Publications

Despite geopolitical tensions, fears of recession and strong inflationary pressures across the EU, as well as the fiscal tightening needed to contain them, M&A in the CEE region has remained reasonably buoyant. Findings from the CMS Emer­ging Europe M&A 2023/24 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. Welcome to the 2023/24 edition of the Emerging Europe report.

Environmental, social and governance (ESG) factors have become important to the hospitality sector, as they affect the performance, value and reputation of hotels, as well as the expectations and preferences of guests, employees, investors and regulators. In this report, we provide an overview of the current trends, challenges and opportunities for hotel owners, operators and investors in the Central and Eastern European (CEE) region, with a focus on the commercial case for ESG and the legal framework at the European level.

CEE countries have attracted significant foreign direct investment in greenfield operations in recent years. Indeed, many manufacturing businesses have focused on expanding capacity in CEE countries...

The year 2022 started with various challenges, including rising inflation and energy prices. Then the Russian invasion of Ukraine added yet another one. Nonetheless, the M&A market in emerging European countries proved to be extremely resilient. The region saw M&A activity maintain a steady pace, though deal values were notably lower. Also, variations could be observed across territories and sectors. While 2022 brought a unique set of challenges, dealmaking largely compared favourably to pre-pandemic levels. Welcome to the 2022/23 edition of the Emerging Europe report.

We are pleased to present the ‘Private Rented Sector: a new asset class in CEE’, a report published by CMS in cooperation with CBRE.

What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team

CEE countries continue to attract significant foreign direct investment in greenfield operations. Indeed, many manufacturing businesses focus on expanding capacity in CEE countries, sometimes at the expense...

Private rented sector (“PRS”) projects are a new occurrence on the Polish real estate market and, as a result, there is a shortage of a relevant legal framework or jurisprudence. On the other hand...

Following global trends, the M&A market in emerging Europe surged in 2021— more money was spent on acquisitions and investments than in any of the previous seven years. After a relatively poor showing in 2020, transaction volume also bounced back to pre-pandemic levels. Not only did direct acquisitions and investments fare well, but stock market listings also reached unprecedented levels. Has the M&A market in emerging Europe scaled new heights?Welcome to the 2021/22 edition of the Emerging Europe report.

CEE countries have attracted significant foreign direct investment in greenfield operations in recent years. Indeed, many manufacturing businesses have focused on expanding capacity in CEE countries...