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Kinstellar advises Gránit Asset Management on landmark acquisition of 8 retail parks and 4 standalone stores in Hungary
Kinstellar has successfully advised Gránit Asset Management on the acquisition of a high-value retail portfolio comprising 8 retail parks and 4 standalone stores across Hungary from Revetas Capital, an international real estate investment company. The portfolio includes eight retail parks and four single-tenant retail properties located in major regional cities, including Sopron, Mosonmagyaróvár, Miskolc, Debrecen, Zalaegerszeg, Siófok, Dunaújváros, Nagykanizsa, Marcali, Tolna, Szekszárd and Szentlőrinc. The assets comprise approximately 45,000 sqm of gross leasable area and are nearly fully leased to a strong tenant mix including C&A, Deichmann, Intersport, Libri, McDonald’s, and Müller. Gránit Asset
Kinstellar advises shareholders of ROFA Industrial Automation on the sale of ROFA Group to SPIE
Kinstellar is advising the shareholders of ROFA Industrial Automation on the sale of the German ROFA Group to the listed French SPIE Group. ROFA Industrial Automation (ROFA), headquartered in Bavaria, is a leading provider of automation technology, intralogistics solutions, and special‑purpose machinery with operations in China, Austria, Hungary, Romania, the Netherlands, Poland, and the United States. ROFA’s portfolio covers the full project lifecycle, from consulting and software/hardware engineering to manufacturing, commissioning, and after-sales services. By acquiring ROFA, SPIE aims to strengthen its strategic position in the German industrial services market. The transaction remains subject to antitrust
Europe recalibrates: AI copyright and GDPR scope under pressure
Two parallel developments suggest that Europe is drawing clearer boundaries around both AI ownership and data protection. One comes from the Council and the other from a German court, and both signal a more cautious approach toward redefining legal fundamentals in the name of innovation or administrative simplification. 1. Digital omnibus leak: Member States cut the core of the proposed GDPR reform A leaked Council compromise draft removes entirely the proposed redefinition of “personal data” under the GDPR, and that alone underscores how controversial the Digital Omnibus has become. What happened? In November 2025, the European Commission launched the Digital Omnibus, with one of its central ambitions
Kinstellar advises CSG on its strategic acquisition in RÁBA
Kinstellar has successfully advised Czechoslovak Group (CSG), one of Europe’s largest defence industry groups, in connection with its indirect minority acquisition in RÁBA Járműipari Holding (RÁBA), a company listed on the Budapest Stock Exchange and majority-owned by 4iG Space and Defence Technologies (4iG S&D). Through the transaction CSG has obtained a shareholding of approximately 37% in RÁBA, with 4iG S&D retaining control. The investment is part of a broader strategic cooperation framework between RÁBA, Tatra Trucks, and CSG Defence, focused on long-term industrial collaboration, including manufacturing and integration activities. The matter involved above-average complexity due to RÁBA’s status
Understanding the legal landscape of private credits
Private credit has become one of the fastest‑growing segments of modern finance, offering flexible alternatives to traditional lending. Our cross‑border overview brings together the key legal questions that arise across 12 jurisdictions, helping investors, lenders, and borrowers navigate an increasingly complex regulatory environment. This guide highlights the most important considerations—including licensing, security, financial assistance, tax aspects, and insolvency implications—to support more informed decision‑making in private credit transactions throughout Emerging Europe and Central Asia. Partner Tomáš Melišek drove the preparation of the material with the support of local teams of legal experts
Europe’s AI rulebook is taking shape, but the technology is not waiting
Artificial intelligence is entering a decisive phase in Europe. Despite the EU’s ambitious AI Act framework, key guidance remains pending while enforcement scrutiny intensifies and AI adoption accelerates. 1. EU AI Act: a strict framework struggling to keep pace While Europe’s ambition to regulate AI is unquestioned, recent developments signal that the legal framework is struggling to keep pace with both the rapid evolution of the technology and its own aspirations. 1.1. Missed Guidance and Growing Uncertainty The European Commission missed a key deadline on 2 February, when it failed to publish a comprehensive list of use cases to help businesses distinguish between high-risk and non-high-risk
Digital Product Passports: The regulatory shift fashion brands need to plan for
Fashion and luxury brands selling into the EU should prepare for a regulatory shift that will directly affect how products are documented, traced and placed on the market. Regulatory work is now intensifying on implementing measures, including the rollout of Digital Product Passports (DPPs). DPPs are becoming a central instrument in the EU’s strategy to advance circularity, transparency and sustainability. For the fashion industry, DPPs represent not only a compliance obligation, but a shift in how product data and supply chains are managed. DPPs as a new regulatory standard A Digital Product Passport will function as a product’s digital identity, containing information on origin, material composition
Kinstellar advises Wizz Air on the acquisition of its headquarters in Budapest
Kinstellar has advised Wizz Air on the acquisition of Millennium Tower I, the office building that serves as the airline’s headquarters in Budapest, from CA Immo. The transaction represents a significant strategic milestone for Wizz Air, securing long-term ownership of the premises that serve as its headquarters. Kinstellar has supported Wizz Air throughout the entire lifecycle of its presence in the building, having previously advised on the original lease of the office space and now on its strategic acquisition. Kinstellar’s mandate covered the full scope of the transaction, including comprehensive legal due diligence, as well as the negotiation and preparation of the acquisition documentation, ensuring
EU Pay Transparency Directive: CEE transposition status
The EU Pay Transparency Directive marks a significant shift in how organisations approach pay equity and transparency. Its core objective is to strengthen the principle of equal pay for equal work and work of equal value. EU Member States must transpose the Directive into national law by 7 June 2026, which means the clock is ticking for employers to prepare. Our Employment & Labour Law team prepared an overview summarising the transposition status of the Directive in the CEE as of January 2026. Click on the image below or use this link to read our overview in English.
Navigating the MiCA landscape: Considerations for forum shopping in CEE and beyond
As the European financial market undergoes a major digital transformation, the implementation of the Markets in Crypto-Assets Regulation (MiCA) stands out as a defining milestone. By introducing a harmonised legal framework, the EU is transforming from a frag mented regulatory landscape into the world’s largest single market for regulated digital assets. For crypto-asset service providers (CASPs) and institutional investors, this shift offers a “single passport”, legitimising the industry and enabling growth. Yet the practical application of these rules varies across Member States, influenced by differences in administrative capacity, supervisory culture, and national legal traditions. Choosing a “home” jurisdiction
AI automation: The buzzword behind the layoff waive?
Layoffs have reached historic highs this year, and the AI arms race could be partly to blame. In the United States, over one million jobs were cut between January and October, up 65% from the same period in 2024, according to a report by outplacement specialists Challenger, Gray & Christmas. From Amazon and UPS to Microsoft and Meta, a growing number of companies are restructuring their workforce as they adopt AI at scale. These decisions raise a broader question: how far and how fast can companies go when replacing human work with artificial intelligence? While automation at scale is not a one-size-fits-all solution, the hard truth is that the skills and jobs needed in the future of work are still largely unknown. As
Kinstellar advises on local aspects of Unilever’s demerger of The Magnum Ice Cream Company in preparation for its listings on the Amsterdam, London, and New York Stock Exchanges
Kinstellar, in collaboration with Linklaters, has advised Unilever and The Magnum Ice Cream Company (TMICC) on the local legal and regulatory aspects of the formation of TMICC, its separation and demerger from Unilever, and its subsequent listings on the Amsterdam, London, and New York stock exchanges. This transaction represents one of the largest and most complex global carve-outs in recent years. It follows Kinstellar’s previous involvement, alongside Linklaters, in Unilever's other major global carve-out, the US$7bn sale of its global spreads business to KKR. Kinstellar’s team provided comprehensive support throughout the entire project, from initial planning to execution, including the legal and operational