Kinstellar
Global Guide 2025
About
Kinstellar acts as trusted legal counsel to leading investors across Europe and Central Asia. Our reputation for quality, excellence and integrity speaks for itself.
With offices in 12 jurisdictions and over 300 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.
Our clients include leading international and regional corporations, banks and other financial institutions, state bodies, multi-lateral institutions, and international law firms with clients that require top-quality legal counsel in our jurisdictions. We handle the most important and complex assignments for clients across diverse industries and business sectors.
Combining in-depth local knowledge and international expertise, we advise and assist clients on their most complex projects and transactions across a range of specialist practice areas and sectors. Our acknowledged experts add value to transactions and effectively drive results.
Practice Areas:
■ Banking, Finance & Capital Markets
■ M&A & Corporate
■ Dispute Resolution
■ Competition & State Aid
■ Compliance, Risk & Sensitive
■ Investigations
■ Employment & Labour Law
■ Energy & Natural Resources
■ Infrastructure & Projects
■ Real Estate, Construction & Planning
■ Restructuring & Insolvency
■ Technology, Media & Telecommunications
Ranked Offices
Provided by Kinstellar
- PraguePalác Myslbek, Na Příkopě 19, Prague, Prague, Czech Republic, 117 19
- Web: www.kinstellar.com
- Tel: +420 221 622 111
- Fax: +420 221 622 199
- View ranked office
- AlmatyKurmangazy Business Center, 5th floor, 61a Kurmangazy Street, Almaty, Almaty, Kazakhstan, 050000View ranked office
- BratislavaHviezdoslavovo námestie 13, Bratislava, Bratislava Region, Slovakia, 811 02View ranked office
- IstanbulKST Law in cooperation with Kinstellar Windowist Tower Reşitpaşa Mah. Eski Büyükdere Cad. No: 26 İç kapı no: 141 Kat: 18 Maslak, Istanbul, Istanbul, Turkey, 34467View ranked office
Kinstellar rankings
Articles, highlights and press releases
70 items provided by Kinstellar
Get Ready for the New Foreign Direct Investment Screening Regime in Bulgaria
Bulgaria’s new FDI mechanism has entered into force, introducing an FDI screening regime for foreign investors if certain criteria are met. This is a significant development in the regulatory landscape. Due to ambiguities in the final text, each investment should be analysed on a case-by-case basis
Get Ready for the New Foreign Direct Investment Screening Regime in Bulgaria
Bulgaria’s new FDI mechanism has entered into force, introducing an FDI screening regime for foreign investors if certain criteria are met. This is a significant development in the regulatory landscape. Due to ambiguities in the final text, each investment should be analysed on a case-by-case basis
Director Duties and ESG Considerations
The article looks at the way directors can reconcile their duty of care with a growing set of ESG requirements that businesses should follow. It could only happen if they can demonstrate that integrating ESG factors at an additional cost creates a long-term value for the business.
Accessing talent in Bulgaria through Employer of Record service providers
Remote work is an opportunity to access talent across borders which has naturally resulted in the increased engagement of Employer of Record service providers (EORs). This is an overview of the important aspects that need to be considered by companies using EOR services in Bulgaria.
Investing in real estate & construction in Bulgaria
Are you planning an investment in real estate in Bulgaria? Careful consideration of associated risks can improve the chances of a timely and profitable deal without facing the challenges of myriad legal, regulatory, and technical issues.
Kinstellar advises Veolia on the acquisition of the largest Czech district heating companies
Kinstellar has successfully advised VEOLIA on its acquisition of Pražská teplárenská, one of the largest district heating companies in the Czech Republic.
Kinstellar advises Kemp Technologies on the acquisition of Flowmon
Kinstellar has successfully advised Kemp Technologies, the leader in powering always-on application experience, on its acquisition of Flowmon, a global network intelligence company.
Kinstellar advises Cromwell Property Group on the sale of its A1 Bucharest Park
Kinstellar advises Cromwell Property Group on the sale of its A1 Bucharest Park on behalf of the Central European Industrial Fund (CEIF) to CTP.
Kinstellar advises international business consultancy Mirus Group on the acquisition of Nexia CRG
Kinstellar’s Bucharest office has successfully advised Mirus Group, a Bucharest-based international business consultancy firm, on the acquisition of Nexia CRG, a leading provider of audit and assurance, business advisory and tax advisory services in Romania.
Kinstellar advises the private equity fund Black Sea Fund I on the acquisition of DigiRay
Kinstellar has successfully advised the investment fund Black Sea Fund I on the acquisition of Romanian dental imaging network DigiRay.
Kinstellar advises Doğuş Holding on the sale of a 30% stake in Istanbul’s premier shopping mall
Kinstellar has successfully advised the Turkish conglomerate Doğuş Holding on the sale of a 30% stake in the premier Istanbul shopping mall, Istinye Park, to the Doha-based investment house Qatar Holding LLC.
Kinstellar contributes to the expansion of NetPincér, Hungary´s leading online and mobile food order
NetPincér, the Hungarian online food delivery company, part of Delivery Hero, has expanded its service in Hungary beyond restaurant delivery and now offers the online delivery of groceries and household products to customers from the company's network of participating stores within 30 minutes.
Kinstellar advises S Immo AG on its EUR 97 million acquisition of two Class A office buildings
Kinstellar is delighted to announce that it has advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of Campus Buildings 6.2 & 6.3, two leading class A office buildings in Bucharest, Romania, from leading developer Skanska. The transaction value exceeded
Kinstellar advises the joint lead managers on the USD 300 million debut Eurobond offering by JSC Nat
Kinstellar has successfully advised the joint lead managers on the issue of USD 300 million 5.5% senior unsecured notes due in 2025 listed on the London Stock Exchange by JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU), Uzbekistan's largest bank by assets.
Experienced lawyers and new graduates join Kinstellar in Hungary
Kinstellar is delighted to announce the joining of new lawyers in Budapest, Hungary.
Kinstellar strengthens its Ukraine practice with new Partner Olexander Martinenko
Kinstellar is pleased to announce the appointment of Olexander Martinenko as a Partner and Head of the Dispute Resolution and Commercial practices at the firm’s Kyiv office.
Kinstellar advises Genesis Growth Equity Fund I on the acquisition of R2B2
Kinstellar has successfully advised Genesis Growth Equity Fund I on its acquisition of R2B2, a key player in programmatic advertising in the Czech Republic.
Kinstellar represents QTerminals in negotiations for the Concession Agreement of Olvia port, Ukraine
On 20 August 2020, the Ministry of Infrastructure of Ukraine, the Ukrainian Sea Ports Authority, the Qatari port operator QTerminals WLL and its Ukrainian subsidiary QTerminals Olvia, signed the agreement for the 35-year concession of Olvia port.
Olena Kuchynska appointed as new Managing Partner of Kinstellar’s Kyiv office
Kinstellar is pleased to announce the appointment of Olena Kuchynska as Managing Partner of the firm’s Kyiv office.
Kinstellar advises GLP, a leading global investment manager, on a EUR 1 billion multi-jurisdictional
Kinstellar has advised GLP, a leading global investment manager specialising in logistics, real estate, insurance and related technology investments, on the Czech, Slovak and Hungarian law aspects of its acquisition of Goodman Group’s Central and Eastern Europe logistics real real estate portfolio.
Kinstellar advises the Hungarian State on its investment with Airbus in a greenfield project
Kinstellar's team in Budapest has advised the Hungarian State on a greenfield investment in the aerospace sector.
Company Law simplified in Romania
3 July 2020 – The Romanian parliament has amended Law no. 31/1990 on companies through the newly enacted Law no. 102/2020 (the “Law”), which amends and supplements previous legislation with the aim to simplify the incorporation of new companies in Romania.
Kinstellar advises the Korean company Kyungshin Cable on new factory construction in Serbia
Kinstellar has successfully advised Kyungshin Cable, a leading company on the Korean automotive cable market, on the construction of a 12,000 m2 factory in the town of Smederevska Palanka, approximately 80 kilometres south of Belgrade. The investment is valued at over EUR 20 million.
Kinstellar advises Novavax on its acquisition of a vaccine manufacturing facility
Kinstellar has successfully advised US-based Novavax, Inc., a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, on its acquisition of Praha Vaccines a.s., the Czech Republic, from the Cyrus Poonawalla Group.
Kinstellar advises GTC on a pre-lease agreement with Commerzbank
Kinstellar’s team in Sofia has successfully supported the regional property developer on its pre-lease negotiations with Germany’s for the lease of 3,500 sq. metres of space at the Advance Business Center II office building in Sofia, Bulgaria, which is expected to open its doors in Q4 2020.
Kinstellar advises FirstFarms on the sale of a large farm in western Romania
Kinstellar has successfully advised FirstFarms, a leading Denmark-based investor in agriculture and land in Eastern Europe, on the sale of a farm of approximately 1,700 hectares in western Romania.
Kinstellar advises Catara Consulting Europe on the USD 50 million Loan Participation Notes of Uzbek
Kinstellar has advised Catara Consulting Europe on matters of Uzbek law in relation to the structuring of the USD 50 million 3-year local currency unsecured Loan Participation Notes of the Joint-Stock Commercial Bank “Uzbek Industrial and Construction Bank” (PSB).
Kinstellar advises on the acquisition of Pilsen Steel
Kinstellar has successfully advised Max Aicher GmbH & Co. KG on the acquisition of enterprises of the bankrupt companies PILSEN STEEL s.r.o. and Pilsen Estates s.r.o. from their insolvent assets overseen by insolvency administrator Jaroslav Brož.
Kinstellar advises Silversmith Capital Partners on the Bulgarian law aspects of the strategic acquis
Kinstellar has successfully advised , a Boston-based growth equity firm, on Appfire’s acquisition of Botron Software, a Bulgaria-based provider of tools that enable enterprise-level change and configuration management within the Jira software platform.
Anton Petrov joins Kinstellar in Sofia as head of the local TMT practice
Kinstellar is delighted to announce the appointment of Anton Petrov as Of Counsel and head of the firm’s TMT practice in Bulgaria. Anton bolsters the firm’s expert-driven services to support clients with their legal, regulatory and technology-related challenges.
Get Ready for the New Foreign Direct Investment Screening Regime in Bulgaria
Bulgaria’s new FDI mechanism has entered into force, introducing an FDI screening regime for foreign investors if certain criteria are met. This is a significant development in the regulatory landscape. Due to ambiguities in the final text, each investment should be analysed on a case-by-case basis
Get Ready for the New Foreign Direct Investment Screening Regime in Bulgaria
Bulgaria’s new FDI mechanism has entered into force, introducing an FDI screening regime for foreign investors if certain criteria are met. This is a significant development in the regulatory landscape. Due to ambiguities in the final text, each investment should be analysed on a case-by-case basis
Director Duties and ESG Considerations
The article looks at the way directors can reconcile their duty of care with a growing set of ESG requirements that businesses should follow. It could only happen if they can demonstrate that integrating ESG factors at an additional cost creates a long-term value for the business.
Accessing talent in Bulgaria through Employer of Record service providers
Remote work is an opportunity to access talent across borders which has naturally resulted in the increased engagement of Employer of Record service providers (EORs). This is an overview of the important aspects that need to be considered by companies using EOR services in Bulgaria.
Investing in real estate & construction in Bulgaria
Are you planning an investment in real estate in Bulgaria? Careful consideration of associated risks can improve the chances of a timely and profitable deal without facing the challenges of myriad legal, regulatory, and technical issues.
Kinstellar advises Veolia on the acquisition of the largest Czech district heating companies
Kinstellar has successfully advised VEOLIA on its acquisition of Pražská teplárenská, one of the largest district heating companies in the Czech Republic.
Kinstellar advises Kemp Technologies on the acquisition of Flowmon
Kinstellar has successfully advised Kemp Technologies, the leader in powering always-on application experience, on its acquisition of Flowmon, a global network intelligence company.
Kinstellar advises Cromwell Property Group on the sale of its A1 Bucharest Park
Kinstellar advises Cromwell Property Group on the sale of its A1 Bucharest Park on behalf of the Central European Industrial Fund (CEIF) to CTP.
Kinstellar advises international business consultancy Mirus Group on the acquisition of Nexia CRG
Kinstellar’s Bucharest office has successfully advised Mirus Group, a Bucharest-based international business consultancy firm, on the acquisition of Nexia CRG, a leading provider of audit and assurance, business advisory and tax advisory services in Romania.
Kinstellar advises the private equity fund Black Sea Fund I on the acquisition of DigiRay
Kinstellar has successfully advised the investment fund Black Sea Fund I on the acquisition of Romanian dental imaging network DigiRay.
Kinstellar advises Doğuş Holding on the sale of a 30% stake in Istanbul’s premier shopping mall
Kinstellar has successfully advised the Turkish conglomerate Doğuş Holding on the sale of a 30% stake in the premier Istanbul shopping mall, Istinye Park, to the Doha-based investment house Qatar Holding LLC.
Kinstellar contributes to the expansion of NetPincér, Hungary´s leading online and mobile food order
NetPincér, the Hungarian online food delivery company, part of Delivery Hero, has expanded its service in Hungary beyond restaurant delivery and now offers the online delivery of groceries and household products to customers from the company's network of participating stores within 30 minutes.
Kinstellar advises S Immo AG on its EUR 97 million acquisition of two Class A office buildings
Kinstellar is delighted to announce that it has advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of Campus Buildings 6.2 & 6.3, two leading class A office buildings in Bucharest, Romania, from leading developer Skanska. The transaction value exceeded
Kinstellar advises the joint lead managers on the USD 300 million debut Eurobond offering by JSC Nat
Kinstellar has successfully advised the joint lead managers on the issue of USD 300 million 5.5% senior unsecured notes due in 2025 listed on the London Stock Exchange by JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU), Uzbekistan's largest bank by assets.
Experienced lawyers and new graduates join Kinstellar in Hungary
Kinstellar is delighted to announce the joining of new lawyers in Budapest, Hungary.
Kinstellar strengthens its Ukraine practice with new Partner Olexander Martinenko
Kinstellar is pleased to announce the appointment of Olexander Martinenko as a Partner and Head of the Dispute Resolution and Commercial practices at the firm’s Kyiv office.
Kinstellar advises Genesis Growth Equity Fund I on the acquisition of R2B2
Kinstellar has successfully advised Genesis Growth Equity Fund I on its acquisition of R2B2, a key player in programmatic advertising in the Czech Republic.
Kinstellar represents QTerminals in negotiations for the Concession Agreement of Olvia port, Ukraine
On 20 August 2020, the Ministry of Infrastructure of Ukraine, the Ukrainian Sea Ports Authority, the Qatari port operator QTerminals WLL and its Ukrainian subsidiary QTerminals Olvia, signed the agreement for the 35-year concession of Olvia port.
Olena Kuchynska appointed as new Managing Partner of Kinstellar’s Kyiv office
Kinstellar is pleased to announce the appointment of Olena Kuchynska as Managing Partner of the firm’s Kyiv office.
Kinstellar advises GLP, a leading global investment manager, on a EUR 1 billion multi-jurisdictional
Kinstellar has advised GLP, a leading global investment manager specialising in logistics, real estate, insurance and related technology investments, on the Czech, Slovak and Hungarian law aspects of its acquisition of Goodman Group’s Central and Eastern Europe logistics real real estate portfolio.
Kinstellar advises the Hungarian State on its investment with Airbus in a greenfield project
Kinstellar's team in Budapest has advised the Hungarian State on a greenfield investment in the aerospace sector.
Company Law simplified in Romania
3 July 2020 – The Romanian parliament has amended Law no. 31/1990 on companies through the newly enacted Law no. 102/2020 (the “Law”), which amends and supplements previous legislation with the aim to simplify the incorporation of new companies in Romania.
Kinstellar advises the Korean company Kyungshin Cable on new factory construction in Serbia
Kinstellar has successfully advised Kyungshin Cable, a leading company on the Korean automotive cable market, on the construction of a 12,000 m2 factory in the town of Smederevska Palanka, approximately 80 kilometres south of Belgrade. The investment is valued at over EUR 20 million.
Kinstellar advises Novavax on its acquisition of a vaccine manufacturing facility
Kinstellar has successfully advised US-based Novavax, Inc., a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, on its acquisition of Praha Vaccines a.s., the Czech Republic, from the Cyrus Poonawalla Group.
Kinstellar advises GTC on a pre-lease agreement with Commerzbank
Kinstellar’s team in Sofia has successfully supported the regional property developer on its pre-lease negotiations with Germany’s for the lease of 3,500 sq. metres of space at the Advance Business Center II office building in Sofia, Bulgaria, which is expected to open its doors in Q4 2020.
Kinstellar advises FirstFarms on the sale of a large farm in western Romania
Kinstellar has successfully advised FirstFarms, a leading Denmark-based investor in agriculture and land in Eastern Europe, on the sale of a farm of approximately 1,700 hectares in western Romania.
Kinstellar advises Catara Consulting Europe on the USD 50 million Loan Participation Notes of Uzbek
Kinstellar has advised Catara Consulting Europe on matters of Uzbek law in relation to the structuring of the USD 50 million 3-year local currency unsecured Loan Participation Notes of the Joint-Stock Commercial Bank “Uzbek Industrial and Construction Bank” (PSB).
Kinstellar advises on the acquisition of Pilsen Steel
Kinstellar has successfully advised Max Aicher GmbH & Co. KG on the acquisition of enterprises of the bankrupt companies PILSEN STEEL s.r.o. and Pilsen Estates s.r.o. from their insolvent assets overseen by insolvency administrator Jaroslav Brož.
Kinstellar advises Silversmith Capital Partners on the Bulgarian law aspects of the strategic acquis
Kinstellar has successfully advised , a Boston-based growth equity firm, on Appfire’s acquisition of Botron Software, a Bulgaria-based provider of tools that enable enterprise-level change and configuration management within the Jira software platform.
Anton Petrov joins Kinstellar in Sofia as head of the local TMT practice
Kinstellar is delighted to announce the appointment of Anton Petrov as Of Counsel and head of the firm’s TMT practice in Bulgaria. Anton bolsters the firm’s expert-driven services to support clients with their legal, regulatory and technology-related challenges.