Cobalt has successfully represented Lithuanian poultry farm Gireles Paukstynas before the Supreme Court of Lithuania in a dispute with insurer Lietuvos Draudimas regarding the insurer's refusal to recognize the state-mandated slaughter of sick birds as an insured event.
Integrites and Redcliffe Partners Advise on Kovalska Group's EUR 27 Million Loan from Invest International
Integrites has advised the Kovalska Group on a EUR 27 million long-term secured loan from Dutch Invest International to finance the construction of a new aerated concrete production plant in Rozvadiv, Ukraine. Redcliffe Partners, working with the Amsterdam office of Clifford Chance, advised the lender.
White & Case and Clifford Chance Advise on Financing for Emitel
White & Case has advised a consortium of financial institutions on their up to PLN 1.57 billion financing – including a term loan, an investment loan, and a revolving credit facility – granted to Emitel. Clifford Chance advised Emitel.
Adam Boross Joins Jalsovszky as Head of Banking and Finance
Former Deloitte Legal Managing Associate Adam Boross has joined Jalsovszky as its new Head of the Banking and Finance group.
Hope and Preparation in Lithuania: A Buzz Interview with Akvile Bosaite of Cobalt
Lithuania hopes for the best and prepares for the worst by further tightening its banking and fintech regulations, following the latest decisions and position papers issued by the supervisory authority. Despite talks of a recession, the banking and finance market remains active, according to Cobalt Partner Akvile Bosaite.
Recent AML Developments in Moldovan’s Financial Services Sector
One of the main recent buzzwords in Moldova is AML compliance at the convergence of securities and banking which strictly follows the recommendations of the report from the fifth evaluation round of the MONEYVAL Committee of the Council of Europe, in order to transpose the provisions of Directive 2018/843 of the European Parliament and of the Council of May 30, 2018, as well as updated provisions of the Financial Action Task Force Recommendations.
Sayenko Kharenko Advises IFC on EUR 40 Million Risk-Sharing Facilities for OTP To Support Ukrainian SMEs
Sayenko Kharenko, working with the London office of Herbert Smith Freehills, has advised the IFC on two EUR 20 million risk-sharing facilities for OTP Bank and OTP Leasing in Ukraine.