Capital Markets

U.S. Treasury Announced New Sanctions Targeting Russian Financial System

After the Russian Federation had launched a military operation against Ukraine; the U.S., the EU, the UK, and a number of other countries began imposing broad economic sanctions against Russia. Those imposed by the United States are among the most economically effective sanctions.

Ales Lunder Joins Senica & Partners

Former CMS Partner Ales Lunder has joined Senica & Partners as Partner.

Gardos Mosonyi Tomori Law Office Announces Three New Partners

Veronika Bakonyi and Beatrix Berkes have been promoted to Partner at Gardos Mosonyi Tomori Law Office, while former Raiffeisen Bank Chief Legal Counsel Zita Tihanyi joins the firm as Partner.

What’s Next on Ukrainian Capital Markets?

The capital markets in Ukraine have been a sleeping topic until recently. On June 19, 2020, the Ukrainian Parliament has restated the Law of Ukraine on Capital Markets and Organized Commodity Markets (Law). The restated Law became effective in July 2021, introducing a whole new framework for the issue of securities in Ukraine. It implements the most important EU capital markets regulations, including MiFID II, MiFIR, and CRD IV.

ESG – Turkish Banking and Capital Markets Sector in 2021

It has been an interesting, fruitful, and innovative year for the Turkish financial sector. Most importantly and possibly surprisingly, the Turkish financial regulatory authorities are at full speed in implementing a legal framework to support a more sustainable Turkey.

WKB Names Six Equity Partners, Three New Partners

Wiercinski Kwiecinski Baehr Partners Anna Flaga-Martynek, Marta Midloch, Marcin Smolarek, Maciej Szambelanczyk, Anna Wojciechowska, and Anna Wyrzykowska have become Equity Partners, while Counsels Agata Szczepanczyk-Piwek, Sergiusz Urban, and Jordan Zafirow have been promoted to Partner, as of January 1, 2022.

Turkey’s Capital Markets Board Submitted Draft Green Debt Instruments and Green Lease Certificate Guidelines to Public Opinion

Many economies, particularly those in the European Union [“EU”], are now centered on the environment-oriented and sustainable economy model known as "Green Transformation," which aims to mitigate the negative environmental consequences of human-induced parameters on the ecosystem. Turkey, also, had signaled that it would not stay out of this shift by ratifying the Paris Climate Agreement in October 2021.