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Insights August 2026

The new EU Anti-Corruption Directive: Preparing your business for a new compliance landscape

July 2026 – Directive (EU) 2026/1021 (the "Directive") represents the most significant modernization of the European Union's anti-corruption framework in more than two decades. It substantially expands corporate exposure by harmonizing corruption offences, strengthening corporate criminal liability, increasing sanctions, and encouraging more robust compliance programs throughout the European Union. The Directive provides a clear indication of the European Commission's enforcement priorities and establishes the direction of future anti-corruption enforcement throughout the EU. Companies operating in Europe should therefore use the transposition period to assess corruption risks, strengthen governance arrangements, and ensure

Deals August 2026

Kinstellar advises Revetas Capital on financing its acquisition of a landmark office property in Vienna

July 2026 – Kinstellar has advised Revetas Capital, the international real estate investment manager specializing in in value-add, opportunistic, distressed real estate and special situations, on the financing of the acquisition of an office building located on Reschgasse in Vienna's 12th district (Meidling). The transaction marks Revetas Capital's entry into the Austrian real estate market and represents the first investment under Revetas' DACH residential-for-sale platform The acquisition underlines Revetas' role as a specialist in resolving complex real estate situations through restructuring and active asset management, acquiring, structuring and delivering well-located assets and unlocking their value for institutional investors.

Deals August 2026

Kinstellar advises on acquisition of market-leading software platform in the Czech Republic and Slovakia

Kinstellar has successfully advised MidEuropa on its acquisition of the Czech Republic's leading construction software platform from DEK Group, bringing together ÚRS CZ, First information systems and Callida. The platform's software and proprietary construction data are used daily by contractors, developers, cost estimators and public authorities across the Czech Republic and Slovakia. The transaction is expected to close in the second half of 2026, subject to customary closing conditions. The acquisition represents another strategic investment by MidEuropa in a mission-critical software business benefiting from strong structural growth drivers. The platform supports the full construction project lifecycle

Insights August 2026

Ukraine approves a civil aviation strategy and creates a coordination centre to prepare for the resumption of flights

New moves by Ukraine's Cabinet of Ministers are readying the country for the eventual resumption of flights across Ukraine. Specifically, Order No. 677-r and Resolution No. 888, issued on July 8, set out a vision for the eventual post-war reactivation of Ukrainian air traffic, along with a wider process of integration into the EU aviation system. Implementation comes via a formal Strategy for the Development of Civil Aviation and the establishment of an Interagency Coordination Centre and will comprise two phases: the first covering 2026-2028, and the second spanning 2029-2030. Click on the image below or use this link to read the overview in English.

Deals August 2026

Kinstellar advises Conseq Funds on the acquisition of the Kateřinská 40 office property in Prague

Kinstellar has advised Conseq Funds on the acquisition of the Kateřinská 40 office property in Prague 2 from PPF Group, structured as a share deal. The transaction concerns a high-quality multi-tenant office asset in a prime central Prague location, offering a stable income profile and long-term institutional tenants. The transaction was legally complex due to the property's unusual title structure. The building is situated on land used on the basis of long-term easement and leasehold rights granted by third parties and is structurally interconnected with neighbouring properties. This required a detailed review and assessment of the reciprocal rights and obligations relating to the underlying land, neighbouring

Deals August 2026

Kinstellar advises ESET on the purchase of 100% of Cyber Defense Group

Kinstellar has successfully advised Bratislava-based ESET, a global leader in cybersecurity solutions and the largest European cybersecurity vendor, on its acquisition of 100% of the shares in Cyber Defense Group, ESET's long-standing exclusive partner in the Netherlands. The acquisition forms part of ESET's broader strategic expansion announced at ESET World 2026, which includes the establishment of new commercial offices in the Netherlands, France, and India. Through the acquisition of Cyber Defense Group, ESET transitions from a partner-led model to a direct market presence in the Netherlands, enhancing its ability to serve customers, partners, and public sector organisations in one of Europe's most technologically

Insights August 2026

Microshifting: the next workplace challenge for Romanian employers?

Flexible working is no longer just about where employees work. Increasingly, it is about when. For the past few years, workplace flexibility has largely been associated with remote and hybrid working. Today, the conversation is shifting from where employees work to when they work. Increasingly, employees want greater autonomy to organise their working day around periods of peak productivity, personal commitments, or family responsibilities. This emerging model, commonly referred to as microshifting, allows employees to divide their working day into several separate work blocks rather than following a traditional continuous schedule. While the concept remains relatively new, it is already attracting significant attention

Insights July 2026

TrophyLab: Ukraine enables access to information on captured weapons

The Ministry of Defense of Ukraine has launched TrophyLab, a new platform enabling eligible Ukrainian and foreign defense-sector entities to study captured military equipment through access to technical information, research materials and physical samples. Click on one of the images below or use the following links to read our overview in English or in Ukrainian. Download in English: Download in Ukrainian:

Insights July 2026

Half-Year Competition Update – Western Balkans: Serbia and Montenegro

The first half of 2026 brought two important competition-related developments in Serbia and Montenegro. In Serbia, a new unfair trading practices regime started to apply to buyer-supplier relationships in strategically important supply chains, giving the Serbian Competition Authority a new enforcement role beyond traditional antitrust and merger control. In Montenegro, the new Competition Act has modernised the merger control, restrictive agreements, and enforcement framework, bringing it closer to EU competition law standards. Serbia: Unfair trading practices in selected supply chains The Law on Trading Practices for Certain Types of Products (the "UTPL") entered into force on 1 May 2026. The UTPL applies to

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We advise international corporates, financial institutions, investment funds and governments on complex cross-border transactions and investments.

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🇸🇰 We advised Bratislava-based ESET, a global leader in cybersecurity solutions and the largest European cybersecurity vendor, on its acquisition of 100% of the shares in Cyber Defense Group, ESET’s long-standing exclusive partner in the Netherlands. 🇳🇱 The acquisition forms part of ESET’s broader strategic expansion, which includes the establishment of new commercial offices in the Netherlands, France, and India, while transitioning from a partner-led model to a direct market presence in the Netherlands.   Our team was led by Partners Dominika Bajzáthová and Viliam Mysicka with key support from Livia Miklenčičová (Managing Associate) and Rebecca Hulalová (Junior Associate). Thank you to Osborne Clarke - Netherlands for acting as our local support on this deal. 🔗 https://lnkd.in/dYqFbCVA #ExceptionalTogether #DoneDeals #Slovakia #Netherlands #MergersAndAcquisitions #MandA #Cybersecurity #CyberDefense

🌟 🇺🇦 We are delighted to share that Maksym Tesliar, Partner and Head of the Employment & Labour Law Service Line in Ukraine, has been recognised as a Recommended lawyer in the Lexology Index 2026: Employment & Labour category. 💼 This recognition reflects Maksym's deep expertise, commitment to excellence, and longstanding success in advising clients on complex employment and labour law matters in an evolving legal environment. 🔍 Lexology Index is a leading global guide to the world's top legal practitioners, identifying outstanding lawyers through independent research and nominations from clients and peers. 🎉 Congratulations to Maksym on this well-deserved recognition, and thank you to our clients and colleagues for their continued trust and support! #ExceptionalTogether #InTheKnow #LexologyIndex #LexologyIndex2026 #EmploymentLaw #LabourLaw #LegalRecognition #UkraineLegal #EmploymentAndLabour

🏙️ Let’s meet at the IBA Annual Conference 2026 in Copenhagen. We are delighted to be attending the International Bar Association's flagship annual gathering, taking place in Copenhagen, Denmark, between 4-9 October. The event remains one of the most influential forums for the global legal community, bringing together thousands of legal professionals from law firms, businesses, government bodies and regulatory authorities across more than 130 jurisdictions. The conference offers a unique platform to exchange insights, strengthen relationships, discuss cross-border opportunities and explore the legal and business developments defining markets around the world. Our team on the ground at #IBA2026: 🌍 Kristóf Ferenczi, Firm Managing Partner 🌍 Jason Mogg, Senior Partner 🇦🇹 Philipp Kapl, Partner, Austria 🌍 Rachel Kennedy, Director of Business Development, United Kingdom 🌏 Rita Ran PANG, Director of Business Development, Southeast Asia 🇨🇿 Lukas Sevcik, Partner, Czech Republic, Head of the Firmwide Defence Sector 🇺🇿 Otabek Suleimanov, Partner, Uzbekistan 🇧🇬 Nina Tsifudina, Partner, Bulgaria, Head of the Firmwide Employment Service Line 🌍 Luke Wochensky, Partner, Head of the Firmwide Risk & Investigations Service Line 🇻🇳 Minh Duong, Managing Partner Kinstellar Southeast Asia, Vietnam 🤝 If you will be attending and would like to connect with our team in Copenhagen, please reach out to us. We look forward to insightful conversations, reconnecting with clients and colleagues, and building new relationships within the international legal community. #ExceptionalTogether #MeetUs #IBA #IBACopenhagen #InternationalBarAssociation #LegalConference

🇨🇿 Our team in Prague advised Conseq Funds on the acquisition of the Kateřinská 40 office property, a high-quality multi-tenant office asset in a prime central Prague location, from PPF Group, structured as a share deal. ⚖️ The transaction was legally complex due to the property's unusual title structure. The building is situated on land used on the basis of long-term easement and leasehold rights granted by third parties and is structurally interconnected with neighbouring properties. The team advised our client throughout the entire transaction, and was led by Partner Jan Lehký (Partner) and included Associate Zuzana Šedinová, Senior Associate Katarína Jendželovská, as well as Junior Associates Miloslav Pospíšil, Matyáš Nekvasil, Paul Válka and Tomas Fronek. 🔗 More details: https://lnkd.in/dRQtgWSB #ExceptionalTogether #DoneDeals #CzechRepublic #Prague #MergersAndAcquisitions #MandA

🇺🇦 TrophyLab launched in #Ukraine: new access to information on captured weapons Our team in Ukraine highlights the Ministry of Defense's new #TrophyLab platform, designed to provide eligible Ukrainian and foreign defence-sector entities with access to information and research opportunities relating to captured military equipment. The infographics covers: 📌 Eligibility criteria for Ukrainian and foreign applicants 📌 The application process 📌 Platform functionality 📌 The potential impact on defence companies and Ukraine Read the full alert here: 🔗 https://lnkd.in/da_Vtb5X 📞 For more details, please contact Daniel Bilak, Kyiv office Managing Partner, Defence & Security, Natalia Kirichenko, Partner, Firm-wide Head of IP&T, or Maiia Savelieva, Senior Associate, Defence & Security. #ExceptionalTogether #InTheKnow #UkraineLaw #Defence #Security #Innovation #LegalUpdate #KinstellarUkraine #UkraineReconstruction

On 27 July 2026, Regulation (EU) 2026/1744 (the Digital Omnibus) entered into force, only days before the original application date of the AI Act's high-risk obligations. If you use AI in recruitment, employee monitoring, performance evaluation, promotion, task allocation or termination decisions, you have just been handed sixteen months: those obligations now apply from 2 December 2027. ⏳ What you have not been handed is a pause. From 2 August 2026, transparency obligations apply. Candidates must be told when they are interacting directly with an AI system, and AI-generated content must be identified as such. So does the enforcement framework, with administrative fines reaching EUR 15 million or 3% of total worldwide annual turnover, whichever is higher. Simplified rules, delayed deadlines—but can compliance wait? ✍️ Read our latest article by Andrada Popescu, Managing Associate in our Bucharest office, on what changed, what didn't, and where #Romanian companies should start 👇 https://lnkd.in/djVMG9su #ExceptionalTogether #InTheKnow #AIAct #DigitalOmnibus #AIGovernance #EmploymentLaw #Romania

🇺🇿 Our team advised OLX Group on the Uzbek law aspects of the divestment of its 100% participatory interest in OLX Uzbekistan to TBC Bank Group.   🌐 The transaction marks one of the most significant technology M&A deals in Uzbekistan in recent years. Through the acquisition, TBC Uzbekistan expands its digital ecosystem beyond financial services by integrating one of the country's leading online marketplaces, serving approximately 5.4 million monthly active users and hosting around 2.2 million active listings. Following completion of the transaction, OLX Uzbekistan will continue operating under the OLX brand.   Our team advised OLX Group on the Uzbek law aspects of the deal throughout all stages of the transaction, and was led by Partner Sher Yunusov, with key support from Malika Murodova (Azimova) (Senior Associate), Marjona Khafizova and Sardor Akhmedov (Associates). Congratulations to all parties on the successful completion of this landmark transaction. 🔗 Find out more on our website: https://lnkd.in/dJ8v63Fh #ExceptionalTogether #DoneDeals #Uzbekistan #UzbekLaw #CorporateLaw #TBC #OLX #FinancialServices

📊 Before any group starts modelling top-up tax, there is a simpler question to answer: are you actually in scope? This is the first in a series of 10 posts in which our Tax team unpacks what Pillar II means in practice for companies in #Romania. We start with the threshold. The rules apply where a group reports consolidated revenue of at least EUR 750 million in at least two of the last four financial years. Two details are easy to overlook: 🔸 Where a financial year is shorter than 12 months, the threshold is adjusted proportionally. 🔸 The euro-to-lei conversion follows a specific official rate, not the current market rate. For groups above the line, the domestic top-up tax (QDMTT) is where the analysis begins for their Romanian companies. 💡 Swipe through the carousel below and follow along for the next nine. For a discussion on how these rules apply to your group, our Bucharest Tax team is here to help: 🔸 Theodor Artenie, Partner and Co-head of the firm-wide Tax practice 🔸 Carmen Mazilu, Senior Tax Advisor 🔸 Roxana Gheorghe, Senior Tax Advisor #ExceptionalTogether #InTheKnow #PillarII #GlobalMinimumTax #Tax #TaxLaw #TopUpTax #KinstellarTax #QDMTT

🇺🇦 New export control procedures introduced in #Ukraine Our team in Ukraine outlines a new framework (effective 8 July 2026) governing the export of certain military and dual-use goods during martial law, including: 📌 The scope of the new export control procedure 📌 A dedicated export approval process for qualifying exports 📌 Special rules for technology transfers and related restrictions 📌 New export permit fees 📌 Expanded exemptions from Cabinet of Ministers authorisation for certain exporters Read our full alert here 👉 https://lnkd.in/dr6jpdbY 📞 For more details, please contact Daniel Bilak, Kyiv office Managing Partner, Defence & Security, Natalia Kirichenko, Partner, Firm-wide Head of IP&T, or Maiia Savelieva, Senior Associate, Defence & Security. #ExceptionalTogether #InTheKnow #UkraineLaw #Defence #Security #ExportControl #LegalUpdate #KinstellarUkraine #UkraineReconstruction