Sayenko Kharenko has advised the Export and Investment Fund of Denmark and additional banks on a EUR 370 million project finance facility for the expansion of DTEK’s Tyligulska wind farm.
A&O Shearman and Gedik & Eraksoy Advise Joint Bookrunners on Turkiye Is Bankasi’s USD 500 Million Additional Tier 1 Bond
Allen & Overy Shearman Sterling and its Turkish affiliate Gedik & Eraksoy have advised the joint bookrunners on Turkiye Is Bankasi’s debut international Additional Tier 1 bond issuance, raising USD 500 million.
Sullivan & Worcester Advises EBRD on Participation in Akbank SCF Program
Sullivan & Worcester has advised the European Bank for Reconstruction and Development on its unfunded risk participation in Turkiye’s Akbank SCF program. Allen & Overy Shearman Sterling's Turkish affiliate law firm of Gedik & Eraksoy reportedly advised the EBRD as well.
Trade Debt Recovery in North Macedonia
Recovering trade debts in North Macedonia can be challenging, especially when maintaining ongoing commercial relationships with local debtors. The recovery process entails a business creditor attempting to collect payment for an unpaid invoice for goods or services provided to a local customer who is legally obligated to pay what they owe.
KPS, Vukina & Partners, Tus and Grzic, and Mamic, Grgic, Vinter Advise on Mlin i Pekare's Reverse Takeover of Cakovecki Mlinovi
Kovacevic Prpic Simeunovic has advised Mlin i Pekare on its reverse takeover of Cakovecki Mlinovi. Vukina & Partners advised OTP Bank, which financed the transaction. Tus and Grzic advised PBZ Croatia Osiguranje on the sale of its stake. Mamic, Grgic, Vinter advised the management board of Cakovecki Mlinovi. Pesut, Matic, Galekovic, and Zgombic reportedly advised the sellers of the initial stake in Cakovecki Mlinovi. Gugic, Kovacic & Krivic reportedly advised AZ, a pension management company that sold its stake in Cakovecki Mlinovi.
Czech Act on Digitalization of the Financial Market
On December 6, 2024, the Chamber of Deputies of the Czech Republic approved the Act on Digitalisation of the Financial Market (ZDFT), which represents an important step in adapting the Czech legal framework to European regulations in the area of digital financial markets.
Ukraine’s Financial Market Resilience in 2024
In 2024, the financial market in Ukraine has remained resilient and stable even though the Russian full-scale military aggression against Ukraine approaches its third anniversary. This has been possible due to the continuing financial support coming from Ukraine’s allies and international donors. Notably, G7 leaders have recently announced a USD 50 billion lending package for Ukraine to be repaid with revenues from Russian frozen assets.