CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
E+H, working with Simpson Thacher & Bartlett, Gleiss Lutz, Loyens Loeff, and Linklaters, has advised the Takko Fashion group on its financial restructuring and refinancing transactions that saw its bondholders acquiring a majority stake in the group. Freshfields Bruckhaus Deringer, working with Arendt & Medernach, advised the ad hoc group of noteholders.
Schoenherr Attorney at Law Matej Crnilec has become a new Local Partner in the firm’s Slovenian office.
Sayenko Kharenko has advised the EBRD on its EUR 50 million loan to Ukrainian state-owned Ukreximbank, under the Resilience and Livelihoods Framework, to support companies and municipalities affected by Russia’s war on Ukraine.
Djingov Gouginski Kyutchukov & Velichkov has advised ICBC International Finance Limited on a USD 66.22 million ship financing extended to the Navibulgar group. Stephenson Harwood reportedly advised Navibulgar.
Sayenko Kharenko has advised the European Bank for Reconstruction and Development on its EUR 25 million loan to the city of Dnipro under the Resilience and Livelihoods Framework.
Clifford Chance has advised CTP on the financing for its industrial parks in Slovakia from a banking club including Erste Group Bank and Slovenska Sporitelna. White & Case reportedly advised the lenders.
In business life parties often use promissory notes to secure transactions since these instruments allow creditors to get back their money rapidly and easily. What special regime applies to promissory note litigations in Hungary? This article summarises the Hungarian promissory note litigation regime.
