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. The firm advises banks and non-banking financial companies with regard to the establishment of fully owned subsidiaries in Romania. We further 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. The team advised a mobile telephone operator re financing the acquisition of cellular telecommunications network equipment.

We acted as counsel to:

• borrower, a global producer of generic drugs re release of security guaranteeing senior, subordinated, and payment-in-kind (PIK) facilities granted by Deutsche Bank, and advice on the intra-group netting arrangement with the Group’s Romanian subsidiaries;

• lender, a leading Italian Bank re taking of a share pledge as security for the loan, transfer of the client accounts from the brokerage subsidiary to the banking subsidiary;

• borrower, the global leader in the sector of reservation systems for airlines and travel agencies re collateral and guarantee requirements under three credit facilities agreements with Swiss banks, and an American bank;

• guarantor, the leading German bank re parent company guarantee, and issuance of a Comfort Letter in relation to the operations of the Bucharest branch of a global investment bank;

• lender, a leading Japanese bank re revolving credit facility, and subsequent amendments re financing operations of a Romanian subsidiary of a Japanese company in the Romanian automotive sector;

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

• lender, a leading Canadian construction company re two loans re financing of a real estate project in Brasov, Romania;

• lender, a major US investment fund re a Facility Agreement for financing the operations of an IT Group of companies;

• borrowers, Romanian subsidiaries of an Israeli company re Credit Facility Agreements with MKB Romexterra Bank;

• borrower, a US oil and gas company re a revolving credit facility from a Bucharest branch of a French bank for the construction and upgrade of oil and gas wells;

• borrower, a global producer of generic drugs re term loan and multicurrency acquisition and capital expenditure facilities made available by the leading German bank, subsequent restructuring of the facilities, and perfection of security;

• lender, a major automotive Japanese company re multicurrency term loan and revolving credit agreement  with a one of Japan’s leading banks as lender;

• lender, a major UK bank re secondary loan trading;

• lender, a Czech company re the registration of a non-banking financial institution;

• lender, the largest financial services group in the Nordic and Baltic Sea region re financing equipment purchase by a company which is a subsidiary of a Turkish wood processing company;

• borrower, a Belgium shipping company re ship mortgage issues;

• borrower, the leading European producer of generic drugs re loan facilities arranged by one of the largest US and European banks;

• borrower, a leading French advertising group re project finance matters regarding security to be granted by the Romanian subsidiary;

• lender,  a German government-owned development bank re project finance, security issues re financing of a rolling stock project;

• lender, the largest financial services group in the Nordic and Baltic Sea re export credit facility for a Romanian company;

• lender, a Belgium bank re ship mortgage issues;

• lender a leading German bank re senior facilities, and mezzanine facilities secured by the assets of the Romanian subsidiary of the borrower;

• underwriters, a leading US investment banking firm, and the Canadian leading financial advisory and asset management firm re sale on the US market of Senior Notes due 2010, issued by the parent company of a Romanian mobile telephone company;

• lender, a UK bank re a guarantee assignment;

• lender, a Swedish financial group, as lead arranger re A/B credit facility;

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

• lead underwriter, the leading UK financial management and advisory companies re IPOs of a major Swedish cosmetics company and of an Italian footwear manufacturer, which have subsidiaries in Romania;

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

• secured seller, a leading American aircraft manufacturer re a credit supply agreement, and an aircraft mortgage;

• lender, the European Bank for Reconstruction and Development re proposed equity participation in the Romanian subsidiary of a Spanish wood processing company;

• lender, a UK branch of a French bank re a ship sale finance project;

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

• lender, the leading Scotland bank re a ship mortgage;

• lender, a major UK bank re two ship mortgages;

• lender, a US bank re the operations of the Bucharest branch;

• lender, an Austrian bank re two loan agreements to a Romanian Bank;

• lender, international financial institution re loan to a Romanian leasing company;

• lender, a Danish bank re an aircraft mortgage;

• lender, a major Dutch bank re a loan provided to a major Romanian shipping company;

• lender, a Norwegian bank, as lead arranger re multipurpose credit facilities respectively provided to a major Romanian shipping company;

• lender, a Greek bank re registration of its subsidiary in Romania;

• lender, the European Bank for Reconstruction and Development re a proposed project loan to a  hotel venture for the purposes of  project completion;

• lender, the European Bank for Reconstruction and Development re loan and equity participation in a Romanian based joint venture of a major telecommunications equipment manufacturer;

• lender, the European Bank for Reconstruction and Development re a loan to a major international soft drinks producer for the purposes of  development of soft drink facilities in Romania;

• borrower, a Romanian bank re a loan and equity participation from the European Bank for Reconstruction and Development.