Search results for: financial restructuring
Wolf Theiss advises TA Associates on acquisition of Klikpojisteni.cz
Prague, 22 May 2020 – Wolf Theiss assisted private equity firm TA Associates with the acquisition of Klikpojisteni.cz, a leading online insurance brokerage company in the Czech Republic and Slovakia, through a joint venture company of TA Associates and the technology investment fund MCI EuroVentures....
Wolf Theiss advises the European Investment Bank on a new venture debt financing agreement with EnduroSat
Wolf Theiss advised the European Investment Bank (EIB) on the aspects of Bulgarian law of its venture debt financing to EnduroSat, a fast-growing Bulgarian company providing solutions for the global space market. The financing of up to €10 million is being offered under a newly available venture debt instrument backed by the European Guarantee Fund […]...
Bulgaria: Reading between the lines of the banking system assessment
The Bulgarian National Bank (BNB) released the results of the banking system overview, which was initiated earlier this year. Pursuant to the report of the national regulator on the outcome of the asset quality review (AQR) and the stress tests, that was announced recently (Report), the domestic banking sector successfully passed this, first-of-its-kind, system–wide assessment. The tests in Bulgaria were extended throughout all 22 locally licensed banks, with the exception of the 6 branches of foreign banks operating in the country. As a result, the domestic exercise had a broader scope than its Eurozone counterpart, which only covered the banking institutions of systematic importance....
Ukraine redesigns its insurance legal framework
On 18 November 2021, the Parliament of Ukraine adopted the Draft Law “On Insurance”, No.5315 (the “Insurance Law”). This law has been heavily supported by the National Bank of Ukraine (the “NBU”), which has recently become the insurance market regulator. The Insurance Law is expected to be signed into law by the President of Ukraine. […]...
Bulgaria – Distressed M&A 2022
Despite the improvement in the economy, the unpredictability around the effects of the covid-19 pandemic remains. The downturn trend has been mitigated to a great extent by the private credit moratorium, which the Bulgarian National Bank introduced in line with the guidelines of the European Banking Authority. Under certain conditions of the moratorium the commercial […]...
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