CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In recent years, the European Union has paid special attention to the management of non-performing loans (NPLs), as these loans significantly impact the economic and financial stability of member states. As part of this effort, (EU) Directive 2021/2167 was introduced, which member states were originally required to implement into national law by 29 December 2023. However, in Hungary, the draft law aimed at implementing the directive was only presented to Parliament in March 2025.
Good news for companies seeking to collect debts from Romanian business partners: the Romanian Parliament has recently passed a draft law amending the threshold value for the country's small claims procedure.
Former Home Credit International Chief Legal & Compliance Officer Martin Seda has joined CME as Group Legal and Compliance Director.
Taylor Wessing has promoted Carmen Redmann-Wippel to Partner as part of its latest promotion round.
Papapolitis & Papapolitis has advised Evropi Holdings on the acquisition of a 65% stake in Europa Insurance.
Vernon David has advised Victoriabank and its parent Banca Transilvania Financial Group on the acquisition of Microinvest. Filip & Company reportedly advised Banca Transilvania Group and Victoriabank as well. Turcan Cazac, working with Osborne Clarke, advised the shareholders of Microinvest.
Norton Rose Fulbright has advised Aegon Growth Capital Fund on the sale of a 44% share stake in Phinance. BAB Legal reportedly advised the buyers. GWK Legal reportedly advised the non-selling shareholders.
