There is a growing concern, across CEE, about a potential wave of insolvency and restructuring proceedings. Given the economic aftermath of COVID-19, coupled with the ramifications of rising inflation and interest rates, energy crisis concerns, and the war in Ukraine – the road ahead seems bumpy at best.

Pohla & Hallmagi has successfully represented Paikesekodu Teenused before the Tallinn Circuit Court against a bankruptcy petition and an enforcement claim filed by Liikva Paikesemaja.

Coman Mindru Popescu Attorneys at Law has successfully represented construction company Ave Tebia SRL before Constanta County Court in a matter regarding the opening of the general insolvency procedure for the company.

Austria's lawyers are keeping busy these days, with work primarily driven by an active M&A market, restructuring, litigation, and regulatory changes, while those changes are putting increasing pressure on small businesses, according to Act Legal Partner Roman Hager.

Baker McKenzie has advised the Polindus-Laktopol Capital Group on its acquisition of a production plant in Bielsk Podlaski from the bankruptcy trustee of the Bielmlek Dairy Cooperative. Sole practitioner Kazimierz Mordaszewski reportedly advised the bankruptcy trustee.

Kyriakides Georgopoulos has advised Frigoglass on an up to EUR 55 million interim financing from the holders of the existing senior secured notes due 2025, with the funding to be used for debt and capital restructuring.