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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).
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
Kinstellar advises on Central Asia’s largest healthcare PPP project
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
Update on the ESG reporting obligations in Bulgaria, Croatia, the Czech Republic, Hungary, Romania and Slovakia
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.
Upozornění společnosti zúčastněné na přeměně
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
Understanding Hungary’s Guarantee of Origin: A new era for renewable gas
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 advises Ardian on the Romanian side of the transaction for the acquisition of a majority interest in Vista Vision
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
Important notice to our valued Clients: Beware of impersonation emails
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
Kinstellar advises Orbico on strategic acquisition in Ukraine
Kinstellar has acted as Ukrainian legal counsel to Orbico Group on the acquisition of a controlling stake in SAV 92, a leading Ukrainian distributor of branded international and Ukrainian food and non-food products. This multi-stage transaction marks a significant step in Orbico's strategic expansion into the Ukrainian market. Orbico Group is a leading distributor of a large number of globally known brands ranging from beauty care to motor oil products. Orbico cooperates with more than 180 suppliers, manages more than 500 global and local brands, and supplies to more than 59,000 customers. Kinstellar’s advice included due diligence, securing unconditional merger control clearances for a gradual transfer of control
The legal effects of electronic signatures from the perspective of Law No. 214/2024 in Romania
On 8 October 2024, the Romanian law on the use of electronic signatures, timestamps and the provision of trust services based on these ("Electronic Signature Law") entered into force. The legislation introduces a new legal framework for electronic signatures, in close alignment with Regulation (EU) No. 910/2014 on electronic identification and trust services for electronic transactions in the internal market ("eIDAS Regulation"). Particularities of the legal effects depending on the type of electronic signature used: A. Qualified electronic signature – this is a signature created by a qualified electronic signature-creation device based on a qualified certificate for electronic signatures. While the Electronic
Ukraine advances toward introducing medical cannabis circulation
During September and early October, the Ukrainian government adopted secondary legislation to further the implementation of the so-called Cannabis Law. 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:
Kinstellar advises Wienerberger on the acquisition of Czech concrete paver manufacturer Betonárna Lesonice
Kinstellar has successfully advised Wienerberger on the acquisition of Betonárna Lesonice, a Czech manufacturer of concrete pavers. This strategic acquisition strengthens Wienerberger’s position in the construction and infrastructure sectors, addressing the growing demand for concrete paving and advanced sound insulation solutions in the Czech market. Kinstellar acted as legal counsel to Wienerberger, providing full-scope advisory throughout the transaction. The team was co-led by Barbara Kusak (Partner) and Michal Janíček (Counsel), with key support from Matěj Bolek (Senior Associate), Tereza Marek, Štěpán Gřešák, Matěj Korduliak (Associates), and Pavel Hrdý (Junior Associate). BDO provided financial