16 July 2025 – It has come to our attention that there is an increased level of impersonation fraud activity targeting Kinstellar. This includes a number of unauthorised, fraudulent emails falsely claiming to originate from various Kinstellar offices, as well as a fake website – "kinstellar.finance" – that is fraudulently using our firm's name, offering non-existent legal services by non-existent lawyers, and referencing the address of our Prague office. Th e website "kinstellar.finance" has no connection whatsoever to Kinstellar or any of its offices. Any communications originating from that domain, or similar unofficial sources, are part of an illegal impersonation scam. This fraudulent
The law recently published in the Official Gazette no. 1160 of 15 December 2025 brings important changes to tax and corporate legislation. Obligation to hold a bank account All legal entities will be required to open a payments account in Romania for the entire duration of carrying out their activity; This formality must be completed within 60 days since incorporation, for companies established after the entrance into force of the law; Sanctions: Penalties ranging from RON 3,000 to RON 10,000. Being declared inactive by the fiscal authority. Companies organised and functioning as provided by Law no. 31/1990 that remain inactive for more than
On 15 December 2025, the Romanian Parliament adopted Law no. 239, which will enter into force on 18 December 2025. The law introduces significant amendments to the Fiscal Procedure Code, the Fiscal Code, and other related regulations. The main changes are presented below: Legislative updates regarding legal entities As of 1 January 2026, taxpayers which had in the previous year a turnover below EUR 50 mil. (note: those not subject to IMCA), incurring expenses related to intellectual property rights, management, advisory from non-resident affiliated parties, where such expenses exceeded 1% of the total expenses according to 2024 accounts, may deduct these expenses, in the current tax year (2025 and
In a legal landscape marked by inconsistencies and uneven practices in labour law, the correct application of legal rules is becoming an increasingly difficult goal to achieve. However, Romania's High Court of Cassation and Justice ("ICCJ") has recently intervened with a series of key decisions that not only provide important clarifications but also reconfigure principles of Romanian labour law, addressing issues of utmost importance, such as: prohibition of dismissal during sick leave; the procedure for reinstating an employee who has been unlawfully dismissed; suspension of individual employment contracts in cases of leave of absence for maternity risk. These decisions
Europe has just introduced two significant developments that will directly affect how companies build, deploy, and oversee AI in 2026. One strengthens reporting. The other reshapes key compliance deadlines. 1. The AI act whistleblower tool is live—and it changes the game The EU's new AI Act Whistleblower Tool is officially online, allowing any individual professionally connected to an AI model provider to flag risky or unlawful practices linked to general-purpose AI models and certain regulated AI systems. Reports can be submitted anonymously, in any EU language together with supporting documents via a secure inbox that also supports follow-up questions. While the AI Office will maintain strict
For years, proxy advisors Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have shaped voting behaviour at annual general meetings ("AGMs") of publicly listed companies, including in Austria, through their uniform "benchmark" voting recommendations. This approach, it appears, will soon be history. What's new Beginning in 2027, Glass Lewis will discontinue its long-standing practice of issuing single, default "benchmark" voting recommendations and instead collaborate with institutional clients to create fully customised voting policies supported by company-specific research reports ahead of AGMs. Glass Lewis aims to have all clients transitioned
Kinstellar, in cooperation with Noerr as lead counsel, has advised GEA Group, a DAX-listed company and one of the world's largest suppliers of systems for the food, beverage, and pharmaceutical industries, on the Romanian law aspects of its joint venture with RebelDot, a leading Romanian technology company based in Cluj-Napoca. GEA operates in over 150 countries and provides cutting-edge solutions through its industrial cloud platform, GEA Cloud®. The company is listed on the DAX and the STOXX® Europe 600 Index. RebelDot, headquartered in Cluj-Napoca, is a fast-growing technology firm specializing in delivering innovative software solutions, including web, mobile, and AI services, primarily to industrial
In a recent event held at the Royal United Services Institute, Kinstellar and the Strategy Council, working in partnership with the Embassy of Ukraine in the United Kingdom, co-organised the 4th Defence Tech Forum in London, Financing Joint UK-Ukraine DefenceTech Development and Co-production. Following opening remarks by Stephen Butler, Managing Director of Strategy Council, Daniel Bilak, Partner at Kinstellar Ukraine, framed the event's two-fold purpose: first, to highlight the significant step-change in UK-Ukraine private sector defence cooperation over the past year under the UK-Ukraine 100-year partnership; second and equally important, to present the investment potential of Ukraine's defence-tech sector to
With the new Crypto Reporting Act ("Krypto-Meldepflichtgesetz" – Krypto-MPfG) effective from 1 January 2026, Austria aligns with international standards for transparency and tax compliance in the digital asset space. This reflects the EU's broader push for harmonised regulation under DAC8 (the eighth amendment to the Directive on Administrative Cooperation in Direct Taxation, which mandates the automatic exchange of information on crypto-asset transactions between the Member States), the OECD's Crypto-Asset Reporting Framework ("CARF"), and the EU's Markets in Crypto-Assets Regulation ("MiCAR"). The new legislation implements international standards and sends a clear message: the regulatory net is tightening
Kinstellar acts as trusted legal counsel to leading investors across Central and Eastern Europe (CEE), Southeast Europe (SEE) and Central Asia. Our reputation for quality, excellence and integrity speaks for itself.
With offices in 12 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.
*2024 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 Central and Eastern Europe (CEE), Southeast Europe (SEE) and Central Asia.
Our Team📰 Jan Juroska's article is featured on the front page of CEE Legal Matters! 🌍 In the article, Jan explores the current state of M&A practice in Central and Eastern Europe, analysing the challenges posed by geopolitical tensions, inflation, and regulatory hurdles. Despite these challenges, he highlights the ongoing opportunities within the region, focusing on how strong fundamentals continue to drive deal-making. With a special focus on markets like Romania and the rise of local capital, the article offers a comprehensive look at how investors are adapting to these changing times. Jan Juroška is the Managing Partner of our Prague office, the Head of the local and the Co-Head of the Firm-wide M&A, Corporate and Private Equity Service Line. He has a particular focus on private equity and corporate finance. #ExceptionalTogether #InTheKnow #CEE #CEELM #LegalMatters #MandA #Compliance #Law #Geopolitics #CEERegion #PrivateEquity
🚨 New pressure, new delays: The EU’s double move on AI 🚨 The European Union has just introduced two significant changes that will impact how companies handle AI in 2026. Here’s what you need to know: 💡 AI Act Whistleblower Tool is live The new AI Act Whistleblower Tool allows individuals connected to AI model providers to report risky or unlawful practices. Reports can be submitted anonymously in any EU language and could help shape AI compliance moving forward. Companies must ensure their whistleblowing frameworks are aligned with this new risk landscape. 💡 The “Digital Omnibus on AI” reshapes compliance timelines The EU has proposed significant amendments to the AI Act, including extended deadlines for high-risk AI requirements and longer grace periods for legacy systems. These changes will impact AI providers and deployers across Europe, especially with the expanded obligations and revised timelines. The consultation window is open until March 2026 and companies should consider submitting feedback to influence the final version. Why this matters: ✅ Anonymous reporting is here, so internal procedures must be AI-ready. ✅ Compliance timelines are shifting, and systems must be reassessed. ✅ Supervision will tighten, especially for AI built on general-purpose models. 💡 Our latest article, written by Andrada Popescu, Managing Associate (Bucharest), explores these new developments and their implications for AI compliance in the EU. 📖 Read the full article here: https://lnkd.in/d5ZZ4iej #ExceptionalTogether #InTheKnow #AICompliance #AIRegulation #AIWhistleblower #DigitalOmnibus #EURegulation #AIAct #AIReporting #ComplianceUpdate #TechLaw #Innovation
We’re delighted to announce that our team has been ranked Band 1 in the Chambers and Partners Fintech Legal Guide for the Czech Republic! 🎉 This major recognition highlights the exceptional work and expertise of our team in the fast-evolving #fintech sector. A heartfelt thank you to our incredible team for their hard work, passion, and dedication. This achievement wouldn’t have been possible without the collective effort that drives us forward! 💡 We’re excited for what’s to come as we continue to lead and innovate in the fintech legal space in the Czech Republic. A special shoutout to Counsel Filip Murár and Managing Associate Jakub Šťastný for their outstanding contributions! #ExceptionalTogether #InTheKnow #ChambersRanked #LegalExcellence #Teamwork #Banking #Finance #CzechRepublic #Band1
✨ We are honoured and proud to share our rankings in the Chambers and Partners Asia-Pacific Guide 2026, which highlight the leading law firms and lawyers across the region based on extensive independent research. 🇰🇿 Our #Kazakhstan offices were highly recognised in three categories: ⭐ Corporate & Finance: Band 1 ⭐ Dispute Resolution: Band 2 ⭐ Energy & Natural Resources: Band 2 🇺🇿 Our team in #Uzbekistan achieved Band 3 in General Business Law. ⭐ 🏅 We are especially proud of the 10 exceptional lawyers who received individual recognitions in this year’s edition, reflecting their dedicated work, deep expertise, and unwavering commitment. A sincere congratulations to our ranked teams, and a warm thank you to our clients for their ongoing trust and collaboration. #ExceptionalTogether #InTheKnow #ChambersAsiaPacific #AsiaPacific #CorporateLaw #Finance #DisputeResolution #EnergyLaw #BusinessLaw #LeadingLawyers
🇷🇴 How to prepare for a compliance check by the fiscal authorities in #Romania Did you know that 62% of all tax inspections in Romania are compliance checks? These checks focus on specific transactions or sets of transactions within a defined period. They may happen without you even realizing it, as they often take place in the background. 💡 Watch the full video by Theodor Artenie (Tax Advisor, Counsel) to find out what key rights you should be aware of during a compliance check and how to protect yourself in the process. 📖 Learn more about our integrated approach in our brochure: https://lnkd.in/gEbk-3sF *** 🇷🇴 Cum să te pregătești pentru o verificare documentară a autorităților fiscale din România Știați că 62% din totalul inspecțiilor fiscale din România sunt verificări documentare? Aceste verificări se concentrează pe anumite tranzacții sau seturi de tranzacții, într-o perioadă de timp delimitată, și se pot desfășura fără ca dumneavoastră să știți, deoarece au loc în fundal. 💡 Urmărește acest video în care Theodor Artenie (Counsel, Head of Tax) îți explică care sunt drepturile tale în timpul unei verificări documentare și cum să te protejezi pe parcursul acestui proces. 📖 Află mai multe despre abordarea noastră integrată în broșura disponibilă aici: https://lnkd.in/gEbk-3sF #TaxDispute #Taxation #TaxInspection #LegalRights #TaxAdvisor #ComplianceCheck #FiscalAuthority #TaxAppeal #InTheKnow #ExceptionalTogether
💡 We are delighted to highlight Ana Arambasic's (Managing Associate from our #Belgrade office) contribution to the inaugural edition of The Legal Industry Reviews: Serbia. This concise yet comprehensive publication brings together insights from practitioners across different practice areas to map out current trends in Serbia’s legal market, along with the dynamics and changes influencing our key sectors. 🇷🇸 📌 Ana authored the chapter on the #employment & #labour law practice area, addressing the Serbian legal framework for remote work. In a dedicated section, she also shared the most recent developments in her practice area. It’s been a pleasure to join colleagues from across the profession in reflecting on the direction of our market and the challenges and opportunities ahead. 📰 Read the full edition here, and turn to page 36 to find Ana's article: https://lnkd.in/eUpzW6my #ExceptionalTogether #InTheKnow #EmploymentLaw #LabourLaw #Serbia #LegalMarket #LegalUpdate #LIR #LIRSerbia
🌟 We are proud to share that four of our offices have been recognised in the GCR 100 2026 by Global Competition Review, a benchmark publication showcasing the world’s leading competition law practices. Our teams were highlighted for their work on a number of significant and complex matters across the region: 🇭🇺 #Hungary: Highly Recommended Our team is described as a “well-established Budapest competition practice that has acted in several of Hungary’s most prominent investigations”, and is spotlighted for involvement in matters relating to Nitrogénművek, Cofidis, and ALTEO. 🇸🇰 #Slovakia: Highly Recommended The Bratislava team is highlighted for advising I Squared Capital on its acquisition of the Arriva Group from Deutsche Bahn, as well as supporting BYD Europe. 🇹🇷 #Turkey: Recommended Our team in Istanbul is praised for our work with Advent International on its acquisition of TBI Bank; with Quexco on its acquisition of Mutlu Akü; and with BYD. 🇺🇦 #Ukraine: Recommended The Kyiv team is recognised for our “standout cross-border engagement” in advising NJJ Capitalin on its acquisition of Datagroup-Volia and Lifecell; as well as our role in Orbico acquiring a controlling stake in SAV 92. 👏 A big congratulations to our #Competition teams across the firm for their continued excellence, commitment, and impactful work. And thank you to our clients for trusting us with their most important matters. #ExceptionalTogether #InTheKnow #GCR100 #CompetitionLaw #LegalExcellence #Recognition #TeamSuccess
We recently hosted a workshop at our #Prague office on the topic of EU ETS2 (almost in practice). With mandatory emissions monitoring and reporting now underway for fuel suppliers since January 1, 2025, and the upcoming start of emissions pricing and trading in 2028, the new EU Emissions Trading System 2 (#ETS2) is set to have a significant impact on the energy sector.
🌟 We are proud to have advised GEA Group, a DAX-listed company and one of the world’s largest suppliers of systems for the food, beverage, and pharmaceutical industries, on the Romanian law aspects of its joint venture with RebelDot, a leading Romanian tech company based in Cluj-Napoca. Noerr acted as lead counsel to GEA on this transaction. 💻 The joint venture, “RebelDot Process Industries”, is set to launch in January 2026 and will specialize in delivering cutting-edge software development services, including web, mobile, and AI solutions. 👏 Kudos to our team advising on the matter, led by Partner Rusandra Sandu and Managing Associate Mihai-Cristian Stan: Associate Teodor Lupu (Corporate), Counsel Theodor Artenie (Tax), Partner Luiza Bedros (Antitrust), and Managing Associate Lidia Zarnescu (Employment). 🔗 https://lnkd.in/dGfZuuGB #ExceptionalTogether #DoneDeals #GEA #RebelDot #JointVenture #TechInnovation #AI #SoftwareDevelopment #LegalExcellence #Romania #CorporateLaw #Teamwork #BusinessGrowth