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Kristóf Ferenczi is appointed Firm Managing Partner of Kinstellar
Kinstellar teams up with and integrates SOG Law Firm in Serbia

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Insights February 2024

Update: ESG reporting obligations in Bulgaria, Croatia, the Czech Republic, Hungary, Romania and Slovakia

With the 6 July 2024 deadline for the implementation of the EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (the "CSRD”) looming, Member States across the EU have been moving at different speeds to adopt their respective local implementing legislation. Our second status update on the CSRD implementation in Bulgaria, Croatia, the Czech Republic, Hungary, Romania and Slovakia is available here. At the time of writing, three of the six countries in Central and Eastern Europe that we have been following – the Czech Republic, Hungary and Romania – have already adopted legislative acts that, at least partially, implement the CSRD into national legislation. Slovakia has brought a draft act to parliament

News February 2024

Kinstellar strengthens its team in Kazakhstan with the appointment of Ardak Idayatova as Partner

Kinstellar is delighted to announce that Ardak Idayatova has joined the firm’s Almaty office as Partner. Ardak Idayatova is an experienced practitioner with a career spanning 20 years. She focuses primarily on commercial arbitration (especially construction arbitration) and litigation, as well as on public-private partnerships and real estate. Ardak’s expertise includes providing comprehensive support to major infrastructure projects, primarily representing foreign investors, international development banks and foreign contractors. Additionally, she represents and provides legal assistance to clients in foreign commercial arbitrations, mainly in connection with construction disputes arising out of different

News February 2024

Kinstellar reinforces its capabilities in Uzbekistan with the appointment of Kamilla Khamraeva as Counsel

Kinstellar is delighted to announce that Kamilla Khamraeva has joined the firm’s Tashkent office as Counsel. Kamilla focuses on Banking & Finance and the Energy and Infrastructure sectors. Kamilla is an experienced lawyer with a strong track record implementing some of the major and most sophisticated projects in Uzbekistan in recent years. She has also been involved in regional initiatives overseeing mandates in Turkmenistan, collaborating with local firms/lawyers on the ground. During her legal career she has advised the IFC, ADB, EBRD, Intesa Sanpaolo, Unicredit, Credit Suisse, MUFG, SACE and others in various transactions. Kamilla often works closely with lenders on structuring bespoke transactions to

Insights February 2024

Provisional agreement reached on the Ecodesign Regulation and its impact on the fashion sector

As of 5 December 2023, the Council and European Parliament reached a provisional political agreement regarding a „Regulation establishing a Framework for setting ecodesign requirements for sustainable products“. The upcoming EU sustainability legislation is crucial as it affects a substantial part of the Consumer & Retail sector. It is of particular importance in the field of fashion and luxury industry as the points which the provisional agreement addresses have been among the hot topics of recent years in this sector. As we are closely monitoring the legislation process, click here or on the image below to explore the overview of key points of the adopted provisional agreement.

Insights February 2024

A year in review: A brief analysis of the Serbian banking sector in 2023

As of the close of 2022, Serbia's banking sector faced challenges amid global economic conditions. The year 2023 brought its distinct set of obstacles, with a noteworthy slowdown in global inflation compared to the last quarter of 2022. However, the undeniable focal point is the war in Ukraine, triggering a faster inflationary spiral due to increased energy and food prices. Key mergers and acquisitions In 2020, Komercijalna Banka, the largest state-owned Serbian bank, was acquired by Slovenian NLB Banka, leading to the merger of NLB Banka and Komercijalna Banka into NLB Komercijalna Banka. Vojvodjanska Banka was acquired by Hungarian OTP Bank, followed by OTP Bank's acquisition of Societe Generale Bank. In 2021

Insights February 2024

Google ends geofence warrants

Location data has become an integral part of everyday digital life, providing easier navigation through various digital tools, such as maps. Despite the importance of making navigation easier, the need to preserve data privacy, such as location data, has been cast to the shadows. In light of this misuse of our private data, Google is finally set to implement a ground-breaking update for its widely used mapping service, Google Maps. The update relates to a change in the way Google stores data: instead of on the cloud, data will be stored on users’ devices. The anticipated update aims to prevent authorities from accessing users’ location history data through geofence warrants, which have long been considered controversial

Insights February 2024

Significant changes envisaged to grid connection for new power-generation capacities in Romania

The Romanian Energy Regulatory Authority (“ANRE”) has announced important amendments to the rules for connecting new power-generation capacities to the public network. On 1 February 2024, ANRE released for public consultation a draft order (“Draft Order”) regarding the approval of the Methodology for capacity allocation of new power-generation capacities (the “Methodology”) as well as other amendments to ANRE Order no. 59/2013 approving the public grid connection regulation (the “Connection Regulation”). Comments to the Draft Order may be submitted to ANRE by 1 March 2024. The main changes introduced under the Draft Order concern (i) a change of the grid connection process applicable to power-generation

Deals February 2024

Kinstellar advises banking consortium on Telekom Srbija’s tower deal

Kinstellar’s team in Serbia, together with global law firm Paul Hastings, has successfully advised Deutsche Bank, Alpha Bank, UniCredit, and UniCredit Bank Serbia on a EUR 205 million financing for global investment firm Actis in relation to their acquisition of a carved-out tower portfolio from Telekom Srbija, a leading telecommunications operator in the Central and Eastern European (“CEE”) region. The carved-out portfolio is comprised of approximately 1,800 macro towers across Serbia, Bosnia & Hercegovina, and Montenegro.   Kinstellar’s team, led by Petar Kojdić (Partner) and Mina Srećković (Managing Associate), played a pivotal role advising on the financing aspects of this transaction. Our

Insights February 2024

Recent regulatory developments regarding the use of body cameras in Hungary

The use of body cameras by law enforcement (both police forces and local government) and private security services started almost two decades ago and has been becoming more and more ubiquitous globally. It is of course a challenge in terms of privacy, as it is not only a relatively new technology where the social discourse has not had the time to form a common societal position, but it is also very invasive as in most cases people interacting with the wearer do not have the choice to use or not use the camera system. National and international authorities are just starting to form their opinion and issue guidelines on the use of body cameras, that is why it is notable that the Hungarian data protection authority

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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*2022 rankings in core practice areas in international legal directories (Chambers & Partners, Legal 500, IFLR1000)

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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.

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📢 🇰🇿 We are thrilled to announce that Ardak Idayatova has joined our firm's #Almaty office as Partner! 🌟 With over 20 years of experience, Ardak is a seasoned practitioner specializing in commercial #arbitration (especially #construction arbitration), #litigation, public-private partnerships, and real estate. Her expertise in supporting major infrastructure projects and representing foreign investors speaks volumes. Welcome aboard, Ardak! 🚀 🔗 https://lnkd.in/dsk_e_zg #exceptionaltogether #NewPartner #LegalExcellence #leadinglawyers #leadinglawfirm

🎙 🇷🇴 Iustinian Captariu, Partner and Head of our firm-wide #energy service line, will share important insights on “The #renewables debate - flexibility of networks, consumption predictions, #investment integration, accelerating for 2030” topic at the ZF Power Summit held in #Bucharest. ➡️ We are honoured to take part in one of the largest events organized by the reputable #business publication Ziarul Financiar, and dedicated exclusively to the local energy market. 📅 It is a 3-day conference (27-28-29 February), this year at its 13th edition, and it promises to be a platform suitable for dialogue between experts in the field aiming to accelerate the green energy transition.   🔍 Key topics that Iustinian will address: ✔️ Offshore wind: current status ✔️ Changes to the #legislative framework – are they welcome or insufficient? ✔️ 2025 and the new #regulatory framework – how should the local energy market work? ✔️ Can Romania really start new onshore #gas exploitation projects considering the environmental restrictions? ✔️ How can the legislative framework encourage #hydrogen or #storage projects? ✔️ The #CfD scheme: how should it be used in order to unlock investments in offshore wind or #nuclear? ✔️ European update. What should Romania pay attention to at this moment?   📢 Join us for a very engaging conference. More about the event here 👇🏻💡 https://lnkd.in/dWNe9-3C   #intheknow #ZFPowerSummit #greenenergy #renewableconference #Kinstellar 

We are delighted to have been invited by United Bulgarian Bank to take part in the Family Business Forum, “Форум ГЕНерация”, they have organised for their clients. Nina Tsifudina, Partner, and Denitsa Kuzeva, Senior Associate, highlighted some of the legal options available to any family business wishing to expand and grow in #Bulgaria and beyond.

📢 Proud of our results in the 2024 edition of the Chambers and Partners' #Global guide, encompassing both new individual recognitions and Band 1&2 rankings. This recognition underscores Kinstellar's growing reputation and our commitment to provide exceptional client experience across Central Europe and Southeast Asia. 🌟   🎉 Our heartfelt appreciation to our clients for their trust and support, and our gratitude to the entire Kinstellar team for their dedication and hard work! #exceptionaltogether #leadinglawyers

🌟 #15 years #15 voices 🙌🏼 #15 years since Day 1, what does #Kinstellar actually mean to its people? 📽 🎤 We talked to 15 #people from our offices who describe their #experience of working at the Firm and what Kinstellar represents to them.   🇧🇬 Diana Dimova, the Managing Partner of our #Sofia office, shares what makes her journey at Kinstellar so #rewarding: the intellectual challenges, the camaraderie among colleagues who dare to dream big, and the sense of unity as One Firm. For nearly a decade since the foundation of our Sofia office, Diana and the team in #Bulgaria have felt like valued members of the supportive Kinstellar community. #exceptionaltogether #15years #leadinglawfirm #leadinglawyers

📢 🇺🇿 We are delighted to welcome Kamilla Khamraeva, who is joining our #Tashkent office as a Counsel! With a focus on #Banking & #Finance and the #Energy and #Infrastructure sectors, Kamilla brings a wealth of experience and expertise to the table. 🌟 Kamilla is an experienced lawyer with a strong track record implementing some of the major and most sophisticated projects in #Uzbekistan in recent years. She has also been involved in regional initiatives overseeing mandates in #Turkmenistan. Her impressive track record includes advising renowned institutions such as the IFC, ADB, EBRD, and more, showcasing her prowess in navigating complex transactions. 🌟 Her #reputation hasn't gone unnoticed, as evidenced by accolades from renowned legal directories. In recent editions clients praise her for her profound industry knowledge and unwavering commitment to delivering top-notch services (Legal 500, 2023). 🙌 Welcome aboard, Kamilla, looking forward to celebrating many shared successes together! 🔗 https://lnkd.in/dMVrK3Bt #exceptionaltogether #NewHire #Banking #Finance #Energy #Infrastructure #TeamExpansion #leadinglawyers #centralasia

🌟 After 15 years of serving our clients with #dedication and #integrity, we felt it was time to revisit our core beliefs to ensure they reflect our commitment for the next chapter ahead. This led us to delve deeper into defining what truly drives us and what we stand for as a Firm. 🎯 Our #Purpose: It's the heartbeat of our Firm, the driving force behind everything we do. It's what keeps us motivated, energized, and determined to deliver our best each day - the very reason for our existence. 🌠 Our #Mission: This is our vision for the future. It outlines what we aim to achieve and who we aspire to be as a business. It's a compass guiding us toward our goals, guiding our actions, and shaping our decisions. 💎 Our #Values: These are the building blocks of the Firm’s culture. They represent our unwavering commitment to excellence, integrity, teamwork, and a client-centric approach. They are the building blocks upon which we build our success, day in and day out. 🙌 Together, these elements form the bedrock of our identity, guiding us through new challenges, exciting opportunities, and every step of our journey. We are One Firm, united in our pursuit of excellence, always striving to be exceptional, together. ✨ 🧡 We're incredibly proud of our new Purpose, Mission, and Values, and we're excited to continue serving our clients with the same passion and dedication that has defined us for the past 15 years. Here's to the future, filled with endless possibilities and boundless achievements! 🎉 #ExceptionalTogether #FirmValues #PurposeMissionValues #OneFirm 

🎙 🇺🇦 Daniel Bilak, Partner and Head of our #Ukraine office, will share insights at the Talking Foreign Policy radio show and #podcast on 20 February! 🌐 📅 Save the date: Tuesday, 20 February, at 9 am and 9 pm EST. 📻 Catch the broadcast on 89.7 WKSU or live on www.ideastream.org.   🌍 Topic: "Ukraine Endgame" - a crucial discussion led by the #military, #political, #financial, and legal experts in the field.   🔗 Host: Michael Scharf, Dean of Case Western Reserve University School of Law, will guide the conversation with his profound expertise in foreign policy.   🔍 Key questions to be discussed: ✔️ Why did russia invade Ukraine? ✔️ What is the current military status in the conflict between russia and Ukraine? ✔️ What are the prospects of a possible russia-Ukraine peace agreement? ✔️ How is the russia-Ukraine conflict likely to conclude?   🌐 Join us for an engaging dialogue on the salient foreign policy issues of the day! 🚀 https://lnkd.in/d_4UUfxM   #TalkingForeignPolicy #DanielBilak #Kinstellar #UkraineEndgame #ExpertPanel #GlobalInsights #ForeignPolicyDiscussion

📢 🌟 Congratulations to our outstanding #Intellectual Property & Technology team in #Ukraine and to Natalia Kirichenko, co-head of the firm-wide #IP&T service line, for being included in the ''Bronze'' band in World Trademark Review (WTR) 1000 #2024 - marking the firm’s third consecutive recognition in WTR.   💬 WTR commends Natalia and the team: ''Full-service law firm #Kinstellar continues to strengthen its #IP offerings. Its high-quality work includes managing huge #trademark portfolios, handling complex IP transactions and providing IP due diligence services. The ensemble benefits from its regional network throughout Central and Eastern Europe, Turkey and Central Asia. Leading the team from the Kyiv office, Natalia Kirichenko expertly advises clients on both contentious and non-contentious trademark issues. With almost two decades of legal experience, she specialises in advising players in the #telecommunications and #media industry''.   📰 WTR1000 is the only standalone publication to focus exclusively on the #trademark practice in 80+ jurisdictions around the world. It undertakes exhaustive qualitative research, identifying top firms and individuals based on their depth of #expertise, market presence and sophistication of work. 👏 #exceptionaltogether #leadinglawyers #ukraine #WTR #trademarks #intellectualproperty #iplawyers #lawfirms