Early-stage startups often face a significant challenge due to their very limited runway – as usually they burn money faster than they are able to acquire funding – which makes external capital crucial for sustainability. From the perspective of potential investors determining the worth of these startups is a key factor in deciding whether to invest or not into the specific project which is complex and time consuming, a luxury startups often lack.

Ellex has advised Capitalica Asset Management on the establishment of its Capitalica Debt Fund targeting Baltic companies' high-yield bonds.

Taylor Wessing, working with Gowling WLG, has advised Germany's MWB Fairtrade Wertpapierhandelsbank investment bank on the launch of LM Pay on the Duesseldorf Stock Exchange.

Wolf Theiss has advised joint lead managers Barclays, BNP Paribas, Deutsche Bank, Erste Group, Goldman Sachs Bank Europe, and Nova KBM on the Republic of Slovenia’s EUR 1.5 billion Reg S note issuance.

Ellex Valiunas has advised Lords LB Asset Management-managed Investmira on the successful redemption of its EUR 55 million bond issuance from 2021.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.