Kinstellar is proud to have advised the majority shareholders of Agrotex (one of the most important suppliers of cereals and agricultural inputs on the local market) on the sale of a significant stake to Promat Comimpex, a renowned agriculture player now controlled by the Ameropa Group. The deal will complete after the necessary consents and approvals have been obtained. Our assistance on this mandate was coordinated by Zsuzsa Csiki (Partner, Head of Corporate M&A in Romania) together with Mădălina Perte (Managing Associate) and involved a very talented and resilient team: Claudia Popescu (Special Counsel) and Ioana Popescu (Associate). Kinstellar Romania has emerged as a premier legal advisor in
Kinstellar is delighted to announce the appointment of new managing partners for our Bratislava and Prague offices, and of a new Chief Operating Officer (COO) effective 1 July 2024. Viliam Myšička is the new Managing Partner of the Bratislava Office, succeeding Adam Hodoň. Adam has been appointed as the Firm’s COO. Viliam has been with Kinstellar since its inception and was previously with Linklaters. He leads the M&A service line in Slovakia and serves as the head of the firm-wide Restructuring & Insolvency service line, as well as the co-head of the firm-wide Technology, Media & Telecommunications (TMT) sector. Viliam brings nearly 20 years of professional experience, advising clients across a wide range
According to the official website of the Government of Kazakhstan, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market is working on a new legislative proposal with the goal of broadening the participation of retail investors in collective investment schemes (the "CIS") across Kazakhstan. Currently, the CIS retail business is mainly possible within the Astana International Financial Centre (AIFC). While this could be seen as competition with the AIFC, in the long term, the adoption of such a law will help create a solid platform for the development of funds not only within the AIFC but also throughout Kazakhstan. In these proposed innovations, we see the influence of the flexible
In Ukraine, individuals are obliged to pay the respective real estate tax upon receiving a notification-decision from the tax authorities, which should arrive by July 1. Even if such a decision is not received by this date, the tax authorities still have a three-year period within which valid payment notifications can be sent. The tax authority regularly updates its tax database, so the safest way to check one’s tax liability is to use a personal online tax account on the official website of the tax authority. The attached alert outlines the key points regarding the payment of real estate tax for individuals, namely who must pay the tax, in what amount, within what time frame, etc. Please read below our overview in English
In private companies limited by shares, the most popular form of company established in the Astana International Financial Center ("AIFC") shareholders range from those with majority ownership stakes (i.e. greater than 50%) to those with smaller holdings. The latter, known as minority shareholders, often face challenges due to their limited ability to influence business decisions. Our expertise lies in safeguarding the rights of minority shareholders, offering advice on protection strategies and negotiation tactics to ensure fair outcomes in disputes involving misconduct by directors or controlling shareholders. After five years of closely monitoring the AIFC legislation and practicing corporate law within the AIFC, we believe
Kinstellar has recently provided expert legal advice to Edwards Lifesciences, a global leader in medical innovations for heart disease, as well as critical care and surgical monitoring, through a secondment arrangement, focusing on data protection. This collaboration ensured that Edwards Lifesciences navigated complex data protection regulations effectively, safeguarding their business interests and maintaining compliance with applicable laws. The expert legal advice was provided by Simona Semanová, with further support from our Kinstellar team in Prague led by Tomáš Čihula and Petr Bratský.
The Council of the European Union has recently adopted a new set of Anti-Money Laundering (AML) rules, nearly three years after the European Commission unveiled its package of legislative proposals. The legislative package introduces significant changes to the EU’s AML and Countering the Financing of Terrorism (CFT) landscape, including: A more detailed and synchronised approach as to implementing parts of the AML/CFT regulations such as in respect of client due diligence, internal policies and identification of beneficial owners; A requirement for each obliged entity to have a compliance manager (member of the management body/senior management); Extending the list of obliged entities to include (amongst
Mert Elçin appointed as Partner. Rebrand of local Turkish law business. June 2024 – Kinstellar has fundamentally strengthened its team in Turkey. Kinstellar is very pleased to announce the appointment of Mert Elçin as Partner and leader of our reinvigorated Turkish law practice. For compliance with local bar requirements, Turkish law services will be provided by KST Law in cooperation with our foreign attorney partnership in Turkey, Kinstellar Foreign Attorney Partnership, headed by Edmund Emre Özer. Mert and Emre are supported by a dedicated team of lawyers, which we are growing continuously. Mert Elçin, a renowned Turkish-qualified lawyer, brings over a decade of experience in corporate, M&A
The Government of the Czech Republic has introduced new regulations opening up the country’s labour market to citizens of nine countries. The measures, effective from 1 July 2024, are intended as a step towards a more open and flexible labour market in the Czech Republic. Specifically, citizens of Australia, Japan, Canada, South Korea, New Zealand, Singapore, the UK, US and Israel will no longer require a work permit, employee card, intra-company transfer card or blue card to work in the Czech Republic as of 1 July 2024. The changes abolish an existing requirement for job-seekers to supply details of employment contracts, evidence of professional qualifications or education, a transfer letter and documents evidencing the
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Our Team📢 🇨🇿 Check out this article in Forbes featuring Jan Juroska, our new Managing Partner at the Kinstellar Prague office. With the transfer of Noerr’s practices in the Czech Republic, Romania, and Slovakia to Kinstellar, Jan will be at the helm, guiding our strategic integration and enhancing our services in the Czech Republic. 🌍💼 We are confident that under his leadership, the Kinstellar Prague office will achieve new heights. 🚀🤝 Read more about this exciting development in Forbes: https://lnkd.in/eWqXrVHe #Kinstellar #Leadership #JanJuroška #LawFirm #Acquisition #DACHRegion #LegalServices #Growth #Forbes
🇰🇿 Expanding opportunities for retail investors in #Kazakhstan: AIFC's influence on the new #legislative framework 🚀 📰 According to the official website of the Government of Kazakhstan, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market is working on a new #legislative proposal with the goal of broadening the participation of retail investors in collective investment schemes (CIS) across Kazakhstan. 👉 Currently, the CIS retail business is mainly possible within the Astana International Financial Centre (#AIFC). While this could be seen as competition with the AIFC, in the long term, the adoption of such a law will help create a solid platform for the #development of funds not only within the #AIFC but also throughout Kazakhstan. 💡 In these proposed innovations, we see the influence of the flexible regime for collective #investments existing in the AIFC. It's evident that the current regime in Kazakhstan is not as flexible, and therefore, the introduction of these innovations (as mentioned on the Government's website) is a positive step forward. Investors may still choose the AIFC due to various existing tax incentives there. However, these innovations could potentially open doors for investors within Kazakhstan, generally, as well. 🔎 Read more in our article below, by Joel B. Benjamin, Managing Partner of our Central Asia practice, and Kuanysh Shekerbekov, Counsel. 🔗 https://lnkd.in/dc2xdQNS #intheknow #CentralAsia #Legislation #KazakhstanLegislation #InvestInKazakhstan #DoingBusinessInKazakhstan
📢 🎉 Kinstellar is delighted to announce the #appointment of new managing partners for our #Bratislava and #Prague offices, and of a new Chief Operating Officer (#COO) effective 1 July 2024. 🌟 🇸🇰 Viliam Mysicka is the new Managing Partner of our Bratislava office. Viliam has been with Kinstellar since its inception and was previously with Linklaters. He leads the M&A service line in #Slovakia and serves as the head of the firm-wide #Restructuring & #Insolvency service line, as well as the co-head of the firm-wide Technology, Media & Telecommunications (#TMT) sector. Viliam brings nearly 20 years of professional experience, advising clients across a wide range of sectors on M&A, #corporate, restructuring & insolvency, technology, and real estate matters. 🌟 🇨🇿 Jan Juroska takes up the role of Managing Partner of the #Prague office. Jan began his career as a Junior Associate at Linklaters 18 years ago and has been with Kinstellar since its launch in 2008. He also serves as a member of the Firm Management Committee and the co-head of the firm-wide #Corporate M&A Service Line. Jan has over 20 years of experience advising leading international corporations and private equity funds on all aspects of corporate law, in particular M&A, private equity and corporate finance. He has worked on many of the firm’s headline deals for its most high-profile clients. 🌟 Adam Hodon is appointed as Kinstellar’s Chief Operating Officer. Adam has been with Kinstellar since its launch in 2008 and previously with Linklaters. Before joining Linklaters in 2001, he started his career at PricewaterhouseCoopers. He was the Managing Partner of the Bratislava office, which he led successfully for nine years. In his new role, Adam will lead, coordinate, and provide leadership to the Business Services organisation and teams across Kinstellar. He will work closely with and provide strategic advice to Kristóf Ferenczi, the Firm Managing Partner. 💬 Ferenczi Kristóf, Firm Managing Partner, comments: ‘‘I am delighted to see these talented leaders, nurtured within our firm, stepping into new and important leadership roles. They bring fresh perspectives to our leadership and firm management, and I am confident that they will drive the continued growth and success of their respective offices and the Firm. I would also like to take this opportunity to express my heartfelt gratitude to Lukáš Ševčík, Adam Hodoň and former COO Patrick Lynch for their exceptional leadership and unwavering resilience during their tenures. They have created a strong culture, mentored their teams admirably, and provided steadfast support for many years. Their advice will continue to be indispensable as we build the future of our Firm.’’ #exceptionaltogether #leadership #LeadershipRoles #LawFirm #CareerProgression #KinstellarLeadership #BusinessGrowth
🇺🇦 🔔 Attention real estate owners in #Ukraine. 🏠 Check your personal online #tax account for real estate tax liability at http://cabinet.tax.gov.ua 💻 ✉️ Individuals are obliged to pay the respective real estate tax upon receiving a notification-decision from the tax authorities, which should arrive by July 1. Even if such a decision is not received by this date, the tax authorities still have a three-year period within which valid payment notifications can be sent. 🔍 The tax authority regularly updates its tax database, so the safest way to check one's tax liability is to use a personal online tax account on the official website of the tax authority. 🔗 Lyudmyla Dzhurylyuk, Managing Associate, and Vladyslav Serdiuk, Junior Associate, in our #Tax team in #Kyiv, have prepared the overview below. Read about the key points regarding the real estate tax payment here. 👇 #intheknow #LegalAlert #TaxAdvice #RealEstateTax #TaxLiability #UkraineTax #LegalAlert #TaxUpdates #LeadingLawFirm
Last week, our Prague and Bratislava offices hosted a hybrid event focusing on the evolving landscape of data privacy and online advertising. In a panel discussion, leading lawyers and industry professionals had a closer look on recent regulatory developments in the respective area and covered:
🇰🇿 🏢 In private companies limited by shares, the most popular form of company established in the #Astana International #Financial Center (#AIFC) shareholders range from those with majority ownership stakes (i.e. greater than 50%) to those with smaller holdings. The latter, known as minority #shareholders, often face challenges due to their limited ability to influence business decisions. 💡 Our #expertise lies in safeguarding the rights of minority shareholders, offering advice on protection strategies and negotiation tactics to ensure fair outcomes in disputes involving misconduct by directors or controlling shareholders. 👉 After five years of closely monitoring the AIFC #legislation and practicing corporate law within the AIFC, we believe that its corporate law offers stronger legal protections for minority shareholders compared to the general legislation in Kazakhstan. 👓 Read more in our article below written by Joel B. Benjamin, Managing Partner, our Central Asia practice, and Kuanysh Shekerbekov, Counsel. 🔗 https://lnkd.in/d2tHqkYS #intheknow #CentralAsia #DoingBusinessInKazakhstan #LeadingLawyers #LeadingLawFirm
📢 🇨🇿 From 1 July 2024, all employers who employ employees under agreements to perform work, i.e. special part-time contracts governed by Czech labour law (in Czech: “dohoda o provedení práce” or “DPP”), will face new registration and reporting obligations in relation to social security. Please read more below 👇🏻 For more information please get in touch with Iva Bilinska or Tereza Holubová. #exceptionaltogether #intheknow
🏃♂️🏃♀️ We want to thank all participants for their fantastic turnout and enthusiasm yesterday at the Prague Relay! 🌟 It was a great success, with six teams coming together from our Prague office! We had many first-time runners joining us, and we believe no one regrets participating. Looking forward to the next year edition🏃♀️🏃♂️ #exceptionaltogether
📢 🇨🇿 Kinstellar has recently provided expert legal advice to Edwards Lifesciences, a global leader in medical innovations for heart disease, as well as critical care and surgical monitoring, through a secondment arrangement, focusing on data protection. 💡This collaboration ensured that Edwards Lifesciences navigated complex data protection regulations effectively, safeguarding their business interests and maintaining compliance with applicable laws. 🌟 The expert legal advice was provided by Simona Semanová, with further support from our Kinstellar team in Prague led by Tomas Cihula and Petr Bratský. #exceptionaltogether #dataprotection https://lnkd.in/ecCCwPMw