Agribusiness

Statutory Opt-In Membership in the Hungarian Chamber of Agriculture from January 2024

In early January 2024, many managing directors in Hungary of companies with any agriculture-related activity could be surprised to receive a letter of the Hungarian Chamber of Agriculture stating that the company has become a member of the Chamber by law from 1^st January. What does this chamber do, and what are the main consequences of the membership? Why it is worth to consider an opt-out from the Chamber? In this article, we address these issues.

Avellum Advises Kernel on Acquisition of Danube Sunflower Oil Transshipment Terminal

Avellum has advised the Kernel Group on the acquisition of 100% of shares in Reni-Oil LLC – a sunflower oil transshipment terminal with a storage capacity of 15,000 tons, in the port of Reni, on the Danube – for a consideration of USD 24.75 million.

Sayenko Kharenko Advises IFC on EUR 40 Million Risk-Sharing Facility for Credit Agricole To Support Ukrainian SMEs

Sayenko Kharenko has advised the International Finance Corporation on a EUR 40 million equivalent risk-sharing facility for Credit Agricole Ukraine.

Lextal Advises Solbritt on Reorganization

Lextal has advised Solbritt on its reorganization and restructuring plan.

Karanovic & Partners Advises Doehler on Acquisition of Frikos

Karanovic & Partners has advised Doehler on its acquisition of Frikos. Reportedly, Four Legal advised the sellers.

Aksan Advises TurkTraktor on Investment in Agrovisio

Aksan has advised TurkTraktor on its investment in crop monitoring company Agrovisio.

CMS Advises ING-led Syndicate on Restructuring Repayment Terms for Kernel PXF

CMS has advised a syndicate of banks led by ING Bank on the adjustment to the loan repayment terms under the USD 450 million pre-export facility for Ukraine’s Kernel Group. Allen & Overy reportedly advised Natixis, one of Kernel Group's creditors. White & Case reportedly advised the Kernel Group.