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CMS Advises IFC on EUR 200 Million Loan for Maistra Hospitality

Croatia
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CMS, working with Herbert Smith Freehills, has advised IFC on its EUR 200 million blue and green sustainability loan loan for Maistra Hospitality. Dentons reportedly advised Maistra Hospitality.

Maistra Hospitality is a tourism company in Croatia. It operates as part of the Adris Group.

According to CMS, "this IFC financing is the first blue loan in the Croatian tourism sector. It will provide funds for the development and reconstruction of Hotel Marjan, a well-known hotel near the historic center of Split, which is under the protection of UNESCO, as well as the renovation and upgrading of the largest camp in the country, Vrsar Holiday Village in Istria. Both locations are near protected marine areas, making sustainable business practices particularly important."

The CMS team included Partners Jelena Nushol Fijacko, Ana-Marija Skoko, and Tamara Jelic Kazic, Lawyer Darijo Gospic, and Associate Alen Ivanovic.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.