CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The decision of the U.S. Securities and Exchange Commission (SEC) on January 10 has stirred significant attention, as it granted approval for the listing of certain products based on Bitcoin on the stock exchange. The impact of this decision on the European and American securities markets, and whether similar steps will be taken, depends largely on the details – including the names assigned to cryptocurrency-based products.
Filip & Company has advised Romania's RCS & RDS on signing two export credit facility agreements totaling EUR 117.16 million for the acquisition of goods and services to develop its telecom networks in Romania and Portugal and advised its Digi Spain Telecom subsidiary on a EUR 50 million uncommitted and unsecured credit facility agreement.
DWF has advised CDRL on the process of obtaining compensation from a direct investment insurance contract in Belarus worth PLN 18 million.
Paksoy, working with Mayer Brown, has advised Turk Ekonomi Bank on its EUR 100 million issuance of tier 2 notes due 2034, invested by the International Finance Corporation. Gedik & Eraksoy, working with Allen & Overy Shearman, reportedly advised the IFC.
Norton Rose Fulbright has advised PKO Bank Polski on its financing for the construction of a 40-megawatt PV portfolio including 43 projects managed by SUNfarming. Roedl & Partners, working with Bird & Bird's German office, reportedly advised SUNfarming.
CMS has advised R.Power Renewables on the up to PLN 190 million financing by Powszechna Kasa Oszczednosci Bank Polski for the construction of a photovoltaic portfolio with a total capacity of about 59 megawatts. Dentons advised the bank.
Kinstellar has advised the United Bulgarian Bank on its merger with UBB Factoring.
