Wolf Theiss has advised Banca Comerciala Romana on its EUR 700 million issuance of fixed to floating senior non-preferred green eurobonds due 2027, under a multi-issuer EMTN program.

Lakatos Koves & Partners, working with Clifford Chance, has advised Hungary's Eximbank Zrt on its USD 1.25 billion offering of 6.125% notes due 2027. Kinstellar, working with Latham & Watkins, advised the joint lead managers.

Souriadakis Tsibris has advised the Lappas family on the EUR 18.74 million sale of their stake in KLM S.A. to Intracom Holdings subsidiary Intracom Properties. Papapolitis & Papapolitis advised the buyer.

Wolf Theiss, working with Milbank, has advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion.

Starting on 22 May 2023, it will be possible to establish and register family foundations in Poland. The Polish legal system will thus be expanded by a new institution that allows assets to be accumulated and managed, and profits to be distributed to beneficiaries. The legislature wished to provide the means for family-owned businesses and their owners to engage in intergenerational wealth management and to grow their wealth over time while protecting it from dispersal to unrelated entities and persons. Hence, family foundations may serve as a means to retain and multiply a family's wealth, independent of inheritance law.

Contributed by Deloitte Legal.