New Banking and Financial Leasing Moratorium in Serbia

Author: Jelena Malesevic, BDK Advokati Obligations subject to the moratorium Less than a month after the expiry of the first COVID-19-related moratorium on corporate and retail debt, to Serbian banks and financial leasing companies, the National Bank of Serbia has imposed a new moratorium on payment obligations owed to banks under banking products (such as loans, overdrafts, credit cards, hedge instruments such as interest rate swaps, and bank guarantees) and financial leasing companies. The moratorium does not apply to payment obligations arising under banking services such as payment…

COVID-19 Related Payment Moratorium on Financings in Bulgaria

The COVID-19 pandemic has multiple effects on the economy. Many businesses struggle to survive and are or may become unable to service their bank debt in the same way as they did before the outbreak of the pandemic. Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.

Slovenian Mandatory Moratorium on Bank Loans

On 20 March 2020 the Slovenian Parliament adopted an emergency law (Zakon o interventnem ukrepu odloga plačila obveznosti kreditojemalcev - ZIUOPOK) concerning mandatory moratoriums to be approved by Slovenian banks to Slovenian borrowers at their request, with a view of preventing substantial damage to the economy and maintaining financial stability.


BOYANOV & Co. Advised Valea Foundation on the Acquisition of Important Minority Package in First Investment Bank

BOYANOV & Co.'s M&A and corporate partner Yordan Naydenov advised Valea Foundation on all Bulgarian law aspects of the acquisition of a minority package in the capital of FIBank.

Maric & Co Advised the EIB

Branko Maric, managing partner at Maric & Co Law Firm, acted on behalf of the European Investment Bank in respect of a loan granted to a local bank in Bosnia and Herzegovina

Amendments to Banking Law, Capital Markets Law and Related Laws and Regulations

The Law on the Amendments to the Banking Law and Certain Laws numbered 7222 (the “Amendment Law”) was published in the Official Gazette numbered 31050 and dated 25 February 2020. The Amendment Law introduces novelties to the Banking Law, Capital Markets Law, Law on Financial Leasing, Factoring and Financing Companies and Law on Debit Cards and Credit Cards.

Opening of a Bank Account in Albania: Physical Presence of the Client no Longer Required

With the recent amendments introduced in the banking Regulation on Prevention of Money Laundering and Terrorism Financing (No. 44/2009), the Bank of Albania has abrogated the restriction of opening of a bank account only upon the physical presence of the Client.

SEE Legal Banking and Finance Practice Group Visited Frankfurt

Twelve SEE Legal banking and finance partners representing the 10 law firms and 12 SEE jurisdictions attended meetings with colleagues of some of the largest international and local German law firms on 17-19 September 2019 in Frankfurt.

SELIH & PARTNERJI Law Firm Advises on Don Don Debt Refinancing

The Don Don Group, a lead regional industrial bakery with eleven production plants in Slovenia, Croatia and Serbia, and selling also to the markets of Bosnia and Herzegovina, Montenegro, Bulgaria and Albania, has undergone a EUR 36 million cross-border syndicated debt refinancing. SELIH & PARTNERJI Law Firm assisted Don Don as the borrower as well as one of its shareholders KJK Fund II. Mia Kalas, partner and head of the firm’s Banking & Finance practice, led the transaction, with the assistance of senior associate Nika Bosnic.