KSB has advised J&T Banka on the refinancing of the Fidurock Group, with the value of the financing obtained potentially reaching up to CZK 1 billion.

Balicki Czekanski Gryglewski Lewczuk has advised Bank Pekao on the financing provided for United Beverages’ acquisition of an 80% stake in the Dom Whisky Group (as previously reported by CEE Legal Matters on September 28, 2023).

MJH Moskwa Jarmul Haladyj has advised the majority shareholder of LPP and its subsidiaries on obtaining over PLN 330 million in financing from BNP Paribas Bank Polska to refinance and consolidate existing debt.

Cerha Hempel, working with the Italian offices of K&L Gates, has advised the EBRD on the sale of a 15% stake in Erste Bank Hungary to the Erste Group Bank. Addleshaw Goddard reportedly advised the Erste Group Bank.

On December 14, 2023, Walless announced the merger of the retail businesses of Invalda INVL and Siauliu Bankas (reported by CEE Legal Matters on November 29, 2022) had closed.

Do defendants need to make a formal setoff statement against the creditor’s claim in front of the judge to extinguish the claimant’s claim? Or is it enough to refer informally to an earlier setoff made by them prior to the litigation? A fresh decision of the Hungarian Supreme Court, analysed in this article, gives answer to these questions.