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Schoenherr and Karanovic & Partners Advise on OTP Group's Project Financing for Pannonia Bio

Schoenherr and Karanovic & Partners Advise on OTP Group's Project Financing for Pannonia Bio

Serbia
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Moravcevic, Vojnovic, and Partners in cooperation with Schoenherr has advised OTP Group members OTP Bank Plc Hungary and OTP Bank Serbia on project financing for Pannonia Bio. Karanovic and Partners advised Pannonia Bio.

According to Schoenherr, “the financing will be used by three special-purpose vehicles that acted as borrowers to develop six biogas power plants in Serbia. The project's sponsor, Pannonia Bio, is among the largest biorefinery operators in Europe.”

According to the firm, “biogas power plants utilize a wide variety of feedstock, such as agricultural residues and biogenic waste, to produce biogas. This biogas is then efficiently converted into heat and electricity, enabling the plants to contribute to waste reduction and generate clean, renewable energy.”

The Schoenherr team included Partners Jelena Arsic and Milos Lakovic, Attorney at Law Aleksandra Petrovic, and Associate Marko Kostic.

Karanovic & Partners' team included Partners Maja Jovancevic Setka and Petar Mitrovic, Senior Associates Tijana Arsenijevic and Katarina Tomic, and Associates Jelena Tripkovic and Dimitrije Ilic.

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

Firm's website.