PHH Rechtsanwalte, working with firms in Italy and Luxembourg, has advised VTB Bank (Austria) AG on a refinancing transaction for Villa Eden Gardone Srl, a SIGNA group company which has developed a luxury resort at Lake Garda with a five star club house, a landmark building, and seven luxury villas. SIGNA was advised by Arnold Rechtsanwalte, also working with Italian and Luxembourgish firms.
The PHH team was in charge of the Austrian finance documentation and responsible for coordinating Luxembourg and Italian legal advisers. "International project and real estate finance belong to our core competences. We are very pleased to have assisted VTB in this transaction," said Wolfram Huber, head of the PHH Banking & Finance practice group. "The project was challenging since it included not only refinancing but also group restructuring and company transformation aspects," added Annika Wolf, who led PHH's team on the deal.
The Arnold Rechtsanwalte team was led by Bernhard Vetter von der Lilie.
Gianni, Origoni, Grippo, Cappelli & Partners in Italy and MNKS in Luxembourg also advised VTB Bank, while Hager & Partners (Italy) and Arendt & Medernach (Luxembourg) advised SIGNA.
Editor's Note: After this article was published, and at the request of both law firms involved, the specific amount of the refinancing transaction was deleted from the article.
Image Source: villa-eden-gardone.com
