White & Case has advised a consortium of financial institutions on their up to PLN 1.57 billion financing – including a term loan, an investment loan, and a revolving credit facility – granted to Emitel. Clifford Chance advised Emitel.

Former Deloitte Legal Managing Associate Adam Boross has joined Jalsovszky as its new Head of the Banking and Finance group.

Lithuania hopes for the best and prepares for the worst by further tightening its banking and fintech regulations, following the latest decisions and position papers issued by the supervisory authority. Despite talks of a recession, the banking and finance market remains active, according to Cobalt Partner Akvile Bosaite.

One of the main recent buzzwords in Moldova is AML compliance at the convergence of securities and banking which strictly follows the recommendations of the report from the fifth evaluation round of the MONEYVAL Committee of the Council of Europe, in order to transpose the provisions of Directive 2018/843 of the European Parliament and of the Council of May 30, 2018, as well as updated provisions of the Financial Action Task Force Recommendations.

Sayenko Kharenko, working with the London office of Herbert Smith Freehills, has advised the IFC on two EUR 20 million risk-sharing facilities for OTP Bank and OTP Leasing in Ukraine.

Norton Rose Fulbright has advised Eko-Okna on a PLN 1.6 billion financing made available by a consortium of Polish banks for the expansion of its activities and the development of its manufacturing plants. Clifford Chance reportedly advised the lenders.