Banking/Finance

Is it Easier to Set-Off Claims in Hungary After Recent Supreme Court Judgment?

Do defendants need to make a formal setoff statement against the creditor’s claim in front of the judge to extinguish the claimant’s claim? Or is it enough to refer informally to an earlier setoff made by them prior to the litigation? A fresh decision of the Hungarian Supreme Court, analysed in this article, gives answer to these questions.

Cvjeticanin & Partners Advises Emma Logistics on EUR 5.2 Million Loan Restructuring

Cvjeticanin & Partners has advised Emma Logistics Serbia on restructuring its EUR 5.2 million in loans from creditors BM Land Cesko and Merkury Market.

CEELM10 Interview: A Decade of Banking in Bulgaria

Schoenherr Partner Tsvetan Krumov talks about the evolution of the banking sector and their role as legal advisors in Bulgaria over the last 10 years.

NNDKP and ZRVP Advise on USD 150 Million Credit Facilities for Alro

Nestor Nestor Diculescu Kingston Petersen has advised a syndicate of banks on the amendment and extension until 2026 of USD 150 million in working capital credit facilities for Alro. Zamfirescu Racoti Vasile & Partners, working with Simmons & Simmons, advised Alro.

Norton Rose Fulbright Advises Eiffel Investment Group on Financing Grid Deposits for Sunly 6-Gigawatt PV Portfolio

Norton Rose Fulbright has advised the Eiffel Investment Group on financing the grid deposits for a 6-gigawatt photovoltaic and battery storage portfolio sponsored by Sunly, in Poland.

BASEAK Advises on QNB Finansbank's Dual Currency Loan

Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki have advised the lenders on QNB Finansbank's dual currency loan including USD 241.5 million and EUR 235.7 million.