Banking/Finance

Romania to Introduce Stricter Compliance Rules for Crypto-Asset Service Providers

Romania’s National Office for the Prevention and Control of Money Laundering has recently published a draft of an Emergency Ordinance amending and supplementing Law no. 129/2019 on the prevention and control of money laundering and terrorist financing (the Emergency Ordinance) in order to harmonise domestic legislation with the provisions of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (the Fifth AML Directive), as amended by Regulation (EU) 2023/113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets (the MiCAR).

Deloitte Legal and Dentons Advise on Grenevia's PLN 850 Million Financing

Deloitte Legal has advised Grenevia on a PLN 850 million financing transaction via a loan agreement with a consortium of Bank Pekao, PKO Bank Polski, and BNP Paribas banks. Dentons advised the banks.

Schoenherr and Wolf Theiss Advise on Volksbank Wien’s EUR 500 Million Issuance and Tender Offer

Schoenherr has advised Danske Bank, Erste Group, ING, Natixis, and UBS, on Volksbank Wien’s invitation to existing holders of their outstanding EUR 400 million 2.75% fixed to fixed tier 2 notes with an interest rate reset date on October 6, 2022 to tender their notes for purchase by the company for cash. Schoenherr also advised the banks on the successful issuance of EUR 500 million 5.5% Volksbank Wien’s subordinated notes issuance. Wolf Theiss advised Volksbank Wien.

Clifford Chance Advises Lenders on Financing of Banie and Ilawa Wind Farms

Clifford Chance has advised the lenders on the refinancing and financing of wind farms in Banie and Ilawa owned by the Energix group. WKB Wiercinski Kwiecinski Baehr reportedly advised Energix.

White & Case Advises on Santander Bank Polska’s PLN 2.463 Billion Share Sale

White & Case has advised Santander Bank Polska and the joint global coordinators and joint bookrunners on the sale of 5.32 million ordinary shares of Santander Bank Polska at PLN 463 per share through an accelerated book-building process announced by Banco Santander.

Closing: NLB'S Acquisition of Summit Leasing Slovenia Now Closed

In September 2024, Kinstellar announced that NLB's acquisition of Summit Leasing Slovenia (as reported by CEE Legal Matters on December 14, 2023) has now closed.

Hoarding Appartments in Croatia: A Buzz Interview with Anja Haramija of Peterka & Partners

Croatia seems to be brink of significant legislative changes that could reshape its real estate and financial landscapes, according to Peterka & Partners Zagreb Senior Associate Anja Haramija, who reports on a new real estate tax targeting property owners and regulations aimed at protecting senior citizens.