New European Anti-Money Laundering Regulation
December 2024
Konstantinos Vouterakos, Senior Partner, Apostolos Georgantas, Partner, Despina Korovesi, Associate, and Aikaterini Bitzanaki, Associate
Kyriakides Georgopoulos Law Firm
Introduction
Combating money laundering and terrorist financing is a top priority for the European Union. Recent revelations about money laundering networks and the growing threat of financing terrorist organizations have shown that the issue remains particularly relevant. As a result, the need for a coordinated and stringent approach at EU level appears more imperative than ever. In that context, on 31 May 2024,…
DTB Represented EBRD in EUR 100 Million Worth Cooperation with ZABA for the Financing of Green Projects
December 2024
Our member firm, Divjak Topic Bahtijarevic & Krka, represented the European Bank for Reconstruction and Development (EBRD) in partnership with Zagrebačka banka (ZABA), the leading bank in Croatia and member of the UniCredit Group, in which it provided ZABA with an uncapped unfunded portfolio guarantee of up to EUR 80 million under the European Union’s InvestEU Programme. ZABA thus became the EBRD’s first partner financial intermediary under the InvestEU programme. This financial instrument is designed to cover a newly generated portfolio of loans, and the total value of…
DORA in Action: Insurance and Finance Enhancing Digital Resilience
November 2025
Konstantinos Issaias, Partner, Zaphirenia Theodoraki, Senior Associate, Vasilianna Karakatsani, Associate
Kyriakides Georgopoulos Law Firm
Introduction
With the increasing dominance of digitalization in the operation of Insurance and other financial institutions, Information and Communication Technology (ICT) risk has become integral to their risk profile. It is not strange therefore that it has drawn the attention of international, European and national regulatory authorities with a view to strengthening operational resilience. Nonetheless, divergent legislative frameworks as…
New European Regulation on Instant Payments
October 2024
Konstantinos Vouterakos, Senior Partner, and Despina Korovesi, Associate
Kyriakides Georgopoulos Law Firm
Introduction
In 2017, European payment services providers agreed on a framework for instant credit transfers in euro under the auspices of the European Payments Council. Despite their undisputable practicality and their contribution in facilitating transactions, until today, the uptake of instant credit transfers in euro at EU level has not been high enough to meet the real needs of the market. For this reason, it is considered that a widespread and rapid increase in such…
New Regulations Impacting the Crypto Asset Sector
October 2024
Irem Cansu Demircioglu, Senior Associate, and Yagmur Gundogdu, Trainee Associate
Kolcuoglu Demirkan Kocali Attorney at Law
Law No 7518 on Amendment of Capital Markets Law (the “Law”) has been published on 2 July 2024, and has entered into force on the same date. Upon its enactment, the Law established the procedures and principles applicable to entities in the crypto-asset sector and the services provided by such entities. In this respect, the new regulations introduced by the Law and the principles published by the Capital Markets Board (CMB) following the entry into force…
NNDKP Assisted AAylex One in Connection with a EUR 20 Million Financing Provided by CEC Bank S.A. and Alpha Bank Romania S.A.
August 2024
NNDKP has assisted AAylex One, one of the leading players in the Romanian food industry and the producer of the Cocorico brand in connection with a EUR 20 million loan facility granted by a syndicate of banks. The syndicate of banks included CEC Bank S.A. and Alpha Bank Romania S.A., the facility granted is secured by a guarantee issued by Exim Banca Romaneasca in the name and on behalf of the State.
NNDKP continues to support AAylex One, advising this client in a new financing project on complex aspects related to the structuring, drafting and negotiation of the finance documents…
BOYANOV & Co. Advised UniCredit Bulbank and United Bulgarian Bank on the Financing of the Acquisition by Plastchim-T of Manucor S.p.A, Italy
May 2024
Plastchim-T is a Bulgarian company, that is one of the leading privately owned European manufacturers of biaxially oriented polypropylene films (BOPP), cast polypropylene films (CPP), and flexible packaging products. Manucor is an Italian company founded in 1987 and has grown to become a major biaxially oriented polypropylene (BOPP) manufacturer. The acquisition will expand the existing joint manufacturing capacity up to 200,000 tons annually, strengthen the logistics and distribution network in Europe, as well as allow film lineup by adding a significant base of loyal clients.
The team…
BOYANOV & Co. Advised on the Eurobank’s Financing Deal with Mall Galleria Owners in Bulgaria
April 2024
BOYANOV & Co. advised Eurobank S.A. group on the EUR 61,000,000 general corporate purposes financing of Galleria Burgas EAD and Galleria Stara Zagora EAD, which own and manage two shopping centres in Bulgaria, Mall Galleria Burgas, and Mall Galleria Stara Zagora.
BOYANOV & Co. advised on the Bulgarian legal aspects of the financing, including inter alia, preparation of the relevant Bulgarian security agreements, their execution and perfection, as well as issuing a legal opinion.
Our team was led by Damian Simeonov, Head of the Banking and Finance practice, and included Senior…
NNDKP Assisted a Syndicate of Banks with a EUR 101.5 million Financing to RodBun Group
March 2024
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted a syndicate of banks in providing a loan facility totalling EUR 101.5 to RodBun Group, by refinancing and increasing existing facilities by EUR 37.14 million. RodBun is an integrator of agricultural products and solutions and one of Romania’s most important players in this field.
The syndicate of banks included Banca Comercială Română S.A., as Initial Lead Arranger, Bookrunner, Documentation Agent, Facility Agent, and Security Agent, CEC Bank S.A., Raiffeisen Bank S.A., ING BANK N.V. Amsterdam – Bucharest Branch, as…
DTB advised major Turkish conglomerate Dogus on a EUR 31,2 m club credit facility
February 2024
DTB advised the borrower Zadar Resort d.o.o. and sponsor Dogus Croatia in a transaction where Zadar Resort borrowed EUR 31,2 m from Privredna bank Zagreb d.d. and Croatian bank for reconstruction and development as Mandated Lead Arrangers. The facility will be used for the development of a 5-star luxury hotel in Zadar, which will be under the management of the leading hotel operator Hyatt.
Dogus is one of the largest Turkish conglomerates with a long-standing operation in Croatia in the tourism and leisure industry. The development of the luxury hotel in Zadar is one of the largest…
NNDKP Assists a Syndicate of Banks in Extending USD 150 million Credit Facilities for ALRO SA for Another Three Years
December 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks with the amendment and extension until 2026 of USD 150 million working capital credit facilities for ALRO S.A., one of the largest vertically integrated aluminum producers in Europe, by production capacity.
The syndicate of banks was coordinated by Exim Banca Românească and included Banca Comercială Română SA (BCR), OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania and Banca Transilvania.
NNDKP assisted the banks on the Romanian law aspects throughout the project, advising on the…
NNDKP Assists Impact Developer & Contractor SA in EUR 8 million Corporate Bond Issue
November 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Impact Developer & Contractor SA in connection with a EUR 8 million corporate bond issue. NNDKP was involved in negotiating and concluding the documentation in relation to the bond issue and supported the client throughout the transaction.
The NNDKP team advising on this transaction was led by Alina Radu, Partner and Head of the Banking and Finance practice, who was joined by Alexandru Ciambur, Senior Associate in the same practice.
Impact Developer & Contractor will use the obtained funds to prefinance…
