To comply with the highest European standards and safety conditions – Law on amendments to the Law on payment transactions (“Law”) has been adopted in the Parliament of Montenegro on 29 September 2022. Free movement of capital and full compliance with the Payment Service Directive 2 (“PSD2”) were main reasons for adopting the Law which shall ensure that the provisions of payment services in Montenegro are regulated in the same way as in the member states of the European Union.

Schoenherr has advised the managers on the EUR 750 million issuance of 2.5% mortgage pfandbriefe due 2030 by the Erste Group Bank. Wolf Theiss reportedly advised Erste.

Dentons and Dimitrijevic & Partners have advised coordinator, bookrunner, and mandated lead arranger UniCredit on a EUR 90 million term loan facility for Mtel Banja Luka. Solo practitioner Loren Richards reportedly advised the borrower.

Dentons has advised Komercni Banka and Ceska Sporitelna on the EUR 715 million refinancing of the Eurowag Group. White & Case advised Eurowag.

Ellex has advised Bigbank on its EUR 20 million issuance of subordinated bonds.

Gessel has advised BNP Paribas Bank Polska on its capital investment in Autenti. Kondracki Celej reportedly advised Autenti on the deal.