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Kinstellar advises Genesis Capital on the acquisition of Hungarian entertainment centres

September 2019 – Kinstellar has successfully advised Genesis Private Equity Fund III (GPEF III) on its acquisition of a majority stake in the Hungarian 11 Entertainment group. The group operates indoor amusement parks in Hungary, including trampoline...

Non-profit Organisations in Slovakia must report details of their statutory bodies

June 2019 – In accordance with Act No. 346/2018 on the Register of Non-Governmental Non-Profit Organisations (the “Act”), a new public register of non-governmental non-profit organisations has been established in Slovakia. As outlined below, the...

Enhancing whistleblower protection: Will the whistle blow louder?

June 2019 – The new Slovak Act on Whistleblowing that took effect 1 March 2019 has introduced some notable changes to the obligations that employers faced under the previous Act on Whistleblowing valid until 28 February 2019.
Below we provide...

Kinstellar advises Slovak company EcoCocon on asset deal with Lithuanian UAB EcoCocon

June 2019 – Kinstellar has recently advised the newly established Slovak company EcoCocon and its founder on the acquisition of a portfolio of assets with the Lithuanian company UAB EcoCocon. Details of the deal are not disclosed. Kinstellar’s legal...

Kinstellar and Ashurst advise AIP Asset Management and The Valesco Group on the first South Korean real estate investment deal in Slovakia

June 2019 – Kinstellar and Ashurst have recently advised AIP Asset Management (AIP), a Seoul-based asset manager, and London real estate investment manager The Valesco Group (Valesco) on the EUR 120 million acquisition of the newly developed landmark...

Cannabis for Medical Use: CEE Regulatory Update

June 2019 – A growing number of countries around the world are gradually legalising the use of cannabis for medical purposes.
It can be said that governments are now generally taking a more liberal approach to this product, which could significantly...

Slovak Data Protection Authority fines Faculty Hospital Nitra for providing medical records to expert witness

May 2019 – The Slovak Data Protection Authority (“Slovak DPA”) has fined Faculty Hospital Nitra EUR 2,000 for unlawfully processing sensitive personal data in breach of § 13 section 1 of Act. No 122/2013 Coll., On Personal Data Protection (“Data...

Kinstellar Bratislava advises European City Estates on the acquisition of the BCT 2 office complex from Penta Real Estate

April 2019 – Kinstellar’s Bratislava office has recently advised the Austrian company European City Estates (ECE) on its acquisition of the Business Centrum Tesla 2 (BCT 2) office complex in Košice, Slovakia from Penta Real Estate.
ECE European...

Kinstellar scores Deal of the Year in Slovakia at CEE Legal Matters Awards

March 2019 – Kinstellar has won the Deal of the Year award for Slovakia at the CEE Legal Matters awards ceremony, which was held in Budapest on 28 March 2019. A panel of leading lawyers from across the region selected winners for 17 different CEE jurisdictions.

Disclosure of ultimate beneficial owners in Slovakia

March 2019 – The transposition of the 4th AML Directive (EU Directive 2015/849) to Slovak legislation obliges Slovak companies and other legal persons, including non-profit organisations, to disclose their ultimate beneficial owners (“UBOs”).