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Hungary has taken major strides towards modernising its framework for non-performing loans (NPLs) with the introduction of Act XII of 2025 on servicers of non-performing credit agreements and purchasers of non-performing credit agreements. The new legislation, which will come into force on 16 May 2025, implements the EU's Directive 2021/2167 into Hungarian law, thereby establishing a comprehensive system for the transfer, management and servicing of NPLs. These reforms are poised to transform the Hungarian NPL market, creating new opportunities and responsibilities for both domestic and international investors.

Kinstellar and Greenberg Traurig have advised CCC on its recent PLN 3.66 billion (approximately EUR 850 million) financing increase provided by a consortium including mBank, the EBRD, Bank Pekao, BNP Paribas Bank Polska, PKO Bank Polski, Santander Bank Polska, and Bank Handlowy w Warszawie, alongside Santander Factoring, mFaktoring, PKO Faktoring, and BNP Paribas Faktoring. Clifford Chance and Lakatos, Koves and Partners advised the banks.

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