Kinstellar and KST Law are proud to have advised Eleven Fund III Cooperatief in its equity investment in Bitloops, a software development company with subsidiaries in Greece and Cyprus. Bitloops is an AI-powered front-end companion in VS Code that transforms designs into high-quality, maintainable codes. The investment round was led by Eleven Ventures with participation from Corallia Ventures and several angel investors. This funding will help Bitloops improve how teams turn Figma designs into high-quality, scalable, and maintainable code while maintaining engineering standards. Special thanks to the Kinstellar Istanbul/KST Law team led by Partner Emre Özer, including Associates Helin Akbulut and Tuğberk
The European Accessibility Act (Directive (EU) 2019/882) (“EAA”) represents a significant shift in the regulatory landscape for private sector businesses across the European Union. Introduced to harmonise accessibility requirements for key products and services, the EAA is designed to improve access for persons with disabilities and foster a more inclusive internal market. With its full application date set for 28 June 2025, business entities that have not yet assessed their compliance posture face growing legal, operational, and reputational risks. The EAA expands beyond earlier public sector-focused legislation and applies to a wide range of industries—from tech to banking, telecoms, and e-commerce—making timely
Kinstellar is pleased to announce that it has advised MVM, Hungary’s leading state-owned energy group, on the successful sale of its 100% stake in MVM NET to Pro-M. The transaction was signed and closed on 30 April 2025. MVM NET is a key player in Hungary’s telecommunications market, operating a nationwide infrastructure network that provides critical communications services to the energy sector and public institutions. This was a highly strategic and time-sensitive transaction, that demanded not only deep legal insight but also efficient coordination and execution across multiple workstreams. This achievement is a testament not only to the dedication and professionalism of our team, but also to the unwavering
The recent announcement by U.S. President Donald Trump authorising the U.S. Department of Commerce, and the U.S. Trade Representative to immediately begin the process of instituting a 100% tariff on any and all movies produced outside the United States has the potential to shake the global film industry to its core. It is almost reminiscent of a war movie, where a U.S. soldier—a paratrooper—misses the planned landing zone and falls into unknown territory. While the newly announced tariff appears to be part of its broader strategy to revive domestic production and the implications could be far-reaching, the actual details of the tariff in question are not yet known. Trump’s decision could have a major impact on
Following on the success of our two previous defence-tech events, Kinstellar and the Strategy Council, in partnership with the Embassy of Ukraine in the UK, were honoured to deliver the 3rd Defence Tech Forum in London on 25 April 25 at the Royal United Services Institute. The theme of the gathering was Ukrainian Technology for a New European Army: Galvanizing the private sector to meet UK-European security demands. The continued relevance of these events was underscored by His Excellency Ambassador Valeriy Zaluzhniy, former Commander-in-Chief of the Ukrainian Armed Forces. Ambassador Zaluzhniy opened the forum by summarising the changes to modern warfare and emphasising Ukraine’s position as the epicentre of real-time
Kinstellar is delighted to announce that Hartwig Kienast, a highly regarded M&A lawyer, has joined our newly launched Vienna office as a Partner. His arrival further strengthens our M&A and private equity capabilities in Austria and across the wider CEE region, reaffirming our commitment to delivering top-tier legal advice in this key market. Hartwig Kienast specialises in mergers & acquisitions, private equity, and venture capital transactions, as well as corporate reorganisations. He has been actively involved in large cross-border M&A transactions and restructurings, advising both international corporations and investors. His experience spans a wide range of sectors, including: infrastructure & energy
We are pleased to have advised Madison Debt Holdings on the successful sale of Conexio Metro DOO Beograd, the owner of a metro optic network in Belgrade, to A1 Serbia. The metro optic network, running through the sewage system to connect end-users, is a unique and highly sought-after telecom infrastructure in Serbia. Kinstellar’s Belgrade team provided expert guidance through one of the most complex transaction structures in the market, crafting the corporate spin-off process and leveraging deep industry knowledge to ensure the successful carve-out of the metro network into a newly established company. This paved the way for a seamless share sale to A1 Serbia of spun off telecom assets. The Kinstellar team
Directive (EU) 2022/2555 (NIS2) aims to further strengthen the cyber resilience of the EU by requiring entities in various sectors to dial up their cybersecurity efforts. NIS2 replaces the former NIS1 Directive (EU) 2016/1148, expands the range of entities falling under its provisions, and introduces stricter requirements for these entities. On 31 December 2024, the Romanian government passed Government Emergency Ordinance no. 155/2024 (GEO 155/2024) transposing NIS2 into national legislation. Whom does it concern? NIS2 and GEO 155/2024 target entities across various industry sectors and categorises them into essential and important entities. Entities active in the following areas should check whether
Kinstellar’s Belgrade team, together with Sullivan & Cromwell, has successfully advised e& PPF Telecom Group, an operator majority-held by the global Emirati-based telco e&, with Czech Group PPF as the other shareholder, on the acquisition of SBB Beograd. The deal, structured on a debt-free and cash-free basis, paves the way for e& PPF Telecom Group to merge SBB with Yettel, its mobile operator. This merger will unlock new opportunities, enhancing services for clients in Serbia. SBB will continue its media broadcasting operations seamlessly. In parallel, United Group has divested 100% of its NetTV Plus, DTH assets in Serbia and North Macedonia, as well as Sport Klub rights licenses in the Western
Kinstellar’s Sofia office successfully advised Paradox Interactive, one of the premier developers and publishers of strategy and management games, on the acquisition of Haemimont Games, one of the first video game development studios in Bulgaria. The renowned video games publisher enters the Bulgarian market in the first video game transaction in Bulgaria for 2025, part of Paradox’ strategy to grow the management games genre and a good news for the entire video games industry in Bulgariа. The Kinstellar team, comprising Georgi Kanev (Managing Associate, Head of Interactive Entertainment & Gaming), Diana Dimova (Partner, Corporate/M&A), Denitsa Kuzeva (Senior Associate, Corporate/M&A) and Atanas
Kinstellar acted for its client, Freschette Limited, in a case before the AIFC that resulted in a precedent setting judgement. The AIFC Court has delivered a judgement in AIFC Court Case No. 35 of 2024 – Freschette Limited v. Enegix LLP & Others, affirming its jurisdiction over foreclosure proceedings concerning pledged immovable property in Kazakhstan. The case was brought by Freschette Limited, a foreign investor. Kinstellar advised the client on structuring the transaction which was basis for the case. Despite the absence of established court practice or clear regulatory guidance, Kinstellar strategically proposed a dispute resolution clause designating the AIFC Court as the exclusive forum for resolving disputes
Kinstellar is delighted to announce the promotion of Martin Baraniak from our Bratislava office to Managing Associate effective 1 January 2025. Martin has more than 13 years of legal experience, specialising in IP&T, digital business, corporate, and commercial law. Since joining Kinstellar, Martin has co-led the local TMT department alongside Lukáš Mrázik. He has extensive experience leading legal cross-border teams and projects, with a focus on the automotive sector. Martin also provides day-to-day corporate business advice, advice on anti-money laundering, data protection, and public procurement/PPP. Martin’s promotion is a proof that hard work, determination, and the ability to exceed expectations do