Competition & State Aid

Romanian Competition Council’s preliminary conclusions on the retail banking sector inquiry launched in 2016

November 2018 – Following the adoption of EU Directive (EU) 2015/2366 of the European Parliament and Council of 25 November 2015 on payment services in the internal market (“PSD2”), the Romanian Competition Council (the “RCC”) launched in 2016...

Kinstellar Partner Roman Oleksik speaks at a conference on GDPR in Bratislava organised by renowned publishing house C. H. Beck

October 2018 – Roman Oleksik, Partner in Kinstellar’s Bratislava office, spoke at a conference on the EU’s new General Data Protection Regulations (GDPR) organised by C. H. Beck, a renowned German publishing house of professional journals and books....

Ukraine: New guidelines on state aid in relation to international financial institutions

September 2018 – The Antimonopoly Committee of Ukraine published new guidelines on state aid dated 6 September 2018 that clarify the AMC's approach to financing provided by international financial institutions and to state and municipal guarantees securing...

Kinstellar advises Promat Comimpex and Agroind Cauaceu on the sale of shares, in Romania

June 2018 – Kinstellar has advised the shareholders of Promat Comimpex and Agroind Cauaceu, two of the largest agribusiness companies in Romania, on the sale of 40% of their shares to Ameropa, a leading Swiss grain and fertiliser trader. Promat Comimpex...

Kinstellar advises Marriott on the opening of Aloft Kiev Hotel

May 2018 – Kinstellar has acted as Ukrainian counsel to International Hotel Licensing Company S.a r.l., a subsidiary of Marriott International, in connection with the opening of Aloft Kiev, the first managed hotel of Marriott International in Ukraine.

Kinstellar advises on the largest pharma transaction of 2017 in CEE

April 2018 – Kinstellar has successfully advised Penta Investments, the owner of the Dr. Max pharmacy chain operating in the Central and Eastern European region, on the acquisition of A&D Pharma, the largest pharmacy group in Romania. A&D Pharma...

Kinstellar advises on the merger between Cibank and United Bulgarian Bank

Feburary 2018 – Kinstellar is pleased to announce that it has successfully advised United Bulgarian Bank (“UBB”) and Cibank on their merger. The transaction follows UBB’s acquisition by KBC Group in 2017. Our team in Sofia has worked on the merger...

Going the extra mile: another set of amendments to Ukrainian competition laws are in the pipeline

November 2017 – Following last year's success in updating Ukrainian competition laws, Ukrainian Parliament has taken another step forward by adopting a set of long-awaited amendments.
Bans for sanctioned companies
On 9 November 2017, the...

Ukraine’s Antimonopoly Committee issues guidelines on state aid

November 2017 – Recently, the Antimonopoly Committee of Ukraine (the "AMC") issued guidelines regarding the application of the Law of Ukraine on State Aid to Undertakings (No. 1555-VII of 1 July 2014, the "Law"), which entered into force on 2 August...

Kinstellar advises KBC on the merger control approvals of its acquisition of United Bulgarian Bank

October 2017 – Kinstellar Sofia has advised KBC Group on the merger filing and approval of the EUR 610 million acquisition of United Bulgarian Bank and Interlease Leasing Company in Bulgaria, as well as on the antitrust aspects of the due diligence...