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CMS and Ostermann Advise on Zagrebacka Banka NPL Sale to APS Holding

CMS and Ostermann Advise on Zagrebacka Banka NPL Sale to APS Holding

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CMS teams in Austria and Croatia have advised Zagrebacka banka d.d, a member of UniCredit Group, on its sale of non-performing loan portfolios to a company controlled by APS Holding a.s. Ostermann & Partners advised APS Holding on the deal.

The transaction, which covers fully impaired and partially impaired loans granted to corporate and private individual customers, was signed on May 19, 2017 following the approval of the Croatian National Bank under rules pertaining to the disposal of materially significant portfolios. It closed at the end of May.

The CMS team advising Zagrebacka banka/UniCredit was headed by Vienna-based Partner Alexander Rakosi and included Vienna-based Attorney-at-Law Lisa Oberlechner and Associate Marie-Christine Lidl ad Zagreb Partner Jelena Nushol.

The Ostermann & Partners team was led by Managing Partner Mojmir Ostermann. 

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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