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ODI Advises on Restructuring of Vipap Videm Krsko

ODI Advises on Restructuring of Vipap Videm Krsko

Slovenia
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ODI has advised domestic and foreign financial creditors on the EUR 35 million out-of-court financial restructuring of debtor Vipap Videm Krsko, the largest paper mill in Slovenia and a prominent newsprint manufacturer in CEE. 

ODI's clients were NLB (the biggest Slovenian bank), NKBM (the second largest Slovenian bank), asset management company TCK, and Czech financial institutions IMOB and Prisko. According to ODI, it "advised on all legal issues in respect of restructuring procedure, drafted and negotiated the standstill agreement, performed a due diligence exercise of existing collaterals, and advised on corporate matters." The firm was also involved in the first phase of the expected joint sale process, and drafted and negotiated the term sheet and joint sale agreement. 

The ODI team consisted of Managing Partner Uros Ilic and Senior Associate Lea Vatovec, supported by Associate Masa Drkusic on the real estate due diligence exercise. Ernst & Young provided financial advice to Vipap Videm Krsko.

Slovenia Knowledge Partner

ODI is one of the leading independent corporate law firms in South-Eastern Europe and one of the fastest growing in the region with a team of 40 lawyers which provides legal services to a wide range of premier clients, including local and multinational corporations and financial institutions.  With permanent presence in all ex-Yugoslavia countries by offices in Slovenia, Serbia, Croatia and Macedonia and working desks for Bosnia and Montenegro ODI provides seamless service in the region for all cross-border projects and prides itself on an unmatched understanding of the business cultures in the region. The 4 core practice areas are M&A, Corporate Restructuring, Banking Finance and Dispute Resolution. ODI team has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects, and delivering outstanding outcomes for clients.

Firm's website: http://www.odilaw.com/

 

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