Kinstellar launches Southeast Asia Desk

Statement on our policy to work for ‘Russian clients’

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.

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news, deals & insights

Insights August 2022

Key takeaways from the ongoing reform of labour law in Ukraine

Due to the challenges of martial law and the continued need to adapt labour rules to the modern needs of businesses and employees in Ukraine, Ukrainian labour law is undergoing comprehensive reform. The first part of the reform was implemented in March 2022 with the adoption of the Law of Ukraine “On the Organisation of Employment Relations During Martial Law”, key peculiarities of which we analysed earlier. Ukraine’s parliament recently proceeded with the reform of labour legislation by adopting the Law of Ukraine “On Introduction of Amendments to Certain Laws of Ukraine on the Optimisation of Employment Relations”. This law, which became effective on 19 July 2022, includes (1) amendments to the Labour Code

News August 2022

Kinstellar announces new Managing Associate promotions in Zagreb

Kinstellar is delighted to announce the promotion to Managing Associate of Andrijana Kaštelan, Vedran Kopilović and Marija Vuchetich in our Zagreb office. With these promotions the firm acknowledges their dedication, teamwork, consistent high level of client service, legal knowledge and transactional expertise.  Andrijana Kaštelan focuses on commercial real estate. She has extensive experience in the acquisition, development, leasing and disposal of commercial real estate, including retail, logistics, leisure, and office properties. Andrijana also advises clients on M&A transactions, projects, and joint ventures, particularly in the hospitality, retail and energy sectors. In addition, Andrijana

Deals August 2022

Kinstellar and Gen Temizer Özer advise Torunlar Group on the acquisition of a 50% stake in AKCEZ—a joint venture between ČEZ Group and Akkök Group in Turkey

Kinstellar and Gen Temizer Özer are delighted to have supported Başkent Doğalgaz Dağıtım Gayrimenkul Yatırım Ortaklığı A.Ş., the second-largest gas distributor in Turkey and publicly listed on the Istanbul stock exchange, and Torunlar Enerji Sanayi ve Ticaret A.Ş., a Turkish investment holding company and the majority owner of Başkentgaz, on the acquisition of a 50% stake in AKCEZ Enerji A.Ş. (AKCEZ) from ČEZ Group, which following final closure of the deal will exit its existing joint venture with Akkök Group. The transaction is subject to, inter alia, approval by the Turkish antitrust authority and local energy regulator. AKCEZ—a joint venture of ČEZ Group and the Akkök Group—owns the

Deals August 2022

Kinstellar advises Yoummday on its acquisition of ICON Communications Centres

July 2022 – Kinstellar has successfully advised Yoummday, a Munich-based start-up offering job opportunities for a new generation workers via a work-at-home operating system, on the acquisition of ICON Communications Centres. ICON Communication Centres is a multilingual BPO and call centre specialising in inside sales and account management customer experiences for B2B and B2C brands. ICON’s solutions harness a combination of cutting-edge technology and A-player human resource management to deliver high-touch, high-value customer interactions in 30 languages at a native level. Kinstellar advised Yoummday throughout the entire transaction, including on the due diligence process, negotiation of transaction documents and advice

Insights July 2022

Kinstellar contributes to the Clean Energy Tool launched by Simmons & Simmons

Kinstellar is honoured and delighted to have contributed, as exclusive authors, to the Czech, Hungarian and Kazakhstan sections of the Clean Energy Tool launched by international law firm Simmons & Simmons. The Clean Energy Tool provides reliable, consistent and easy-to-manage information to support investments in clean energy projects around the world. It gives investors online access to important legal and regulatory information concerning renewable energy projects. The tool is constantly expanding and already covers 44 jurisdictions. Information is developed in collaboration with premiere local counsel selected by Simmons & Simmons from across Africa, Asia, Europe, Latin America, Australia and the Middle East.

Insights July 2022

The Digital Services Act – an overview of the new online intermediary liability rules

An intense effort to agree on unified directly applicable European rules for digital services is finally yielding results. On 5 July 2022, almost two years after their introduction by the European Commission, the European Parliament adopted in the first reading the Digital Services Act (DSA) and Digital Markets Act (DMA), following an earlier deal reached between the Parliament and the Council of the European Union on 23 April and 24 March 2022, respectively. Both the DSA and DMA are landmark rules with the potential to fundamentally change the way digital services are provided within the European Union (EU). In this installment, we look at the DSA, which updates the rules for online intermediary liability 20 years on from

Insights July 2022

Setting up operations in Croatia

Today’s uncertainties at the European Union’s eastern border have left companies questioning the safety of their people and the continuity of their operations in that part of the world. Businesses in the IT and BPO sectors that had found talent and growth opportunities in countries such as Ukraine or Moldova are now rethinking their strategy and options to move operations across the border, either temporarily or permanently. Our team in Zagreb has prepared a quick overview of the most important aspects that you need to consider if you decide to move your operations to Croatia.  Download in English: Download in Ukrainian:

Insights June 2022

Romanian government adopts law sanctioning speculative actions during times of crisis and regulating the abuse of superior bargaining position

In the context of a looming post-COVID-19 financial crisis, exacerbated by the Russian intervention in Ukraine, soaring energy and fuel prices, and rapidly rising inflation, the Romanian government has recently adopted Government Emergency Ordinance 84/2022 on combating speculative actions and amending and supplementing certain normative acts (the “GEO”). The GEO was published in the Official Gazette on 20 June 2022 and will enter into force fully in 30 days from publication.   The GEO amends Law no. 11/1991 on unfair competition (the “Unfair Competition Law”) and introduces major changes to the legal framework of unfair competition rules in Romania. The GEO provides for, inter alia, sanctions for speculative actions

Insights June 2022

“Buy Now, Pay Later” solutions on the rise – regulatory aspects in Bulgaria

The rapid growth of online shopping as a result of the COVID-19 pandemic has led to an increased demand for different payment options for consumers at the checkout. One such option that is increasingly popular with consumers is the “buy now, pay later” (“BNPL”) solution. The hot trend in consumer credit BNPL allows consumers to defer the payment of the product and repay the purchase price in several instalments over a certain period of time, usually at no interest. BNPL is also a palatable option for merchants, as it gives them another avenue to generate sales by providing consumers an accessible opportunity to acquire products on credit. Such manageable payment options are also likely to strengthen consumer

about us

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.

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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

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In our third in a series of short videos highlighting our team’s #exceptional response to the war in #Ukraine, Olga Skilska, translator in our #Kyiv office, shares how she has been involved in #relief efforts doing pro bono #translations either to pursue legal action against the aggressor state, to share Western warfare expertise, or to support #Ukrainian businesses.  

📢 🇹🇷 Kinstellar and Gen & Temizer | Özer, our #Turkey team, are delighted to have supported Başkent Doğalgaz Dağıtım Gayrimenkul Yatırım Ortaklığı A.Ş., the second-largest #gas distributor in Turkey and publicly listed on the #Istanbul stock exchange, and Torunlar Enerji Sanayi ve Ticaret A.Ş., a Turkish investment holding company and the majority owner of Başkentgaz, on the #acquisition of a 50% stake in #AKCEZ Enerji A.Ş. (AKCEZ) from #ČEZ Group, which following the final closure of the deal will exit its existing joint venture with Akkök Group. 💡 AKCEZ—a joint venture of ČEZ Group and the Akkök Group—owns the #electricity distribution, sale and services businesses, Sakarya Elektrik Dagıtım AS (SEDAS) and Sakarya Elektrik Perakende Satis AS (SEPAS), which together serve two million customers and operate 60 thousand km of distribution networks in the Sakarya province. 💡 ČEZ Group, headquartered in the Czech Republic, is one of the largest utilities and among the largest public companies in Central and Eastern Europe. 🌟 Our team was led by Partners Emre Edmund Ozer and Mufit Arapoglu, together with Associate Nazlı Aytu Kardeşler, supported by Şeyma Olğun (Senior Associate) and Ege Erol (Associate), as well as by Kamil Blazek (Partner) and Matěj Večeřa (Associate) as to matters of #Czech law. 👉🏻 https://lnkd.in/dGNKf7MX #donedeals #mergersandacquisitions #energysector #leadinglawyers #leadinglawfirm

📢 Kinstellar has successfully advised Yoummday, a Munich-based #startup offering #job opportunities for a new generation workers via a work-at-home operating system, on the #acquisition of ICON Communications Centres. ICON Communication Centres is a multilingual #BPO and call centre specialising in inside #sales and account management customer experiences for B2B and B2C brands. ICON’s solutions harness a combination of cutting-edge technology and A-player human resource management to deliver high-touch, high-value customer interactions in 30 languages at a native level. Kinstellar advised Yoummday throughout the entire #transaction, including on the due diligence process, negotiation of transaction documents and advice on regulatory matters. ✨The Kinstellar team in #Prague was led by Partner Jan Juroska, working with Michal Kníž (Managing Associate), Petr Bratský (Managing Associate), Martina Mazurkova (Senior Associate), Denisa Šimanská (Associate), Ján Paľko (Junior Associate) and Simona Semanová (Junior Associate). 🔗 https://lnkd.in/dAFC5sXP #donedeals #leadinglawfirm #leadinglawyers #transactionsczechrepublic #technologyservices

In our second in a series of short videos highlighting our team’s #exceptional response to the war in #Ukraine, Oleksandr Plachynta, Associate in our #Kyiv office, shares how he has been identifying and responding to the needs of his community, partnering with the local authorities and NGOs to deliver #humanitarian assistance to the most vulnerable, and providing #legal aid.

📢  Kinstellar is honoured and delighted to have contributed, as exclusive authors, to the #Czech, #Hungarian and #Kazakhstan sections of the Clean Energy Tool launched by international law firm Simmons & Simmons. 💡 The Clean Energy Tool provides reliable, consistent and easy-to-manage information to support #investments in clean energy projects around the world. It gives investors online access to important legal and regulatory information concerning #renewable #energy projects. The tool is constantly expanding and already covers 44 jurisdictions. Information is developed in collaboration with premiere local counsel selected by Simmons & Simmons from across Africa, Asia, Europe, Latin America, Australia and the Middle East.    ➡️ Understanding the intricacies of local #legal and #regulatory environments and accessing #timely and #insightful #data are vital for #investors looking to develop clean energy projects in a rapidly evolving international context. The Clean Energy Tool is a “one-stop-shop” for concise, up-to-date, and trustworthy resources to support investment decisions in the covered jurisdictions. ➡️ The Clean Energy Tool also boasts a unique cross-jurisdiction comparison function for subscribers to browse and compare renewable energy frameworks across multiple jurisdictions. Kinstellar’s contributions were coordinated by Kamil Blazek, Partner and co-head of the firm-wide #Infrastructure & #Transportation sector; Ferenczi Kristóf, Managing Partner of the Budapest office and head of the firm-wide #Energy & Natural Resources sector; and Joel B. Benjamin, Managing Partner of our Central Asian practice. We thank Alex Blomfield and the team at Simmons & Simmons for giving us the opportunity to participate in this valuable initiative. It was an honour to take part, and we look forward to future projects together. 🙏 👉🏻 To learn more about the tool, or to request a demo/free trial please visit Clean Energy Tool - https://lnkd.in/dM6YwAbN #intheknow #cleanenergy #renewableenergy #renewables #renewableenergysources

Since the outbreak of the war in #Ukraine, we have never felt #stronger and more #united inside the firm. Extraordinary times in Ukraine have been met with an exceptional response from our people, who continue doing their best to provide #humanitarian aid, support various charities and #NGOs, and provide pro bono legal assistance to those affected by the war.    

🇺🇦 Russia's aggressive war against #Ukraine has accelerated the process of #Ukrainian businesses' expansion in the #EU.   At the invitation of Forbes Ukraine, Illya Muchnyk, Counsel, and Andriy Kornuta, Associate, in our #Kyiv office, have put together a quick business guide on:   ✔️ How to register a company in #Europe? ✔️ What form of #ownership to choose? ✔️ How to open #accounts?   Read more here (in Ukrainian) 👇🏻  https://lnkd.in/dvAMk3bx   #intheknow #doingbusinessinukraine #leadinglawyersukraine #leadinglawfirmukraine

📢 On 5 July 2022, almost two years after their introduction by the European Commission, the European Parliament adopted in the first reading the #Digital Services Act (DSA) and Digital Markets Act (DMA), following an earlier deal reached between the Parliament and the Council of the European Union on 23 April and 24 March 2022, respectively. 💻 💡 Read the full overview in our summary below, by Petr Bratský (Managing Associate), and Vít K. (Junior Associate). https://lnkd.in/eNed4t94 #intheknow #exceptionaltogether #leadinglawyers

📢 🇧🇬 Kinstellar #Sofia, acting as lead counsel, has successfully assisted its long-standing client KBC Bank with completing the #acquisition of 100% of the shares of Raiffeisenbank (Bulgaria) EAD for EUR 1 009 million. The transaction also includes Raiffeisenbank Bulgaria’s fully owned subsidiaries Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker and Raiffeisen Service. Kinstellar’s team was led by Corporate/M&A Partners Diana Dimova and Nina Tsifudina and Counsel Svilen Issaev (Head of #Banking & #Finance in Sofia). Denitsa Kuzeva (Senior Associate) and Nikolay Gergov (Associate) assisted with #banking #regulatory and #corporate matters. Dessislava Fessenko (Of Counsel) and Gabriela Ivanova (Associate) handled the #competition/merger control work, and Georgi Kanev (Managing Associate, Head of IP/IT and #Data Privacy) advised on #IP/#IT and #commercial matters.  #donedeals #leadinglawyersBulgaria #leadinglawfirmBulgaria #transactionsBulgaria #financialservices #mergersandacquisitions