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

News December 2024

Important notice to our Clients and Contacts: Beware of impersonation emails

6 December 2024 – It has come to our attention that some companies in our countries (most recently from Hungary, Romania and Slovakia) have received unauthorised fraudulent emails falsely claiming to originate from Kinstellar. This appears to be part of an illegal scam (fraudulent impersonation) campaign. We assure you that these fraudulent 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 sent from various

Insights December 2024

Overview of "gun-jumping" cases in Ukraine

The Antimonopoly Committee of Ukraine (AMC) is increasing enforcement efforts against so-called "gun-jumping" violations (i.e. a merger or acquisition executed without the prior approval of the AMC), demanding stricter scrutiny even for transactions with a perceived limited impact on the Ukrainian market. Between January 2022 and October 2024, the AMC imposed not only fines on companies that failed to obtain a prior clearance, but also on those that sought approvals after already closing their deals. To avoid penalties, companies must ensure they have secured AMC clearance before closing transactions, as even war-related challenges do not exempt firms from compliance requirements. Our Ukraine Competition &

Insights December 2024

Turkish Competition Authority adopts the much-anticipated Guidelines on Competition Infringements in Labour Markets

The Turkish Competition Authority ("TCA") announced on 3 December 2024 that the much-anticipated Guidelines on Competition Infringements in Labour Markets ("Guidelines") were been adopted by the Competition Board at its meeting on 21 November 2024. The TCA had previously prepared the draft version of the Guidelines ("Draft Guidelines") and submitted it for public comments via its announcement of 16 September 2024. The TCA has now finalised the Guidelines, also taking into account the comments received on the Draft Guidelines. In its announcement regarding the Draft Guidelines, the TCA stated that it aimed to set out the main principles on the following: the place

Deals December 2024

Kinstellar advises Mpac Group on a market-leading move involving a major acquisition in Romania

Kinstellar is proud to announce that it has advised Mpac Group, a leading UK-based company specializing in packaging automation, on the cross-border acquisition of the CSi Palletising group, a leading provider of end-of-line automation and palletising solutions. The EUR 56 million deal includes the indirect acquisition of two Romanian subsidiaries, CSI Romania and Alpha Las, and is aligned with Mpac Group's strategy to enhance its delivery of comprehensive automation solutions while integrating specialized manufacturing expertise into its global supply chain. Kinstellar's legal team delivered comprehensive support on all Romanian law aspects of the transaction, with Osborne Clarke acting as lead counsel. Kinstellar

Deals December 2024

Kinstellar advised UEG on closing the acquisition of a solar project in Bulgaria with a forecasted capacity of 250 MW

Kinstellar assisted United Energy Group (UEG)'s internal legal team to successfully complete the acquisition of Green Profit EOOD, a developer of a photovoltaic (PV) project under construction. The Simeonovgrad-Polyanovo PV project, located in southern Bulgaria, has a forecasted capacity of 250 MW. The acquisition, which was finalised on 15 November 2024, marks a significant expansion for UEG, a Hong Kong-based producer of traditional and renewable energy. The team that advised UEG throughout the completion of the project was led by Nina Tsifudina (Partner) and Atanas Mihaylov (Counsel) and included Mladen Minev (Counsel), Simeon Vachev and Nikolay Gergov (Senior Associates).

News December 2024

Sinan Diniz, a leading Turkish competition law expert, joins Kinstellar as Partner in Istanbul

Kinstellar is delighted to announce that Sinan Diniz, a highly regarded competition law expert, has joined our associated law firm in Turkey, KST Law, as a Partner. Sinan was previously the co-head of the Competition practice in Esin Attorney Partnership, a member firm of Baker McKenzie, where he managed one of the leading competition law practices in the country. Sinan has more than 10 years of competition law experience and assists clients with all aspects of Turkish competition law including merger control, antitrust investigations, exemption filings, and daily compliance queries. His expertise extends to administrative and private litigation, designing competition law compliance programs, and delivering bespoke

Insights November 2024

The National Bank of Ukraine introduced additional changes to currency restrictions

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

Deals November 2024

Kinstellar advises Eleven Ventures on its investment in Cloud Office

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).

News November 2024

Kinstellar and Strategy Council present the second UK – Ukraine Defence Tech Forum in London

 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

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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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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📢 🇷🇸 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐧𝐞𝐰𝐬 𝐟𝐨𝐫 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐢𝐧 #𝐒𝐞𝐫𝐛𝐢𝐚! 🗞️ The Ministry of Energy and Mining of the Republic of Serbia has recently announced a public call for participation in the second #renewable energy #auctions for awarding the right to a market premium. These auctions are a significant step toward enhancing Serbia’s renewable energy capacity. 📝 Key highlights of the auctions 👇: 🔸Eligible projects: #Wind power plants with an approved capacity of 3 MW and above and PV plants with an approved capacity of 500 kW and above. 🔸 Available quotas: Wind power plants: 300 MW; PV plants: 124.8 MW. 🔸 Maximum bidding prices: Wind power: 79 EUR/MWh; #PV plants: 72 EUR/MWh. 💡 Evaluation criteria: In addition to the bidding price, the percentage of plant capacity offered to the guaranteed supplier or final purchasers through a power purchase agreement will be considered when ranking participants and filling quotas. ❗ Application Deadline: 📅 5 February 2025. 📤 Applications can be submitted via the official portal: 🔗 oieaukcije.mre.gov.rs. 🤝 How can we help: Navigating the auctions process requires careful attention to regulatory compliance and strategic planning. If you are seeking insights or guidance, our Energy team is well-versed in Serbia’s renewable energy framework and is ready to assist where needed. 📩 Reach out to our partner Radovan Grbović, or connect with our core team: Sara Ostojić, Mario Kijanović and Vuk Vučković, LL. M. #intheknow #RenewableEnergy #Serbia #EnergyTransition #CleanEnergy #GreenEnergy #EnergyAuctions #MarketPremium #SustainableFuture #EnergyInvestments #ClimateAction #RenewableInvestments #EnergyInnovation #GlobalEnergy

We have organised an exclusive #TMT event on #AI and #Personal Data Regulations in our Budapest office, earlier this week. Our team was honored to host the president of the #Hungarian Data Protection Authority and industry experts from #META, #4IG and #IVSZ to discuss the intersection of #innovation and regulation in the area of data protection and AI.

🎥🎮 Czech Parliament Updates Incentives for Films, Games & VOD Exciting changes are here! The Czech Republic has reformed its incentives for movies and video games and introduced a new fee system for VOD providers. Petr Bratský and Anna Marciano explain what this means for the creative sector. 📖 Read more on the slides below #Kinstellar #LegalInsights #FilmIncentives #VideoGames #VOD #CzechRepublic

Legal Summit powered by Kinstellar! 🕹 We are thrilled to announce that Kinstellar is hosting the first-ever all-day legal summit dedicated to video #game law at the Game Developers Session international video gaming conference in Prague.    The Legal Summit is a unique event within the Game Developers Session, designed to bring representatives of the video game industry and legal experts from different countries together in one place to exchange experiences and insights on current legal and business developments within the constantly evolving video game sector.   The event is aimed primarily at game developers and publishers, investors in the game development sector, as well as lawyers from the video game industry.   What can we offer you?   Expert discussions on current legal and business trends (e.g., movie adaptations of video games, dark patterns and monetisation mechanics, AI, video game M&A, etc.). A diverse line-up of international and local speakers. Friendly networking.   🌟 We cordially invite attendees of the Game Developers Session to come and meet us on 13 December 2024 any time from 11.30–17:00 at the Prague Congress Centre in Prague (Summit Hall).   👇🏻 For more information: https://lnkd.in/dqVXAdAh   #Kinstellar #videogamelaw #intearctiveentertainment #gamedevczechrepublic hashtag#gamedev hashtag#gamedevelopmenthashtag#gdsprague  

📢 🇺🇦 Strengthened AMC enforcement against "gun-jumping" in #Ukraine 📑 The Antimonopoly Committee of Ukraine (#AMC) has intensified its crackdown on “gun-jumping” violations—mergers or acquisitions executed without prior AMC clearance—even amidst martial law challenges. During 2022 (Jan) - 2024 (Oct), the AMC imposed #fines ranging from EUR 2,000 to EUR 648,000, targeting diverse industries such as #energy, #pharmaceuticals, and #real estate. The introduction of a stricter fine calculation procedure in February 2024 has further heightened #compliance risks. 💡 Our Ukraine #Competition & State Aid team has compiled a comprehensive table detailing key #enforcement trends, spotlighting pivotal cases and significant penalties — an invaluable resource for navigating AMC #compliance. 🔗 For an overview, click the link — https://lnkd.in/eDDeQSGr 🗂️ To access the full table of cases, contact Olexander Martinenko or Yulia Eismont. 🇺🇦 The Ukrainian version is available here 👇 https://lnkd.in/e8KS8NuK #GunJumping #CompetitionLaw #UkraineCompliance #LegalUpdate #CompetitionandStateAid

In late November, #Bulgaria’s capital city was the hub of the Eastern European gaming industry as it hosted the ''15th Eastern European #Gaming Summit (EEGS)''. Georgi Kanev (head of the firm-wide Interactive Entertainment & Gaming sector) and Debora Dineva (Associate in Sofia) had the pleasure to take part in the panel discussions, covering the multifaceted topics of gambling advertising and e-sports.

📢 🇷🇸 We have recently hosted the ''Competition in the #CEE Region: Cross-Sector Perspectives Conference” in #Belgrade, an insightful and well-attended event, where we explored the latest trends in #competition, and #stateaid in #CEE, Western Balkans and Serbia 💼. 🔑 Key takeaways from our panel discussions: 🛒 Competition and the current trends in #FMCG: Rising food prices in Europe, including the EU and Western Balkans, are a major concern. Market players and competition authorities face challenges in identifying causes and potential antitrust issues. 💊 Competition law in life #sciences and #healthcare: #Pharmaceutical distribution models, such as direct-to-hospital (DTH) and direct-to-pharmacy (DTP), are under review. While some authorities approve these models, recommendations for adjustments continue. 🏦 Open banking: Competition and innovation in financial services: The panel discussed open banking, its regulatory frameworks in Serbia, the EU, and the UK, exploring ideas for making open banking more sustainable and successful in the future. 💡 Ensuring fair competition: State Aid and foreign subsidies: Serbia is progressing with harmonizing state aid rules with EU law, while the EU’s new Foreign Subsidies Regulation addresses distortions caused by foreign subsidies. ⚖️ Collective redress: Navigating competition law challenges: The CEE region faces challenges in implementing collective redress. Discussions focused on alternatives and the impact of individual vs. collective claims processing. 🙏 We thank our moderators: Olga Šipka, Special Counsel, Belgrade, Co-head of the firm-wide Competition & State Aid service line, Tomas Cihula, Partner, Prague, Co-head of the firm-wide Competition & State Aid service line, and Firm-wide Head of the Life Sciences & Healthcare sector, Petar Kojdic, Partner, Belgrade, Dušan Popović, Professor at the University of Belgrade Faculty of Law, and Branka Babović Vuksanović, Assistant Professor at the University of Belgrade, Faculty of Law. We are especially grateful to Vitaly Pruzhansky, Partner at RBB Economics, for partnering with us, to all the guest speakers who contributed to making this event a success and the attendees! 🙌 #intheknow #Kinstellar #CompetitionLaw #FMCG #LifeSciences #OpenBanking #StateAid #CollectiveRedress #LegalInsights #CEE #WesternBalkans

🇷🇸 Miloš Velimirović, #Belgrade Office Managing Partner, is featured in the SeeNews magazine! 📢 🎤 Milos highlights the background and strategic vision of our #Belgrade office, established in 2023, as well as of the Western #Balkans Hub, launched in 2024. This strategic initiative provides clients with a seamless gateway to the region’s interconnected legal landscapes, leveraging our strong foundation in #Serbia and #Croatia. 🗺️ Covering jurisdictions such as Serbia, Croatia, #Slovenia, #Bosnia and Herzegovina, #Montenegro, North #Macedonia, and beyond, our Western Balkans Hub aims to provide clients with a single point of contact for legal services across the region. 🌟 This innovative model delivers consistent, high-quality legal support across multiple markets, tailored to the unique needs of our clients’ sectors and business objective. 💬 ‘’The hub not only expands our footprint in the Western Balkans but also allows us to deepen relationships with trusted attorneys in regions where we do not have a direct presence, ensuring that the legal services provided are aligned in terms of quality and approach," Milos adds. 🔗 Read the whole article here 👉 https://lnkd.in/dWNWRVNd #exceptionaltogether #intheknow #Kinstellar #WesternBalkans #LegalInnovation #SEENews

Yesterday, we hosted an insightful workshop on Small Modular Reactors (SMRs), focusing on the critical regulatory frameworks shaping the future of energy in the Czech Republic and around the world. The event featured distinguished speakers - Director General (Nuclear Energy) Tomas Ehler of the Ministry of Industry and Trade, Nuclear Safety Section Director Stepan Kochanek of the State Office for Nuclear Safety, SMR Unit Director Silvana Jirotkova from ČEZ and Kamil Blazek, energy&infrastructure partner at Kinstellar.