Banking/Finance

New Rules for the Insurance Market in Romania

On 16 January 2024, the Law No. 17/2024 amending and supplementing Law No. 237/2015 on the authorisation and supervision of insurance and reinsurance activities, as well as amending and supplementing certain regulatory acts was published in Official Gazette Of Romania No. 36., aiming to strengthen the protection of both policyholders and beneficiaries by ensuring the stability of the insurance market and a greater degree of predictability in the development of each individual company and the insurance market as a whole.

Avellum Advises Ukraine's Ministry of Finance on French Export Loan for Rail Purchase

Avellum has advised the Ministry of Finance of Ukraine on a EUR 37.6 million export loan provided under the framework agreement between the Governments of Ukraine and France with the funds being directed towards purchasing rails for Ukrainian Railways from French manufacturer Saarstahl-Rail.

Gide Advises KGHM Polska Miedz on Loan Agreement with Bank Gospodarstwa Krajowego

Gide has advised KGHM Polska Miedz on receiving a USD 450 million unsecured working capital loan from Bank Gospodarstwa Krajowego. Deloitte Legal reportedly advised Bank Gospodarstwa Krajowego.

Eversheds Sutherland Advises Bank Pekao on Financing 7R Warehouse Development

Eversheds Sutherland has advised Bank Pekao on its financing for 7R's warehouse development in Katy Wroclawskie.

Zepos & Yannopoulos and Papapolitis & Papapolitis Advise on National Bank of Greece Frontier II Securitization

Zepos & Yannopoulos has advised Boston-based hedge fund manager Bracebridge Capital on its acquisition of 95% of the mezzanine and junior notes in the Frontier II securitization originated by the National Bank of Greece. Papapolitis & Papapolitis advised arranger Morgan Stanley.

Rymarz Zdort Maruta Advises mBank on Financing Polish Apple Premium Reseller

Rymarz Zdort Maruta has advised mBank on providing a multi-product working capital financing to an Apple Premium Reseller in Poland.

Allen & Overy Advises Banks on Loan to Bielenda Kosmetyki Naturalne for Acquisition of Torf

Allen & Overy has advised BNP Paribas Bank Polska and mBank on their provision of an acquisition loan facility to Bielenda Kosmetyki Naturalne for its acquisition of the Torf Corporation. Greenberg Traurig reportedly advised Bielenda.