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The European Accessibility Act: Compliance or consequences? Is your business prepared?
The European Accessibility Act (Directive (EU) 2019/882) (“EAA”) represents a significant shift in the regulatory landscape for private sector businesses across the European Union. Introduced to harmonise accessibility requirements for key products and services, the EAA is designed to improve access for persons with disabilities and foster a more inclusive internal market. With its full application date set for 28 June 2025, business entities that have not yet assessed their compliance posture face growing legal, operational, and reputational risks. The EAA expands beyond earlier public sector-focused legislation and applies to a wide range of industries—from tech to banking, telecoms, and e-commerce—making timely
Kinstellar, together with Greenberg Traurig Poland, advises on the Romanian, Czech and Hungarian legal aspects of a PLN 3.66 billion financing for CCC
Kinstellar, together with Greenberg Traurig Poland as lead counsel, is pleased to announce that it has advised again its long-standing client, CCC, the leading Polish-based footwear manufacturer and retailer with a network of over 1,000 stores across 29 countries, on the Romanian, Czech and Hungarian legal aspects of the recent financing increase. The financing, with a total value of PLN 3.66 billion (approximately EUR 850 million), was provided by a consortium of lenders including mBank, the European Bank for Reconstruction and Development, Bank Pekao, BNP Paribas Bank Polska, PKO Bank Polski, Santander Bank Polska, and Bank Handlowy w Warszawie, alongside the factoring entities Santander Factoring, mFaktoring, PKO Faktoring
The tariff war has crossed over to the film industry – what now?
The recent announcement by U.S. President Donald Trump authorising the U.S. Department of Commerce, and the U.S. Trade Representative to immediately begin the process of instituting a 100% tariff on any and all movies produced outside the United States has the potential to shake the global film industry to its core. It is almost reminiscent of a war movie, where a U.S. soldier—a paratrooper—misses the planned landing zone and falls into unknown territory. While the newly announced tariff appears to be part of its broader strategy to revive domestic production and the implications could be far-reaching, the actual details of the tariff in question are not yet known. Trump’s decision could have a major impact on
Update on the implementation of CS3D and CSRD, and related local legislative developments in Bulgaria, Croatia, the Czech Republic, Hungary, Romania, and Slovakia
Despite the 6 July 2024 transposition deadline for the full implementation of the Corporate Sustainability Reporting Directive (CSRD), several jurisdictions – including the Czech Republic and Romania – remain subject to infringement proceedings initiated by the European Commission in September 2024 for failing to fully communicate their national measures. It remains unclear how this infringement process will proceed, particularly in light of the postponement of the second wave of the reporting obligation, as approved under the so-called “stop-the-clock” directive incorporated into the Omnibus I package. At the same time, and also as a consequence of the “stop-the-clock” directive – which postponed the
Kinstellar announces new Partner promotions
Kinstellar is delighted to announce the promotion to Partner of Magdalena Raducanu (Romania), Jan Lehký (Czech Republic), and Kuanysh Shekerbekov (Kazakhstan). Magdalena Raducanu is based in our Bucharest office and leads the Romanian Banking & Finance Service Line. She also serves as the co-head of the firm-wide Banking & Finance Service Line. Magdalena has more than 20 years of experience in all aspects of banking and financing, including project, real estate, and corporate finance as well as financial regulatory matters. Recently, she has dedicated significant efforts assisting banks on various ESG-related mandates. Magdalena joined Kinstellar in 2021 from the Bucharest office of Dentons. Since joining
Kinstellar advised Veolia on the acquisition of a stake in Veolia Energie ČR from ČEZ
Kinstellar has successfully advised Veolia on the acquisition of an additional 15% stake in Veolia Energie ČR from ČEZ, increasing its shareholding to more than 98%. This transaction marks a significant milestone in Veolia’s long-term collaboration with ČEZ and further strengthens its position in the Czech energy market. Kinstellar provided comprehensive legal support throughout the transaction, including due diligence, negotiation of transaction documents, and regulatory aspects. The deal aligns with Veolia’s GreenUp strategy, focusing on the transition to cleaner, local, and decarbonised energy sources. The Kinstellar team was led by Kamil Blažek (Partner) and included Michal Forýtek (Counsel), Matěj
Navigating the legal landscape: The implementation status of MiCA
As the cryptocurrency market continues to captivate investors worldwide, understanding the regulatory landscape becomes more crucial than ever. In this respect the Markets in Crypto Assets Regulation (the MiCA) is a ground-breaking initiative by the European Union (the EU) aimed at establishing a robust framework for digital asset markets. With MiCA application having taken effect on 30 December 2024, EU member states are now in the process of aligning their national legislation with the new rules and addressing the practical challenges of implementation.Click on the image below or use the following link to read our overview in English. For more
Digital Finance Act: A new era for crypto-assets in the Czech Republic
On 15 February 2025, Czech Act No. 31/2025 Coll., on the implementation of European Union regulations in the area of financial market digitisation (the Digital Finance Act), came into force. This legislation serves as an adaptation act to the EU MiCA Regulation and introduces significant changes to the regulation of crypto-assets and financial markets. Czech National Bank to supervise crypto-asset market Under the Digital Finance Act, the Czech National Bank has been designated as the competent authority for crypto-assets. The Czech National Bank is now responsible for receiving notifications and applications under the MiCA Regulation and exercising supervisory powers over crypto-asset service providers (CASPs)
Status of CSRD transposition in Central and Eastern Europe and its legal implications
Kinstellar hosted a special webinar event on 11 February 2025, focusing on the latest status of transposition of the Corporate Sustainability Reporting Directive (CSRD) in Central and Eastern Europe as well as some other legal and regulatory updates relevant to ESG in EU neighbouring countries. The webinar provided valuable insights into the crucial legal factors in preparing for CSRD reporting and a comprehensive understanding of key ESG rules being rolled out in the CEE and beyond. Topics covered: Status of CSRD transposition in Bulgaria, Croatia, Czech Republic, Hungary, Romania and Slovakia Legal considerations of CSRD reporting Other ESG regulatory updates in Serbia, Turkey and
Kinstellar advises BHM Group on the acquisition of Prague Port Group
Kinstellar provided legal advice to BHM Group on the acquisition of a majority stake in Prague Port Group. The transaction, which included the purchase of a stake from the second shareholder, strengthened BHM Group's position in the market and facilitated the consolidation of the ownership structure of this key company operating aparthotels and hotels in central Prague. Kinstellar’s team provided comprehensive legal support throughout the transaction, including assistance with legal due diligence, negotiation of transaction documentation, and advice on financing secured through J&T Bank. The Kinstellar team was led by Jan Juroška (Managing Partner) and Matěj Večeřa (Managing Associate), with the support
Online conference “Changes to legislation in the Czech Republic in 2025” (Změny v legislativě 2025)
On 15 January, Kinstellar’s Prague office hosted an engaging online conference titled "Changes to Legislation in the Czech Republic in 2025". This event was specifically tailored for senior management, partners, and representatives of regional organizations. Highlights of the Conference The conference aimed to equip our clients and partners with an in-depth understanding of the latest laws, regulations, and directives that impact their daily operations. Our legal experts delved into the key changes to Czech and European law effective in 2025, offering practical insights on their implications for businesses. In addition, we examined significant recent rulings by the Czech Constitutional Court, highlighting
Kinstellar advises Genesis Growth on strategic stake in LLP Group
Kinstellar has successfully advised Genesis Growth Equity Fund I on the acquisition of a majority stake in LLP Group, a prominent business software consultancy specialising in financial and enterprise asset management solutions. Kinstellar provided legal counsel to Genesis Growth in this transaction, ensuring comprehensive guidance throughout the acquisition process. The deal marks a strategic investment aimed at accelerating LLP Group’s growth and expanding its offerings globally. LLP’s founders and shareholders will retain a minority stake, with a leadership transition appointing Tim Smulders as CEO. The advisory team was led by Kinstellar’s experts, supported by Brouxel & Rabia, with Grant Thornton