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https://seelegal.org/wp-content/uploads/2021/09/vd.jpg 910 1366 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-09-03 09:45:362021-09-03 09:46:54DTB Assisted Villa Dubrovnik in the acquisition of D-Resort Sibenik
Dogus Croatia (Croatian subsidiary of one of the largest private-sector conglomerates in Turkey) and Martimus B.V. completed the sale of a majority stake in Villa Dubrovnik to Erste Pension Fund. Villa Dubrovnik (a company listed on Zagreb Stock Exchange) operates a five-star hotel in Dubrovnik and is the owner of another luxury hotel, namely, D-Resort Sibenik. The transaction is perceived as one of the most notable in the tourism sector in 2021 due to the volume of the deal and the fact that Villa Dubrovnik is one of a handful of luxury hotels on the Adriatic coast with huge popularity among…
https://seelegal.org/wp-content/uploads/2021/08/Stire-BCR-Rodbun-2021_EN.jpg 598 1200 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-08-31 08:15:352021-08-31 08:24:25NNDKP assists a syndicate of banks in connection with a new 278 million lei financing granted to Rodbun Group
Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted a syndicate of banks consisting of Banca Comerciala Romana (as mandated lead arranger, bookrunner, documentation agent, facility agent, security agent, and lender), CEC Bank (as mandated lead arranger and lender), Raiffeisen Bank (as mandated lead arranger and lender), Banca Transilvania and Banca Romaneasca (as lenders), in connection with new financing of lei 278 million (approximately EUR 56,3 million) granted to Rodbun Group, one of the leading agri-business companies in Romania. Rodbun is a fully Romanian-owned integrator…
https://seelegal.org/wp-content/uploads/2021/08/Stire-Aaylex-expansiune_EN_FINAL.jpg 627 1200 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-08-25 11:25:402021-08-25 15:57:50NNDKP Assists in Relation to Complex Finance and Corporate Aspects
During the first part of 2021, AAylex Group, one of the leading Romanian players in the food industry, finalized the acquisition of Banvit, the local subsidiary of the Brazilian giant, BRF, through a transaction that represented a premiere on the domestic market. The project prompted yet another premiere for the Romanian business environment, with the acquisition being financed by CEC Bank and EximBank. The success of this transaction reconfirms the business model pursued by the AAylex Group which continues its plans to consolidate and streamline its activities. To this end, the group has launched…
https://seelegal.org/wp-content/uploads/2021/08/scott-graham-5fNmWej4tAA-unsplash.jpg 4912 7360 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-08-24 13:14:332021-08-26 13:50:55BOYANOV & Co. advised J.P. Morgan and Wilmington Trust on the accession of a Bulgarian subsidiary of Alvogen in two facility agreements
BOYANOV & Co. advised J.P. Morgan and Wilmington Trust in their capacity as Agent and Security Agent in relation to the accession of the Bulgarian entity Alvogen Pharma Trading Europe EOOD as additional guarantor to loan agreements of a total amount of more than EUR 2 bln. The company is part of the Alvogen group – a global privately owned pharmaceutical company focused on developing, manufacturing, and selling generic, brand, over-the-counter (OTC), and biosimilar products for patients around the world, whose CEE business was acquired in 2019 by Zentiva. BOYANOV & Co. advised the Agent…
https://seelegal.org/wp-content/uploads/2021/07/counting-3125587_1920.jpg 1079 1920 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-07-28 13:39:322021-07-28 14:40:53BOYANOV & Co. Advised J.P. Morgan on the Financing of CEZ Bulgarian Business’ Acquisition by Eurohold
BOYANOV & Co. advised J.P. Morgan AG (as Initial Mandated Lead Arranger), BNY Mellon Corporate Trustee Services Limited (as General Security Agent), and DSK Bank AD (as Bulgarian Security Agent) on EUR 360 million facilities to Eastern European Electric Company B.V. (an indirect subsidiary of Eurohold Bulgaria – a major Bulgarian listed holding company) financing the acquisition of a group of seven targets in Bulgaria, among which the electricity distribution utility companies in North-West Bulgaria from CEZ a.s. (the Czech Republic). The acquisition is the biggest transaction in the Bulgarian…
https://seelegal.org/wp-content/uploads/2021/07/shutterstock_1788284000.jpg 3431 7300 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-07-27 10:48:082021-07-27 10:49:22Are your Third-Party Arrangements Compliant with EBA Outsourcing Guidelines already?
Authors: Svetlina Kortenska and Atanas Grigorov Are you a compliance professional at a credit institution, a payment institution and electronic money (e-money) institution, or a third-party provider to such institution? If so, have a quick look at this compliance reminder with a view of the forthcoming deadline on 31 December 2021. On 30 September 2019, the European Banking Authority’s (“the EBA”) revised guidelines regarding outsourcing arrangements (“the Outsourcing guidelines” or “the Guidelines”) entered into force. Pursuant to the Guidelines, regulated institutions will…
https://seelegal.org/wp-content/uploads/2021/07/finance-4858797_1920.jpg 1267 1920 Elitsa Maneva https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Elitsa Maneva2021-06-29 11:51:472021-07-08 11:54:08BOYANOV & Co. Advised OTP Bank Plc and DSK Bank AD on a Club Deal Financing of MET Renewables AG
BOYANOV & Co. advised OTP Bank Plc (Hungary) and DSK Bank AD (its Bulgarian subsidiary) on a EUR 27.6 million club deal financing of MET Renewables AG (Switzerland) for the acquisition from Enel (Italy) of a 42MW wind park in Northeast Bulgaria (one of the first and largest wind power plants in Bulgaria). MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power, focused on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets. BOYANOV & Co. acted as Bulgarian legal counsel…
https://seelegal.org/wp-content/uploads/2021/07/One_Header.png 281 627 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2021-06-29 10:18:192021-07-02 22:48:18BOYANOV & Co. and KALO & ASSOCIATES Advised Albania Telecom Invest and One Telecommunications SHA
BOYANOV & Co. and KALO & ASSOCIATES advised Albania Telecom Invest and One Telecommunications SHA on the refinancing of a EUR 48.5 million acquisition loan from First Investment Bank used by ATI in 2019 to acquire a controlling stake in One from OTE.
https://seelegal.org/wp-content/uploads/2021/07/logistics-cenrter.jpg 666 1000 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2021-06-29 01:14:552021-07-02 03:28:36DTB Advised M7 Real Estate in Croatian Acquisitions
Divjak, Topic, Bahtijarevic & Krka advised the Croatian subsidiary of M7 Real Estate with respect to the acquisition of two modern urban logistics assets in Zagreb.
https://seelegal.org/wp-content/uploads/2021/07/windfarm.jpg 664 1000 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2021-06-23 07:57:522021-07-02 08:45:58Polenak Law Firm Advised on the Largest Privately Owned Local Investment in Renewable Energy in North Macedonia
Polenak Law Firm advised Thor Impex DOOEL Skopje and its owners in the largest privately owned local investment in renewable energy in North Macedonia, a 36MW wind farm Bogoslovec.
https://seelegal.org/wp-content/uploads/2021/07/E-money.png 666 1000 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2021-06-15 00:55:202021-07-02 01:09:17BOYANOV & Co. Advised Econt Financial Services in Obtaining E-money Institution Licence from the Bulgarian National Bank
On 10 June 2021, the Governing Council of the Bulgarian National Bank granted an e-money institution licence to Econt Financial Services EOOD.
https://seelegal.org/wp-content/uploads/2021/07/cryptocurrencies.jpg 666 1000 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2021-06-06 22:31:002021-07-01 22:49:50Current Developments in Crypto Assets
Authors: Gulce Gurdal and Can Baykut On 16 April 2021, Turkey published its first regulation regarding the use of crypto assets in payments, the Regulation Prohibiting the Use of Crypto Assets in Payments (the "Regulation") by the Central Bank of the Republic of Turkey. Accordingly, crypto assets are defined as "intangible assets created virtually by using the distributed ledger technology, or a similar technology that is distributed through digital networks, and are not qualified as fiat money, bank money, electronic money, payment instrument, security, or any other capital market instrument.”…