The National Bank of Hungary (NBH) introduced a new guideline No. NBH's 9/2024, also known as the ESG (Environmental, Social and Governance) Guideline. This initiative aims to help financial institutions incorporate sustainability considerations into their risk management processes. The Guideline seeks to standardise the collection and assessment of ESG information, thereby enhancing predictability in legal compliance and reducing administrative burdens for businesses applying for credit.
Clifford Chance Advises CSOB on Financing of OAMP Infrastructure and Distribution
Clifford Chance has advised Ceskoslovenska Obchodni Banka on the financing of OAMP Infrastructure and OAMP Distribution.
Kyriakides Georgopoulos Advises ACG and Castlelake on Aircraft Sale
Kyriakides Georgopoulos has advised Aviation Capital Group and Castlelake on the sale, transfer, and lease novation of one Airbus A320-214 aircraft under lease to Greek airline Sky Express, from ACG to Castlelake.
Wolf Theiss Advises RBI on Tender Offer and EUR 500 Million Tier 2 Notes Issuance
Wolf Theiss, working with Freshfields Bruckhaus Deringer, has advised Raiffeisen Bank International on its invitation to existing holders of its outstanding EUR 500 million subordinated callable fixed-to-fixed rate reset notes due March 2030 to tender their tier 2 notes for purchase by the company and its role as issuer of the EUR 500 million subordinated callable fixed-to-fixed rate reset notes due January 2035. White & Case reportedly advised the banking consortium involved.
A&O Shearman Advises Bank Millennium on EUR 500 Million Green Bond Issuance
A&O Shearman has advised Bank Millennium on its issuance of EUR 500 million 5.308% green senior non-preferred callable fixed to floating interest rate notes due 2029. Clifford Chance reportedly advised joint lead managers BNP Paribas, Erste, Millennium BCP, Morgan Stanley, and UniCredit.
Reff & Associates Advises Blik Romania on NBR Payment System Authorization
Deloitte Legal Romanian affiliate Reff & Associates has advised Blik Romania on obtaining authorization for the Blik Romania payment system from the National Bank of Romania. Deloitte Legal Poland reportedly advised on the matter as well.
Schoenherr Advises Uniqa on Withdrawal from Russia Via Sale of Share in Raiffeisen Life
Schoenherr has advised Uniqa on the sale of a 75% share in the Russian life insurance company Raiffeisen Life to Russian insurer Renaissance Life.