Home / News

News

Catch up on the latest news and press releases about our firm, latest developments and insights from our publications. Read all about the newest developments in the legal industry. 



Expertise
15/06/2022
The former Mo­scow of­fice of CMS to con­tin­ue work­ing as an in­de­pend­ent law...
On 15 June 2022, the former Mo­scow of­fice of the in­ter­na­tion­al law firm CMS an­nounces the start of work as an in­de­pend­ent law firm un­der the new brand name SEAM­LESS Leg­al.Over 80 col­leagues of the Mo­scow of­fice con­tin­ue work­ing as one team, led by Man­aging Part­ner Jean-Fran­cois Mar­quaire and Seni­or Part­ner Le­onid Zubar­ev.We keep ad­vising our cli­ents across all 23 prac­tices and sec­tors: We lean on 30 years of ex­pert­ise and an im­pec­cable repu­ta­tion as part of an in­ter­na­tion­al law firm. We have al­ways abided by strict pro­fes­sion­al stand­ards and will con­tin­ue provid­ing ser­vices of the highest qual­ity. Jean-Fran­cois Mar­quaire, Man­aging Part­ner: “We are proud of hav­ing been able to cre­ate and pre­serve a united team with a friendly cor­por­ate cul­ture and re­spons­ible at­ti­tude to our busi­ness.”Le­onid Zubar­ev, Seni­or Part­ner: “Our new brand SEAM­LESS Leg­al most ac­cur­ately re­flects the ap­proach to work that has de­veloped over the years in our firm – in­teg­rity and co­her­ence, im­pec­cab­il­ity, con­tinu­ity and un­in­ter­rup­ted sup­port to our cli­ents at any time."
27/01/2022
Emer­ging Europe M&A 2021 activ­ity re­bounds with deal value soar­ing
Find­ings from the CMS Emer­ging Europe M&A 2021 re­port, pub­lished today in co­oper­a­tion with EMIS, show that 2021 was a year of re­bound and re­cov­ery for deal-makers in emer­ging EuropeEm­er­ging Europe in­cludes Al­bania, Be­larus, Bos­nia and Herzegov­ina, Bul­garia, Croa­tia, Czech Re­pub­lic, Es­to­nia, Hun­gary, Kosovo, Latvia, Lithuania, North Mace­do­nia, Mol­dova, Montenegro, Po­land, Ro­mania, Rus­sia, Ser­bia, Slov­akia, Slov­e­nia, Tur­key, and Ukraine.de­fault.  Not only did the re­gion re­cov­er from its dip in 2020, with 2021 trans­ac­tion levels rising to 2,015 deals (up 18.2%), but emer­ging Europe saw over­all deal value reach its highest level since 2013 – in­creas­ing to EUR 94.27bn (up 55.1%). Horea Popes­cu, Head of CEE Cor­por­ate M&A prac­tice, CMS, com­ments: “M&A activ­ity in emer­ging Europe ex­per­i­enced a re­sur­gence in 2021, with buy­ers and sellers ap­pear­ing to re­cov­er their con­fid­ence at the pro­spect of the pan­dem­ic be­ing brought un­der con­trol. The year got off to a strong start with deal num­bers re­cov­er­ing sharply in the first three months of the year, reach­ing levels sim­il­ar to 2019 – a trend that then con­tin­ued through to the au­tumn.” Stefan Stoy­an­ov, Head of M&A Data­base at EMIS, says: “In 2021, we saw deal-makers ad­apt to the pan­dem­ic’s new nor­mal and push on with M&A. The find­ings in this year’s re­port demon­strate the re­turn of deal-maker con­fid­ence, as quarterly deal val­ues ex­ceeded EUR 20bn for five quar­ters in a row and mega­deals firmly re­turned to the agenda – with each of the year’s top ten deals priced at more than EUR 1bn.”  PE activ­ity con­tin­ued to grow and IPOs took off   Private equity is now firmly em­bed­ded in the deal­mak­ing cul­ture of emer­ging Europe. Build­ing on 2020’s buoy­ant num­bers, private equity activ­ity rose fur­ther with deal num­bers at an all-time high (399) and val­ues up 18% (EUR 23.75bn).  IPOs also en­joyed a bump­er year as the num­ber of list­ings surged to 116 (up from 26) and val­ues jumped to EUR 13.47bn (up from EUR 4.79bn). These fig­ures re­flect the suc­cess of re­gion­al stock ex­changes, such as Warsaw, Bucharest and Istan­bul, in at­tract­ing new list­ings, while those in Lon­don, Am­s­ter­dam and New York con­tin­ued to ap­peal to com­pan­ies seek­ing in­ter­na­tion­al in­vestors.  Lead­ing sec­tors Tele­coms and IT topped the deal tables once again and ac­coun­ted for five of the ten biggest deals of the year. Trans­ac­tion num­bers rose to 450 (up from 333) and the sec­tor saw the over­all highest deal value at EUR 23.4bn. Sig­ni­fic­ant Tele­coms deals in­cluded the sales of Polkomtel In­frastruk­tura and UPC Pol­ska in Po­land, and the sales of České Ra­di­okomunikace and a 30% stake in CET­IN in the Czech Re­pub­lic. Mean­while, not­able soft­ware deals in­cluded the EUR 7.3bn sale of Avast Soft­ware in the Czech Re­pub­lic and the EUR 1.6bn pur­chase of game de­veloper Nex­ters Glob­al by Kismet, both with roots in Rus­sia. Real Es­tate and Con­struc­tion was the second busiest sec­tor, ex­per­i­en­cing 340 deals (up from 310) and a 3.8% rise in deal value (EUR 9.83bn). Des­pite ex­per­i­en­cing a 19% drop in deal num­bers, of­fices re­mained the top real-es­tate sub-sec­tor. Sim­il­arly, Ware­hous­ing and lo­gist­ics also main­tained its sub-sec­tor rank­ing, re­flect­ing the on­go­ing shift to e-com­merce. Man­u­fac­tur­ing was the third busiest sec­tor with 253 trans­ac­tions (up from 236) and second by value at EUR 18.26bn. Mean­while, Min­ing, Oil and Gas was the third largest sec­tor by value at EUR 10.59bn, though it was one of the few sec­tors where deal num­bers de­clined (down to 105 from 124). Grow­ing in­vestor in­terest in cli­mate ac­tion helped drive up the over­all num­ber of en­ergy and util­ity deals to 122 (from 73), and the sec­tor ac­coun­ted for 6% of over­all trans­ac­tions (up from 4.3%). The re­new­ables sub-sec­tor saw par­tic­u­larly im­press­ive growth in both deal activ­ity and value, num­ber­ing 81 deals (up from 44) and a fourfold in­crease in value.  Coun­try hot­spots Three not­able M&A hot­spots in­cluded Croa­tia, Ro­mania and Ukraine, whose deal num­bers each ex­ceeded those achieved pri­or to the pan­dem­ic. Croa­tia saw deal num­bers and val­ues hit re­cord highs of 69 (up 60.5%) and EUR 1.8bn re­spect­ively (387.4%). Mean­while, deal activ­ity in Ro­mania also made the re­cord books (195 trans­ac­tions, up 43.4%), how­ever, deal value was down by 9.6% (EUR 2.37bn). Ukraine’s deal num­bers strongly re­covered (up 57.1% to 143) and the coun­try’s over­all deal value doubled to EUR 1.72bn.   For­eign and re­gion­al in­vest­ment reaches new heights  The United States was the most act­ive for­eign coun­try in­vestor. US deal num­bers rose to a dec­ade high of 154 (up from 94) and val­ues more than doubled to reach a re­cord high of EUR 9.17bn. European in­vestors also demon­strated a keen ap­pet­ite for deals in emer­ging Europe and, by deal activ­ity, the top three European in­vestors were the UK (106 deals), Ger­many (81 deals) and France (54 deals). These same three coun­tries also topped the charts for European in­vestor deal value; Ger­many led the pack (EUR 3.13bn), with the UK (EUR 2.08bn) and France (EUR 1.91bn) fol­low­ing in second and third place re­spect­ively. The UAE moved up the for­eign in­vestor rank­ing to se­cure tenth po­s­i­tion for its deal num­bers, the highest out­side the US and Europe. Cross-bor­der M&A re­mained buoy­ant, with deal num­bers up 28.9% (985 deals) and val­ues up 59.8% (EUR 56bn). Mean­while, do­mest­ic deal val­ues reached EUR 38.3bn (up 48.1%), with deal num­bers up 9.5% (1,030). Rus­sia was the largest single in­vestor coun­try over­all, with 564 deals worth EUR 37.3bn – al­most all (96%) of these be­ing do­mest­ic trans­ac­tions.  Out­look for 2022  Ra­divo­je Pet­rikić, CEE Cor­por­ate Prac­tice, CMS, com­ments: “M&A pro­fes­sion­als have shown they are cap­able of ad­apt­ing to whatever chal­lenges 2022 might throw at them. Al­though un­cer­tainty about the im­pact of new vari­ants and the pro­spect of eco­nom­ic fal­lout from high­er in­fla­tion has led to a more cau­tious end to the year, our find­ings show that deal-maker con­fid­ence has largely been re­stored. In 2021, the main drivers of deals were long-term un­der­ly­ing trends, such as di­git­al­isa­tion, and with the pace of change and shift to di­git­al con­tinu­ing to ac­cel­er­ate, the fun­da­ment­als for an act­ive deal­mak­ing mar­ket re­main firmly in place.” Artashes Ogan­ov, Cor­por­ate prac­tice, CMS Rus­sia, says: “After an ap­prox. 20% drop in tur­bu­lent 2020 the Rus­si­an M&A mar­ket showed an im­press­ive re­cov­ery in 2021.  With Oil & Gas, Chem­ic­als, Re­tail and Real Es­tate & Con­struc­tion be­ing the key drivers of M&A mar­ket growth in Rus­sia, the ag­greg­ate deal value has al­most doubled com­pared to 2020. However, un­like oth­er emer­ging mar­kets, the role of in­bound in­vest­ments in such growth re­mains re­l­at­ively small. Key do­mest­ic play­ers, in­clud­ing state-owned con­glom­er­ates from Nat­ur­al Re­sources, Bank­ing and In­vest­ment sec­tors, con­tin­ue to hold the pre­vail­ing share in the over­all deal volume. Due to the spe­cif­ic pro­file of the Rus­si­an eco­nomy where the state plays a ma­jor role wheth­er as fin­an­cing party or a stake­hold­er, de­creased busi­ness activ­ity after the COV­ID-19 out­break in 2020 and, hence, de­valu­ation of as­sets in many seg­ments of Rus­si­an eco­nomy al­lowed ma­jor loc­al in­vestors who have ac­cess to fin­an­cing from state-owned banks to cap­it­al­ise on the mar­ket situ­ation through ac­quis­i­tion of com­pet­it­ors and con­sol­id­a­tion of the mar­ket share in 2021. Also, the volume of out­bound in­vest­ments and activ­ity of Rus­si­an play­ers on the for­eign mar­kets showed a sur­pris­ing growth in 2021.”Gur­gen Gortsun­yan, Head of M&A, CMS Rus­sia, sums up: “The cur­rent deals pipeline gives us op­tim­ism that the Rus­si­an M&A mar­ket will main­tain at least the same level of deal-mak­ing activ­ity in 2022 des­pite the cur­rent geo­pol­it­ic­al con­text and in­ter­na­tion­al pres­sure put on the coun­try by the con­tin­ued sanc­tions.”The CMS Emer­ging Europe M&A 2021 re­port can be found here.
03/11/2021
CMS Rus­sia at the con­fer­ence ded­ic­ated to ESG in Rus­sia and France
On Oc­to­ber 26, 2021 the Franco-Rus­si­an Cham­ber of Com­merce and In­dustry (CCI France Russie), Nor­nick­el and the Na­tion­al Coun­cil on Cor­por­ate Gov­ernance with the sup­port of the French Em­bassy in Rus­sia held an ESG con­fer­ence. French and Rus­si­an reg­u­lat­ors, fin­an­cial in­sti­tu­tions and in­dus­tri­al cor­por­a­tions dis­cussed the pro­spects and chal­lenges of the new ESG real­ity. The event brought to­geth­er ex­perts from high-pro­file com­pan­ies and or­gan­isa­tions in­clud­ing France Dip­lo­matie, the Bank of Rus­sia, VEB.RF, Mo­scow Ex­change, Ros­bank, Gazprom­bank, Boiron, Schneider Elec­tric, La­farge­Holcim, Saint-Gobain, etc.Olga Odint­sova, Coun­sel and Head of New Busi­nesses and Product De­vel­op­ment at CMS Rus­sia, mod­er­ated a ses­sion on en­vir­on­ment­al re­spons­ib­il­ity and busi­ness ef­fi­ciency and a ses­sion on ESG rank­ings in Rus­sia and France.The En­vir­on­ment­al, So­cial & Cor­por­ate Gov­ernance agenda has firmly rooted in the glob­al eco­nomy to elim­in­ate in­equal­ity and en­sure ef­fi­cient use of nat­ur­al re­sources. Green com­pan­ies that com­ply with ESG cri­ter­ia get easi­er ac­cess to in­ter­na­tion­al in­vest­ments, while busi­nesses not com­mit­ted to ESG prin­ciples are find­ing it in­creas­ingly dif­fi­cult to get ac­cess to such in­vest­ments. Read the full event re­port on the web­site of the Franco-Rus­si­an Cham­ber of Com­merce and In­dustry. 
07/10/2021
CMS opens of­fice in Tel Aviv
In­ter­na­tion­al law firm CMS is pleased to an­nounce the open­ing of an of­fice in Tel Aviv, Is­rael. Op­er­a­tion­al from 1 Oc­to­ber 2021, the of­fice will be led by part­ner and cur­rent Head of the Is­raeli prac­tice Louis Glass, sup­por­ted by part­ner An­drew Bess­er. Es­tab­lish­ing a dir­ect pres­ence in Is­rael builds on the suc­cess of the firm’s Is­raeli prac­tice and will en­able the firm to sup­port cli­ents with sub­stan­tial op­er­a­tions and in­vest­ments in the coun­try, and to cap­ture new busi­ness op­por­tun­it­ies.  The firm’s re­cent Is­rael-re­lated work has in­volved over 20 CMS of­fices, with a par­tic­u­lar em­phas­is on tech-driv­en M&A, en­ergy, ho­tels, cap­it­al mar­kets, fin­an­cial ser­vices and gambling reg­u­lat­ory mat­ters.This ex­pan­sion also provides a plat­form for fur­ther growth and deep­er in­teg­ra­tion between the firm’s Middle East and Is­raeli prac­tices.Steph­en Mil­lar, Man­aging Part­ner of CMS UK com­ments: “We’re de­lighted to be open­ing an of­fice in Tel Aviv.  Is­rael is a fast-grow­ing ex­port-led eco­nomy with re­mark­able strength and tal­ent in the in­nov­at­ive in­dus­tries.  It’s the home to our many im­port­ant Is­raeli cli­ents and a key loc­a­tion for our non-Is­raeli cli­ents too.  Hav­ing a phys­ic­al pres­ence will help us sup­port our cli­ents more ef­fect­ively.”Louis Glass, Man­aging Part­ner of the Tel Aviv of­fice, says: “Open­ing an of­fice in Tel Aviv is a nat­ur­al next step in the de­vel­op­ment of our Is­raeli prac­tice and demon­strates our con­fid­ence in, and com­mit­ment to, the Is­raeli mar­ket.  The of­fice strengthens our abil­ity to build on our suc­cesses across many prac­tice areas by shar­ing our sec­tor-fo­cussed in­ter­na­tion­al of­fer­ing with new and ex­ist­ing cli­ents.  This is a great mile­stone for CMS, for me per­son­ally and for all my col­leagues who en­thu­si­ast­ic­ally serve our Is­raeli cli­ents daily.  I’m grate­ful to all those cli­ents and col­leagues for their won­der­ful sup­port.”
07/10/2021
CMS Rus­sia law­yers in the Man­aging IP Rising Stars 2021
This year's Man­aging IP's Rising Stars 2021 rank­ing of up-and-com­ing IP ex­perts re­cog­nised two CMS Rus­sia law­yers - Seni­or As­so­ci­ate Ir­ina Shur­mina and As­so­ci­ate Vladis­lav Eltovskiy. Ir­ina has been men­tioned by the rank­ing pre­vi­ously, and Vladis­lav has been re­cog­nised this year for the first time.The Man­aging IP Rising Stars 2021/2022 rank­ing is the res­ult of a com­pre­hens­ive ana­lys­is of firms and prac­ti­tion­ers in the in­tel­lec­tu­al prop­erty in­dustry. This spe­cial pub­lic­a­tion re­cog­nises some of the best up-and-com­ing in­tel­lec­tu­al prop­erty prac­ti­tion­ers in private prac­tice who con­trib­uted to the suc­cess of their firms and cli­ents. This year's pub­lic­a­tion in­cludes more than 1,000 IP prac­ti­tion­ers and over 400 firms across 54 jur­is­dic­tions. Earli­er this year the Man­aging IP's IP STARS dir­ect­ory has re­com­men­ded CMS Rus­sia as one of the lead­ing IP firms for Trade mark pro­sec­u­tion and In­tel­lec­tu­al prop­erty trans­ac­tions in Rus­sia.
04/10/2021
Ir­ina Shur­mina ap­poin­ted as a head of IT/IP law track with the new Di­git­al...
Ir­ina Shur­mina, seni­or as­so­ci­ate of the IP and TMT prac­tices and head of the In­nov­a­tion Group at the in­ter­na­tion­al law firm CMS Rus­sia, has been ap­poin­ted as aca­dem­ic head of the IT & IP Law Track of the new Di­git­al Law Mas­ter’s pro­gramme at the Fac­ulty of Law at the High­er School of Eco­nom­ics. Ir­ina will also lead the Ad­vert­ising Law dis­cip­line and sem­inars on in­tro­duc­tion to high tech­no­lo­gies for law­yers.The mas­ter pro­gramme fo­cuses on in­form­a­tion tech­no­logy and in­tel­lec­tu­al prop­erty law, as well as le­gis­la­tion af­fect­ing di­git­al plat­forms. Fur­ther­more, the course provides fu­ture law­yers with the in-depth com­pet­en­cies ne­ces­sary for work­ing in the di­git­al eco­nomy.The best stu­dents of the pro­gram can be in­vited for an in­tern­ship at the firm. 
14/09/2021
The Road to Re­cov­ery: European M&A Out­look 2022
Deal­makers say PE best placed to flour­ish in the next 12 months
30/07/2021
CMS Rus­sia entered the rank­ing for lead­ing IP prac­ti­tion­ers MIP IP Stars
IP STARS is the lead­ing re­source for com­pan­ies or in­di­vidu­als look­ing for ex­per­i­enced leg­al prac­ti­tion­ers for con­ten­tious and non-con­ten­tious IP ad­vice. The rank­ings are based on a weighted re­view of in­form­a­tion sub­mit­ted by firms, pub­licly avail­able in­form­a­tion, and mar­ket feed­back. Man­aging IP has been cov­er­ing IP law and prac­tice since 1990.
29/07/2021
New Ex­ec­ut­ive Dir­ect­or for CMS
Frank­furt, 29 Ju­ly 2021
05/07/2021
CMS re­ports steady glob­al rev­en­ues and new in­vest­ments in 2020
CMS, the lead­ing glob­al law firm, today an­nounces rev­en­ues for the fin­an­cial year Janu­ary-Decem­ber 2020 of EUR 1.475bn. This trans­lates in­to a year-on-year in­crease of 3%, rep­res­ent­ing sol­id and stable...
15/06/2021
CMS ex­pands in Nor­way
The lead­ing glob­al law firm CMS an­nounces that Kluge has today joined it as a full mem­ber firm. With on­board­ing ex­pec­ted to be com­plete by Oc­to­ber, the Nor­we­gi­an firm with its 100-year leg­acy will hence­forth...
10/06/2021
CMS Rus­sia earns a re­cord num­ber of re­cog­ni­tions by Best Law­yers 2022
Strong re­cog­ni­tion by the rank­ing 32 CMS Rus­sia ex­perts have been se­lec­ted for in­clu­sion in­to the 2022 edi­tion of the Best Law­yers rank­ing. In total, we have earned 74 re­cog­ni­tions by the rank­ing :Ant­on...