In August 2021, the Law on Financial Support of Investments (“Law”) in North Macedonia has undergone several amendments. Changes are focused on easing the conditions for application, affecting the balanced regional development, and speeding up the procedures for payment of the granted funds.
SupplierPlus Head of Legal Moves to PwC Legal in Estonia
Former SupplierPlus Head of Group Legal Kirill Lezeiko returns to private practice by rejoining PwC Legal in Estonia.
Romanian Company Law Restrictions For Intra-group Guarantees or Intra-group Lending
Intra-group loans and guarantees are frequently encountered in the activity of group companies, especially when centralized capital and liquidity management systems are in place. Intra-group loans are often used as tools to maximize liquidity at the group level while reducing the cost of funds, while the guarantees provide group companies with better access to external financing or high-value commercial contracts.
Debt Collection Series-3: Costs of Debt Collection Proceedings in Turkey
As a result of the increasing global trade, the international debt collection has become a more important issue nowadays. Given that debt collection proceedings vary across countries, this article explains the costs of initiating execution proceedings in Turkey.
Deal 5: FinBee CFA and CEO Darius Noreika on Electronic Money Institution License
On June 22, 2021, CEE Legal Matters reported that Motieka & Audzevicius had advised Elektroniniu Pinigu Bite on obtaining an electronic money institution license. According to the firm, Elektroniniu Pinigu Bite “serves related companies – mutual lending and crowdfunding platforms FinBee, FinBee for Business, and their customers.” CEE In-House Matters spoke with Darius Noreika, CFA and CEO at Finbee, to learn more about the matter.
Not Even Loan Contracts Are Set In Stone
A common stereotype prevails that banking contracts are non-negotiable, and borrowers hardly have a say in the terms of their contracts. However, this is not the case: like any economic operator, banks are also willing to compromise. Banks’ flexibility varies depending on who and when is seeking preferential treatment and on the contractual terms subject to negotiations.
InterRisk Head of Legal Leaves to Set up New Firm in Poland
Anna Grykin, former Head of Legal at InterRisk, has returned to private practice by setting up Grykin Law Firm in Poland.