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CMS Advises Poland's BGK and KUKE on Direct Financing for Treasury of Republic of Rwanda

CMS Advises Poland's BGK and KUKE on Direct Financing for Treasury of Republic of Rwanda

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CMS has advised Bank Gospodarstwa Krajowego and Korporacja Ubezpieczen Kredytow Eksportowych on a EUR 23 million direct financing for the Treasury of the Republic of Rwanda for the purchase of a Poland-produced milk cooling system.

According to CMS, “the loan was granted under a sovereign finance structure, with the Rwandan Treasury as the borrower directly and Polish exporter Faspol as the beneficiary of the funds. The contract is strategically important for Rwanda's socio-economic development, and its implementation will help reduce milk losses due to improper storage, and increase production capacity and access to dairy products.”

Faspol describes itself as one of the most modern stainless steel tank production plants in Europe.

Bank Gospodarstwa Krajowego is the state-owned Polish national development bank. Korporacja Ubezpieczen Kredytow Eksportowych is the Polish export credit agency.

The CMS team included Partner Michal Mezykowski and Counsel Artur Bednarski.

Editor's Note: After this article was published, CMS informed CEE Legal Matters of its full team composition. It also included Senior Associate Kamila Singer, Associate Iwona Ciszynska, and Lawyer Michal Horelik. Additionally, the firm informed CEE Legal Matters that ENSafrica advised BGK on Rwandan legal matters.

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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