Amendments to the Capital Movements Circular
May 2025
The Banking and Finance team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Amendments to the Capital Movements Circular”.
You may read the firm’s new client alert here.
NNDKP Assisted MedLife in Increasing its Syndicated Loan by EUR 50 Million
April 2025
Our member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted MedLife, the largest private healthcare network in Romania and the only company with Romanian capital listed on the Stock Exchange, in increasing its syndicated loan by up to EUR 50 million, thus reaching a total of EUR 330 million.
The syndicate of banks that granted the loan includes Banca Comercială Română (BCR), Raiffeisen Bank, BRD Groupe Société Générale, Banca Transilvania and ING Bank N.V. Amsterdam Bucharest Branch.
MedLife will use the new funds to complete its ongoing projects and to continue…
Recent Amendments to the Legislation regarding the Protection of the Value of Turkish Currency
March 2025
The Banking and Finance team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Recent Amendments to the Legislation regarding the Protection of the Value of Turkish Currency”.
You may read the firm’s new client alert here.
Amendment to the Use of Foreign Currency Under Movable Sale Agreements
March 2025
Our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Amendment to the Use of Foreign Currency Under Movable Sale Agreements”.
You may read the firm’s new client alert here.
Travel Rule in Crypto Assets Has Entered into Force
February 2025
The Capital Markets team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Travel Rule in Crypto Assets Has Entered into Force”.
You may read the firm's new client alert here.
Certain Restrictions on Loan Utilisation Have Been Abolished
February 2025
The Banking and Finance team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert "Certain restrictions on loan utilisation have been abolished".
You may read the client alert here.
Kalo & Associates Advised EBRD in Transaction with Raiffeisen Bank Kosovo
January 2025
Our member firm Kalo & Associates has advised the European Bank for Reconstruction and Development in its transaction with Raiffeisen Bank Kosovo (RBKO), the largest commercial bank in Kosovo, under the Norway Western Balkans Growth Support Program. This regional initiative aims to enhance access to finance for small and medium-sized enterprises (SMEs) through an unfunded portfolio guarantee of up to EUR 25 million. With this transaction, RBKO becomes the first EBRD partner financial intermediary in a loss risk cover arrangement under the program.
Through this partnership,…
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,…
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…
KALO & ASSOCIATES Advised on a EUR 110 Million Syndicated Loan
October 2024
Our member KALO & ASSOCIATES has advised on a EUR 100 million syndicated loan, led by Raiffeisen Bank Albania, the proceeds of which will be used to strengthen Albania's renewable energy infrastructure through the construction of three new hydropower plants by Ayen As Energji Sha. The loan represents the largest syndicated loan financed by local banks operating in Albania.
KALO & ASSOCIATES's team was led by Aigest Milo, Co-Managing Partner, and also included Partners Olsi Coku and Oltjon Dano, Armando Toslluku, Special Counsel, and Frensis Nakuci, Senior Associate.
Another…
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…
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…
