Banking/Finance

Country Update-Poland: Crypto-asset Regulation

The crypto-assets sector — which includes unbacked and asset-stabilised digital currencies, securities tokens, utility tokens, non- fungible tokens and services related to them — has potential benefits, but is turbulent. During 2022, it experienced valuation plunges, a stablecoin's collapse, the exchange FTX's bankruptcy and concerns about decentralised finance (DeFi) arrangements.

BD2P Launches Milica Pesteric-Helmed ESG Department

Bojovic, Draskovic, Popovic & Partners has announced the launch of its Environmental, Social, and Governance department led by Partner Milica Pesteric.

Glatzova & Co Advises KBC Bank on Acquisition of 50% Stake in Digital & Legal

Glatzova & Co has advised the KBC Bank on its acquisition of a 50% stake in ESG scoring and reporting start-up Digital & Legal.

Moral, Kinikoglu, Pamukkale, Kokenek Advises on Sale of Univera to Param

Moral, Kinikoglu, Pamukkale, Kokenek has advised the shareholders of Univera on the sale of the company to Param.

Closing: KI Chemistry’s Acquisition of Ciech Shares in Voluntary Tender Offer Now Closed

On June 29, 2023, Greenberg Traurig announced that KI Chemistry’s acquisition of Ciech shares in a voluntary tender offer (reported by CEE Legal Matters on May 3, 2023) had closed.

Harrisons Advises EBRD on EUR 5 Million Loan to Banca Intesa Belgrade Supporting Women-Led Businesses

Harrisons has advised the EBRD on its EUR 5 million loan to Banca Intesa Belgrade for on-lending to women-led businesses.

Cobalt Advises Storent Holdings on EUR 10.5 Million Bond Issuance

Cobalt has advised Latvian construction equipment rental company Storent Holdings on its EUR 10.5 million issuance of bonds with an 11% interest rate and December 2025 maturity as well as on their listing on the Baltic Bond List of Nasdaq Riga on June 27, 2023.