SEE Legal Members Worked on Five Deals Shortlisted for the 2018 CEE Legal Matters Deal of the Year Awards

CEE Legal Matters announced the finalists for the CEE 2018 Deal of the Year in 17 CEE countries. The following SEE Legal members have participated in one or more of the five of the shortlisted deals: KALO & ASSOCIATES, BOYANOV & Co., Divjak, Topic & Bahtijarevic, Polenak Law Firm, BDK Advokati and Selih & Partners.

KALO & ASSOCIATES Advising in the Financing of Trans Adriatic Pipeline

KALO & ASSOCIATES acted as local counsel to the lenders in the EUR 3,9 billion financing of Trans Adriatic Pipeline (TAP), the largest project finance agreed for a European infrastructure project in 2018. Read more about the completed project financing on TAP's website.

KG Law Firm Advised the Consortium of Snam, Enagás and Fluxys

Kyriakides Georgopoulos Law Firm is pleased to announce that it advised the consortium composed by Snam, Enagás and Fluxys on over 10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value to fund the acquisition, through Senfluga Energy Infrastructure Holdings, of a 66% stake of the Hellenic Gas Transmission System Operator S.A.

BDK Advokati Advises Lenders on the Financing of the Belgrade Airport Concession

On 21 December 2018, VINCI reached financial close and took over the management of Belgrade Airport Nikola Tesla, marking an important milestone for the project finance market in Serbia. With more than EUR 400 million of loan commitments, it is the country’s largest project financing to date. BDK Advokati acted as Serbian legal counsel to the lenders which included IFC, EBRD, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and Societe de Promotion et de Participation pour la Cooperation Economique SA (Proparco), as well as six commercial banks. The project, with a total cost of close…

Polenak Law Firm Advises EBRD in a EUR 10 million Loan Transaction

Polenak Law Firm acts as local legal counsel to EBRD in a EUR 10 million loan transaction to Sparkasse Banka Makedonija. EBRD provides EUR 10 million loan to Sparkasse Banka Makedonija for on-lending to Macedonian SMEs. Companies will also receive EUR 1.5 million worth of grants from the EU IPA, under the EBRD-run regional Western Balkans SME Competitiveness Support Programme. At least 60 per cent of financing will be invested in sustainable energy improvements by SMEs. More information is available at https://www.ebrd.com/news/2018/ebrd-and-sparkasse-banka-makedonija-will-increase-finance…

The SEE Legal Member Firms Top-ranked by IFLR1000 2019

All ten SEE Legal member firms are highly ranked individually in the 2019 edition of the International Financial Law Review 1000. In total 20 Tier 1 ratings were received by the ten members of the Group, including the following areas of law Financial and corporate, Project development, Banking and finance, M&A, Capital markets. A total of 47 lawyers of all ten SEE Legal member firms were recognised in five categories: Expert consultant (Borislav Boyanov, BOYANOV & Co., Bulgaria, M&A), Market leaders (Perparim Kalo, KALO & ASSOCIATES, Albania (Energy and infrastructure, Project…

BOYANOV & Co. is Advising on the Biggest Deal in Bulgaria

BOYANOV & Co. currently works on the biggest deal in Bulgaria – the concession award procedure for Sofia Airport.

NNDKP at the Corporate Debt Financing for Romanian Entrepreneurs Workshop

On Tuesday, 23 October 2018, NNDKP was a partner at the workshop “Corporate Debt Financing for Romanian Entrepreneurs”, organised by Cornerstone Communications. NNDKP Partners Alina Radu and Valentin Voinescu were invited as speakers and talked about the legal and practical considerations regarding corporate bonds.

KG Law Firm at the NPL EUROPE 2018 Conference

KG Law Firm’s partner, Theodore Rakintzis, participated in the NPL EUROPE 2018 Conference on 13-14 September in London, which was organised by SmithNovak. The firm took part in this event along with Baker McKenzie within the framework of the two firms’ long-standing collaboration and their recent synergies in the NPL market. Theodore presented the new enforcement and restructuring framework in Greece and was a commentator in the Transactions panel. The discussion dealt with Greece's up-to-date transactions and pipeline and the NPE reduction plans of Greek banks. 

At Least Half of the Largest Slovenian Bank to be Sold by the End of 2018

On August 10, 2018, the European Commission issued a new decision in the case of the state aid to Nova Ljubljanska banka ("NLB"), setting a new deadline for the privatisation of the bank and adjusting the catalogue of compensatory measures. In accordance with the new decision, Slovenia is obligated to sell at least 50% plus one share of NLB by the end of 2018 and to further reduce its shareholding to the target share of 25% plus one share by the end of 2019. NLB's shares will be sold in an initial public offering ("IPO") on the Ljubljana and London Stock Exchange. The timetable of the sale will…

Greece Adopts the Long-awaited Law Implementing the 4th EU Anti-Money Laundering Directive

Greek Law 4557/2018, published on 30 July 2018, implements Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Highlights of the new law include:a number of modifications relating to the areas of risk based approach; ongoing monitoring; beneficial ownership; customer due diligence; and politically exposed persons.To learn more, please download the summary of these main features, prepared by SEE Legal’s Greek member KG Law Firm.

Proposal of the Financial Instruments Market Act approved by the Slovenian Government

On 26 July 2018, the Slovenian Government approved the proposal of the Financial Instruments Market Act, as well as the amendments to the Act on Alternative Investment Fund Managers and the Law on Investment Funds and Management Companies, which are closely related in substance to the first law. The main purpose of the Financial Instruments Market Act is to transpose the Markets in Financial Instruments Directive (MiFID II) into Slovene legislation. The proposal regulates, inter alia, the rights of investors, liabilities of investment firms and supervisory institutions. The detailed rules and…