CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In a recent decision, the Hungarian Supreme Court had to decide in case, where the amount called by the beneficiary of the guarantee was more than the actual costs incurred. Does call on the bank guarantee shall be proportionate to the costs actually incurred? Shall the beneficiary settle accounts with the debtor after the bank guarantee has been called?
On November 3, 2023, Zivkovic Samardzic announced that the sale of Eurobank Direktna Beograd to AIK Banka (reported by CEE Legal Matters on March 8, 2023) had closed upon receipt of the necessary regulatory approvals.
Koutalidis has advised Florida-based alternative investment firm Waterwheel Capital Management on the bidding process and the binding agreement with Alpha Bank, Eurobank, the National Bank of Greece, and Piraeus Bank to purchase 95% of the Class B and Class C notes issued in the securitization of the Solar portfolio.
Clifford Chance has advised Komercni Banka on a green loan for the Accolade Group.
TGS Baltic has advised TKM Finants on its successful application for a creditor's activity license from the Estonian Financial Supervision Authority for providing consumer credit services.
Clifford Chance Badea has advised private investment fund JC Flowers & Co on its sale of Romania's First Bank to Intesa Sanpaolo. RTPR advised the Intesa Sanpaolo Bank.
The Republic of Serbia and the People’s Republic of China officially signed a Free Trade Agreement (FTA) on 17 October 2023.
