CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In its recent decision of 19 February 2025, the Supreme Court of Hungary (‘Curia’) overturned the second-degree verdict that held fraud victims solely liable and ruled that financial institutions cannot automatically reject compensation claims. This landmark decision might open the doors for customers to claims against their banks in similar cases.
The Law on Amendments to the Law on Prevention of Money Laundering and Terrorist Financing ("Law") has been adopted, and a decree on its promulgation has been issued. The Law was published in the “Official Gazette of Montenegro” on 12th March 2025, and it enters into force on 20th March 2025.
Clifford Chance advised Alpha Bank and Alpha International Holdings on the full sale of Alpha Leasing Romania IFN and Alpha Insurance Brokers to Vista Bank Romania.
ZSP Advokati, working with Dentons and Harneys, has advised NLB Komercijalna Banka Beograd and Banca Intesa Beograd on the financing of the Airport City East Gate Business Tower 1 project, developed by AFI Europe.
Cobalt has advised European Energy on EUR 68 million financing to construct a 148 megawatt-peak solar farm in Latvia. Sorainen, Watson Farley & Williams, and Moalem Weitemeyer reportedly advised the lenders.
White & Case and its Turkish affiliate law firm GKC Partners have advised Morgan Stanley as the bookrunner on the Rule 144A/Reg S debut Eurobond issuance by GDZ Elektrik. Unsal advised GDZ Elektrik.
BPV Grigorescu Stefanica has advised Autonom International on its investment in the Romanian insurer Eazy Insurance. Bulboaca & Asociatii reportedly advised Eazy Insurance.
