CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Based on the provisions of Act C of 2023 on Hungarian Architecture (Hungarian Architecture Act), which entered into force on 1 October 2024, the liability insurance rules for contractors have changed. Contractors may now only undertake construction activities for which they have compulsory contractors' liability insurance, in addition to the previously introduced investments, subject to simple notification.
White & Case has advised UniCredit on the PLN 660 million (approximately EUR 154.4 million) financing extended to Modivo, a subsidiary of CCC.
Allen Overy Shearman Sterling has advised Polenergia subsidiaries Amon and Talia on the refinancing of their existing credit facilities. Kycia Legal reportedly advised Bank Pekao.
Dentons has advised NEPI Rockcastle and its subsidiary NE Property on securing two revolving sustainability-linked credit facilities totaling EUR 290 million. CMS reportedly advised the lenders.
Kinstellar has advised PPF Group and its shareholders on their agreement with ForteBank for the sale of 100% of Home Credit Bank Kazakhstan and its associated businesses.
Wolf Theiss, working with Arendt, has advised Studenac on securing a EUR 300 million loan facility from a consortium of banks led by Bank Pekao and including Powszechny Zaklad Ubezpieczen, OTP Banka, Zagrebacka Banka, and OTP Bank Plc Hungary. DTB and Clifford Chance advised the financial institutions.
Moravcevic Vojnovic and Partners in Cooperation with Schoenherr has advised UniCredit Bank Serbia and Structured Invest on the establishment of UniCredit Invest JSC, a UCITS management company licensed in Serbia.
