Kinstellar successfully completes the acquisition of Noerr’s Bucharest operations, following the acquisition of Noerr’s Offices in Bratislava and Prague
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Kristóf Ferenczi is appointed Firm Managing Partner of Kinstellar

News, deals & insights

Insights September 2024

Kinstellar advises France’s NJJ Capital on the landmark roll-up of businesses in the telecommunications sector in Ukraine

Kinstellar is proud to have acted as Ukrainian legal counsel to NJJ Capital, the investment company of France’s leading technology entrepreneur Xavier Niel, on the acquisition and merger of Datagroup-Volia, one of Ukraine’s largest fixed telecom and pay-TV providers, and Lifecell, Ukraine’s third-largest mobile operator. This landmark transaction is a significant consolidation of and investment in the Ukrainian telecoms market, that will bring many benefits to telecoms consumers, especially during wartime circumstances. Kinstellar’s legal team provided comprehensive Ukrainian law advice to NJJ Capital throughout the transaction. Lead lawyer and office managing partner Olena Kuchynska, noted:

Insights September 2024

New tax amnesty adopted by the Romanian government

On 6 September 2024, the Romanian government adopted Emergency Ordinance no. 107/2024 (“the GEO”) regulating a nationwide tax amnesty generally aimed at cancelling late payment interest and penalties related to certain outstanding tax liabilities, as summarised below.1. Waiver of interest, penalties and other additional charges for outstanding debts as of 31 August 2024 for all taxpayers. The outstanding debts as of 31 August 2024 include: budgetary liabilities for which the due date or payment term has been met on or before 31 August 2024; supplementary budgetary liabilities established by tax assessment decisions communicated up to and including 31 August 2024, as well supplementary liabilities

Insights September 2024

Romania to hold first CfD renewables auction in coming weeks

Romania is set to hold its first contracts for difference (“CfD”) auction in the next few weeks. The Ministry of Energy has taken further steps and issued the order for initiating the CfD auction under the CfD scheme. On 6 September 2024, Order No. 1290/2024, approving the launch of the first auction for the State aid scheme in the form of contracts for difference for the production of electricity from renewable sources of onshore wind and solar photovoltaic energy, as well as the rules of the procedure for the first auction (“Order 1290/2024”), was published in the Official Gazette of Romania and entered into force on the same date. The total capacity targeted is 1,500 MW of renewables; specifically

Deals September 2024

Kinstellar and KST Law advise Eleven Fund III Cooperatief on its investment in Magfi, Turkey

Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Our team was led by Partner Edmund Emre Özer, with support from Associates Helin Akbulut and Hatice Nur Arslan.

News September 2024

Kinstellar successfully completes the acquisition of Noerr’s Bucharest operations, following the acquisition of Noerr’s Offices in Bratislava and Prague

Kinstellar is delighted to announce the successful completion of acquiring Noerr’s Bucharest operations, marking the final phase of the strategic transaction that also included acquiring Noerr’s offices in Bratislava and Prague. This transaction represents a significant milestone in Kinstellar’s growth strategy across Central and Eastern Europe. With the addition of the new operations, first in the Czech Republic in Slovakia earlier this week and now in Romania, Kinstellar's presence in these markets has substantially expanded. With the addition of the new colleagues, Kinstellar Bucharest Office now boasts an even stronger team of seven partners and approximately 50 highly skilled lawyers and business professionals.

Insights September 2024

Kinstellar and DataDriven provide an overview of demining industry regulations in Ukraine

Kinstellar, in collaboration with DataDriven, provides regulatory guidance for companies entering Ukraine’s demining industry. Against the backdrop of Russia’s war, Ukraine has become the most heavily mined country in the world, with demining efforts estimated by the World Bank to require approximately USD 38 billion. The participation of Ukraine’s international partners is crucial to accelerate these efforts. â €œWe invite our partners to support Ukraine to meet the critical need for demining operations and we will support these partners via expert navigation through the rapidly evolving legal and regulatory framework,” noted Kinstellar Ukraine Partner and Head of the

News September 2024

Kinstellar announces new Senior and Managing Associate promotions in Zagreb

Kinstellar is delighted to announce a new round of promotions in our Zagreb office. Tena Pajalić, Andrej Skljarov and Franciska Fadljević have been promoted to Managing Associates, and Hrvoje Klišanić and Kristina Marinov have become Senior Associates.  These skilled professionals have demonstrated their expertise and have become integral members of our team. This promotion acknowledges their professionalism, outstanding service to clients, and significant contributions to the Firm.Miroslav Plašćar, Office Co-Managing Partner Tena Pajalić advises on financing projects, particularly on acquisition finance and project finance. She is also regularly involved in corporate housekeeping matters and due

News September 2024

Kinstellar successfully completes the acquisition of the Bratislava and Prague Offices of Noerr, with the acquisition of Noerr's Bucharest operations to follow imminently

Kinstellar is very pleased to announce the completion of the acquisition of the Bratislava and Prague offices of the highly respected German law firm, Noerr. The acquisition of Noerr’s Bucharest operations, the final piece of the transaction, is set to close following final administrative approvals which are expected soon. This milestone marks a significant step forward in Kinstellar's growth journey. Over the past 16 years, we have grown from 4 offices to a dynamic international firm with 12 offices across 11 markets in Central, Eastern, and South-eastern Europe, Turkey, Ukraine, and Central Asia. Adding the Noerr teams in Bratislava, Prague and, very soon, in Bucharest substantially enhances our strength and depth in these three markets.

Deals August 2024

Kinstellar advises CCC on the Romanian, Czech, Croatian, Hungarian, and Slovak legal aspects of a PLN 1.8 billion financing agreement

Kinstellar is delighted to announce it has successfully advised CCC—a leading Polish-based footwear manufacturer and retailer with a network of over 1,000 stores across 29 countries—on the Romanian, Czech, Croatian, Hungarian and Slovak legal aspects of a PLN 1.8 billion (approximately EUR 420 million) term and revolving facilities agreement. The financing, which is provided by a consortium of lenders including mBank, EBRD, Bank Pekao, BNP Paribas Bank Polska, PKO Bank Polski, Santander Bank Polska, and Bank Handlowy w Warszawie, as well as the factoring entities Santander Factoring, mFaktoring, PKO Faktoring, and BNP Paribas Faktoring, will support CCC’s ongoing operations and the further development of its brands

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 300 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)

Meet our people

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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Newsfeed

📢 🇷🇴 Meet us at The Real Estate Event organised by Retail 365, 📍 in #Bucharest (Restaurant Diplomat), on 📅 12 September 2024 , ⏰ starting with 14:00. ➡️ The #event serves as a dynamic platform where industry specialists, leaders and local authorities meet to shape the future of real estate in #Romania, fostering meaningful connections. 🎤 Victor Constantinescu, Bucharest Managing Partner, will moderate the panel 💡 "How do we turn Romania into a top target for global investors?" (starting at 17:10), which features top industry leaders: Alexandru Bonea, CEO and Co-founder, Meta Estate Trust, Alina Necula, Country Manager, Lion’s Head, Antoniu Panait, Managing Director, Vastint Romania, Sorin Preda, CEO & Founder, Global Vision, Dennis Selinas, CEO, Globalworth Romania, Marius Barbu, Group Asset Director, NEPI Rockcastle 🤝. The event will be 🔴 live-streamed on www.ziare.com and the official conference website. See you at the event—don’t miss this opportunity to engage with key players in the industry! #intheknow #realestate #Romania #globalinvestment #networking #events2024

📢 🇷🇴 #Romania is set to organize its first #CfD (contracts for difference) #auction in the next few weeks 🚩 ⚡ The Ministry of #Energy has officially launched the process and issued Order no. 1290/2024, approving the launch of the auction, as well as the rules of the procedure. Among others, the order outlines the details of the auction: 👉 1,500 MW total targeted capacity: 1,000 MW from onshore #wind 💨 and 500 MW from #photovoltaic sources ☀️ 👉 maximum strike prices: EUR 82/MWh for onshore wind 💨 and EUR 78/MWh for photovoltaic sources ☀️ 📅 The full timeline for the auction will soon be available on the websites of the Ministry of Energy and the CfD operator, Transelectrica S.A. 🏢 It will include, among others, information on: clarification periods, deadline for submission of applications, evaluation process of technical offers, timeline for contestations, selection of financial offers, estimated signing date for CfD contracts. 🆕 📅 Update: The calendar for the first auction under the CfD scheme was published on the website of the Ministry of Energy. The deadline for submission of applications is 18 November 2024.  📩 For more insights or questions, contact Iustinian Captariu, Partner in Bucharest and Head of the firm-wide energy sector and service line. ✍️ Ioana-Mihaela Criste, Senior Associate, co-authored the article above. 🔗 https://lnkd.in/dqEhQzuX #intheknow #renewableenergy #OnshoreWind #PhotovoltaicEnergy #EnergySector #DoingBusinessInRomania

🇰🇿 📍 Meet us at the 14th #Kazakhstan Legal Forum 2024 (#KLF2024), in #Almaty, 📅 on 26 & 27 September. 👉 The #Kazakhstan Legal Forum is the leading platform for legal professionals in the country and has been held for over a decade. This premier legal #event will feature over 80 speakers and more than 400 participants across four parallel sessions. 🎤 Kuanysh Shekerbekov, Counsel, will be speaking on “#Mergers and #Acquisitions in the AIFC: Current Trends and Future Prospects,” focusing on the evolving landscape of corporate law within the AIFC (Astana International Financial Centre).   🙌 The Forum, organised by Lincoln Company and supported by the Astana International Financial Centre (AIFC), as the general partner, and the Палата юридических консультантов «Kazakhstan Bar Association», as the informational partner, will cover a wide range of topics, including Market #Regulation, #Sanctions, #Antitrust, Corporate Law, M&A, #Digital Law, #Dispute Resolution, #Environmental Law, #Construction, and Contract Management and is being undertaken in coordination with English Law Day. 💼 Participants include prominent legal scholars, industry leaders, government officials, and senior executives from various sectors, bringing diverse perspectives to the discussions. 💡 As regular contributors to such key events, we look forward to engaging with fellow professionals, enhancing our collaboration and knowledge within the legal community in Kazakhstan. 🔗 Click here for more information and registration: https://thelawyer.kz/. #intheknow #KazakhstanLegalForum #KLF2024 #KazakhstanLaw #AlmatyForum #AIFC #CorporateLaw #LegalInnovation #MergersAndAcquisitions #LegalProfessionals #LegalTrends #SanctionsLaw #AntitrustLaw #DigitalLaw #DisputeResolution #EnvironmentalLaw #ConstructionLaw #ContractManagement #EnglishLawDay #LegalEvent #CentralAsia

📢 🇭🇺 New #hydrogen and #decarbonized #gas market package has been adopted and promulgated by the #EU. 💡 As of 4 August 2024, Regulation (#EU) 2024/1789 of the European Parliament and the Council on the internal markets for renewable gas, natural gas and hydrogen (Gas Regulation) and Directive (EU) 2024/1788 on common rules for the internal markets for renewable gas, natural gas and hydrogen (Gas Directive) entered into force. 🔎 Our legal #experts selected the most important topics that are relevant for market players – please see it in the below slider. 👇 📇 For more information on the new regulation, please contact Balazs Sepsey, Gullai Péter, Tomaj Balázs or László Bujáki. #intheknow #EnergyTransition #GreenEnergy #SustainableFuture #EURegulation #RenewableGas #HydrogenEconomy #ClimateAction #NetZero #CleanEnergy #Decarbonization

📢🌍 Navigate #Ukraine's #demining industry: Kinstellar and DataDriven provide an overview of regulations. 👇 🇺🇦 Against the backdrop of the #russian war, #Ukraine has become the most heavily mined country globally, with demining efforts projected to require USD 38 billion (#WorldBank estimate). 🔍 To support entities entering this crucial sector, Kinstellar’s team, led by Anastasiya Bolkhovitinova (Partner in our Kyiv office and Head of the local #Defence & #Security sector), and including Larysa Gorbunova (Senior Associate) and Maiia Savelieva (Junior Associate), in collaboration with DataDriven, a leading Ukrainian #consulting firm, are offering expert guidance on Ukraine’s rapidly evolving regulatory framework for demining operations. 💡 Our comprehensive analysis covers, among other things, key market entry options and the certification processes required for operating in this challenging yet vital area. 🔗 Read more and access the full analysis here. https://lnkd.in/dq3MG5UJ 📧 For tailored advice, please contact: Anastasiya Bolkhovitinova, Partner (trk=public_post_embed-text ), and Viktor Karvatskyy, Head of Defence & Demining, DataDriven (p?trk=public_post_embed-text ). #intheknow #Kinstellar #DataDriven #Ukraine #Demining #ForeignInvestment #Recovery #LegalInsights #MarketEntry

📌 Join us for the Virtual #Ukraine and #Slovakia Joint KnowledgeNet meeting on 📣 "Enforcement of Privacy Laws: #European Union vs. #Ukraine Perspectives", on 📅 10 September, at ⏰ 10 am CET. 🎤 Speakers Natalia Kirichenko, Partner in our #Kyiv office and co-head of the firm-wide #IP&T service line, and Lukas A. Mrazik, Managing Associate in our #Bratislava office, co-head of the firm-wide #TMT sector, and of the firm-wide Data & Cybersecurity service line, will share their insights and expertise on #privacy law regulations, #enforcement cases, and cross-border enforcement issues in the #EU and Ukraine.   💼  Event Highlights: 💡 Analysis of #data protection enforcement in the EU and Ukraine; 💡 Trends in #regulatory enforcement; 💡 Balancing #risks and the importance of data in business operations. 🙌 The event is co-organised by the IAPP - International Association of Privacy Professionals Ukrainian and Slovak KnowledgeNet Chapters. 🔗 Click here for registration and more information 👉 https://lnkd.in/dQW9zMVn #intheknow #PrivacyLaw #EUPrivacy #UkrainePrivacy #TMTSector #DataEnforcement #IAPP #KnowledgeNet #RegulatoryCompliance #BusinessRisk #PrivacyRegulation

🇭🇷 🙌 We are delighted to announce the #promotion of five talented professionals in our #Zagreb office, reflecting their #dedication, #expertise, and contributions to our clients and Firm. 🎉 Congratulations to our new Managing Associates: ⭐ Franciska Fadljević advised on #financing transactions, including project, acquisition and corporate finance. She also plays a key role in the Firm's M&A team, leading due diligence and supporting transaction structuring. ⭐ Tena Pajalić advises on financing projects, particularly on acquisition and project finance. She is also regularly involved in #corporate housekeeping matters and due diligence processes. ⭐ Andrej Skljarovas has experience in complex #regulatory #banking and finance matters involving renown clients. He advises on regulatory questions related to their high-tech operations in Croatia and support on offering complex financial products to local customers. 🎉 Congratulations to our new Senior Associates: ⭐ Hrvoje Klišanić specialises in commercial and company law, M&A, #TMT, #infrastructure and constitutional law. He is also a trusted advisor on high-profile #disputes and intellectual property rights. ⭐ Kristina Marinov has expertise in national and European #energy regulatory legislation, advising clients in the energy sector on a broad range of corporate, M&A, and regulatory matters.   👏 Congratulations! We look forward to their continued #success and #leadership within Kinstellar. #exceptionaltogether #Promotions #growth #LegalExcellence #LeadingLawyers #LeadingLawFirm

📢 🇺🇿 Meet us at #Uzbek #Arbitration Week #2024! 📍 #Tashkent, Uzbekistan 🗓️ 8 - 13 September 2024 We are excited to announce that Kinstellar is proud to be a sponsor of the 4th edition of 💼 Uzbek #Arbitration Week, hosted by the Tashkent International Arbitration Centre (#TIAC) and the Chamber of Commerce & Industry of Republic of Uzbekistan, with support from key partners and organizations. 🌟 🎤 Partners Ardak Idayatova (Dispute Resolution, #Tashkent) and Luke Wochensky (Firm-wide Head of #Risk & #Investigations) will be among the distinguished #speakers, sharing insights on key developments and trends in arbitration, dispute resolution, sanctions & compliance. 🙌 This #event promises an excellent platform to connect, learn, and engage with leading experts in the field. Don't miss out on this opportunity to be part of one of the most prominent arbitration events in the region. 👉 Click here for the full agenda and event details. https://lnkd.in/gvwW-mdD We look forward to seeing you in Tashkent! #exceptionaltogether #CentralAsia #Kinstellar #UzbekArbitrationWeek #Arbitration #DisputeResolution #Compliance #Sanctions #RiskManagement #LegalIndustry #InternationalLaw #UzbekistanLaw #LegalConference #TIAC2024 #CentralAsiaLaw

📢 🇷🇴 We are delighted to announce the successful #acquisition of Noerr’s #Bucharest operations, marking the final phase of a #strategic transaction that also included acquiring Noerr’s offices in #Bratislava and #Prague. 🌟 This #transaction represents a significant #milestone in Kinstellar’s growth strategy across Central and Eastern Europe. 🇨🇿 🇷🇴 🇸🇰 With the addition of the new operations, first in the #Czech Republic and #Slovakia earlier this week and now in #Romania, Kinstellar's presence in these markets has substantially expanded. With the addition of the new colleagues, Kinstellar Bucharest Office now boasts an even stronger team of 7 partners and 50 highly #skilled lawyers and business professionals. 🌟 Another highlight of this transaction is the acquisition of Noerr’s renowned Tax & Financial Advisory team into Kinstellar’s Romanian operations. This team brings specialised expertise in state aid projects, financial structuring and tax advisory services, significantly strengthening Kinstellar's multidisciplinary full-service offerings. This addition enhances our capability to deliver comprehensive solutions to our clients, particularly in complex and cross-border matters. 🙌 Welcome to our new teams in Bucharest, Bratislava and Prague! We look forward to this exciting new chapter and to continuing to provide exceptional service to our clients across the region! 🎉 🔗 https://lnkd.in/d9caM4wf #exceptionaltogether #Kinstellar #Growth #CEE #Romania #CzechRepublic #Slovakia #LegalExcellence #StrategicExpansion #LeadingLawFirm #LeadingLawyers #TaxAdvisory