The National Bank of Ukraine published amendments to currency restrictions that were introduced in February 2022 at the start of the full-scale Russian invasion. The changes relate to payments under international technical assistance projects, transfers for the import of goods, dividend payments, and lending for the purchase of foreign currency-denominated government bonds. While the first two categories involve the easing of restrictions, dividend payments and lending for purchasing foreign currency-denominated government bonds are now subject to stricter regulation.Click on one of the images below or use the following links to read our overview in English or in Ukrainian. Download
Kinstellar has advised Eleven Ventures, a pioneer in early-stage investing in Central and Eastern Europe, on the investment in Cloud Office, a leading Google Cloud Partner serving 650+ customers across EMEA, with a team of 60+ engineers, through subscription of preference shares and convertible debt instrument. One of Eleven's largest investments in a Bulgarian company to date, the funds will support Cloud Office's expansion into Greece. The team was led by Nina Tsifudina (Partner) and included Georgi Kanev (Managing Associate), Nikolay Gergov (Senior Associate), Simona Damyanova (Junior Associate).
With the support of the Embassy of Ukraine in the UK, Kinstellar was proud to partner with Stephen Butler and his team at Strategy Council to host the UK-Ukraine Defence Tech Forum, themed "Financing Ukraine's Victory: Access to Capital and Scaling Defence Technologies" at the prestigious Royal United Services Institute in London on 8 November. Purpose Following on from the success of the previous drone-themed defence forum held in May, the UK-Ukraine Defence Tech Forum reconvened to promote investment by venture capital firms in Ukrainian miltech innovators. Ukrainian tech firms, UK and international VCs, and the governments of the UK and Ukraine exchanged views and experiences on the evolving role
Kinstellar is proud to announce its involvement in the development of Central Asia's largest public-private partnership (PPP) medical facility in Kokshetau, Kazakhstan. With financing led by the European Bank for Reconstruction and Development (EBRD) and the Asian Infrastructure Investment Bank (AIIB), this project marks the region's first healthcare PPP, supported by a EUR 365 million financing package from six major financial institutions. The 630-bed, multi-disciplinary hospital will operate under a greenfield PPP model, serving over 730,000 residents in Kokshetau and the broader Akmola region. Designed to achieve both LEED "Silver" and EDGE certifications, the facility embodies a strong commitment to sustainability
The Corporate Sustainability Reporting Directive (EU) 2022/2464 (the "CSRD") required EU member states to complete its transposition by 6 July 2024. However, uneven implementation led the EU Commission to initiate infringement proceedings against 17 member states, including the Czech Republic and Romania, on 26 September 2024, citing their failure to fully communicate the necessary transposition measures. These states now face a two-month deadline to finalise the process and respond to the formal notice. While the CSRD's transposition is nearing completion, attention is turning to the Corporate Sustainability Due Diligence Directive (EU) 2024/1760 (the "CSDDD"), an equally significant piece of legislation.
Orion CZ s.r.o., se sídlem Na příkopě 1096/19, Staré Město, 110 00 Praha 1, IČO: 27121810, zapsaná v obchodním rejstříku vedeném Městským soudem v Praze, oddíl C, vložka 173446 (dále jen "Zanikající společnost" nebo "Orion CZ s.r.o.") a Kinstellar, s.r.o., advokátní kancelář, se sídlem Na příkopě 1096/19, Staré Město, 110 00 Praha 1, IČO: 26423782, společnost zapsaná v obchodním rejstříku vedeném Městským soudem v Praze, oddíl C, vložka 146391 (dále jen "Nástupnická společnost" nebo "Kinstellar, s.r.o., advokátní kancelář") (Zanikající společnost a Nástupnická společnost dohromady také jako "Zúčastněné společnosti" nebo "osoby zúčastněné
Stay competitive in Hungary's evolving energy market by understanding the Guarantee of Origin, a crucial certification now available for renewable gas. This change could open doors for businesses focused on sustainability and compliance. Earlier this year, the amendment to the Act XL of 2008 - Natural Gas (the "Natural Gas Act") brought a significant shift: the introduction of a Guarantee of Origin for renewable gas, similar to what we have seen in the electricity market. The guarantee of origin is an electronic document designed solely to certify, using objective, transparent, and non-discriminatory criteria, that a given share or quantity of gas produced by a specific generation unit qualifies as renewable
Kinstellar is proud to have advised Ardian, one of the world's leading private equity investment companies, on the Romanian side of the transaction for the acquisition of a majority interest in Vista Vision, a leading provider of healthcare services specialising in ophthalmic and refractive surgery. The transaction includes the indirect acquisition of 100% of the shares in two Romanian subsidiaries, Vista Vision and SIM Vision. Headquartered in Milan, Vista Vision was founded in 2003 and currently operates 12 clinics across Italy and five in Romania. The company is a leader in opthalmology healthcare, specialized in laser eye surgery for the correction of myopia and cataract surgery. Kinstellar's legal team
4 November 2024 – It has come to our attention that some companies in Hungary have received unauthorised fraudulent emails falsely claiming to originate from Kinstellar's Budapest office (wrongly called "Andrékó Ferenczi Kinstellar Ügyvédi Iroda" – our Budapest Office's official name is different). This appears to be part of an illegal scam campaign. We assure you that these emails did not come from our official Kinstellar domain and have nothing to do with our Firm. Our IT and Risk & Compliance teams are giving this matter their highest priority and are actively investigating the issue. We are bringing this matter to the relevant authorities. Importantly, this illegal scam campaign appears to have been
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Our Team🌟 Celebrating excellence: Kinstellar’s women leaders in law 🌟 We are incredibly proud to announce that several of our outstanding colleagues have been recognized in the prestigious TOP 100 Women of Czech Legal Business 2025! 🎉 This renowned list, curated by the #PRVNÍCH100LET project, highlights exceptional women shaping the future of the legal profession across the Czech Republic. 💼 From leading transformative transactions to setting industry benchmarks, these brilliant women exemplify our commitment to legal excellence and innovation. Their recognition is a testament to their hard work, expertise, and unwavering dedication to their craft. 👏 A huge congratulations Iva Bilinska (Employment Law), Martina Březinová, Klara Stepankova, Barbara Kusak, Karla Rundtova (honored as All-Star experts) and to all the remarkable women included in this year’s list — you inspire us all! #Kinstellar #LegalExcellence #WomenInLaw #Leadership #Diversity https://lnkd.in/dniay8uM
📢 🇧🇬 #Kinstellar has advised Eleven Ventures, a pioneer in early-stage investing in Central and Eastern Europe, on the #investment in Cloud Office, a leading Google Cloud Partner serving 650+ customers across #EMEA with a team of 60+ engineers, through subscription of preference shares and convertible debt instrument. 👉 One of Eleven’s largest investments in a Bulgarian company to date, the funds will support Cloud Office's expansion into Greece. 🌟 The #team was led by Nina Tsifudina (Partner) and included Georgi Kanev (Managing Associate), Nikolay Gergov (Senior Associate), Simona Damyanova (Junior Associate). 🔗 https://lnkd.in/dvqQyegd #donedeals #InvestmentDeal #VentureCapital #CloudTechnology #GoogleCloudPartner #CentralAndEasternEurope #CEEInvestment #CorporateLaw #TechExpansion #Innovation #Growth #Bulgaria #BusinessGrowth
We are proud to see our colleague, Karla Rundtova, featured in the latest episode of PRÁVNIČKY podcast by INFO.CZ! Together with Martina Parusová Zímová from Accace Legal and Jaroslava Kračúnová from Deloitte Legal, Karla shares her inspiring journey in law, reflecting on challenges, triumphs, and valuable lessons learned along the way.
Join Us at the AKI Summit | CA Summit 2024 in Prague! ✨ 📣 Meet Kamil Blazek, Partner in the Prague office and the head of the firm-wide Infrastructure & Transportation sector, at the AKI Summit! 🚉🌍 As a featured panelist on Monday, he will share key insights on upcoming legislation on critical infrastructure, focusing on the implementation of the Critical Entities Resilience directive in Czech law. ⚖️ This year’s fourth annual conference focuses on two major legislative developments: 📌 The Critical Infrastructure Act (implementing the CER Directive) 📌 The Cybersecurity Act (implementing the NIS2 Directive) … along with vital issues like supply chain risk management 🔗 and the shifting role of compliance professionals. 📋💡 🌟 Why connect with us? ✅ Expertise: Navigating the complexities of critical infrastructure protection in today’s dynamic environment. ✅ Innovation: Leading-edge insights into risk management and resilience strategies for infrastructure providers. ✅ Global insights: A European perspective on infrastructure security challenges and regulatory frameworks. 💬 Interested in a conversation? 🤝 Reach out to us to set up a meeting! #exceptionaltogether #AKISummit #Infrastructure #CriticalInfrastructure #CyberSecurity #Compliance #RiskManagement #Legislation #CERDirective #NIS2Directive #SupplyChain #Innovation #Kinstellar
Themed “Financing Ukraine’s Victory: Access to Capital and Scaling Defence Technologies”, this event brought together #Ukrainian defence tech innovators, UK and hashtag#international venture capital firms, and senior representatives from both governments for an insightful exchange on the evolving role of #technology in modern #warfare, investment challenges, and the critical role of venture capital in scaling defence innovations that save soldiers' lives on the front lines.
📢 🇰🇿 #Kinstellar is proud to announce our involvement in the #development of Central Asia's largest public-private partnership (#PPP) #medical facility in Kokshetau, #Kazakhstan. 👉 With financing led by the European Bank for Reconstruction and Development (EBRD) and the Asian Infrastructure Investment Bank (AIIB), this project marks the region's first #healthcare PPP, supported by a EUR 365 million financing package from six major financial institutions. 🏥 The 630-bed, multi-disciplinary hospital will operate under a #greenfield PPP model, serving over 730,000 residents in Kokshetau and the broader Akmola region. Designed to achieve both LEED "Silver" and EDGE certifications, the facility embodies a strong commitment to sustainability and energy efficiency, while its 24/7 hospital information management system (HIMS) will set new standards for #digitalisation in Kazakhstan's healthcare sector. 🌟 Our team, led by Managing Partner Joel B. Benjamin, Of Counsel Maksim Grekov, and Senior Associate Aigerim Raikhanova, advised a consortium of lenders that included the #EBRD, #AIIB, #Proparco, #ICD, #DEG, and the Development Bank of Kazakhstan (#DBK). This transaction reflects Kinstellar's commitment to transformative infrastructure projects that elevate healthcare standards and accessibility across Central Asia. 🔗 https://lnkd.in/dRqD-m8C #donedeals #HealthcareSector #CentralAsia #CentralAsiaDevelopment #EnergyEfficiency #GreenBuilding #PublicPrivatePartnership #EmergingMarkets #KazakhstanProjects #PPPHealthcare
👩⚖️ Insights on personal injury compensation Lenka Petráková, Senior Associate at Kinstellar Prague office, recently shared her expertise at the Právne, forenzné a ekonomické aspekty medicíny conference in Bratislava. 🎙️ Her presentation covered recent trends in personal injury compensation within Czech judicial practice, offering participants practical insights into the evolving connections between law and healthcare. Thank you to Lenka for contributing to this important conversation! #exceptionaltogether #Kinstellar #MedicalLaw #PersonalInjury #LegalInnovation #ThoughtLeadership
🇭🇺 ⚡ Hungary's #energy market just took a big step forward! The recent amendment to the Natural Gas Act (Act XL of 2008) introduces a Guarantee of Origin (GO) for renewable #gas, a certification system to verify gas from renewable sources, similar to what we’ve seen in electricity. 🔍 Why this matters 👉 The GO certifies renewable gas production, adding credibility and transparency. Overseen by HEPURA, this system ensures smooth registration, transfer, and compliance. 📄 What’s next? 👉 HEPURA is rolling out application documents, including those needed for auditor agreements, critical for GO registration. 📖 Want to learn more? Read our overview below to see how these changes can impact your business and sustainability goals! 🔗 https://lnkd.in/daVJ3THg ✍️ Authors: Tomaj Balázs, Gullai Péter, Viktória Kárnyáczki #intheknow #RenewableGas #GuaranteeOfOrigin #EnergyCompliance #Hungary #Sustainability
Congratulations to the Charles University FDI Moot Team on their impressive achievement! We are proud to have been part of their journey and wish each team member great success in their future careers.