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CMS Advises EBRD on Loan to Stax Technologies

CMS Advises EBRD on Loan to Stax Technologies

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CMS has advised the EBRD on a EUR 10.8 million loan to Serbian machine manufacturer Stax Technologies.

According to CMS, Stax is a manufacturer of paper tissue packaging machines based in Konjevici. “It intends to use these funds to expand its production facilities, purchase state-of-the-art equipment, and implement energy efficiency improvements, including the installation of a new 300-kilowatt rooftop solar power system, which will allow the company to produce the energy it needs for its own operation in a sustainable way.”

The CMS team included Warsaw-based Partner Rafal Zakrzewski and Lawyer Michal Horelik, Kyiv-based Senior Associate Orest Matviychuk and Associate Ivan Pshyk, and Belgrade-based Partner Milica Popovic, Counsel Marija Marosan, Attorney at Law Jovana Bingulac, and Lawyer Ksenija Boreta.

CMS did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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