Sayenko Kharenko has successfully represented seller MHP Food Trading in arbitration proceedings under FOSFA Rules of Arbitration and Appeal against a buyer based in Hong Kong.
CMS Advises Banks on Kernel Loan Postponement
CMS has advised a syndicate of banks led by ING Bank on the postponement of loan payments under the USD 450 million pre-export facility for Ukraine’s Kernel Group. Linklaters reportedly advised the Kernel Group. Allen & Overy reportedly advised Natixis, another lender.
New Year, New Clubs, and New Assets To Trade for Croatia: A Buzz Interview with Miroslav Plascar of Zuric i Partneri
Aside from Croatia entering the Euro and Schengen zones, there have been numerous other legislative updates of note – primarily in the spheres of labor and land rights – according to Miroslav Plascar, Co-Managing Partner of Zuric i Partneri in cooperation with Kinstellar.
KSB and Clifford Chance Advise on J&T Agriculture and Ecology Financing and Acquisition of Spearhead Companies
Kocian Solc Balastik has advised J&T Agriculture and Ecology on its acquisition of 11 companies within Spearhead Czech and Spearhead Slovakia and the related acquisition financing by a banking group led by Komercni Banka. Clifford Chance advised the lenders.
Amendment to the Czech Republic’s Act on Significant Market Power and its Impact on Business Practices
On 1 January 2023, an amendment to the Act on Significant Market Power in the Sale of Agricultural and Food Products and Its Abuse (the “Act”) comes into effect. The amendment significantly expands the Act’s scope both in terms of who is affected as well as the obligations it imposes.
Asters Advises EBRD on EUR 10 Million Financing for Grain Alliance Group
Asters has advised the European Bank for Reconstruction and Development on a EUR 10 million financing for the Grain Alliance Group.
Cobalt and Ellex Advise on HKScan Sale of Baltic Business to Maag Grupp
Cobalt, working with DLA Piper, has advised the HKScan corporation on the sale of its Baltic subsidiaries to the Maag Grupp. Ellex advised the buyer.