Allen Overy Shearman Sterling and CMS have advised Equinor and Polenergia on securing over EUR 6 billion in project financing for the development of the Baltyk 2 and Baltyk 3 offshore wind farms in Poland. The financing was provided by a syndicate of approximately 30 financial institutions, including the Nordic Investment Bank, the European Investment Bank, Euler Hermes, KUKE, and BGK. Clifford Chance advised the financing institutions.

Greenberg Traurig has advised insurance companies from the Uniqa Group on long-term cooperation agreements with mBank, covering the exclusive distribution of insurance products. DWF advised mBank.

The Bank of Albania has introduced a new regulatory framework on marketing and advertising by financial institutions, significantly enhancing consumer protection and transparency in the financial sector. The changes, enacted through Decision No. 11, dated 5 February 2025, amend the Regulation “On Transparency for Banking and Financial Products and Services” and enter into force on 1 May 2025.

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.

Wolf Theiss has advised DSK Bank and OTP Bank on the EUR 88 million real estate financing of Bravo Sky. Lex Locus reportedly advised the borrowers.

Sayenko Kharenko has advised the International Finance Corporation on a EUR 66 million risk-sharing facility with Ukrsibbank.