AVELLUM advises EBRD on EUR50 mln financing of new metro cars for Kyiv Metro
Proceeds from the EBRD loan will be used to finance the procurement of 50 new metro cars (as well as related services and equipment). These metro cars will carry passengers on one of the Kyiv underground rail network lines. Such an upgrade of the Kyiv metro rolling stock is expected to encourage more people to …
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AVELLUM advises on sale of 3 wind power plants of 49.5 MW total capacity
AVELLUM provided full legal support to the client in negotiating and drafting the transaction documents.
BaFin determines that compensation is payable to depositors of insolvent Greensill Bank
As was to be expected, the Bundesanstalt für Finanzdienstleistungsaufischt (BaFin) – Germany’s Federal Financial Supervisory Authority – has determined that compensation is payable to Greensill Bank’s depositors, as the bank is no longer able to repay all of its customers’ deposits. Insolvency proceedings have also been initiated against the bank with the Amtsgericht Bremen, the …
Former Chairman of the Anti-Monopoly Committee of Ukraine joins Redcliffe Partners
Redcliffe Partners is pleased to announce that Yuriy Terentyev, former Chairman of the Anti-Monopoly Committee of Ukraine (AMCU), has joined the firm as a partner. Yuriy brings a wealth of experience to boost the firm’s capabilities in competition, corporate and commercial, government relations and international trade. Prior to being appointed as the AMCU Chairman by …
LG Berlin overturns fine for GDPR violation
In a remarkable ruling from February 18, 2021, the Landgericht (LG) Berlin – the Regional Court of Berlin – declared a million-euro fine imposed in response to a breach of the General Data Protection Regulation (GDPR) invalid.
Bär & Karrer Advises Sage on the Sale of its Swiss Business
The Sage Group, a market-leading provider of business software products and solutions, has entered into an agreement for the sale of its Swiss business to Infoniqa, a provider of HR software solutions majority-owned by Warburg Pincus. The transaction is subject to certain closing conditions and is expected to complete within the next twelve months.
Bär & Karrer Advises Imaweb on its Acquisition of Stieger Software
Imaweb, a developer of software solutions for automotive manufacturers and dealers (a portfolio company of PSG), purchased all shares in Stieger Software AG, a provider of comprehensive software solutions for garages, motorcycle businesses and shipyards.
Bär & Karrer Advises Gi Group on the Acquisition of Jobtome International
Gi Group, Italy’s largest multinational staffing company and one of Europe’s top 6 staffing companies, has completed the acquisition of Jobtome International SA, one of the world’s largest online job aggregators based in Switzerland with a presence in 35 countries.
COVID-19: Provider of business closure insurance to pay out around 760,000 euros for closed bars
In a ruling from February 19, 2021, the Landgericht (LG) Düsseldorf – the Regional Court of Düsseldorf – held that the provider of business closure insurance has to pay out for bars closing in connection with the coronavirus (Az.: 40 O 53/20).