EXPERTISE
Banks & Financial Institutions

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...

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 Nova Ljubljanska banka d.d. on the acquisition of Komercijalna banka a.d., in Serbia

February 2020 – Kinstellar has advised Nova Ljubljanska banka d.d. (“NLB”) in connection with the conclusion of a share purchase agreement with the Republic of Serbia for the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka a.d....

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...