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Banking & Finance

As a participant in the global banking and finance industry, you are faced with increasing financial, regulatory and political pressures. New rules on capital requirements, risk profile and investor protection pose challenges for your organisation. We have unmatched geographical coverage and more internationally qualified banking and finance partners on the ground in CEE than any other law firm. We are your first port of call whether you are planning a cross-border transaction with a multi-jurisdictional security package or loan portfolio or implementing a first-of-a-kind financing structure in your domestic market.

Whether you are a financial institution, equity house, asset manager, mutual fund, accountant, privately owned company, corporation or public entity, your business is only as good as the products and services you sell. That’s why we organise our teams along the business lines of your sector, giving us deep insight into the commercial and legal issues you face. From general corporate lending to acquisition and leveraged finance, derivatives and securitisations to real estate finance and corporate recovery, we can help you achieve the best outcome, both locally and across jurisdictions.

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Capital Markets
Capital markets activity in Central and Eastern Europe is picking up, with the key capital markets in the region developing at a strong pace, particul
Restructuring, Business Transformation & Insolvency
CMS in Bulgaria can help you with restructuring, insolvency and transforming your business. Whether caused by rapid technological developments, consum

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04/01/2023
EU ad­opts NIS2 Dir­ect­ive to en­hance cy­ber­se­cur­ity and re­si­li­ence
The NIS2 will provide the frame­work for cy­ber­se­cur­ity risk man­age­ment meas­ures and re­port­ing ob­lig­a­tions in spe­cified sec­tors, such as en­ergy, trans­port, health, and di­git­al in­fra­struc­ture. Fur­ther­more...
27/10/2022
European data board re­com­mends re­form­ing leg­al frame­work for in­tro­duc­tion...
On 10 Oc­to­ber 2022, the European Data Pro­tec­tion Board (EDPB) ad­op­ted a state­ment on the design choices for a di­git­al euro from the pri­vacy and data pro­tec­tion per­spect­ive, stat­ing that its shares the...
24/10/2022
Bul­gari­an Fin­ance Min­istry an­nounces blue­print for ad­op­tion of the Euro...
On 21 Oc­to­ber 2022, the Bul­gari­an Min­istry of Fin­ance (MF) an­nounced its blue­print for ad­opt­ing the Euro un­der a fu­ture Euro Ad­op­tion Act (EAA). This blue­print closely fol­lows the main guidelines un­der...
13/10/2022
Com­mis­sion to pro­pose EU-wide le­gis­la­tion on cross-bor­der in­stant pay­ments
In its 2020 Re­tail Pay­ments Strategy, the Com­mis­sion con­firmed its goal of fos­ter­ing the full take up of in­stant pay­ments in the EU. Between 10 March 2021 and 7 April 2021, the Com­mis­sion held a pub­lic...
12/10/2022
Com­mis­sion pro­poses land­mark new rules on li­ab­il­ity for AI sys­tems
On 28 Septem­ber 2022, the European Com­mis­sion pro­posed the draft AI Li­ab­il­ity Dir­ect­ive (AILD Draft) on ad­apt­ing non-con­trac­tu­al civil li­ab­il­ity rules to ar­ti­fi­cial in­tel­li­gence as a po­ten­tial solu­tion...
22/08/2022
EU in­tel­lec­tu­al prop­erty of­fice pub­lishes ap­proach for clas­si­fy­ing vir­tu­al...
With the ex­plo­sion in pop­ular­ity of Non-Fun­gible Tokens (NFTs) in re­cent years that has seen seem­ingly or­din­ary pic­tures of apes be­ing sold for tens of mil­lions of dol­lars, the EU In­tel­lec­tu­al Prop­erty...
02/08/2022
Leg­al is­sues in the meta­verse / Part 4 - Ex­pec­ted im­pact of the EU Ar­ti­fi­cial...
Part 4 - Ex­pec­ted im­pact of the EU Ar­ti­fi­cial In­tel­li­gence Reg­u­la­tion, the meta­verse as a work­place In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world. The emer­gence...
28/07/2022
Eng­lish High Court per­mits ser­vice of court pro­ceed­ings by NFT
For the first time out­side the United States and for only the second time world­wide,[1] a court has al­lowed the ser­vice of pro­ceed­ings via non-fun­gible token (NFT).  The judg­ment of Trow­ers J in the...
27/07/2022
Leg­al is­sues in the meta­verse / Part 3 - Data pro­tec­tion chal­lenges, the...
Part 3 - Data pro­tec­tion chal­lenges, the im­port­ance of cy­ber­se­cur­ity, ad­vert­ising reg­u­la­tion in the meta­verse In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world...
19/07/2022
Leg­al is­sues in the meta­verse / Part 2 - Trade­marks and copy­right, NFTs...
Part 2 - Trade­marks and copy­right, NFTs and civil law prin­ciples in the meta­verse In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world. In the meta­verse, trade in vir­tu­al...
24/06/2022
Reg­u­la­tion on for­eign sub­sidies is head­ing for the fin­ish line - European...
Since 5 May 2022, EU tri­logue ne­go­ti­ations have been un­der­way on the first Reg­u­la­tion to lim­it the ef­fect of sub­sidies from third coun­tries to com­pan­ies act­ive in the EU. That an agree­ment will be reached...
26/05/2022
Schrems II: Re­ac­tions to the judge­ment and the su­per­vis­ory au­thor­it­ies'...
“Schrems II”: Opin­ions of the su­per­vis­ory au­thor­it­ies on Schrems II and re­com­mend­a­tions on the im­ple­ment­a­tion of the judge­ment in in­ter­na­tion­al data trans­fers On 16 Ju­ly 2020, the Court of Justice...