Banking/Finance

New Rulebook on UBO Registration in Montenegro – Key Compliance Deadline Approaching

The Montenegrin Ministry of Internal Affairs recently implemented a Rulebook on Ultimate Beneficial Owner (“UBO”) Registration, effective from 27 July 2024. It introduces significant changes in how legal entities in Montenegro must manage their UBO information as part of the country’s effort to strengthen its fight against money laundering.

CMS Advises IFC on EUR 200 Million Loan for Maistra Hospitality

CMS, working with Herbert Smith Freehills, has advised IFC on its EUR 200 million blue and green sustainability loan loan for Maistra Hospitality. Dentons reportedly advised Maistra Hospitality.

Three New Partners at ZSP Advokati

ZSP Advokati has promoted Jasna Milosavljevic, Jelisaveta Stanisic, and Nikola Sugaris to Partners.

Taylor Wessing Advises Recorde Asset Management and Forestay Group on Moricz Student Living To-Be Building

Taylor Wessing has advised Recorde Asset Management and Forestay Group on the acquisition of a building in Budapest’s Gellert Hill area set to become the Moricz Student Living student residence and office building. Taylor Wessing, working with Kalman & Partners, also advised Recorde and Forstay on the acquisition financing obtained from Hypo Bank Noe.

MMD Advokati and Stanivuk & Manasijevski Advise on Vantage Leasing Sale

MMD Advokati has advised APS Quattro Holding on the sale of Vantage Leasing to Alta Banka. Stanivuk & Manasijevski advised Alta Banka.

KSB and Hillbridges Advises J&T Banka on Centro Nitra Refinancing

Kocian Solc Balastik and Hillbridges have advised J&T Banka on Discovery Group’s Centro Nitra refinancing. DLA Piper reportedly advised Discovery Group.