Captive insurance has experienced significant growth globally in recent years, driven by hard market conditions, emerging risks and increased volatility. Statistics reveal a steady increase in the number of captives over the past four years, rising from 5,879 in 2020 to 6,181 by the end of 2023, according to the Captive Managers and Domiciles Rankings + Directory 2024 published by Business Insurance.[1] Captive insurance companies are also increasingly used by Forbes 1000 and Fortune 500 companies to manage complex and emerging risks.

White & Case’s Turkish affiliate GKC Partners has advised Yapi Kredi on the restructuring of the financial indebtedness of seven Turkish shopping malls belonging to the Forum AVM Group, in tandem with the Kucukler Holding and VK Holding acquisition of a 40% stake in the group. Unsal Attorney Partnership advised Kucukler Holding.

Vlasceanu & Partners has advised Ecoenergy's Romanian subsidiary Heliolux on obtaining EUR 38 million in project financing from Raiffeisen Bank International for the 92-megawatt Parau photovoltaic solar project. CMS reportedly advised Raiffeisen Bank.

Clifford Chance has advised Nord/LB as the lender on the financing of OX2’s 100-megawatt Rutki Solar Farm in southwestern Poland. Allen & Overy Shearman Sterling reportedly advised OX2.

Sayenko Kharenko has advised the Export and Investment Fund of Denmark on a EUR 3.17 million loan facility to Ristone Holdings.

SKJB Szybkowski Kuzma Jelen Brzoza-Ostrowska has advised Lublin East on securing a loan to refinance completed warehouse facilities and finance the final stage of the 7R Park Lublin logistics park.