Kinstellar supports Ukraine in its reconstruction efforts and launches dedicated Ukraine reconstruction projects website
Kinstellar launches new sister law firm in Cambodia
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Insights May 2026

CEE Transposition Status of the EU Pay Transparency Directive

The EU Pay Transparency Directive is no longer a distant HR compliance topic. It will require employers to review how pay is set, documented, disclosed and justified, with a particular focus on equal pay for equal work and work of equal value. EU Member States must transpose the Directive into national law by 7 June 2026. The European Commission has confirmed that, after that deadline, it will assess whether national legislation properly reflects the Directive's requirements. With the deadline now only weeks away, the picture across the region remains uneven. Some countries have published draft legislation, some are still preparing proposals, and Slovakia has already completed the legislative process. Employers with

Insights May 2026

Agricultural land restrictions expiring in Bulgaria: New opportunities for energy and infrastructure projects

The decade‑long ban in Bulgaria on the municipal disposal of residual agricultural land remaining after the restitution to former owners - so-called land under Article 19 of the Agricultural Land Ownership and Use Act ("Residual Agricultural Land") has now officially expired. Introduced in 2015, the restriction came to an end on 23 December 2025, enabling the municipalities to dispose of such land in accordance with the general statutory regime and creating new opportunities for energy and infrastructure developments. 1. Background: Historical context and legal regime Residual Agricultural Land originally belonged to private owners and was later nationalised or subject to severe restrictions on ownership rights.

Insights May 2026

New rules for international military assistance in Ukraine: Key changes

Ukraine has introduced important updates to the way international military assistance is coordinated during martial law. The changes broaden the scope of such assistance to include financial contributions from partner states and establish a more streamlined, centralised approach to working with donors. Click on one of the images below or use the following links to read our overview of the key changes in English or in Ukrainian. Download in English: Download in Ukrainian:

Deals May 2026

Kinstellar and KST Law advise Balderton Capital on Grand Games’ USD 70 million Series B investment

Kinstellar and KST Law have advised Balderton Capital on its participation in the USD 70 million Series B funding round of Grand Games, one of Türkiye's fastest-growing mobile gaming companies, building on our prior advice to Balderton Capital in connection with the USD 30 million Series A financing round of Grand Games, reflecting our continued relationship on this track. The round was led by Balderton Capital's Growth Fund, alongside participation from existing and new investors, bringing Grand Games' total funding to USD 103 million. Founded in 2024, Grand Games has rapidly emerged as one of the fastest-growing mobile gaming companies in the region, having released six titles and surpassed 50 million global

Deals May 2026

Kinstellar advises Raiffeisen Bank International on the growth financing of REPLOID Group in Austria

Kinstellar has recently advised Raiffeisen Bank International on the provision of a double-digit million-euro growth financing to REPLOID Group, an Austrian biotechnology company. The financing represents a strong endorsement of REPLOID's scalable and profitable business model, which focuses on the conversion of organic residual materials. By combining circular economy principles with advanced insect technology, REPLOID produces high-quality proteins, fats, and organic fertilisers, addressing a rapidly growing market of strategic importance for a more sustainable economy. Scale-up banking is a relatively new product in the Austrian market, and Kinstellar combined its financing experience with Raiffeisen Bank International

Insights May 2026

AI in HR: More time to prepare – not less to do

On 7 May 2026, the European Parliament and Council reached a political agreement to postpone the application of key obligations for high-risk AI systems under the EU AI Act. For standalone systems, including many HR and recruitment tools, the deadline is expected to move from 2 August 2026 to 2 December 2027. The European Parliament and Council must now formally adopt the political agreement. This is a welcome development for many organisations. It recognises that the compliance framework is still maturing, but it should not be misunderstood. The extension affects timing, not substance. The underlying legal and operational expectations remain unchanged. Several of the AI Act's most important provisions are

Insights May 2026

Exchange of temporary residence permits: Updated rules in Ukraine

Ukraine has updated the rules governing the exchange of temporary residence permits. The new regulation becomes effective on 7 May 2026 and establishes a mandatory deadline for certain foreign nationals and stateless persons to renew their residence permits, replacing earlier wartime flexibility with a clearly defined application period. 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 May 2026

The European Cybersecurity Reform – Expanded overview

We are pleased to share our updated and extended overview and critical analysis of the European cybersecurity reform, Cybersecurity Act 2.0 (CSA2), now including additional jurisdictions. This overview examines one of the most significant proposed shifts in the EU's digital regulatory framework since the adoption of the original Cybersecurity Act. It outlines the key elements of the European Commission's proposal, including the expansion of ENISA's mandate, the centralisation of certain cybersecurity competences at EU level, and a harmonised framework addressing "non-technical risks" linked to third-country suppliers. The analysis also highlights the potential impact of CSA2 on Member States' sovereignty

Insights May 2026

Upcoming changes to Romanian cookie consent framework

Romania is taking a significant step towards bringing its cookie consent rules into line with the standards established under the General Data Protection Regulation (GDPR) and the guidance of the European Data Protection Board (EDPB). A legislative proposal currently under parliamentary review would introduce binding, prescriptive requirements governing the design and operation of cookie consent mechanisms – requirements that will have direct practical consequences for any organisation operating a website or digital service accessible from Romania. The domestic legal framework on cookies is primarily governed by Law No. 506/2004 on the processing of personal data and the protection of privacy in the electronic communications

About us

Kinstellar is an ambitious and fast-growing international law firm with a strong presence across Central & Eastern Europe, Southeast Europe, Central Asia and Southeast Asia.

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

We are recognised for our expertise in energy and infrastructure, project finance, financial institutions, private equity, M&A, dispute resolution and regulatory matters.

Our team of over 400 lawyers across 15 offices combines deep local expertise with international experience.


*2026 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 Central & Eastern Europe, Southeast Europe, Central Asia and Southeast Asia.

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Newsfeed

📰 We are pleased to share the latest #Bulgaria chapter of Global Arbitration Review's (#GAR) Know-How - Commercial Arbitration, providing a comprehensive overview of local arbitration laws, procedure, and enforcement. The guide, written by our experts Boryana Boteva (Senior Counsel), Debora Dineva (Senior Associate) and Nikoleta Ivanova (Junior Associate), covers 51 topics on Bulgarian arbitration practice, including: • Key legislation and institutional framework, including the 2025 amendments • Updates on enforcement of foreign and domestic awards • Practical considerations for arbitration proceedings with a place in Bulgaria As arbitration continues to play a vital role in resolving cross-border disputes, understanding local practices is essential for both legal professionals and businesses operating internationally. 💡 We are proud of our team’s contribution and invite you to explore the full chapter here: https://lnkd.in/dajsch4G #ExceptionalTogether #InTheKnow #Arbitration #CommercialArbitration #DisputeResolution

🌟 Proud to share our latest recognition in the IP STARS 2026 rankings – a testament to the strength and consistency of our Intellectual Property teams. 🏆 🇧🇬 Kinstellar Bulgaria has been ranked as a Notable Firm in the Trade Mark 2026 category, reflecting the team’s continued excellence in delivering top-tier trademark advice. 🏆 🇺🇦 Kinstellar Ukraine has been ranked as a Notable Firm in the Intellectual Property 2026 category, recognising the team’s strong expertise and ability to deliver outstanding IP support in a challenging and fast‑evolving environment. IP STARS (Managing IP's rankings publication) research provide independent and impartial accreditation across 150+ jurisdictions, covering 1,600+ firms and 7,000+ practitioners. 👏 A big thank you to our clients for their ongoing trust and meaningful partnerships! Congratulations to our IP teams for their dedication and outstanding results and to Natalia Kirichenko, our firm-wide head of the Intellectual Property services, for her inspiring leadership. #ExceptionalTogether #InTheKnow #IPStars2026 #IntellectualProperty #TradeMarkLaw #LegalExcellence #Recognition #Bulgaria #Ukraine

🎥 A great evening in Prague as part of the ABA International Labor and Employment Law Committee Midyear Meeting We were delighted to be part of this outstanding event and would like to thank the American Bar Association and the organisers for bringing together such a strong international legal community. Thought‑provoking discussions, excellent company, and the chance to connect across jurisdictions made it a truly rewarding experience. Thank you to everyone who joined us and contributed to the open exchange of ideas. We look forward to continuing these discussions and supporting our colleagues whenever regional expertise is needed. 💡 #ExceptionalTogether #InTheKnow #ABA #LaborAndEmploymentLaw #LegalCommunity #Prague #LabourLaw #EmploymentLaw

The EU Listing Act is reshaping MAR, and listed companies across Europe will need to adapt their disclosure frameworks, governance processes and insider list management. We are pleased to invite you to the webinar "Preparing for the MAR 2026 Changes" organised by Euronext Corporate Solutions, taking place on 28 May (11:00–12:00 CET), and are delighted that our Capital Markets expert, Petra Heindl, will be part of the panel. 🎯 What you’ll learn: • Common mistakes issuers make under the current MAR regime. • How to determine, under the revised MAR framework, when a protracted process reaches the "final event" that triggers the disclosure obligation. • How Euronext is preparing as a listed company, and what governance practices other issuers can take from their approach. • Practical steps you can take now to be ready before the changes take effect. 🎙️ Expert panel participants: • Tatyana Valkova (Chief Risk and Compliance Officer, Euronext Corporate Solutions) • Petra Heindl (Attorney-at-Law from our Vienna office) • Emil Burman (Senior Product Manager, Euronext Corporate Solutions) 👉 Register here: https://lnkd.in/edi8FJpd #ExceptionalTogether #InTheKnow #CapitalMarkets #Regulation #Compliance #MAR #EUListingAct #CorporateGovernance #Webinar

🤖 The EU has agreed to push back the application of key #AI Act obligations for high-risk systems, including most HR tools, to December 2027. Some obligations already apply, including prohibited AI practices and AI literacy requirements. At the same time, AI is already deeply embedded in HR processes across many organisations, often without clear classification, governance or oversight. The extension affects timing, not substance. The underlying legal and operational expectations remain unchanged. 🔎 Read the full article by Benedikt Sprinzl (Employment & Labour Law Partner, Vienna) to gain full insights: https://lnkd.in/d_fGC2JZ #ExceptionalTogether #InTheKnow #EmploymentLaw #HR #ArtificialIntelligence #AIAct #FutureOfWork #LegalInsights #Compliance

🇷🇴 New conditions in #Romania for the recruitment of foreign workers: necessary reform or overregulation? On 27 April 2026, Government Emergency Ordinance No. 32/2026 entered into force, introducing a significantly stricter framework for the employment of foreign nationals in Romania, with major implications for both employers and placement agencies. ⚖️ The Ordinance introduces two distinct categories of employers, registered and authorised, each subject to different eligibility criteria and obligations, including mandatory registration on the WorkinRomania.gov.ro platform (which becomes the sole interface for employing foreign nationals as of 8 August 2026), bilingual employment contracts, financial guarantees, and enhanced obligations regarding the integration and protection of foreign workers. 💡 While the stated objective is to combat exploitation and strengthen oversight, the practical effect may be higher compliance costs, longer hiring timelines, and reduced flexibility — at a time when Romania is already facing a significant labour shortage. 👉 Read the full analysis by Lidia Zarnescu, Counsel, and Rena Saftencu, Senior Associate, here: https://lnkd.in/diksBbXA #ExceptionalTogether #InTheKnow #LabourLaw #Employment #ForeignWorkers #Immigration #HRCompliance #WorkforceMobility

Croatia takes a significant step toward improving investment certainty in the energy sector ⚡ The Croatian Energy Regulatory Agency has adopted a new Decision on Unit Charges for Connection to the Electricity Grid, effective 1 May 2026. After years of uncertainty in the renewables market, the new framework introduces capacity-based connection charges applied nationwide, replacing the previous model based on actual costs and location. This change brings greater transparency and predictability for investors—key factors for unlocking stalled renewable energy projects. A noteworthy development for anyone active in Croatia’s energy and infrastructure space. Read more in the article below or on our website, written by Marija Vuchetich (Counsel) and Kristina Marinov (Senior Associate): https://lnkd.in/dXJSmWKg #ExceptionalTogether #InTheKnow #Energy #Renewables #Croatia #Regulation #GridConnection #EnergyRegulation

✨ We are proud to announce a new round of promotions in our #Zagreb office, recognising lawyers whose outstanding contributions continue to make a meaningful impact on our clients and the firm. These promotions reflect our ongoing commitment to excellence, professional growth, and strengthening our expertise in the local market. Congratulations to: • Matea Sekur on her promotion to Managing Associate; • Jakov Hadzija on his promotion to Senior Associate; • Anamarija Jukić, Dora Dabac, and Zdeslav Dalić on their promotions to Associate. We look forward to their continued success and contributions in the years ahead. 🙌 #ExceptionalTogether #InTheKnow #KinstellarZagreb #CareerGrowth #LegalExcellence #Promotions #TeamKinstellar #Croatia

🇮🇹 We are pleased to announce that Daniele Iacona has joined the firm as Head of the Italian Desk. 🌍 Based in Bucharest, Daniele will lead the development of our Italian Desk, supporting Italian clients and investors across Central and Eastern Europe. He brings over 20 years of experience in the region, having lived and worked primarily in Romania, with secondments in Bulgaria, Czech Republic and Türkiye, as well as international experience in Australia, Brazil and Spain. A dual-qualified lawyer admitted to the Bar in both Italy and Romania, Daniele focuses on Corporate/M&A and Energy, with relevant experience in international arbitration. He advises Italian investors on cross-border investments and supports companies throughout their full business life cycle. 🤝 Daniele is also an active member of the Italian business community and works closely with Italian institutions and organisations. His appointment further strengthens our capabilities in serving Italian businesses, at a time when Italy continues to rank among the leading investor countries in CEE. Daniele will play a key role in strengthening relationships with Italian clients and referral law firms, working closely with our regional teams to deliver seamless, business-focused legal support. We are excited to welcome Daniele and look forward to the value he will bring to our clients and our firm. 🔗 https://lnkd.in/dnSVUBGz #ExceptionalTogether #Welcome #Italy #CEE #ItalianDesk #TeamGrowth