Clifford Chance has advised Hillwood on over EUR 89 million in financing from Bank Pekao for the construction of three warehouse parks in Poland. Reportedly, CMS advised Bank Pekao.
Glatzova & Co Helps SNP Invest Obtain CNB Permission to Operate Investment Fund
Glatzova & Co has advised SNP Invest on obtaining permission from the Czech National Bank to operate as a self-managed investment fund of qualified investors.
Non-Bank Lending in Serbia
September 2023 – According to Article 5 of the Serbian Banking Act (Zakon o bankama), no person other than a bank licensed in Serbia may engage in the granting of loans unless authorised by law. One Serbian law that does allow foreign banks (i.e., banks not established and licensed in Serbia) to provide cross-border loans to Serbian entities is the Serbian Foreign Exchange Act (Zakon o deviznom poslovanju). In particular, Article 18(7) of the Foreign Exchange Act expressly allows Serbian entities to borrow cross-border from foreign banks, which are not required to obtain a banking licence in Serbia for this purpose.
Linklaters and SSW Pragmatic Solutions Advise on USD 5.2 Billion Financing for Baltic Power Offshore Wind Farm
Linklaters has advised a group of commercial lenders, export credit agencies, and multilateral financial institutions on the development and USD 5.2 billion non-recourse green financing for the Baltic Power offshore wind farm. Hogan Lovells advised the borrowers. SSW Pragmatic Solutions advised Baltic Power.
Clifford Chance Advises on mBank’s EUR 750 Million EUR Green Bonds Issue
Clifford Chance has advised Commerzbank and other joint lead managers on the issue of green senior non-preferred bonds with a total nominal value of EUR 750 million by mBank. Reportedly, Allen & Overy advised mBank.
Closing: Kommunalkredit EUR 37.5 Million Financing for 63-Megawatt Senyo PV Plant Now Closed
On September 20, 2023, PHH announced that Kommunalkredit's EUR 37.5 million financing for the 63-megawatt Senyo photovoltaic plant in Hungary – commissioned by Green Source and Core Value Capital – (reported by CEE Legal Matters on August 7, 2023) had closed.
Dentons Advises Enterprise Investors on Bank Pekao Financing for Advanced Protection Systems Acquisition
Dentons has advised Enterprise Investors on the acquisition financing from Bank Pekao for its purchase of a significant minority share in Advanced Protection Systems. SSW Pragmatic Solutions reportedly advised the bank.