CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In the realm of legal matters in the Republic of North Macedonia, the concept of "bankruptcy for individuals" that exists in Western countries is completely unknown. Here, a person burdened with debt could find themselves perpetually trapped, facing an ever-growing debt that seems impossible to escape.
Former Vavrovsky Heine Marth Attorney at Law Peter Tutsch has joined Fieldfisher as the fifth Partner in its new Vienna office, on July 3, 2023.
Bernitsas Law has advised note and security trustee Bank of New York Mellon on the securitization of the Senna Portfolio of non-performing loan receivables originated by Piraeus Bank through the issue of non-listed and non-rated single-tranche notes by Senna NPL Finance DAC.
Former White & Case Counsel David Ilczyszyn has joined Rovenska & Partners in Prague as a Partner in early July 2023.
Johannes Feilmair, Karoline Hofmann, and Stefan Jeitler have been appointed to Partner positions with E+H in Austria at the beginning of July 2023.
Schoenherr has advised DDM Holding on the acquisition of a non-performing loan portfolio with a face value of over EUR 1 billion from Intrum. DLA Piper advised Intrum on the sale and its exit from the Romanian market.
Restructuring, both from a financial and operational perspective, has been regarded as a wonderful “nice to have” by the Romanian market, for many years. Will this time be different?
