupa d.d. The transaction, which was carried out by way of a share deal, has an asset value of EUR 26.5 million. Eurocenter has been part of S IMMO AG’s commercial property portfolio since 2008. The centrally located, six-storey modern building features around 9,000 sqm and counts IBM, Atlantic Grupa, EBRD, and the Polish, Irish and Finnish embassies among its tenants. The Kinstellar team was led by Andrijana Kaštelan, Managing Associate, and included Duško Žurić, Partner, Senior Associates Tena Pajalić and Matea Sekur, as well as Kristina Marinov
Kinstellar’s Prague office has successfully advised Genesis Private Equity Fund III (GPEF III), from the established private equity group Genesis Capital, on the sale of SANBORN, a key supplier of precision components and specialised parts for the power generation, oil & gas and transportation industries, to Singapore-based industrial g roup Oriens. Sanborn manufactures and supplies critical components for the world’s leading manufacturers of generators and turbines, energy companies and transportation, mainly from special steel alloys. The company’s key clients include leading international industrial conglomerates such as GE, Siemens, Wabtec, Technip FMC, and OneSubsea. The company expects revenues
Amendments to Law of Ukraine on Advertising No. 270/96-ВР of 3 July 1996 have recently come into force. The amendments update obsolete regulations on advertising in Ukraine, thus ensuring advertising standards correspond to current technological developments. Click on one of the images below or click on the following links to read the overview in English or in Ukrainian. Download in English: Download in Ukrainian:
Kinstellar has successfully advised Chinese investors CMC Capital, a member of China National Technical Import and Export Corporation group (“CNTIC”), and Shanghai Electric Power & Energy Development Limited (“SEP”) on the acquisition of 100% of the shares in Crni Vrh Power d.o.o., a project company developing a 150 MW onshore wind farm in the eastern Serbian municipalities of Bor, Žagubica, and Majdanpek. The Crni Vrh wind farm was purchased "ready-to-build"—which means that all essential permits and land rights were secured prior to the start of the construction phase, which includes 28 wind turbines. With this acquisition, CNTIC and SEP have entered Serbia’s renewable energy sources (RES)
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 350 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.
*2022 rankings in core practice areas in international legal directories (Chambers & Partners, Legal 500, IFLR1000)
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📢 Kinstellar is delighted to announce that Ferenczi Kristóf has been appointed as new #Firm #Managing #Partner effective from 1 January 2024. He will succeed Patrik Bolf, who will take on a new position within the Firm, after having spent a very successful six years in the role. 🌟 Kristóf has extensive executive #management experience, having served on Kinstellar’s Firm Management Committee since 2018, as Managing Partner of the Firm’s Budapest office, and as Head of Kinstellar’s energy sector team for many years. With over 20 years of #experience, Kristóf has been with Kinstellar since the Firm’s foundation 15 years ago, and prior to that with Linklaters and DLA Piper. 🌟 His #leadership, #strategic vision, and #dedication to the Firm have earned him a reputation as a respected and accomplished professional among his colleagues, clients and peers. 💡 In his new role, Kristóf will seek to drive #innovation and #growth, focus on keeping clients’ needs at the centre of everything Kinstellar does and thereby further enhancing the firm’s excellent standing across the dynamically changing business environments of Central and South-Eastern Europe and Central Asia. 💬 Jason Mogg, Senior Partner of Kinstellar, comments: “I congratulate Kristóf on his appointment and I am hugely confident that, under his leadership, Kinstellar will continue to thrive and to exceed the expectations of both our clients and our own people. Kristóf has been the driving force behind many of the most successful firm-wide projects and initiatives. Kristóf’s strategic thinking, savvy and strong leadership, his dedication and instincts will enable Kinstellar to continue its #remarkable success story. I would also like to thank Patrik Bolf for his excellent service and invaluable contribution to the Firm over the past six years.” 💬 Kristóf adds: “I am honoured and excited to take on the Firm Managing Partner role. Kinstellar is an amazing firm with a unique model that has earned us a strong #reputation for delivering #outstanding legal services to our clients across Central and South-Eastern Europe and Central Asia. I am grateful for the strong foundation laid by my predecessor, Patrik Bolf, with whom I have worked closely over the years. Building upon the diversity and talent of our teams, our #commitment to the values Kinstellar represents, and our culture of seamless #collaboration, I will work with the Kinstellar #community to drive forward our #business, ensure that our clients achieve their goals, and that our teams realise their full potential.” 🙌🏻 🔗 https://lnkd.in/gWTMcamb #exceptionaltogether #leadership #managingpartner #leadinglawfirm #leadinglawyers
📢 This year Kinstellar is honoured to serve as a partner to the Game Developers Session, a long-running international conference held in Prague, and one of the most significant events in the region dedicated to #game development, #gaming #technologies and the video game industry. 💡 Video gaming lawyers Petr Bratský and Georgi Kanev will join forces at the conference with a premier league figure in the gaming industry, namely Nav Sunner from Navatron, to discuss the legal challenges of using #generativeAI in games development 🕹. 🌟 We cordially invite attendees to come and meet us during our panel, or anywhere at the conference, to discuss #AI, #IP, #dataprivacy and #videogames 🎮 in general. 👇🏻 For more information, please see here https://lnkd.in/gMYNz7P #gamedevczechrepublic #gamedev #gamedevelopment #gdsprague #exceptionaltogether #leadinglawyers #intheknow
🚨🌍 In an article from Responsible Investor, Kinstellar's ESG experts Karla Rundtova (Partner) and Jan Lehký (Counsel) provide expert insights on the Czech Republic's #ESG challenges regarding the #CSRD implementation deadline. A crucial moment for EU market equality! Read more for in-depth analysis. #ESG #LegalInsight #EURegulations 🇪🇺⏳ #exceptionaltogether #intheknow https://lnkd.in/drNYNMPC
🚀 Exciting Update on the #Advertising Regulatory Landscape in #Ukraine! 🇺🇦 Amendments to the #Law of Ukraine on Advertising have recently come into force. 📑 💡 Explore the key novelties, including an extended concept of advertising, criteria for the applicability of #Ukrainian advertising #laws, product placement #regulations, and much more. 👇🏻 Check out the overview below by our #Ukraine Intellectual Property and Technology team – Partner Natalia Kirichenko and Associate Anna Baliura. Stay ahead in the dynamic world of advertising! 💡 🔗 https://lnkd.in/d_CAPzpE #intheknow #AdvertisingRegulation #UkraineLegalUpdates #IndustryInsights #intellectualproperty
📢 🇭🇷 Our team in #Zagreb has successfully advised S IMMO AG, a real estate #investment company, on the #sale of #Eurocenter, one of its office buildings in Zagreb, to Atlantic Grupa d.d. The #transaction, which was carried out by way of a share deal, has an asset value of EUR 26.5 million. 🏢 Eurocenter has been part of S IMMO AG’s #commercial #property portfolio since 2008. The centrally located, six-storey modern building features around 9,000 sqm and counts IBM, Atlantic Grupa, EBRD, and the Polish, Irish and Finnish embassies among its tenants. 🌟 The Kinstellar team was led by Andrijana Kaštelan, Managing Associate, and included Duško Žurić, Partner, Senior Associates Tena Pajalić and Matea Sekur, as well as Kristina Marinov, Associate. 🔗 https://lnkd.in/ggM32ECw #donedeals #intheknow #realestate #officebuildings #croatia #balkans
📢 🇷🇸 Our team in #Belgrade has successfully advised #Chinese #investors CMC Capital, a member of #China National Technical Import and Export Corporation group (CNTIC), and #Shanghai Electric Power & Energy Development Limited (SEP) on the #acquisition of Crni Vrh Power d.o.o., a project company developing a 150 MW onshore #windfarm in the eastern #Serbian municipalities of Bor, Žagubica, and Majdanpek. 💡 With this acquisition, CNTIC and SEP have entered Serbia’s #renewable energy market. 👉🏻 The Crni Vrh wind farm is scheduled to begin commercial operations in 2025, with an expected annual #electricity generation of 480 million kWh. 🌟 The Kinstellar team was led by Miloš Velimirović, Managing Partner. Aleksa Bošnjović (Senior Associate) handled M&A and #energy-related matters, Mario Kijanović (Senior Associate), Miroslav Ravic (Associate) and Vuk Vučković, LL. M. (Associate) managed the #realestate issues, while Olga Šipka (Special Counsel) oversaw all #competition law aspects of the #transaction. 🔗 https://lnkd.in/dAwFET7r #donedeals #renewableenergy #renewablepower #renewablefuture #leadinglawyers #leadinglawfirm #mergersandacquisitions #balkans
📢 🇷🇸 Kinstellar has successfully advised #AIK Banka on the #competition law aspects of the EUR 280 million #acquisition of 100% of #Eurobank Direktna Beograd, #Serbia. 🏦 AIK Banka is a prominent #financial institution in Serbia and its recent acquisition strengthens its position as a key player on the #Serbian market. 👉🏻 The acquisition of Eurobank Direktna represents a significant milestone, underscoring the consolidation trend within Serbia's banking sector and is one of the largest transactions of this kind in the sector. ✨ Kinstellar's team, led by Olga Šipka, Special Counsel, and Aleksandra Stećuk, Senior Associate, provided support to AIK Banka on the competition law aspects of the deal, supporting the pre-signing #analysis and post signing activities in the #merger control process, which ended with with the receipt of all necessary #approvals from the competition authorities and successful closing of the transaction. 🔗 https://lnkd.in/gHRMXkAf #donedeals #financialsector #bankingsector #mergersandacquisitions #balkans #leadinglawyers #leadinglawfirm
🌟 #15 years #15 voices 🙌🏼 #15 years since Day 1, what does #Kinstellar actually mean to its people? 🎤 We talked to 15 #people from our offices who describe their #experience of working at the firm and what Kinstellar represents to them. 🎬 Kateřina Murphy highlights the importance of #teamwork and having a #cohesive team in the workplace. Kateřina has been with Kinstellar for a decade, serving as a legal assistant in our Prague office. “We don’t just share office space, we share moments.” At Kinstellar, we proudly nurture a spirit of teamwork every day, fuelling our #success and distinctive #culture. #exceptionaltogether #15years #leadinglawfirm #leadinglawyers
It is always a pleasure to contribute to such an important conversation about the #netzero economy. Antonia Mavrova, our firm-wide Head of Automotive & Industrials, presented the new #legal framework that aims to ensure EU access to supply of critical #rawmaterials, enabling Europe to meet its 2030 climate and digital objectives.