The National Assembly of the Republic of Serbia has on 20 April 2018 adopted amendments to the Foreign Exchange Operations Act (“FEXO”) in order to meet the requirements stemming from the Stabilization and Association Agreement (SAA) with the European Union. These provisions, now allow, amongst other things, for the free movement of capital related to portfolio investments and short-term finance loans and credits.
Nestor Nestor Diculescu Kingston Petersen has successfully represented the Municipality of Bucharest in a dispute involving ownership of the Mogosoaia Palace. After more than eight years of litigation, on May 22, 2018, according to NNDKP, the Court ruled that the Palace belongs the Municipality.
Former Sayenko Kharenko lawyer Mykyta Polatayko has moved to Aequo, where he will lead the firm’s IT industry group.
Konrad Werner has joined the Noerr Warsaw office as Co-Head of the Banking and Finance practice with incumbent Partner Ludomir Biedecki.
Paksoy has advised Sberbank of Russia on signing a share purchase agreement for the sale of Denizbank to the UAE banking group Emirates NBD Bank.
Although Moldova is not part of the European Union, the country strives to stay in-line with EU regulations, Andrei Caciurenco, Partner at ACI Partners says, so the GDPR is as hot a topic there as it is elsewhere.
Pohla & Hallmagi has advised the Norwegian hotel operator Citybox on its agreement with Estonian company Porto Franco OU to establish a Citybox hotel in Tallin. Cobalt advised Porto Franco on the deal.