🇧🇬 ⏳ In less than two months, businesses will have the opportunity to start using a new #corporate vehicle available in #Bulgaria – the variable capital company (#VCC), designed to give more flexibility to founders and start-ups while reducing initial incorporation costs. ☝️ But does this flexibility also benefit #investors? Nina Tsifudina, Partner in #Sofia, reflects on some of the issues investors should be mindful of before investing in a Bulgarian VCC: 💡 Increased importance of due diligence 💡 Need for stronger anti-dilution protection 💡 Squeeze-out risk 💡 Repurchase of own shares affecting the financial stability of a VCC 💡 Liability of the controlling shareholders for actions of the VCC 💡 Need to ensure convertible loans protection 💡 Issues with converting a VCC to another company type 👓 Read here: 🔗 https://lnkd.in/dE4hRyrm #intheknow #startups #venturecapital #privateequity #legalupdates

💨 📢 🇷🇴 Delighted to announce that the #Bucharest team has advised BIG Mega Renewable Energy on a EUR 92 million #financing with the European Bank for Reconstruction and Development and OTP Bank to build and operate the 102 MW Urleasca wind farm located in Braila county, Romania. 🚩 The milestone project marks the company’s first #renewable #investment in #Romania, with the signing of the financing agreement highlighted as a crucial milestone for the its #expansion strategy in Romania and the Balkans. The Urleasca wind farm is expected to make a significant contribution to Romania’s renewable energy goals, with generation capacity of 292 GWh per year. 🤝 Kinstellar’s assistance on the financing was coordinated by Magda Raducanu (Special Counsel, Co-head of the firm-wide Banking and Finance service line) and included Razvan Constantinescu (Managing Associate) and Crețu Horațiu (Junior Associate). 👉 Kinstellar has been advising BIG Mega Renewable Energy on all of their renewables projects in Romania since entering the market and from the early development stages. All energy-related matters, including transactional, development and regulatory aspects, were coordinated by Iustinian Captariu (Partner, Head of firm-wide Energy sector), with other team members involving Cătălin Graure (Counsel), Madalina Perte (Managing Associate), Ioana-Mihaela Criste (Senior Associate), Dana Sârbu (Associate), Ioana Alexandra Popescu (Associate), while the real estate aspects were coordinated by Catalin Dinu (Counsel) with the assistance of Diana Istov (Cochilet) and Corina Alecsandra Stanciu (Senior Associates) 🙌. 💬 Magda Raducanu commented: “Congratulations to all parties involved! Banking stands as a traditional cornerstone of our office's expertise, with renewable energy financings becoming more and more prominent in our workload. We have extensive experience handling cross-practice mandates and are happy to have teamed up, once again, with our energy team!” 💬 Iustinian Captariu highlighted: “Congratulations to our client! We are very honoured we have assisted our client on this project from its initial development stages until now. We are confident that our expertise in the renewable energy field is second to none in Romania - in the past few years alone, our office has advised on projects with a pipeline of more than 4,000 MW, representative of our country’s investments in the energy transition.” #donedeals #renewableenergy #leadinglawfirmRomania #exceptionaltogether  

📢 🇺🇦 Promising news in #Ukraine! The National Bank (#NBU) has taken another major step to ease the foreign currency restrictions and to broaden the range of cross-border transactions allowed during martial law, which is essential for Ukrainian businesses. Our #Banking & #Finance team in #Kyiv provides an overview of the changes. Read our summary below 👇🏻 written by - Illya Muchnyk, Partner, Firmwide Head of #Fintech, Oleksandra Poliakova, Managing Associate and Eduard Olentsevych, Associate. #intheknow #financialsector #bankingandfinance #leadinglawyers #leadinglawfirm 

📢 🇸🇰 Kinstellar has successfully advised the Dutch aircraft maintenance provider SAMCO Aircraft Maintenance (SAMCO) on the #acquisition of Austrian Airlines Technik – Bratislava (ATB).  💡 Located at the Maastricht Airport in the Netherlands, SAMCO provides a wide range of aircraft maintenance activities—from heavy base-maintenance checks, line-maintenance, logistic support, asset and maintenance management to EASA Part 21 approved design changes. With the acquisition of ATB, SAMCO increases its footprint significantly. 🌟 Kinstellar assisted SAMCO throughout the entire transaction process, including due diligence of the target, the SPA negotiation process, transaction documentation, signing and closing. Kinstellar’s team in Bratislava was led by Dominika Bajzáthová (Counsel) and Lukas A. Mrazik (Managing Associate). #donedeals #exceptionaltogether 🔗 https://lnkd.in/drUndquQ

🇷🇴✨ Thankful for having Victor Constantinescu (managing partner in #Bucharest and co-head of the firm-wide real estate practice) included in the “Top 50 most influential people on #Romania’s real estate market” catalogue launched by Property Forum last week, at the Summer #Networking Party held in Bucharest. ➡️ This lineup focuses on Romania’s leading figures in real estate and considers criteria such as #market share, local and global #rankings, market activity and participation in #deals. 👏 Congratulations to Victor and to all the other valued individuals of the real estate market in #Romania that are included in the catalogue! 🙏 Our thanks to Property Forum Events & News and their entire team - Attila Bacsa, Ákos Budai, Csanad Csuros, Fulvia Meirosu and many others in the backstage, for a beautiful, long-lasting partnership. #50mostinfluentialpeople #realestate #exceptionaltogether #LeadingLawyersRomania

🌟 🇺🇦 Proud of our #Competition team in #Ukraine, which has been actively following the local competition law reforms. 📰 Their most recent contribution is an article in the ''Expert Guide 2024 on Competition & Antitrust Law'' published by Corporate LiveWire. 📖 The overview below, ✍ written by Partner Olexander Martinenko, Counsel Yulia Eismont, and Associate Olena Tsygulska, covers: ☑️ the key changes in competition law and their impact on local businesses; ☑️ last year’s biggest violations and record-breaking fines; ☑️ industries under special regulator scrutiny; and ☑️ trends and priorities going forward. #intheknow #CompetitionLaw #Antitrust #LegalInsights #CorporateLiveWire #UkraineLegal #AMCU #GlobalLegalTrends

🌱The pace of initiatives targeted to transpose the EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (#CSRD) into national #law or to clarify existing implementing #legislation has been rapid over the past month. 👉 However, progress across the #CEE region remains uneven as the deadline draws near. 👓 Read below our third status update on the CSRD transposition in #Bulgaria, #Croatia, the #Czech Republic, #Hungary, #Romania and #Slovakia. 👇 🔎 For more information, 📇 please contact Jan Lehký, Co-Head of our ESG service line. #intheknow #ESG #sustainability #CorporateSustainability #EUDirectives

📢 🇨🇿 Kinstellar's Prague office successfully advised Dig Ventures on a strategic #investment into Talsec, a Czech #startup specializing in mobile application security, as part of Dig Ventures’ efforts to expand its global presence and support further innovation in its security solutions portfolio. 🌟 The Kinstellar team, led by Partner Jan Juroska, and assisted by Martina Mazurkova (Senior Associate) and Petr Bratský (Managing Associate), provided legal advice on all aspects of the investment. #donedeals #exceptionaltogether #leadinglawyers 🔗 https://lnkd.in/ezrCsCZ9

📢 🇰🇿 Our team in #Kazakhstan has successfully advised #Halyk Bank, a leading #financial services group, on the #sale of its subsidiary in #Kyrgyzstan, to a consortium of buyers within the #investment group Visor International DMCC. The financial details of the transaction are undisclosed. 🏦 Originally established as Kyrgyz Kairat Bank, the subsidiary was acquired by Halyk Bank in 2004 through a bidding process. 👉 This transaction follows the previous #divestment of assets of Halyk Bank of Kazakhstan, including the recent sale of its Tajik and Russian subsidiaries. 🌟 The team was led by Partner Adlet Yerkinbayev and Counsel Kuanysh Shekerbekov. 🔗 https://lnkd.in/gYSeKMp6 #donedeals #FinancialSector #BankingIndustry #BankingNews #InvestmentBanking #CentralAsia #LeadingLawyers #LeadingLawFirm