Capital Markets

Turkiye: Recent Developments in Sustainability Reporting under Turkish Law

Due to the importance of disclosure of compliance with sustainability principles in evaluating the performance of companies, to ensure transparency, comparability, and reliability of the disclosures made within the scope of environmental, social, and governance (ESG) considerations, regulations have been introduced in the Turkish legal system.

Czech Republic: Changes in Alternative Fund Regulation

Investment funds in the Czech Republic are regulated by the Czech Investment Companies and Investment Funds Act (ZISIF) and by local implementing regulations (governmental decrees and decrees of the Czech National Bank – CNB).

Lithuania: Capital Market of the Baltic States and the Trends – A Q1 Outlook

The Baltic region, comprising Lithuania, Latvia, and Estonia, boasts an emerging public capital market facilitated by the unified securities trading platform – the Nasdaq Baltic Stock Exchange.

Serbia: Navigating Capital Markets – Overcoming Challenges while Striving Toward Rebirth

The economic sector of the Republic of Serbia, including the capital market, offers a telling reflection of the global market’s challenges and some regional specifics. Despite periods of uncertainty and stagnation, Serbia’s capital market maintains signs of vitality and potential for growth.

White & Case, GKC Partners, Baker McKenzie, and Esin Advise on Ulker Biskuvi's USD 550 Million Sustainability-Linked Eurobond Issuance

White & Case and its Turkish affiliate law firm GKC Partners have advised Ulker Biskuvi on its USD 550 million Eurobond issuance. Baker McKenzie and its Turkish affiliate law firm Esin Attorney Partnership advised the bookrunners including J.P. Morgan Securities, Merrill Lynch International, Emirates NBD Bank, HSBC Bank, and Rabo Securities.

Linklaters Advises Goldman Sachs Bank Europe, JLM, and LHV Bank on Eesti Energia’s Green Hybrid Bond

Linklaters has advised Goldman Sachs Bank Europe as the global coordinator and JLM and LHV Bank as joint lead managers on the offering of a EUR 400 million perpetual green hybrid bond by Eesti Energia.

NBU Grants Eurobonds Repayment Relief for Major Ukrainian Corporate Issuers

With effect from 11 July 2024, the National Bank of Ukraine (“NBU”) introduced a long-awaited exemption from the moratorium on foreign currency cross-border transfers (“Moratorium”). This exemption is expected to facilitate the repayment of Eurobonds by major Ukrainian corporate issuers, which had faced significant challenges in making payments under their Eurobonds since the beginning of the full-scale russian invasion of Ukraine on 24 February 2022.