EXPERTISE
Environmental, Social and Governance

Kinstellar Capital Markets series: Shareholder activism in Austria – Outlook 2026

February 2026 – Austria has not historically been regarded as a primary venue for aggressive shareholder activism. Activist engagement has traditionally been less confrontational and has typically taken the form of shareholder proposals, counter motions...

ESG legal update: Central and Eastern Europe and Central Asia regions (Q4 2025)

February 2026 – The final quarter of the year confirmed that ESG regulation across the region is entering a more mature and operational phase. While legislative alignment with EU sustainability frameworks continues, the focus has increasingly shifted...

Kinstellar advises BIG Mega Renewable Energy on over EUR 100 million financing for the Vacareni Wind Farm in Romania

December 2025 – Kinstellar has successfully assisted the leading renewable energy developer BIG Mega Renewable Energy on an approximately EUR 100 million project financing with a syndicate of lenders for the construction and operation of the Vacareni...

ISS & Glass Lewis – The end of standardised proxy voting recommendations?

December 2025 – For years, proxy advisors Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have shaped voting behaviour at annual general meetings (“AGMs”) of publicly listed companies, including in Austria...

Stop-the-Clock directive: transposition progress in Central and Eastern Europe

November 2025 – The Stop-the-Clock Directive (Directive (EU) 2025/794), which postpones the application of certain provisions of the EU's Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD)...

ESG legal update: Central and Eastern Europe and Central Asia regions (Q3 2025)

October 2025 – Drawing on insights from Kinstellar’s ESG Service Line members, we present you summary of the most recent regulatory and policy updates impacting ESG across the Central and Eastern European and Central Asian region. Q3 of 2025 saw continued...

Kinstellar announces new promotions in the Budapest office

October 2025 – Kinstellar Budapest is pleased to announce that Ákos Nagy has been appointed as Partner and Head of the local Competition, Dispute Resolution, Risk & Investigations, and ESG Service Lines, and Zsuzsa Andrékó and Máté Nagy have...

Three new state aid schemes are driving Romania’s move toward zero-emission transport

September 2025 – The Ministry of Transport and Infrastructure (MTI) in Romania has recently launched three state aid schemes, financed through the Modernisation Fund, to accelerate the transition to zero-emission transport:

Stop-the-Clock directive: Where things stand in Kinstellar jurisdictions

September 2025 – As part of the European Commission’s agenda to simplify and enhance competitiveness in relation to sustainability reporting obligations under the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability...

ESG legal update: Central and Eastern Europe and Central Asia regions (Q2 2025)

July 2025 – Our ESG Legal Update provides a snapshot of recent regulatory developments across Central and Eastern Europe and Central Asia, with input from Kinstellar’s ESG Service Line members.