“Tracking”, “Monitoring”, and “Profiling” in Recent Clearview AI cases

September 2023 In the past two years, most recently on May 10, 2023, when the Austrian Datenschutzbehörde issued its decision, supervisory authorities in several European countries declared the processing of personal data by the company Clearview AI to be contrary to the GDPR. To determine whether GDPR applied to the processing of personal data by a company based in the United States, the authorities had to interpret the concepts of “monitoring”, “tracking”, and “profiling”. This blog post explores how the recent Clearview decisions interpreted “monitoring”, “tracking”,…

BOYANOV & Co. Advised Tietoevry Oyj on the Acquisition of MentorMate LLC

July 2023 BOYANOV & Co. advised Tietoevry Oyj, a Finnish IT software and service company providing IT and product engineering services, on all Bulgarian legal aspects of the acquisition of MentorMate LLC, a digital engineering company headquartered in Minneapolis, USA, from Taylor Corporation. MentorMate provides advanced digital engineering services, human-centered design, and AI capabilities to its customers in North America and Europe. The local subsidiary MentorMate Bulgaria EOOD is one of the leading companies in the sector and a large employer having approx. 800 FTEs. Tietoevry leaders…

BOYANOV & Co. Advised Deluxe Corporation on the Successful Sale of its Subsidiary Hostopia Bulgaria

July 2023 BOYANOV & Co. acted as local counsel for Deluxe Corporation (NYSE: DLX) on the sale of the subsidiary Hostopia Bulgaria EOOD to HostPapa, Inc., a leading global web hosting and cloud service provider for small and medium businesses. The transaction was part of a global acquisition by HostPapa of Deluxe Corporation's web hosting and logo design businesses. The sale was successfully closed on 29 June 2023, after completing the various pre-closing steps and obtaining necessary clearances (press release is available here). The instrumental support of BOYANOV & Co. was highly appreciated…

DTB Advised Possehl on the Acquisition of Mono

June 2023  Possehl Group, the German industrial and technological giant, becomes a strategic partner of Mono, the largest IT company in Osijek, through the investment of Possehl Digital in a minority share in Mono. Hermann Schafer, Managing Director at Possehl Digital, expressed his profound enthusiasm about the respective strategic alliance stating: “… Together we want to take the digital transformation of medium-sized industrial companies in Germany and Europe to the next level. For us, Mono is one of the most exciting software development companies in the market, with great prospects…

NNDKP Assists CANCOM SE in the Acquisition of K-Businesscom-Group, with Operations in Romania

May 2023 Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted CANCOM SE, one of the leading integrated IT service providers in Germany, in the acquisition of K-Businesscom-Group and all its subsidiaries, Austria’s leading provider of IT&C solutions and services. The transaction will result in the creation of one of the largest IT corporations in the DACH region. The legal assistance provided by NNDKP consisted in conducting due diligence on K-Businesscom-Group’s subsidiary in Romania and its operations on the local market. NNDKP…

BOYANOV & Co. Assisted NOTE AB (publ) to Acquire a Modern Electronics Plant in Bulgaria

May 2023  “NOTE expands its manufacturing capacity through the acquisition of all shares in the Bulgarian electronics manufacturer ATM Electronics. Through the acquisition, NOTE gets its second plant in Eastern Europe. The plant in Bulgaria is expected to meet a rapidly growing need for cost-effective production close to customers in Europe.  NOTE is one of northern Europe’s leading EMS partners, producing PCBAs, subassemblies, and box-build products. NOTE’s offering covers the complete product lifecycle, from design to after-sales. NOTE has a presence in Sweden, Finland, the UK, Estonia,…

5G Network Development

January 2023 Investments in development of the 5G network in Croatia in the next few years are expected to bring more than USD $1.4 billion/EUR 1.3 billion value added to the country's economy. The annual net benefit from investments in 5G is estimated at 1.72% of GDP, according to a report on the effects of the development of the 5G network on the economy.
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SEE Legal Member Firms Advised Sandberg Capital on Its Investment in Quantox Technology

December 2022 Three SEE Legal member firms provided legal support to Sandberg Capital, a Slovak private equity firm, in its successful investment of EUR 20 million in the Serbian IT company Quantox Technology.  Sandberg focuses on investing in smaller and middle-sized companies with growth potential and Quantox is one of the largest software development companies in the Southeast Europe region. The transaction is Sandberg Capital’s first direct investment in Serbia.  The company aims to further strengthen the position of Quantox Technology in the region and accelerate its expansion abroad. BDK…

Key Points From EDPB’s Guidelines on the Right of Access

March 2022 Author: Pablo Perez Laya, BDK Advokati Arts. 12 and 15 of the EU Data Protection Regulation (EU) 2016/679 (“GDPR“) regulate the right of access (“RoA“). This right consists of three main components: (i) confirmation of whether personal data are processed; (ii) access to the personal data; and (iii) information about the processing itself. The European Data Protection Board (“EDPB“) adopted, on 18 January 2022, the Guidelines 01/2022 on data subject rights – Right of access (“Guidelines“), to provide more precise guidance on how to implement the RoA in different…

SELIH & PARTNERJI Advised Allegro on its Acquisition of a Slovenian Online Retailer

December 2021 SELIH & PARTNERJI Law Firm have advised a Polish e-commerce group Allegro on Slovenian aspects of the acquisition of Mall Group and WeDo from the PPF Group, EC Investments, and Rockaway Capital. The acquisition was made for a total consideration of EUR 881 million. In Slovenia, the transaction concerned the Slovenian online retailer Mimovrste owned by the Czech Mall Group. Allegro's lead counsel was Clifford Chance, while White & Case advised the sellers. The SELIH & PARTNERJI team included partners Natasa Pipan Nahtigal and Spela Remec, senior associate Lidija Zupancic,…

5G Network Development

November 2021 The Government of Serbia should open an auction to award licenses to 5G network operators, during the first half of 2022. Three bidders for the development of the 5G network have been mentioned in public: Telekom Serbia, Telenor (PPF Group), and A1. Telekom Serbia already secured EUR 70 million from the European Investment Bank for the development of the 5G network. It is unclear how many licenses will the state issue.

Sale Of A Software Development Company

September 2021 Sale of 25% of equity shareholding of a software development company with a focus and expertise in building and developing digital identity, identity verification, and user data protection. The owners aim to establish a partnership with financial and/or strategic investor in order to, among other, further develop the business and expand into new markets.