CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Greenberg Traurig has advised Banco Santander on its agreement with Erste Group Bank to sell a 49% stake in Santander Bank Polska for EUR 6.8 billion alongside 50% of its Polish asset management arm, Santander TFI, for EUR 200 million. Rymarz Zdort Maruta and Wolf Theiss advised Erste Group Bank.
CMS has advised the Investment Fund for Developing Countries on its EUR 7 million subordinated debt investment in Bank Lviv.
RTPR has advised the syndicate of banks including mandated lead arrangers Banca Transilvania and Banca Comerciala Romana and lenders Raiffeisen Bank, BRD – Groupe Societe Generale, CEC Bank, ING Bank, and Intesa Sanpaolo Bank Romania on a RON 3.1 billion syndicated loan facility granted to Electrica with Raiffeisen Bank also serving as a sustainability agent. Dentons adivsed Electrica.
CMS has promoted Marija Zrno Prosic to CEE Partner in its office in Croatia.
Filip & Company has advised BT Pensii on its takeover of the voluntary pension fund BRD Medio. Popovici, Nitu, Stoica & Asociatii advised the Societe Generale Group.
Ellex has advised Finterest Eesti on obtaining a credit intermediary license from the Estonian Financial Supervision Authority.
Given the growing emphasis on sustainability and responsible business practices, obligations in the field of ESG are becoming increasingly significant. The banking sector is emerging as one of the key players in this transformation, with evolving regulatory frameworks influencing its operations.
