EXPERTISE
Banks & Financial Institutions

Kinstellar advises Catara Consulting Europe on the USD 50 million Loan Participation Notes of Uzbek Industrial and Construction Bank

June 2020 – Kinstellar has advised Catara Consulting Europe on matters of Uzbek law in relation to the structuring of the USD 50 million 3-year local currency unsecured Loan Participation Notes of the Joint-Stock Commercial Bank “Uzbek Industrial...

Bulgaria: Insurance coverage for coronavirus losses in Bulgaria: practical aspects of business interruption claims

16 April 2020 – The COVID-19 outbreak has severely affected almost all companies in Bulgaria. While some have been directly impacted by coronavirus infection (e.g., employees becoming sick), the majority have been affected by the measures imposed by...

Serbia: Preferential loans part of government package to mitigate the impact of the COVID-19 pandemic

16 April 2020 – On 10 April 2020, as part of a wider package of economic measures aimed at mitigating the negative impact of the COVID-19 pandemic, the Serbian government adopted the “Decree on Determining the Program of Financial Support for Commercial...

Kinstellar Counsel Andriy Nikiforov speaks at a webinar on COVID-19 impact on credit documentation organised by the Ukrainian Bar Association

April 2020 – On 3 April 2020, Andriy Nikiforov, Counsel at Kinstellar Kyiv and Chair of the Banking, Finance and Insurance Committee of the Ukrainian Bar Association (UBA), spoke at a webinar on impact of COVID-19 pandemic on credit documentation under...

Czech Republic: Bill on certain loan repayment measures in connection with the COVID-19 pandemic

9 April 2020 – On 1 April 2020, the Government of the Czech Republic approved, as expected, a bill allowing all debtors under loan agreements or similar contracts to notify their creditors of their intention to make use of a so-called protective period...

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

9 April 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.

Slovakia: Summary of government measures adopted in response to COVID-19

7 April 2020 – COVID-19 outbreak has far-reaching impacts on the all aspects on our lives and businesses. During the first week of April 2020, Slovak government and parliament worked hard to adopt a first set of measures to help citizens and businesses...

Turkey: Summary of financial support available to companies during the COVID-19 outbreak

27 March 2020 – The COVID-19 outbreak affects our daily, as well as our business life. Many enterprises will need to draw on different means of financial support to manage their cash flows and continue their operations in this difficult time. We have...

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 danger” (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...