CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The Bank of Albania has introduced a new regulatory framework on marketing and advertising by financial institutions, significantly enhancing consumer protection and transparency in the financial sector. The changes, enacted through Decision No. 11, dated 5 February 2025, amend the Regulation “On Transparency for Banking and Financial Products and Services” and enter into force on 1 May 2025.
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Wolf Theiss has advised DSK Bank and OTP Bank on the EUR 88 million real estate financing of Bravo Sky. Lex Locus reportedly advised the borrowers.
Sayenko Kharenko has advised the International Finance Corporation on a EUR 66 million risk-sharing facility with Ukrsibbank.
Former DNB Bank Polska Head of Legal and Corporate Relations Adam Grzeskiewicz has joined PKO Bank Polski as its new Head of Legal Services for Litigation and Proceedings.
AKL Law Firm has advised Alpha Bank on the financing for Legendary Food for the Stoa Arsakeio redevelopment project in central Athens. KBVL reportedly advised Legendary Food.
The new Real Estate Registration Act that came into effect in January restructured the system for registering properties purchased in installments or subject to conditions, and introduced the so-called buyer's right. However, since January, there has been considerable debate regarding whether the buyer's right can be registered on properties involved in bank financing (and therefore under alienation and encumbrance prohibition). A recently enacted amendment to the law, however, resolves this issue.
