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Harrisons and Norton Rose Fulbright Advise EBRD on Issuing Bank Agreement with Addiko Bank

Harrisons and Norton Rose Fulbright Advise EBRD on Issuing Bank Agreement with Addiko Bank

Serbia
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Harrisons provided Serbian legal advice and Norton Rose Fulbright provided English law advice to the EBRD in relation to an Issuing Bank Agreement and Revolving Credit Agreement with Addiko Bank ad Beograd. Addiko did not retain outside counsel on this deal.

According to Harrison's, "with the execution of the Issuing Bank Agreement, Addiko Bank has joined the EBRD's Trade Facilitation Program, which will support Addiko's further development in the Serbian market. Under the agreements, Addiko Bank becomes an issuing bank, allowing it to obtain EBRD's trade finance guarantees and short-term cash advance to support the import and export activities of local companies. EBRD's Trade Facilitation Program currently includes 94 partner banks in 26 countries, with limits exceeding EUR 1.5 billion in total and more than 800 confirming banks worldwide."

Harrisons team was led by Consultant Ines Matijevic-Papulin, assisted by Senior Associate Jovan Cirkovic.

The Norton Rose team consisted of Partner Andrew Wood, Senior Associate Richard Wilkes, and Associates Frances Chapman and Richard Watkins t. 

 

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