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Helping Hands for Ukraine: Our recent pro bono activities
At Kinstellar, ‘corporate responsibility’ is not an empty slogan. Helping those in need and playing important roles in our communities have always been a crucial part of our firm culture. Since the outbreak of the war in Ukraine, we have never felt stronger and more united inside the firm. Extraordinary times in Ukraine have been met with an exceptional response from our people, who continue doing their best to provide humanitarian aid, support various charities and NGOs, and provide pro bono legal assistance to those affected by the war. Here we are sharing a brief report of our recent pro bono activities, to be followed by a series of short videos with our people working to support Ukraine. We thank all of our amazing
Data Privacy Concerns in the Metaverse. May the privacy be with us!
All of us have concerns regarding data privacy in the metaverse. Countless questions come to mind, such as: What is the metaverse? Can a digital personality be considered as personal data? What happens if digital data is processed? In this short article we touch on the metaverse’s main data privacy concerns. What is the metaverse? The metaverse is a virtual world that relies on multiple technologies such as virtual reality, blockchain, artificial intelligence, etc. There is no longer just one world like the real world anymore. A new virtual-world era has begun with the advent of different metaverses such as Horizon, Decentraland, Sandbox, and Upland, and it appears that their number will continue to increase.
The regulation and management of Personal Data Breaches
The most fundamental factor in the successful protection of personal data is data security. Without an adequate level of data security, it is impossible to create the conditions under which the processing of personal data can be carried out responsibly. One of the most important provisions of the European General Data Protection Regulation (2016/679/EU – abbreviated as GDPR) is the requirement that the data controller and the data processor ensure a level of data security that is proportional to the level of risk involved. And the reason for this is simple: preventing a personal data breach. A personal data breach is the most dangerous situation from a data protection point of view, as not only does it presuppose an infringement
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
Kinstellar wins three “Deals of the Year” at CEE Legal Matters Awards
Kinstellar is honoured to have received three “Deal of the Year” awards at the 2021 CEE Legal Matters Deal of the Year Awards. CEE Legal Matters has recognised the outstanding work of our teams advising on: ⭐ Bulgaria: KBC Bank’s acquisition of Raiffeisenbank Bulgaria.⭐ Hungary: MVM Energia’s acquisition of companies and assets from E.ON Hungary.⭐ Montenegro: 4iG’s acquisit ion of Telenor Montenegro (a transaction coordinated by our Budapest and Belgrade teams with local counsel in Montenegro).Kinstellar was also shortlisted for advising on:⭐ Bulgaria: DZI-Life Insurance’s acquisition of NN Group’s Bulgarian pension and life insurance businesses.⭐ Turkey: Trendyol financing, creating
Public statement on Kinstellar's policy to work for ‘Russian clients’
29 March 2022 – We remain shocked by and deeply condemn the Russian military aggression in Ukraine and the resulting war and human suffering. One of our largest offices is in Kyiv and our thoughts are with our colleagues, their families, and the Ukrainian people. We continue standing with the people of Ukraine and are united with those in governments and the business community calling for an immediate cessation of the acts of war, a withdrawal of Russian forces from Ukraine and the restoration of peace with no further delay. We support the efforts for peace through international sanctions and informal boycotts to bring pressure to bear on the Russian authorities to cease the aggression and stop the war in Ukraine. We ensure
Open Banking in Europe in Light of PSD2 Review
Open banking is changing the way people use banking services in the modern world. Europe prides itself on being the cradle of the open banking revolution, with the EU’s Payment Services Directive[1] (PSD2) being one of the first regulatory initiatives to open up bank-held account data. PSD2 has been in force now for more than four years and has already reshaped the European payments sector. The ongoing review of PSD2 brings an opportunity to assess the current status of open banking in Europe as well as the impact of the directive on the sector. Open banking is the practice of enabling secure interoperability in the banking industry by allowing third-party providers (TPPs) to access payment transactions and other data
Update of current eHealth trends in CEE and Turkey
As previously reported, eHealth (including telemedicine) has been one of the fastest growing areas within the healthcare sector over the last two years. Governments as well as healthcare sector operators across Central and Eastern Europe and Turkey continue to implement new solutions with a view to improving the provision of healthcare services and to enhance the digitalization of healthcare systems. Private healthcare providers and the various newly created eHealth providers and start-ups are crucial in pushing development in this highly dynamic area. Innovative solutions include online consultations and health examinations, the possibility of remote patient health data monitoring as well as electronic drug prescriptions.
Kinstellar expands to Croatia by teaming up with and integrating Žurić i Partneri (ZiP) law firm
Kinstellar is delighted to announce that it has entered into a cooperation and association agreement with Žurić i Partneri (ZiP) law firm in Croatia. ZiP is now a fully integrated office of Kinstellar.The expansion to Zagreb is part of our strategy to provide full-service coverage across all of Emerging Europe. By joining forces, we broaden our offering in the western Balkans and leverage the resources and expertise of our firm to deliver exceptional client service. We believe that the new office gives us a strong, integrated and profitable operation creating significant synergies with our existing business. A presence in the Croatian market complements our core strengths and broadens our appeal to clients seeking
Kinstellar appoints new Heads of Data & Cybersecurity, IP&T and Telecoms service lines
Kinstellar is delighted to announce the new Service Heads leading our TMT-related service lines: Lukáš Mrázik, Dániel Endre Nagy and Peter Kováč for Data & Cybersecurity; Natalia Kirichenko for IP&T; Anastasiya Bolkhovitinova and Radoslav Chemshirov for Telecommunications. In their new roles as Service Heads they will work with the firm-wide TMT sector team and other sectors to expand and bring a new dimension to our current capabilities across these areas. They will be the first points of contact for incoming client requests and will engage the right lawyers from our team best suited to work on transactions for our clients. Viliam Myšička, head of Kinstellar’s
Overview of 5G auctions in Kinstellar jurisdictions
The introduction of 5G networks has opened a wide range of new possibilities in a variety of sectors (including manufacturing, health, energy, automotive, media and entertainment). 5G implementation remains a hot topic. Please click here for an updated overview of 5G auctions in Kinstellar jurisdictions. Most notably, the following changes have occurred throughout 2021: Romania: The regulator ANCOM has initiated the procedure to award 5G frequencies with initial bids to be submitted by Monday 15 November 2021; Bulgaria: In April 2021, 5G frequencies in 3.5-3.8 GHz band were auctioned off; 5G auctions in Serbia, Ukraine and Turkey are expected to be held in the course of 2022; Commercial
Colliers, in cooperation with Kinstellar and Greenberg Traurig, publishes a report entitled 'The Private Rental Sector: Has it found a home in CEE?'
June 30 – The PRS market in the CEE region gathers pace and interest from investors but the majority of activity is currently centred around the Czech Republic and Poland. However, there is a larger number of PRS/BTR projects being announced in the pipeline for delivery over the next few years across the entire region. Residential volumes across the CEE region have been limited and averaged out annually at just over €200 million in the past 5 years. The balance between private, owner-occupied dwellings and those that are for rent in CEE lean towards ownership according to “The Private Rental Sector: Has it found a home in CEE?” just launched by Colliers in collaboration with Kinstellar and Greenberg Traurig. From the stock