Contributed by Deloitte Legal.
Cobalt Advises FN-Serviss on Cross-Border Reorganisation
Cobalt has advised FN-Serviss on a cross-border merger of its group of companies in which the company's Estonian subsidiary was acquired by its Latvian parent company.
New Amendments and Procedures Introduced in the Field of Insolvency by Law No 216/2022
Law 216 of 14 July 2022 amends and supplements Law 85/2014 on insolvency prevention and insolvency proceedings and other legislation. The new law transposes the business prevention mechanisms introduced at European level by Directive 2019/1023.
Pandemic-Induced Changes to Restructuring Procedures in Poland
The legacy of COVID-19 looms large over the financial situation of many businesses across Poland. In order to stave off the pandemic’s impact, a new type of restructuring was introduced into the Polish legal system – the simplified restructuring procedure. Businesses affected by the crisis were quick to use this solution, particularly because of its informal nature and the possibility of getting relatively strong (though temporary) protection from creditors, as well as the time necessary to restructure their business.
Sayenko Kharenko and Avellum Advise on Restructuring of Ukraine’s Sovereign Debt
Avellum, working with White & Case, has advised the Ministry of Finance of Ukraine on the restructuring of Ukraine’s sovereign debt. Sayenko Kharenko, working with Latham & Watkins, advised JP Morgan in its role as solicitation agent. Weil Gotshal & Manges advised some of the GDP-warrant and bondholders.
BNT Advises Aros Marine on Insolvency of MV Werften Group
BNT Attorneys in CEE has advised Aros Marine on the insolvency proceedings of Germany’s MV Werften group.
SPC Legal and Wint Join Forces Forming Noor
Lithuania's SPC Legal and Wint have joined forces to form a new law firm: Noor.