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Browse through a selection of articles from our legal experts on topics of interest to investors and businesses in our region.

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...

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...

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...

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...

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...