SELIH & PARTNERJI Advised KJK Fund on its Acquisition of Elan

SELIH & PARTNERJI Law Firm has advised the KJK Fund on its acquisition of Slovenian sporting goods manufacturer Elan from MLI (part of the Bank of America Merrill Lynch group) and Wiltan (part of VR Capital group). While merger clearances in other countries have already been obtained, the sale is still contingent on the approval of Slovenia's competition authority, and it is expected to close in mid-2019.

The SEE Legal Group and its Member Firms Top-ranked by Chambers Europe 2019

The SEE Legal Group continues to be ranked in Band 1 as a Leading Law Firm Network in Central & Eastern Europe by Chambers Europe 2019. For the past 16 years, SEE Legal has continued to develop into a highly-integrated regional legal service provider dominating the region of Southeast Europe. A client noted that the Group is "one of the biggest and longest-standing networks in the region," while Chambers Europe added that SEE Legal operates as a standalone provider to businesses seeking comprehensive coverage of Eastern Europe.

The Upcoming Trade Secrets Act

On 10 January 2019, the Trade Secrets Act was sent for consideration to the Slovenian Parliament and will have to be adopted shortly - as required by Directive (EU) 2016/943 on the protection of undisclosed know-how and business information (i.e. trade secrets) against their unlawful acquisition, use and disclosure. SELIH & PARTNERS is encouraging the companies to respond quickly and prepare for the upcoming changes by adopting appropriate internal acts or revisiting the existing internal acts in order to ensure that all important trade secrets are adequately protected.

Promotions at NNDKP

Nestor Nestor Diculescu Kingston Petersen announced its 2019 promotions. Roxana Abrasu (Employment) and Sandor Gal (NNDKP Brasov) were promoted to Managing Associate positions. Emanuel Bondalici (Dispute Resolution), Mihaela Ceausescu (Dispute Resolution), Tudor Ciambur (Real Estate), Raluca Gabor (Corporate/M&A), Ion Loga (Timisoara office), Vlad Nicolae (Dispute Resolution) and Ionut Stancu (Employment) were promoted to Senior Associate positions. Mihai Serbu (Tax Advisory Services) was promoted to the position of Tax Manager. Currently, the NNDKP team comprises 32 partners,…

KDK’s Partner Okan Demirkan was a Commentator at the Istanbul Arbitration Centre

Sharing his years of experience, Kolcuoglu Demirkan Kocakli's Arbitration team leader Okan Demirkan was invited to comment on presentations at the Istanbul Arbitration Centre (ISTAC)/ Marmara University Arbitration School. Okan commented on both academics and practising lawyers. The topic of this session, the fifth in a series, was “Execution of Arbitration Agreements by Proxy”. Kolcuoglu Demirkan Kocakli continuously contributes at events to educate, share and bring real world experience into the classroom.

KG Law Firm Organised a Legal Boot Camp, Part of the Athens Digital Lab

Kyriakides Georgopoulos Law Firm organised a first pilot “legal boot camp” to talented teams of young start-up entrepreneurs, graduates and researchers who were shortlisted to develop their proposals within the Athens Digital Lab of the City of Athens. The areas covered were corporate (including funding), tax, IP, employment and GDPR. More such KG initiatives are planned.

Bosnia and Herzegovina Removed from the AML List

Bosnia and Herzegovina is no longer on the European Commission's list of weak anti-money laundering and terrorist financing regimes. According to EU Commission's report from 13 February 2019, Bosnia and Herzegovina is one of countries that has recently taken a number of measures in order to reinforce the AML/CFT regime, so it does not have strategic deficiencies with regards to this regime.

Adjudicating Moral Damages in Greece from an Economic Analysis of Law Perspective

KG Law Firm’s Senior Associate Charalampos (Harry) Karampelis, a regular contributor, and author of some of the leading industry publications, recently contributed to a book, published by Nomiki Vivliothiki, which focuses on the legal matter of the adjudication of moral damages in Greece.

Amendment to the Bulgarian Personal Data Protection Act

Today, the long-awaited amendment to the Personal Data Protection Act was promulgated in the Bulgarian State Gazette. Most notably, the law designates the Commission on Personal Data Protection as the Bulgarian supervisory authority under the GDPR and officially repeals the registration regime for personal data controllers which was inapplicable in practice since 25 May 2018. Following the entry into effect of the amendment, the Commission is to adopt additional ordinances and amendments to its internal rules. Furthermore, the law implements the rules of Directive (EU) 2016/680 related to the…

Valvoline to Acquire FAM’s Production Plant and Related IP Rights

BDK Advokati represented Ellis Enterprises d.o.o. a subsidiary of Valvoline (NYSE: VVV), in the acquisition of the production facility and IP rights from Serbian lubricant producer FAM for a purchase price of EUR 9.5 million. As a result of this acquisition, Valvoline will add to its portfolio FAM’s products which are well-known in the Balkan region.

KALO & ASSOCIATES Successfully Defended Republic of Albania

KALO & ASSOCIATES, co-counsel with Freshfields Bruckhaus Deringer, is delighted to announce the successful arbitral award, rendered by ICSID, dismissing the case brought by Anglo-Adriatic Investment Fund against the Republic of Albania, claiming about EUR 220 million for foreign investment expropriation. The case details are available here.

KALO & ASSOCIATES Assisted YURA Corporation

LO & ASSOCIATES team, led by partner Jola Gjuzi, assisted the South Korean global supplier, YURA Corporation. YURA Corporation was granted the status "strategic investor" by the Albanian Government following a thorough examination of the project by AIDA. Yura will be producing electric, electronic and ignition components for the automotive industry and will employ a great number of Albanian citizens.