Cobalt has promoted former Specialist Counsl Edgars Pastars to Partner in its office in Latvia. Pastars will also Head the firm's Financial Regulatory and Compliance Practice.
Clifford Chance and Greenberg Traurig Advise on Debt Refinancing and Financing of Agora's Acquisition of 49% Stake in Eurozet
Clifford Chance has advised the lenders on the debt refinancing and financing of Agora's acquisition of a 49% stake in Eurozet. Greenberg Traurig advised Agora.
New Regulations on Online Payments in Hungary: What You Need to Know
In July 2024, the Hungarian Government introduced significant changes to the regulations governing online payments, aiming to enhance consumer protection and the security of electronic transactions.
Poland: DORA Compliance Deadline Approaches
The Digital Operational Resilience Act (DORA), along with the NIS2 directive, is a crucial piece of European legislation aimed at strengthening cybersecurity within the EU. While NIS2 focuses on a broader range of critical sectors, DORA specifically targets the financial sector, establishing a robust framework to ensure that regulated financial entities can withstand, respond to and recover from disruptions and threats related to information and communications technology (ICT). DORA complements other EU regulatory frameworks by introducing standardised requirements for digital operational resilience, which financial entities must incorporate into their risk management strategies by its effective date of 17 January 2025.
KSB Advises Concens Investments on Financing of Ostrava Airport Multimodal Park
Kocian Solc Balastik has advised Concens Investments on financing phase II of the Ostrava Airport Multimodal Park project via Trinity Bank.
A&O Shearman and Norton Rose Fulbright Advise on Farm Frites Poland's PLN 98.6 Million Financing
A&O Shearman has advised Farm Frites Poland on a PLN 98.6 million (EUR 18 million) financing from Credit Agricole Bank Polska, Bank Pekao, BNP Paribas, and PKO Bank Polski. Norton Rose Fulbright advised the banks.
Clifford Chance Advises Nofar Energy on EUR 122 Million Loan for 315 MW Solar Power Plants in Romania
Clifford Chance has advised Nofar Energy via its Romanian entities Solis Imperium and RTG Solar Energy on a EUR 122 million term loan facility agreement and VAT facility agreement with the EBRD and Raiffeisen International.