ODI Law has advised the Eta Invest Group on the refinancing of a development project encompassing 28 newly-constructed villas near Nova Gorica, Slovenia. The transaction included a transfer of claims held by various banking and non-banking entities to the Elements Capital Management investment fund, followed by the entrance into a Master Restructuring Agreement by Eta Invest Group and the investment fund. Karanovic & Partners advised Elements Capital Management.
Construction is expected to comments in 2020. According to ODI, the project "will be a welcomed novelty in an otherwise undernourished regional housing market."
The ODI team consisted of Partner Tine Misic and Senior Associate Primoz Mikolic.
The Karanovic & Partners team was led by Igor Angelovski.