EXPERTISE
Banks & Financial Institutions

Kinstellar advises KBC Group on the acquisition of NN’s Bulgarian pension insurance and life insurance businesses

February 2021 – We are delighted to have counselled KBC Group NV and its Bulgarian subsidiary DZI – Life Insurance EAD throughout their successful bid for the acquisition of NN’s Bulgarian pension insurance and life insurance businesses. On 10 February...

Crucial changes to Czech UBO Register legal framework – Sanctions apply from 1 June 2021

February 2021 – The Czech parliament has recently passed a new Act on UBO Register, no. 37/2021 Coll. (the “New UBO Act”) effective from 1 June 2021, which implements the EU’s Anti-money Laundering Directive no. V (AMLD V). From 1 January 2018...

Counsel Andriy Nikiforov speaks on personal guarantees of UBOs of closely-held companies at a webinar organised by the Ukrainian Bar Association

February 2021 – On 25 January 2021, Andriy Nikiforov, Counsel at Kinstellar’s Kyiv office, spoke at a webinar organised jointly by the Banking, Finance and Insurance Committee and the Civil, Inheritance and Matrimonial Law Committee of the Ukrainian...

Kinstellar advises Nova Ljubljanska banka d.d. on the acquisition of Komercijalna banka a.d., Serbia’s largest financial sector privatisation

January 2021 – Kinstellar is delighted to announce that on 30 December 2020 our client, Slovenia’s Nova Ljubljanska banka d.d. (“NLB”), completed its acquisition of an 83.23% ordinary shareholding in Serbia’s Komercijalna Banka a.d. Beograd...

Ukrainian parliament adopts bill on virtual assets in the first reading

December 2020 – On 2 December 2020, Ukraine’s parliament adopted in the first reading the Bill on Virtual Assets No. 3637, which is available in Ukrainian here. The proposed legislation is the latest in a series of attempts by lawmakers to regulate...

Kinstellar Counsel Andriy Nikiforov moderates a webinar on the new AML Act in Ukraine organised by the Ukrainian Bar Association

December 2020 – On 1 December 2020, Andriy Nikiforov, Counsel at Kinstellar Kyiv and Chair of the Banking, Finance and Insurance Committee of the Ukrainian Bar Association (UBA), moderated a webinar, organised by the UBA, focused on the Act of Ukraine...

Kinstellar advises Nexen Tire Europe on leasing of 12,000 m2 warehouse

November 2020 – Following an investment of more than CZK 22 billion (approx. EUR 800 million), representing the third-largest FDI into the Czech Republic, the Kinstellar team has successfully completed another project for our client, Nexen Tire Europe...

Serbia: Additional mandatory moratorium on repayment obligations to banks and lessors

29 July 2020 - In response to the COVID-19 pandemic, the National Bank of Serbia (“NBS”) adopted on 27 July 2020 two decisions aimed at protecting Serbia's financial system: the Decision on Temporary Measures for Banks for the Mitigation of Effects...

Asset Yield: The podcast series of Kinstellar Asset Solutions

15 July 2020 – Welcome to Asset Yield, the podcast series of Kinstellar C/SEE Asset Solutions, where we interview principal investors, originators, advisors, and funders in the world of non-performing and non-core assets of all classes, bringing you...

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...