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CMS Advises EBRD on Loan to Stax Technologies

CMS Advises EBRD on Loan to Stax Technologies

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CMS has advised the EBRD on a EUR 10.8 million loan to Serbian machine manufacturer Stax Technologies.

According to CMS, Stax is a manufacturer of paper tissue packaging machines based in Konjevici. “It intends to use these funds to expand its production facilities, purchase state-of-the-art equipment, and implement energy efficiency improvements, including the installation of a new 300-kilowatt rooftop solar power system, which will allow the company to produce the energy it needs for its own operation in a sustainable way.”

The CMS team included Warsaw-based Partner Rafal Zakrzewski and Lawyer Michal Horelik, Kyiv-based Senior Associate Orest Matviychuk and Associate Ivan Pshyk, and Belgrade-based Partner Milica Popovic, Counsel Marija Marosan, Attorney at Law Jovana Bingulac, and Lawyer Ksenija Boreta.

CMS did not respond to our inquiry on the matter.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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