EXPERTISE
Banking, Finance & Capital Markets

Czech Republic: A First Aid Package for Your Business: What Immediate Measures to Take?

30 March 2020 - Many companies are in a state of near-paralysis as a result of the current coronavirus pandemic. At such a time, it is important to stop and think about what can be done to mitigate and avert further business disruptions.

Czech Republic: Overview of the Government financial aid available in relation to the COVID 19 situation

26 March 2020 – Our COVID-19 Task Force has summarised, in the document attached, the financial aid available in the Czech Republic, in relation to the COVID 19 situation.

Hungary: Summary of measures issued by the Hungarian Government in connection with the state of emergency

20 March 2020 – In view of the ”state of emergency” (in Hungarian: “veszélyhelyzet”) declared by Government Decree No. 40/2020. (III. 11.) adopted by the Hungarian Government and the ”special legal order” introduced as a result of the European...

Serbia: Mandatory moratorium on repayment obligations to banks and lessors

19 March 2020 – In response to the COVID-19 pandemic and the state of emergency introduced in Serbia on 15 March 2020, the National Bank of Serbia (“NBS”) adopted on 17 March 2020 two decisions aimed at protecting Serbia’s financial system: the...

Impact of new capital markets legislation on debt capital market issuances in Turkey

March 2020 – The Law Amending the Banking Law and Other Laws No.7222 (the “Amending Law”), published in the Official Gazette dated 25 February 2020 and numbered 31050, has introduced several amendments to Turkey’s Capital Markets Law No. 6362...

Kinstellar advises EBRD on the first financing in Bulgaria under the ESIF/EBRD Water Sector Financing Framework

March 2020 – Kinstellar is honoured to support the development of Bulgaria’s water infrastructure by advising the EBRD on its first loan under the nearly EUR 200 million Bulgarian Water Sector Financing Framework. The framework has been established...

Kinstellar advises DEG on a USD 20 million credit facility for Nibulon, a leading exporter, logistics and shipbuilding company in Ukraine

February 2020 – Kinstellar has acted as Ukrainian legal counsel to DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, a development finance institution and subsidiary of KfW Bankengruppe, headquartered in Cologne, Germany, in connection...

Bank ID introduced in the Czech Republic will utilise bank authentication tools to access public administration systems and other online services

February 2020 – Following their introduction in 2009, Data Boxes (in Czech: “datové schránky”) represented the Czech state’s only major foray into the world of e-government services. Another example are ID cards containing an electronic chip...

Amended Kazakh bankruptcy law: Insolvency proceedings have been simplified

February 2020 – On 10 January 2020, new amendments to the “Law on Rehabilitation Procedure and Bankruptcy” dated 7 March 2014 No. 176-V (the “Old Law”) and related legal acts came into effect by the Law dated 27 December 2019 No. 290-VI (the...

Kinstellar advises Raiffeisenbank on the financing for the acquisition of Trestles, in the Czech Republic

February 2020 – Kinstellar has successfully advised Raiffeisenbank on the financing for the acquisition of Trestles, a manufacturer of handling and storage equipment with offices in the Czech Republic, France, Austria and Poland.