The Anti-Money Laundering and Countering Financing of Terrorism legislative package of the European Union (“EU”), proposed on 20 July 2021 by the European Commission, and approved by the European Parliament plenary this April was published in the Official Journal of the EU on 19 June. The new legislative package introduces significant regulatory changes in connection with the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, both on European and national level.

Gide, working with Cadwalader, Wickersham & Taft, has advised Goldman Sachs Bank on financing for Cerberus Capital Management affiliates' acquisition of over 10,000 Intrum loan portfolios with a nominal value of EUR 33 billion and a book value of EUR 1 billion across 13 European jurisdictions. Linklaters advised Cerberus Capital Management.

Dunovska & Partners has promoted Vaclav Manek to Partner.

Clifford Chance has advised PPF Banka on financing Crestyl's development of Zamecke Zahrady III and 33 residential homes.

Ellex, working with DLA Piper, has advised NORD/LB on the construction bridge financing for a Baltic Biorefinery Group-developed PV project in Latvia with Green Genius as the sponsor. TGS Baltic advised Green Genius and Baltic Biorefinery.

Former Counsels Robert Wippel, Desiree Prantl, and Claudia Fochtmann-Tischler and former Senior Associate Daniel Orosz were promoted to Partners at Baker McKenzie as part of the firm's 2024 promotions round.