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BPV Grigorescu Stefanica has advised Zitec on the acquisition of a significant minority stake in the company by Dante International, the Naspers-owned company operating the largest Romanian e-commerce website.

Bojanovic & Partners has succesfully represented Mr. Nikola Mikic, a former captain of the Red Star Belgrade football club, in an arbitration against the Turkish football club Manisaspor Kulubu Dernegi.

White & Case has advised PJSC Detsky Mir, Russia's largest children's goods retailer, as issuer, and PJSFC Sistema, as selling shareholder, on the RUB 21.1 billion (approximately USD 360 million) IPO of up to 33.55 percent of Detsky Mir’s ordinary shares on the Moscow Exchange. Credit Suisse, Goldman Sachs International, and Morgan Stanley are acting as Joint Global Coordinators and Joint Bookrunners, with Sberbank CIB and UBS Investment Bank also acting as Joint Bookrunners. The banks were represented by Linklaters.

CMS has advised the Belgian real estate developer Atenor on the sale of Building A in the Vaci Greens complex in Budapest. 

Asters has provided legal advice to the HiPP Group in obtaining merger clearance from the Ukrainian competition authority for its acquisition of the MIG milk formula plant (in Herford, Germany), which was previously jointly controlled by HiPP Group and DMK Group.

Soltysinski Kawecki & Szlezak has advised America's Mohawk Industries Inc. in a transaction involving the takeover of Polcolorit S.A., a company listed on the Warsaw Stock Exchange.

Felix Tapai has been promoted to Tax Partner in charge of Maravela & Asociatii's affiliated tax advisory practice.

Axon Partners has opened an office in the Ukrainian city of Lviv, staffed by lawyers Yura Kornaga, Orest Gavryliak, and Lida Klymkiv.

Cakmak Avukatlik Ortakligi — the firm in Ankara formerly doing business as the Cakmak Avukatlik Burosu and, until last year, formally associated with White & Case — has announced a number of substantial changes, including its name change, the promotion of two lawyers to the firm's partnership, the return of a Partner after several years away, and the addition of a new US-qualified lawyer to the team.

The Bucharest office of Schoenherr has announced the arrival of Georgiana Badescu from Voicu & Filipescu as a new Partner in charge of the office's competition practice. The partnership ranks in the office has also been expanded by the promotion of Eva Hegedus-Brown to Partner in the real estate practice. 

CEE Attorneys has announced that Banking/Finance and Capital Markets specialist Monika Kriunaite has joined the firm's Vilnius office as Managing Associate and Head of Banking, Finance & Capital Markets, as well as EU Funds. 

JPM Jankovic Popovic Mitic has announced that Lidija Pejcinovic has been promoted from Senior Associate to Partner at the firm.

Although the economic crisis has significantly slowed down the financial sector’s M&A activity in Ukraine with nearly 90 (of the 180 existing before 2014) commercial banks becoming insolvent or being taken over by the state, several banking cross-border equity transactions closed in recent years are paving the way towards the market’s gradual recovery.

On January 27, 2017, Bill No. 683952-6 on Amendments to the Code of Administrative Offences of the Russian Federation1 was adopted in the third reading by the State Duma of the Russian Federation (“Bill”).

An amendment concerning offshore companies was adopted by the Hungarian Parliament at the end of 2016, introducing a new tax amnesty and modifying the regulations on foreign companies owned by Hungarian individuals.

On December 19, 2016, Resolution of the Cabinet of Ministers of Ukraine No. 921 "On Approval of the Procedure on Organization and Maintaining Military Records of Conscripts and Reservists", dated December 7, 2016, came into effect (the "Procedure").  

The Government of the Republic of Serbia adopted a new Regulation on the Terms and Conditions of Attracting Direct Investments, in place of the previous Regulation which was in force since March 2016. The new Regulation is expected to secure continuity of economic growth, to obtain new capacities and technology, and to induce job creation. Furthermore, it introduces stricter controls regarding fulfillment of contractual obligations, and especially promotes investments in “devastated areas”.

In accordance with the Central Credit Register Act (Official Gazette of the Republic of Slovenia, No. 77/16; "ZCKR"), the Bank of Slovenia established a centralised database of the indebtedness of private individuals and business entities (Central Credit Register; "CKR") in order to enable more efficient managing of credit risks and ensure more vigilant lending.

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“I would single out a couple of developments, first of all in Construction Law, which I do a lot of” begins Dace Silava-Tomsone, the Managing Partner of Cobalt in Riga, when asked for the Buzz in Latvia.

Czech lawyer Ivan Nechvatal has spent the past five years at CEZ, becoming a Corporate Governance Advisor - Turkey in July of this year. Based in Istanbul, Nechvatal participated in the 2016 General Counsel Summit in the city and was kind enough to share his thoughts on working in the Queen of Cities.

Based in Ankara, Bora Kaya is the Managing Legal Counsel at Gama Power Systems Engineering and Contracting, a company that he first joined in March 2015. Prior to that he was the Head of Legal at Ronesans Holding from October 2012 to December 2014. Earlier still, he worked for Eregli Iron and Steel Works Co. as the Assistant to the Head of Legal Department.

On December 20, 2016, CEELM reported that Inter Cars, an importer and distributer of automotive spare parts in CEE, obtained a loan facility from a consortium of banks. Jacek Piotrowiak, the General Counsel at Inter Cars, kindly agreed to share his experience managing the legal aspects of the deal.