Integrites, working with Holman Fenwick Willan, has advised Nibulon on reprofiling a USD 80 million pre-export credit facility extended by a syndicate of banks, including ING Bank NV, Credit Agricole CIB, the European Bank for Reconstruction and Development, and FMO, the Dutch entrepreneurial development bank. CMS advised the lenders.

Ellex has advised agricultural services cooperative society Latraps on an agreement with Pfeifer & Langen International to develop an ASNS ingredient pea protein isolate plant in Jelgava.

Sayenko Kharenko has advised the Export and Investment Fund of Denmark on a EUR 12.8 million secured term loan facility to Nibulon Agricultural.

Vasil Kisil & Partners has successfully represented Rost Agro in a UAH 33 million tax dispute before the Court of Appeal.

Kinstellar has advised the majority shareholders of Agrotex on the sale of a significant stake to Promat Comimpex. PNSA reportedly advised Promat Comimpex.

A recent legislative amendment to Law no. 17/2014, concerning certain measures regulating the sale of extra muros agricultural land, which also amends Law no. 268/2001 on the privatisation of companies managing public and private state-owned agricultural land and the establishment of the State Domains Agency (“Law 17”), has been proposed in the Romanian Senate. This amendment aims to introduce a new category of pre-emptors: owners of land adjoining extra muros arable land, regardless of the location within or outside city limits and regardless of the land use category.