Kinstellar has advised BIG Mega Renewable Energy on a EUR 92 million financing agreement with the European Bank for Reconstruction and Development and OTP Bank to build and operate the 102-megawatt Urleasca wind farm in Braila county, Romania. Clifford Chance reportedly advised the banks.
Building with Blockchain in CEE: A CEE Legal Matters Round Table
On March 26, 2024, TMT/IP, fintech, and emerging technology experts from Hungary, Romania, and Turkiye sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Neag to discuss how Blockchain-related technologies, businesses, and legislation are shaping up in their jurisdictions.
New NBU’s Steps for Currency Control Liberalisation
On 4 May 2024, new amendments to Regulation of the Board of the National Bank of Ukraine “On the Operation of the Banking System during the Period of Martial Law” No. 18, dated 24 February 2022, came into effect. Such amendments aim to further ease relevant currency control restrictions, including (i) lifting all currency restrictions on imports of works and services, (ii) permitting businesses to repatriate “new” dividends, (iii) easing restrictions on repayment of “new” foreign loans, (iv) allowing payment of interest on “old” foreign loans, and (v) allowing to transfer funds abroad under leasing/rental agreements.
Boyanov & Co Advises UniCredit and UBB on Financing Plastchim-T's Acquisition of Manucor
Boyanov & Co, working with Gianni & Origoni, has advised UniCredit Bulbank and the United Bulgarian Bank on their financing for Plastchim-T's acquisition of Manucor.
Clifford Chance Advises on Oriens' Acquisition of Hruska
Clifford Chance has advised Ceskoslovenska Obchodni Banka and Ceska Sporitelna on the financing for Oriens group member Central European Retail Holding's acquisition of the Hruska retail chain through the full acquisition of Hruska and Sempronemo. Clifford Chance also advised Oriens on the acquisition transaction.
KLC Advises Lightsource BP on PV Project Financing in Greece
Kyriakides Georgopoulos has advised Lightsource BP on the financing-related land and regulatory due diligence of a PV project in Greece with a capacity of 560 megawatts and a budget of EUR 395.15 million in the areas of Larissa and Fthiotida.
Glatzova & Co Advises Pale Fire Capital on License from Czech National Bank
Glatzova & Co has helped Pale Fire Capital obtain a license from the Czech National Bank for an investment company authorized to exceed the so-called "decisive limit."