CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
A high degree of effervescence in the country, with massive legislative updates both taking hold and still in the works – as well as a potential Prime Minister rotation soon to come – is what keeps lawyers talking in Romania, according to Act Legal Romania Partner Laura Estrade.
Sorainen, working with Dentons, has advised Deutsche Bank on a EUR 600 million syndicated loan agreement with Eesti Energia to refinance its 2016 bond issuance and support investments.
Clifford Chance has advised Banca Comerciala Romana and Erste Group Bank on the financing for Enery Power Holding’s acquisition of the Romanian renewable energy portfolio from Jade Power Trust.
Norton Rose Fulbright has advised RGreen Invest SAS on the EUR 38 million financing provided to PAD RES for the construction of a 76-megawatt photovoltaic portfolio in Poland. Clifford Chance advised PAD RES.
Cobalt has advised Latvenergo on its EUR 50 million issuance of six-year green bonds with a fixed annual interest rate and a yield to maturity of 4.952%.
Clifford Chance has advised a consortium of banks on their agreement for a revolving credit facility of up to PLN 1 billion and a term loan of up to PLN 1.5 billion with Enea, granted as a sustainability-linked loan. Allen & Overy advised Enea.
In today's world, businesses realize the importance of incorporating Environmental, Social, and Governance (ESG) factors into their operations for long-term sustainability. This is important not only for running the business but also for investors who consider these factors in their investment decisions. Stock exchanges play a key role in promoting sustainability for both corporations and investors.
