BANKING AND FINANCE

We advise borrowers and lenders, including international financial institutions, in relation to, bilateral and syndicated loans, revolving lines of credit, supplier credit facilities,  corporate, asset finance, and project finance issues, guarantee assignments, security interests, export credit facility, aircraft and ship mortgages, collection of promissory notes, enforcement of security agreements, seizure of mortgaged collateral. We advise  banks and non-banking financial companies with regard to the establishment of fully owned subsidiaries in Romania. We advised underwriters in connection with IPOs of multinationals with subsidiaries in Romania, sale of Senior Notes issued by a parent company of a Romanian subsidiary. We advised a mobile telephone operator re financing the acquisition of a cellular telecommunications network equipment.

We advised:

• the lender, Unicredit, the leading Italian Bank re a multimillion Euro loan and associated security pledge;

• the German Government, and a German Bank regarding merger control, banking, regulatory, and foreign investment rules in Romania;

• the lender, Bluecrest Special Situations Master Fund, an investment fund, as lender re a Facility Agreement re financing of the operations of an IT Group of companies;

• the lender, The Sumitomo Trust & Banking Co. (London Branch) re a revolving credit facility, and subsequent amendments re financing of the operations of a Romanian subsidiary of a Japanese company in the Romanian automotive sector;

• the borrower, the subsidiaries of American Colony, re two Facilities Agreements;

• the lender, Unicredit Banca d’Impresa, regarding a Bridge Loan and Senior Loan, and related security;

• the borrower, Actavis Group, re term loan and multicurrency acquisition and capital expenditure facilities made available by Deutsche Bank, subsequent restructuring of the facilities, and perfection of security;

• the borrower, MFS Holding, a Mitsubishi subsidiary re multicurrency term loan and revolving credit agreement  with The Bank of Tokyo as a lender;

• the lender, CA IB Securities (Romania) re templates of Financial Services Agreement and related documentation, templates of Loan Agreement re derivatives market, and Loan Agreement re spot market;

• Profireal Group re establishment of a non-banking financial company in Romania, licensing requirements;

• the lender, Lloyds TSB re secondary loan trading;

• the lender, Steel Plus, re two loans to Romanian companies; 

• the borrower, Amromco Energy, LLC in relation to a revolving line of credit opened by Societe Generale Bucharest for the construction and upgrade of oil and gas wells;

• the borrower, Prolemn, a subsidiary of KASTAMONU ENTEGRE Turkey re financing equipment purchase;

• the lender, Navimer, Belgium re ship mortgage issues;

• the borrower, Actavis Group re loan facilities arranged by J.P. Morgan, HSBC, and UBS;

• the borrower, Mood Media Group re project finance matters resecurity to be granted by the Romanian subsidiary;

• the lender, Kreditanstalt für Wiederaufbau Bank, Germany re project finance, security issues re financing of a rolling stock project;

• the lender, Nordea Bank re an export credit facility;

• the lender, Dexia Bank Belgium re ship mortgage issues;

• the lender BNP Paribas Frankfurt,  re senior facilities, and mezzanine facilities to a borrower, which has a Romanian subsidiary;

• the underwriters, Goldman Sachs New York, and Lazard Freres Canada,  in connection re a sale on the US market of Senior Notes due 2010 issued by the parent company of a Romanian mobile telephone company;

• the lender, Standard Bank London re a guarantee assignment;

• the lender, Skandinaviska Enskilda Banken, as lead arranger re a credit facility;

• the borrower, Oriflame Cosmetics a major Swedish cosmetics company re A/B credit facility;

• the lead underwriter, Merrill Lynch London re IPOs of  Oriflame, and Geox, which had subsidiaries in Romania; 

• the borrower, Telemobil, a telecommunication services provider re supplier credit facility for the purposes of digitalisation of the cellular telephone network;

• a manufacturer, Bell Helicopter Textron re a credit supply agreement and aircraft mortgage;

• EBRD re a proposed equity participation in the Romanian subsidiary of Losan, a Spanish wood processing company for the purposes of developing a greenfield project in Romania;

• the lender, Societe Generale London re the sale of a ship; 

• the supplier, Starion, a British cosmetics company re a credit supply agreement;

• the lender, Royal Bank of Scotland London re a ship mortgage; 

• the lender, Barclays Bank London re two ship mortgages;

• Chemical Bank re the operations of the Bucharest branch;

• the lender, Creditanstalt Vienna re two loan agreements with a Romanian Bank;

• the lender, International Finance Corporation re a loan to a Romanian leasing company for the purpose of business development; 

• the lender, Den Norske Bank Copenhagen re an aircraft mortgage;

• the lender, Bank Mees & Hoope Rotterdam re a loan provided to a major Romanian shipping company;

• the lender, Christiania Bank Oslo, as lead arranger re multipurpose credit facilities provided to a major Romanian shipping company; 

• Alpha Bank, Greece re the registration of Bucharest Bank, the first bank fully owned by foreign investors in Romania;

• the lender, EBRD re a proposed project loan to a  hotel venture for the purposes of  project completion;

• the lender, EBRD re a loan and equity participation in a Romanian based joint venture of a major telecommunications equipment manufacturer;

• the lender, EBRD re a loan to a major international soft drinks  producer for the purposes of development of soft drink facilities in Romania; 

• the borrower, Tiriac Bank re a loan and equity participation of EBRD.