At the beginning of August 2024, the Ministry of Justice of the Slovak Republic released its annual statistical yearbook for 2023 (please see here: Statistical Yearbook 2023). At the time of publication, the effects of the so-called judicial map reforms that were initiated in 2023 had not yet manifested themselves in any significant way. However, we have identified several intriguing trends and other data that we would like to bring to your attention. Civil and commercial litigation In 2023, courts in the Slovak Republic handled 39,920 civil cases, with 110,392 disputes (including commercial cases), which is 7,742 fewer cases than in 2022. Based on an overview of the duration of proceedings in
Kinstellar is proud to have successfully advised Nova Ljubljanska Banka, Slovenia’s largest banking group, on completing the acquisition of 100% of SLS HOLDCO, the parent company of Summit Leasing Slovenija, and its subsidiaries, including Croatian Mobil Leasing. After receiving all required regulatory and anti-trust approvals, NLB became the sole shareholder. The Kinstellar team, led by Partner Edmund Emre Özer and supported by Associate Bianka Kovacs, collaborated closely with Kavcic, Bracun & Partners in Slovenia on the transaction.
Kinstellar is proud to have acted as Ukrainian legal counsel to NJJ Capital, the investment company of France’s leading technology entrepreneur Xavier Niel, on the acquisition and merger of Datagroup-Volia, one of Ukraine’s largest fixed telecom and pay-TV providers, and Lifecell, Ukraine’s third-largest mobile operator. This landmark transaction is a significant consolidation of and investment in the Ukrainian telecoms market, that will bring many benefits to telecoms consumers, especially during wartime circumstances. Kinstellar’s legal team provided comprehensive Ukrainian law advice to NJJ Capital throughout the transaction. Lead lawyer and office managing partner Olena Kuchynska, noted:
On 6 September 2024, the Romanian government adopted Emergency Ordinance no. 107/2024 (“the GEO”) regulating a nationwide tax amnesty generally aimed at cancelling late payment interest and penalties related to certain outstanding tax liabilities, as summarised below.1. Waiver of interest, penalties and other additional charges for outstanding debts as of 31 August 2024 for all taxpayers. The outstanding debts as of 31 August 2024 include: budgetary liabilities for which the due date or payment term has been met on or before 31 August 2024; supplementary budgetary liabilities established by tax assessment decisions communicated up to and including 31 August 2024, as well supplementary liabilities
Romania is set to hold its first contracts for difference (“CfD”) auction in the next few weeks. The Ministry of Energy has taken further steps and issued the order for initiating the CfD auction under the CfD scheme. On 6 September 2024, Order No. 1290/2024, approving the launch of the first auction for the State aid scheme in the form of contracts for difference for the production of electricity from renewable sources of onshore wind and solar photovoltaic energy, as well as the rules of the procedure for the first auction (“Order 1290/2024”), was published in the Official Gazette of Romania and entered into force on the same date. The total capacity targeted is 1,500 MW of renewables; specifically
Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Our team was led by Partner Edmund Emre Özer, with support from Associates Helin Akbulut and Hatice Nur Arslan.
Kinstellar is delighted to announce the successful completion of acquiring Noerr’s Bucharest operations, marking the final phase of the strategic transaction that also included acquiring Noerr’s offices in Bratislava and Prague. This transaction represents a significant milestone in Kinstellar’s growth strategy across Central and Eastern Europe. With the addition of the new operations, first in the Czech Republic in Slovakia earlier this week and now in Romania, Kinstellar's presence in these markets has substantially expanded. With the addition of the new colleagues, Kinstellar Bucharest Office now boasts an even stronger team of seven partners and approximately 50 highly skilled lawyers and business professionals.
Kinstellar, in collaboration with DataDriven, provides regulatory guidance for companies entering Ukraine’s demining industry. Against the backdrop of Russia’s war, Ukraine has become the most heavily mined country in the world, with demining efforts estimated by the World Bank to require approximately USD 38 billion. The participation of Ukraine’s international partners is crucial to accelerate these efforts. " We invite our partners to support Ukraine to meet the critical need for demining operations and we will support these partners via expert navigation through the rapidly evolving legal and regulatory framework," noted Kinstellar Ukraine Partner and Head of the Defence
Kinstellar is delighted to announce a new round of promotions in our Zagreb office. Tena Pajalić, Andrej Skljarov and Franciska Fadljević have been promoted to Managing Associates, and Hrvoje Klišanić and Kristina Marinov have become Senior Associates. These skilled professionals have demonstrated their expertise and have become integral members of our team. This promotion acknowledges their professionalism, outstanding service to clients, and significant contributions to the Firm.Miroslav Plašćar, Office Co-Managing Partner Tena Pajalić advises on financing projects, particularly on acquisition finance and project finance. She is also regularly involved in corporate housekeeping matters and due
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Our Team💼 #Kinstellar is proud to have successfully advised Nova Ljubljanska Banka, d.d. (NLB), #Slovenia’s largest #banking group, in completing the #acquisition of 100% of SLS HOLDCO, holdinška družba, d.o.o., the parent company of Summit Leasing Slovenija d.o.o., and its subsidiaries, including Croatian Mobil Leasing d.o.o. After receiving all required regulatory and anti-trust approvals, NLB became the sole shareholder. 🌟 The Kinstellar team was led by Partner Emre Edmund Ozer, supported by Associate Bianka Kovacs dr.. 🔗 https://lnkd.in/dVyy_Z4t #donedeals #FinancialServices #MergersAndAcquisitions #CorporateLaw #LegalAdvisory #NLBGroup #SummitLeasing #KinstellarDeal #CrossBorderTransaction #LawFirm #BankingIndustry #LegalExpertise #DealCompleted
中秋月,故乡连,团圆夜,心相连。Kinstellar律师事务所全体同仁向您及您的家人致以最诚挚的节日祝福,中秋节快乐. 🌕 Wishing you a Happy Mid-Autumn festival! 🌟 #HappyMidAutumnFestival #MidAutumnFestival #MoonFestival #MidAutumnCelebration #FestivalOfLights #LunarFestival
🎬 Kinstellar #FinTech Talks + #Gaming: New Episode 👇 📅 17 September ⏰ 11:30 CET 🎤 Join us for an interactive discussion hosted by Illya Muchnyk, Kinstellar’s firm-wide Head of Fintech. This episode features Masha Stolbovа, Chief Legal Counsel at Natus Vincere, one of the world’s top #esports organizations. Together, they’ll dive into the following topics: ✔️ #Esports from the insider; ✔️ Structure and participants of the industry; ✔️ Legal implications in esports; ✔️ Building the ecosystem in an unregulated market; ✔️ Role of in-house and external lawyers. 👉 To register please email us at 📧 trk=public_post_embed-text . #intheknow #EsportsLaw #FintechTalks #EsportsIndustry #LegalInEsports #InHouseCounsel #FintechAndLaw #BuildingEsports #UnregulatedMarkets #EsportsEcosystem #LegalTech #EsportsInsights #Kinstellar
📢 🇺🇦 Kinstellar is proud to have acted as #Ukrainian legal counsel to NJJ Capital, the #investment company of France’s leading #technology entrepreneur Xavier Niel, on the landmark roll-up of its businesses in the telecommunications sector in #Ukraine. 💼 The deal involved the acquisition and merger of Datagroup-Volia, one of Ukraine’s largest fixed telecom and pay-TV providers, and Lifecell, Ukraine’s third-largest mobile operator. 📡 Kinstellar’s legal team provided comprehensive Ukrainian law advice to NJJ Capital throughout the transaction. 🚀 Lead lawyer and office managing partner Olena Kuchynska, noted, "We hope that this investment serves as a signal to other foreign investors to not wait to the end of the war, and to invest in Ukraine’s many opportunities now. I’m very proud of our team for their hard work to conclude this deal under very challenging circumstances.” 🌟 The #Kinstellar team led by Olena included Natalia Kirichenko (Partner), Ihor Kitela (Of Counsel), Yulia Eismont (Counsel), Oleksandra Poliakova (Managing Associate), Olena Stanishevska (Senior Associate), Mykola Lykhoglyad (Senior Associate), Diana Malysh (Associate) and Danylo Kholodyan (Junior Associate). 🔗 https://lnkd.in/dPbGjfSG #donedeals #telecom #MergersAndAcquisitions #Ukraine #telecommunications #exceptionaltogether
📢 🇷🇴 Romania introduces a new #tax #amnesty program 💸 On 6 September 2024, the Romanian #government adopted Emergency Ordinance no. 107/2024 regulating a nationwide tax amnesty generally aimed at cancelling late payment interest and penalties, as summarised in the article below 👇 📌 Key points covered: 👉 Taxpayers can benefit from a waiver of interest, penalties and other additional charges for outstanding debts as of 31 August 2024; 👉 Profit taxpayers, microenterprise taxpayers and tax groups may benefit from a discount for the payment of certain tax liabilities. Further instructions are expected for the application of the tax amnesty program. 📩 For more insights or questions, contact Theodor Artenie, Counsel in Bucharest and Head of the local Tax service line. ✍️Carmen Mazilu, Senior Tax Advisor, co-authored the article above. 🔗 https://lnkd.in/eQWk4-AU #Romania #TaxAmnesty #TaxRelief #TaxUpdates #DoingBusinessInRomania #FiscalUpdates #Tax
📢 🇷🇴 Meet us at The Real Estate Event organised by Retail 365, 📍 in #Bucharest (Restaurant Diplomat), on 📅 12 September 2024 , ⏰ starting with 14:00. ➡️ The #event serves as a dynamic platform where industry specialists, leaders and local authorities meet to shape the future of real estate in #Romania, fostering meaningful connections. 🎤 Victor Constantinescu, Bucharest Managing Partner, will moderate the panel 💡 "How do we turn Romania into a top target for global investors?" (starting at 17:10), which features top industry leaders: Alexandru Bonea, CEO and Co-founder, Meta Estate Trust, Alina Necula, Country Manager, Lion’s Head, Antoniu Panait, Managing Director, Vastint Romania, Sorin Preda, CEO & Founder, Global Vision, Dennis Selinas, CEO, Globalworth Romania, Marius Barbu, Group Asset Director, NEPI Rockcastle 🤝. The event will be 🔴 live-streamed on www.ziare.com and the official conference website. See you at the event—don’t miss this opportunity to engage with key players in the industry! #intheknow #realestate #Romania #globalinvestment #networking #events2024
📢 🇷🇴 #Romania is set to organize its first #CfD (contracts for difference) #auction in the next few weeks 🚩 ⚡ The Ministry of #Energy has officially launched the process and issued Order no. 1290/2024, approving the launch of the auction, as well as the rules of the procedure. Among others, the order outlines the details of the auction: 👉 1,500 MW total targeted capacity: 1,000 MW from onshore #wind 💨 and 500 MW from #photovoltaic sources ☀️ 👉 maximum strike prices: EUR 82/MWh for onshore wind 💨 and EUR 78/MWh for photovoltaic sources ☀️ 📅 The full timeline for the auction will soon be available on the websites of the Ministry of Energy and the CfD operator, Transelectrica S.A. 🏢 It will include, among others, information on: clarification periods, deadline for submission of applications, evaluation process of technical offers, timeline for contestations, selection of financial offers, estimated signing date for CfD contracts. 🆕 📅 Update: The calendar for the first auction under the CfD scheme was published on the website of the Ministry of Energy. The deadline for submission of applications is 18 November 2024. 📩 For more insights or questions, contact Iustinian Captariu, Partner in Bucharest and Head of the firm-wide energy sector and service line. ✍️ Ioana-Mihaela Criste, Senior Associate, co-authored the article above. 🔗 https://lnkd.in/dqEhQzuX #intheknow #renewableenergy #OnshoreWind #PhotovoltaicEnergy #EnergySector #DoingBusinessInRomania
🇰🇿 📍 Meet us at the 14th #Kazakhstan Legal Forum 2024 (#KLF2024), in #Almaty, 📅 on 26 & 27 September. 👉 The #Kazakhstan Legal Forum is the leading platform for legal professionals in the country and has been held for over a decade. This premier legal #event will feature over 80 speakers and more than 400 participants across four parallel sessions. 🎤 Kuanysh Shekerbekov, Counsel, will be speaking on “#Mergers and #Acquisitions in the AIFC: Current Trends and Future Prospects,” focusing on the evolving landscape of corporate law within the AIFC (Astana International Financial Centre). 🙌 The Forum, organised by Lincoln Company and supported by the Astana International Financial Centre (AIFC), as the general partner, and the Палата юридических консультантов «Kazakhstan Bar Association», as the informational partner, will cover a wide range of topics, including Market #Regulation, #Sanctions, #Antitrust, Corporate Law, M&A, #Digital Law, #Dispute Resolution, #Environmental Law, #Construction, and Contract Management and is being undertaken in coordination with English Law Day. 💼 Participants include prominent legal scholars, industry leaders, government officials, and senior executives from various sectors, bringing diverse perspectives to the discussions. 💡 As regular contributors to such key events, we look forward to engaging with fellow professionals, enhancing our collaboration and knowledge within the legal community in Kazakhstan. 🔗 Click here for more information and registration: https://thelawyer.kz/. #intheknow #KazakhstanLegalForum #KLF2024 #KazakhstanLaw #AlmatyForum #AIFC #CorporateLaw #LegalInnovation #MergersAndAcquisitions #LegalProfessionals #LegalTrends #SanctionsLaw #AntitrustLaw #DigitalLaw #DisputeResolution #EnvironmentalLaw #ConstructionLaw #ContractManagement #EnglishLawDay #LegalEvent #CentralAsia
📢 🇭🇺 New #hydrogen and #decarbonized #gas market package has been adopted and promulgated by the #EU. 💡 As of 4 August 2024, Regulation (#EU) 2024/1789 of the European Parliament and the Council on the internal markets for renewable gas, natural gas and hydrogen (Gas Regulation) and Directive (EU) 2024/1788 on common rules for the internal markets for renewable gas, natural gas and hydrogen (Gas Directive) entered into force. 🔎 Our legal #experts selected the most important topics that are relevant for market players – please see it in the below slider. 👇 📇 For more information on the new regulation, please contact Balazs Sepsey, Gullai Péter, Tomaj Balázs or László Bujáki. #intheknow #EnergyTransition #GreenEnergy #SustainableFuture #EURegulation #RenewableGas #HydrogenEconomy #ClimateAction #NetZero #CleanEnergy #Decarbonization