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Deals April 2022

Kinstellar advises CPM International Telebusiness on the establishment of its new contact centre in Bratislava

Kinstellar’s Bratislava office has recently advised CPM International Telebusiness, an award-winning provider of omnichannel customer experience and sales solutions, on the establishment of a new service centre in Slovakia. CPM International is part of CPM Group and a member of the Omnicom Group network of companies with a number of EMEA hubs including Barcelona (Spain) and Bratislava (Slovakia) and multiple contact centres in the United Kingdom supporting the UK & Irish markets. Its international employee base provides 24-7 global coverage in 26+ languages via phone, email, social, chat and self-serve channels for some of the world’s most well-known brands including Harley-Davidson, Pepe Jeans, New Balance, Withings

News April 2022

Kinstellar partners Csilla Andrékó, Diana Dimova, Nina Tsifudina named among IFLR1000 Women Leaders in 2022

Kinstellar is delighted to announce that Csilla Andrékó (Partner in the Budapest office, and head of the firm-wide Banking & Finance service), Diana Dimova (Managing Partner of the Sofia office), and Nina Tsifudina (Partner in the Sofia office) have been recognised among the most prominent women lawyers across the world by the prestigious IFLR1000 “Women Leaders” 2022 ranking. Csilla, Diana and Nina were selected for their outstanding reputations within their markets, impressive track records working on complex deals, the quality of their advice and service, and their leadership roles with their practices. It is the third consecutive year for Diana, the fifth for Csilla, and the first that Nina has received this

Insights March 2022

Managing employment relations during martial law

On 14 March 2022, the Ukrainian Parliament adopted the Law of Ukraine “On the Organization of Employment Relations During Martial Law”, which defines the specifics of employment relations during martial law. The Law comes into force on 24 March 2022. We prepared a brief overview of some key legislative changes applied to employment relations with employees of all enterprises, institutions and organisations, irrespective of their form of ownership, type of activity or industry sector, as well as to persons working under employment agreements with individuals.   Downlo ad in English: Download in Ukrainian:

Insights December 2021

Czech Republic: Czech Government extends “Antivirus” programme offering employer financial aid

The Government of the Czech Republic has extended its “Antivirus” programme, offering employment protections for businesses affected by the ongoing Covid-19 pandemic. Antivirus provides a partial reimbursement of employee remuneration costs incurred as result of an inability to allocate work due to certain so-called barriers on the part of the employer or the employee. On 29 November 2021, the Czech government extended both Antivirus programme regimes (A and B) until 28 February 2022. Regime A had previously been set to expire by the end of 2021, while Regime B expired on 31 May 2021. Regime A assists employers whose employees have been ordered into quarantine or isolation due to a positive Covid-19 status.

Deals November 2021

Kinstellar advises Vista on acquisition of Crello and Depositphotos

Kinstellar’s Kyiv office has successfully represented Vista, a Cimpress company (Nasdaq: CMPR), the world leader in mass customization, on its acquisition of the online graphic design editor Crello and a stock photo marketplace Depositphotos for a total price of USD 85 million. The acquisition includes Crello, a rapidly-growing, global leader in do-it-yourself (DIY) digital design. Crello, now rebranded under Vista as VistaCreate, offers a platform that makes it easy for small businesses to enhance their social media and digital design, no matter their design experience. As part of the acquisition, Vista has also acquired Depositphotos, a stock content marketplace with more than 200 million royalty-free images

Insights October 2021

Romanian Employment Updates - October 2021

Romanian Employment Updates – October 2021 1. Amendments to the Romanian Labour Code Government Emergency Ordinance no. 117/2021 introduces several amendments and supplements to Law No 53/2003 – the Romanian Labour Code: Undeclared work in connection with a part-time individual employment agreement refers now to the non-observance of the working duration[1] provided in such agreement, apart from exceptional cases when part-time employees perform overtime (e.g., in case of force majeure). This undeclared work is sanctioned with an administrative fine from RON 10,000–RON 15,000 (approx. EUR 2,000–EUR 3,000) per employee, without exceeding the cumulative amount of RON 200,000 (approx. EUR 40,000).

News September 2021

Avison Young, Kinstellar, CBEX and the Embassy of Canada to Romania host an event on the returning to work legal concerns and trends

We are pleased to invite you to a hybrid event that will focus on the ardent topic of returning to work. The speakers will tackle the subjects: the legal aspects of today’s new working styles and the trends in optimizing the employee experience. Back to the Office: Legal and Workplace Trends in Rethinking the Tenant Experience Date: Tuesday, 5 October 2021Time: 3.30 pm Bucharest timeWhere: Marmorosch Hotel & Online Registration For registration please emailmentioning the way you would like to participate at the event (physical attendance/online attendance). Please note the number of seats at the venue is limited. Why you should attend This

Insights July 2021

Romanian Employment Updates – New obligation for employers; more flexibility for using electronic signatures; paid day off for Covid-19 vaccination

A new obligation is established for employers via the template employment agreement. Order no. 585/2021[1] introduces two changes to the template employment agreement: the template employment agreement is now aligned to Government Emergency Ordinance no. 37/2021; thus, the template now expressly provides that job descriptions are not mandatory for companies with less than nine employees (a brief description of the activity is sufficient); the template employment agreement also introduces a new obligation for employers to inform their employees of the obligation to join a privately managed pension fund, with reference to the provisions of Art. 30 of Law no 411/2004 on privately managed pension funds.

Insights June 2021

Slovakia: Subsidy for shortened work paid by the state

On 4 May 2021 the Slovak parliament adopted Act No. 215/2021 on compensation for shortened work, widely known as Kurzarbeit (the “Act”). The Act aims to ensure that the state will partially compensate employer costs for employee wage compensation during periods of shortened work caused by external factors (the “Subsidy”). The Act will become effective as of 1 January 2022, as employers may currently still apply for Covid-19 pandemic aid under the current temporary aid scheme until the end of 2021. Further details of the Act are specified below. Main conditions The employer's activities are limited due to an external factor, such that the employer cannot assign work (known under the Slovak Labour

Insights May 2021

Digitalisation and increased flexibility on Romania’s labour market

It is a well-known fact that the Romanian labour legal framework is seen as rather rigid, implying often procedures deemed as formalistic and slightly cumbersome. The Covid-19 context and the need to perform work remotely exposed the practical impediments triggered by the current legal framework on a larger scale. Following several months of debate, and given the recurrent question of whether employment documentation can be signed electronically, the Romanian government has finally adopted two enactments—not only for the purpose of digitalising the labour market, but also for providing more flexibility for micro-enterprises. In a nutshell, Government Emergency Ordinance no. 36/2021 (“GEO 36/2021”) aims

Insights April 2021

News on Kurzarbeit in Romania

New amendments in Romania to the Government Emergency Ordinance No. 132/2020 regulating support measures for employees and employers due to Covid-19 (“GEO no. 132/2020”) will enter into force on 8 April 2021. Legislative changes brought by the new amendments include the following: In the event of a temporary decrease of activity caused by a state of emergency/alert/siege, employers can reduce the working time of the employees by up to 80% of the daily / weekly / monthly duration provided in the individual employment agreement. The current version of GEO no. 132/2020 provides a maximum reduction of up to 50% of the working time. Where there are trade unions / employees’

News April 2021

Kinstellar announces new promotions to Partner and Counsel

Kinstellar is delighted to announce the promotions to Partner of Balázs Sepsey (Budapest), and to Counsel of Tomáš Melišek (Bratislava), Alexandru Mocănescu (Bucharest) and Nina Tsifudina (Sofia). PARTNER Balázs Sepsey, Budapest Balázs has over 17 years of experience advising Hungarian and international companies on a wide range of energy-sector matters, including energy-related M&A deals, power plant development projects, long-term supply agreements, EPC contracts and EU energy regulatory work. His expertise extends to energy infrastructure projects, mid- and long-term power purchase and gas supply agreements, energy project agreements, petrochemical revamp and development projects, and