On July 7, 2021, CEE Legal Matters reported that Zamfirescu Racoti Vasile & Partners and Simmons & Simmons had advised ALRO on a seven-year USD 40 million corporate loan from the Black Sea Trade and Development Bank to Romanian aluminum producer ALRO, part of Vimetco Group, for its capital investment program. CEE In-House Matters spoke with Dragos Voncu, Legal Director at the Vimetco Group, to learn more about the matter.

In August 2021, the Law on Financial Support of Investments (“Law”) in North Macedonia has undergone several amendments. Changes are focused on easing the conditions for application, affecting the balanced regional development, and speeding up the procedures for payment of the granted funds.

Former SupplierPlus Head of Group Legal Kirill Lezeiko returns to private practice by rejoining PwC Legal in Estonia.

Intra-group loans and guarantees are frequently encountered in the activity of group companies, especially when centralized capital and liquidity management systems are in place. Intra-group loans are often used as tools to maximize liquidity at the group level while reducing the cost of funds, while the guarantees provide group companies with better access to external financing or high-value commercial contracts.

As a result of the increasing global trade, the international debt collection has become a more important issue nowadays. Given that debt collection proceedings vary across countries, this article explains the costs of initiating execution proceedings in Turkey.

On June 22, 2021, CEE Legal Matters reported that Motieka & Audzevicius had advised Elektroniniu Pinigu Bite on obtaining an electronic money institution license. According to the firm, Elektroniniu Pinigu Bite “serves related companies – mutual lending and crowdfunding platforms FinBee, FinBee for Business, and their customers.” CEE In-House Matters spoke with Darius Noreika, CFA and CEO at Finbee, to learn more about the matter.