News
An Alternative Financing Tool: Convertible Bonds
Given the current macroeconomic outlook and the solid impacts of COVID-19 on the Turkish market, it has become much harder for Turkish companies to satisfy their financing needs by accessing conventional financing sources with lower interest rates. Convertible bonds may be considered as an attractive financing instrument for these companies and become an alternative path to raise capital.
New Consolidated Insolvency Draft Law to be Presented Shortly to the Parliament in Greece
Following preparation during the last several months, a new draft bill has been put in public consultation in September 2020.
KG Law Firm Represents Frigoglass Group
KG Law Firm has represented the global ICM and Glass manufacturer, Frigoglass Group in the refinancing of its group debt through the issuance and offering of EUR 260 million high yield notes.
Theodore Rakintzis, partner, led the legal team of the firm in this transaction supported by partner Panagiotis Pothos (Tax), senior associate Meletios (Alkis) Andrianos (Finance & Capital markets), associate Loukas Panetsos (Tax) and junior associate Anna-Maria Papamichalopoulou (Finance & Capital markets).
COVID-19
Emergency Rules on the Issuance of “Corona Bonds” in Serbia
The Government of Serbia adopted on 10 April 2020 the emergency Decree on the Procedure for Issue of Debt Securities (“Decree“), which provides for the simplification of the current regime regarding public offerings of debt securities by Serbian companies on the territory of Serbia.
Amendments to Slovenian Mandatory Moratorium on Bank Loans
On 2 April 2020, the Slovenian Parliament adopted the so-called Mega COVID-19 Law which amends the Slovenian emergency law concerning mandatory moratoriums on bank loans and introduces certain additional measures concerning enforcement and bankruptcy procedures which are important for creditors and debtors.
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.
