CMS Hungary Partner Katalin Horvath and CMS Austria Partner Stefan Paulmayer discuss the implications of central bank digital currencies (CBDCs) and the evolving landscape of digital payments in Europe.

On June 15, 2024, the long-awaited Act on the Judicial Protection Procedure for Former Holders of Qualified Liabilities of Banks (ZPSVIKOB 1) entered into force in the Republic of Slovenia.

Clifford Chance has advised UKEF and Standard Chartered Bank on the UKEF and KUKE-covered green financing of EUR 249 million for Kaylon Enerji.

Koutalidis has advised Aegean Motorway on refinancing its debt of over EUR 400 million.

Clifford Chance has advised KKCG's IT pillar on the integration of the acquisition debt, following the acquisition of Avenga Group, into the group's umbrella financing.

The Parliament of the Republic of Serbia recently adopted amendments to the Law on Payment Services (“Law”) that will start to apply from 6 May 2025 (“Amendments”). By the Amendments, the Law is harmonised with the EU’s PSD2. The key goal of the Amendments is the enhancement of innovations on the market and securing increased competition and transparency in the area of payment services, as well as better protection of payment services users and payment security. Below we provide an overview of the main novelties brought by the Amendments.