Allen & Overy has advised a syndicate of ten banks on Bina-Istra’s EUR 1.1 billion refinancing of the Istrian Epsilon project and the debt financing of the construction, management, and maintenance of the new phases of the Adriatic highway in Croatia.

Tender Opportunities in North Macedonia

JDP has advised the Warsaw Ghetto Museum on a construction tender procedure regarding the selection of a designer and a general contractor. Pierog & Partners reportedly advised on the procedure as well.

Cobalt has advised Italian company Italferr on its successful participation in the EUR 141.5 million Rail Baltica public procurement process for the provision of engineering consultancy and construction supervision services for the construction of the mainline in Latvia.

CMS has advised Hellenic Petroleum Group subsidiary EKO Bulgaria in the EUR 51 million public procurement process organized by the Bulgarian Ministry of Finance for the delivery of fuel needed by the administration entities under its executive purview.

In recent years, significant global events and unforeseen circumstances have had a profound impact on, among others, infrastructure projects. These events, whether global conflicts, health crises, or other significant occurrences, have triggered price changes in such projects. As a result, provisions of the Serbian Law on Obligations regarding claims for changes in price have gained prominence.