On December 14, 2023, Walless announced the merger of the retail businesses of Invalda INVL and Siauliu Bankas (reported by CEE Legal Matters on November 29, 2022) had closed.

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

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.

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 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.