We remain shocked by and deeply condemn the Russian military aggression in Ukraine and the resulting war and human suffering. One of our largest offices is in Kyiv and our thoughts are with our colleagues, their families, and the Ukrainian people.
We continue standing with the people of Ukraine and are united with those in governments and the business community calling for an immediate cessation of the acts of war, a withdrawal of Russian forces from Ukraine and the restoration of peace with no further delay.
We support the efforts for peace through international sanctions and informal boycotts to bring pressure to bear on the Russian authorities to cease the aggression and stop the war in Ukraine.
We ensure compliance with applicable local, EU, UK and US sanctions regimes and will not work for Russian clients falling within the remits of such sanctions.
Zolgensma[i] is an orphan medicinal product designated by the European Medicines Agency for the treatment of spinal muscular atrophy (“SMA”), a long-term debilitating and life-threatening disease that causes breathing difficulties and paralysis that worsens over time. Zolgensma, which has been authorised in the EU since 18 May 2020, was developed by AveXis EU, Ltd. and later acquired by Novartis. On 13 March 2023, the Bratislava V District Court issued an injunction against public health insurance provider Všeobecná zdravotná poisťovňa (General Health Insurance, "VsZP"), ordering it to pay for Zolgensma, which is not reimbursed by the Slovak public health insurance system. This is the first court decision ordering
The Law of Ukraine "On Payment Services" creating a new legal landscape for the provision of payment services in Ukraine, came into force on 1 August 2022. At the same time, certain provisions of the law, which mostly relate to open banking, will become effective in 2025. Click on one of the images below to read the whole overview of the main provisions of the law, or click use the following links to read in English or in Ukrainian. Download in English: Download in Ukrainian:
The deadline for updating Czech UBO registrations based on an amendment to the Czech UBO law adopted last year is 1 April 2023. Check that your UBO registration is up to date and that the registered UBO(s) still meet the UBO definition under the updated laws. Click on this link or the image below to read the whole overview.
The Russian invasion is still ongoing, affecting all areas of life in Ukraine, but there are slivers of hope and reasons to stay positive and optimistic, according to Kinstellar Partner Alla Kozachenko. “Russia’s full-scale invasion continues with heavy shelling of infrastructure – aiming to cut off connectivity, water, and electricity,” Kozachenko begins. “Lawyers had to adapt in order to ensure the continuity of services to their clients. With power outages for more than ten hours a day, we had to work from 'points of unbreakability,' gas stations, bomb shelters, and other locations, and we had to distribute work to colleagues outside of Ukraine as well. Our offices are now fully equipped with power generators
Since the outbreak of war in Ukraine, the world faces an ever-increasing number of restrictive measures and sanctions introduced in various jurisdictions. While the global sanctions landscape has been long established, it has developed rapidly after February 24, 2022. Ukraine introduced its first sanctions law in 2014 after Russia annexed Crimea (the Law of Ukraine on Sanctions No. 1644-VII, dated August 14, 2014 – Law on Sanctions). Since then, Ukraine implemented further autonomous sanctions and introduced various restrictive measures similar to sanctions in nature. Following the full-scale Russian invasion, the Ukrainian authorities have been closely monitoring and synchronizing Ukrainian sanctions with those
This article refers to situations where a director of a Slovak company (i.e., a person appointed to be the statutory representative) is in parallel engaged as an employee, occupying a senior management position such as CEO, CFO, COO, etc., in the same company. These situations are relatively common in Slovakia, but they bring more practical and legal challenges than the company might expect. Employee Employment relationships are regulated by the Slovak Labour Code. In an employment relationship, the employee performs for the employer (the company) so-called dependent work characterised by the employer´s authority and the employee´s subordination. Empl oyment has the
The Bulgarian Parliament has passed an Act on protection of persons who report breaches or publicly disclose information on violations (the “Whistleblowing Act”, the “Act”), implementing Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law. The Whistleblowing Act will become effective as of 4 May 2023 and aims to protect persons reporting breaches of Bulgarian law and / or EU law. It has a wider scope than the EU Whistleblowing Directive: the Whistleblowing Act extends protection under national law to include reporting on breaches in the areas of labour law and general criminal law. What this means for you?
Engaging employees and contractors requires different approaches. In this article, we'll explore the key aspects of each and provide insights on best practices for collaboration. Whether you're a manager, a recruiter, or a worker, this article can help you make informed decisions about employment relationships and contractor partnerships. Click on this link or the image below to read.
On 21 February 2023, the Ministry of Economy of the Slovak Republic (“the Ministry”) published a call for the submission of applications for a subsidy to cover additional costs due to the increase in gas and electricity prices (“the Call”). The aim of the Call is to compensate qualifying companies and natural persons (entrepreneurs) for excessive energy prices from January to March 2023. In this article, we present an overview of the key information. Basis The Call was published in accordance with the state aid scheme approved by the European Commission under No. SA. 104846 under the State aid Temporary Crisis Framework (“the Scheme”). The Ministry has allocated a total amount of EUR 279,820,623
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
📣 🇸🇰 Proud of the results of our #outstanding team in #Slovakia in the #2023 edition of Chambers and Partners #Europe. 🏆 We are highly recognised for our #strength, #responsiveness, detailed #knowledge and impressive client service in #Banking & #Finance, #Competition, #Corporate M&A, #Employment, #Energy #realestate and #Restructuring & #Insolvency. ✨ Congratulations to Partners Adam Hodon (Corporate M&A), Viliam Mysicka (Corporate M&A, Real Estate, Restructuring & Insolvency), Roman Oleksik (Energy, Real Estate), and Counsel Tomáš Melišek (Banking & Finance), for being singled out among the #leading #lawyers in their areas. 👏 💬 Clients comment that the team has ‘’adapted the advice in an #excellent way to the business model of the client’’, others adding that "Kinstellar has the ability to cope with #complex issues and delivers very #quickly’’ and ‘’they are #smart and provide #valuable advice." #intheknow #leadinglawfirm #leadinglawyers #exceptionaltogether
Delighted for having been part yet again of PRIA #Competition Conference, one of the largest events dedicated to competition in #Romania, organised by PRIAevents together with the Romanian Competition Council.
Thankful for the opportunity to be the co-sponsors, alongside Slovenská sporiteľňa (Erste), of the "2nd Annual Restructuring Day” event organised by AmCham Slovakia, on 21 March 2023.
📣 🇹🇷 Congratulations to our #exceptional team in #Turkey for the results in the #2023 edition of Chambers and Partners #Europe. 🏆 We are highly recognised for our #strength, #knowledge, solid track record and #outstanding client service in #Corporate M&A and Capital Markets. ✨ Congratulations to Partners Mufit Arapoglu (Capital Markets), Baran Gen (Corporate M&A) and Emre Edmund Ozer (Corporate M&A) for being singled out among the #leading #lawyers in their areas. 👏 💬 Clients praise the team as ‘’highly #experienced in handling #sophisticated matters'’ and further add that ‘’the lawyers apply common sense, they address the matter in a way that makes sense and they are easily #approachable". #exceptionaltogether #intheknow #leadinglawfirm #leadinglawyers
📢 🇺🇦 Proud of the results of our #remarkable team in #Kyiv, #Ukraine, in the #2023 edition of Chambers and Partners #Europe. 🏆 We are highly recognized for our #excellence, #perseverance and #dedication to our clients during these most challenging times in #Corporate M&A, #Competition/Antitrust and #Dispute Resolution. ✨ Congratulations to Partners Olena Kuchynska (Corporate M&A), Alla Kozachenko (Corporate M&A), Olga Vorozhbyt (Dispute Resolution), Olexander Martinenko (Dispute Resolution) and Galyna Zagorodniuk (Corporate M&A and Competition) for being singled out among the #leading #lawyers in their areas. 👏 #exceptionaltogether #intheknow #leadinglawfirm #leadinglawyers #awardsandrecognition #slavaukraini
📢 The #healthcare industry in Central and Eastern Europe and Turkey is undergoing a #digital #transformation, with #telemedicine at the forefront. Governments and healthcare providers are adopting digital solutions to improve #medical services and support healthcare system #digitization, which can increase efficiency, reduce costs, and improve access to healthcare. 💡 👇🏻 Read an overview below written by our experts. #intheknow #exceptionaltogether #leadinglawyers
📢 🇭🇷 Congratulations to our #outstanding team in #Croatia for the excellent results in the #2023 edition of Chambers and Partners #Europe! 🎉 🏆 We are ranked in Band 1 in #Dispute Resolution, while being highly recognised for #Banking & #Finance #Corporate/Commercial, and #realestate. ✨ Congratulations to Partners Miroslav Plašćar (Dispute Resolution, Real Estate), Mihovil Granić (Banking & Finance) and Edin Karakas (Dispute Resolution), for being singled out among the #leading #lawyers in their areas. 👏 💬 Clients highlight that our team always ''shows #excellent knowledge of laws and regulations in many fields, and has been #successful with the most #complex and #sophisticated matters over the years'', and others add that ‘’the lawyers are very #fast, #clear in their opinions, provide good solutions and their level of knowledge is #great’’. #exceptionaltogether #intheknow #leadinglawfirm #leadinglawyers #awardsandrecognition
📢 🇭🇺 Congratulations to our #exceptional team in #Hungary for the excellent results in the #2023 edition of Chambers and Partners #Europe! 🎉 🏆 We are ranked in Band 1 for #Banking & #Finance and #Projects & #Energy, while being highly recognised for #Corporate/M&A, #Competition/Antitrust and #realestate. ✨ Congratulations to Managing Partner Ferenczi Kristóf (Band 1, Projects & Energy), Partners Csilla Andreko (Band 1, Banking & Finance, Capital Markets), Annamaria Csenterics (Corporate/M&A), Gábor Gelencsér (Corporate/M&A), Anthony O'Connor (Corporate/M&A), Balazs Sepsey (Projects & Energy), Péter Vörös (Competition/Antitrust), Of Counsel Monika Frank (Real Estate), Senior Counsel Nagy Akos (Corporate/M&A), Counsel Levente Hegedűs (Banking & Finance), Managing Associates Zsuzsa Andrékó and Nagy Máté (both Banking & Finance), for being singled out among the #leading #lawyers in their areas. 👏 💬 According to clients ''Kinstellar has a #strong team with a lot of #experienced lawyers who provide a #firstclass service, while others add that: "We were greatly satisfied with their ability to handle #complex and #sophisticated matters." #exceptionaltogether #intheknow #leadinglawfirm #leadinglawyers #awardsandrecognition
📢 🇨🇿 In a recent decision (27 Cdo 1858/2022), the #Czech Supreme Court affirmed the legality of entering into a contract containing both a future contract for the transfer of a share in a cooperative and an undertaking for the transfer of a share in a cooperative, where its effectiveness is tied to the fact that the implementation contract of the future contract will not be concluded within a period of time set in the future contract. 💡 🎯 Why is this significant for your business? This decision paves the way also for smoother #transactions in company interests or real estate transfers, offering guidance on expediting the exercise of rights under a future contract, should a party fail to fulfil its obligations. 🚀 The result? A streamlined process that bypasses the need for court intervention to determine the content of a future contract. For more information please get in touch with Petr Mestanek at 📧. #transferofshares #CzechSupremeCourt #futurecontract #leadinglawyers #exceptionaltogether #intheknow