CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Amid reports of substantial volumes of foreign exchange proceeds going unreceived under certain export transactions, the National Bank of Ukraine (NBU) has taken steps to shorten the mandatory settlement deadlines for the export of certain agricultural products.
Divjak Topic Bahtijarevic & Krka has advised Hungary-based fruit and tree nut farming company Apple Heaven on the purchase of shares in Rabo.
Brandl Talos has advised Telos Impact on leading the EUR 12 million series A financing round of Kern Tec. Schoenherr advised EIC.
Sayenko Kharenko has advised the EBRD on its USD 30 million secured financing to Ukrainian agro-industrial holding Astarta.
Czabanski & Galuszynski has advised HiProMine on a EUR 32 million financing for the construction of a new production plant and insect genetics center from Bank Gospodarstwa Krajowego. Dentons advised BGK and the KUKE state export credit agency.
Cobalt has successfully represented Lithuanian poultry farm Gireles Paukstynas before the Supreme Court of Lithuania in a dispute with insurer Lietuvos Draudimas regarding the insurer's refusal to recognize the state-mandated slaughter of sick birds as an insured event.
The world’s population is on the rise, increasing the demand for food. The United Nations estimates that the world population will reach 9 billion people in approximately 15 years; by 2050, it is expected to reach 10 billion people. This means there will be an additional two billion people to feed, necessitating farming and food production to become more efficient.
