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In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

On December 30, 2024, a new European Union crypto-asset regulation, known as MiCAR (Markets in Crypto-Assets Regulation), came into effect. This regulation establishes unified rules for the crypto-asset market and imposes stricter requirements on crypto service providers. Additionally, on July 1, 2024, a new crypto-asset market law came into force in Estonia (krüptovaraturu seadus or KrüTS in Estonian).

Norton Rose Fulbright has advised a consortium of Polish banks including BNP Paribas Bank Polska and mBank on a PLN 321 million (approximately EUR 69 million) financing facility provided to R.Power. Baker McKenzie reportedly advised R.Power.

White & Case's Turkish affiliate law firm GKC Partners has advised a consortium of lenders including Turkiye Is Bankasi, EBRD, Garanti BBVA, and TSKB on a USD 70 million cash facility and a EUR 14.87 million letter of guarantee facility for Polat Enerji.

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