Turkish Merger Control Regime in Technology Markets: Defining the Limits
September 2024
Neyzar Unubol, Competition Law Counsel, and Esen Cakir, Associate
Kolcuoglu Demirkan Kocakli Attorneys at Law
Recently, several competition authorities worldwide have increased merger control scrutiny in technology markets. The European Commission encourages national competition authorities to refer to transactions falling below the European Union and national turnover thresholds. The Digital Markets Act, which entered into force in November 2022, obliges large digital platforms (i.e., gatekeepers) to notify the European Commission of mergers or acquisitions regardless of turnover…
Understanding the EU's Artificial Intelligence Act: Key Insights
August 2024
Anisa Tomic, Partner, and Zerina Karahmet, Associate
Maric & Co Law Firm
On August 1, 2024, the European Union's Artificial Intelligence Act (AI Act) came into force, marking a significant milestone in the regulation of AI technologies. This pioneering regulatory framework is designed to ensure the safe and ethical deployment of AI across the EU, balancing innovation with fundamental rights and safety. At Marić & Co. d.o.o., we recognize the importance of understanding and complying with these regulations as AI continues to revolutionize the way we live and work, from personalized…
Software and IP Protection – Key Considerations
August 2024
Irene Kyriakides, Partner, Niovi Plemmenou, Associate, Apostolos Papachrysos, Associate, and Androniki Papoutsoglou, Junior Associate
Kyriakides Georgopoulos Law Firm
Introduction
In an increasingly technology-oriented society, software has become an invaluable asset for businesses. Companies either develop or simply use software in their day-to-day operations and a familiarity with laws revolving around software and its protection is crucial. Navigating the complex landscape of intellectual property (IP) rights is essential for safeguarding the interests of innovative companies.…
NNDKP Assists Globant with the Merger of two Romanian Subsidiaries
August 2024
NNDKP has recently advised Globant, an IT and software development company present in 33 countries with more than 29,000 employees worldwide, throughout the entire process of merging two Romanian subsidiaries – Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L. The transaction was part of a global reorganization process that Globant designed in order to continue and accelerate its expansion worldwide, including in Romania.
NNDKP provided comprehensive legal assistance and strategic legal guidance from a corporate perspective in all stages of the merger, as well as counseling…
KG Law Firm Advises General Atlantic for the Acquisition of the Free-Float in the Greek Issuer Epsilon Net S.A.
May 2024
KG Law Firm advises General Atlantic, a global growth equity platform, investing in specific sectors, including technology, in the tender offer announced for the acquisition of the free-float in the Greek issuer EPSILON NET S.A., listed on the Main Market – Athens Exchange. The tender is supported by two main shareholders of the issuer.
BOYANOV & Co. Advised Synechron on the Acquisition of Dreamix
April 2024
Synechron, Inc., a leading global digital transformation consulting company focused on financial services and technology organizations, announced its acquisition of Dreamix, founded in 2006, in Sofia, Bulgaria (press release available). As a bespoke end-to-end software engineering and digital product/application development company, Dreamix caters to the customised needs of an array of globally renowned enterprise clients across key industries, including Aviation, Transportation, RegTech, FinTech, ESG, and Healthcare. The acquisition of Dreamix was completed on 26 March 2024.
BOYANOV…
“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,…
