Banking & Finance

Legal advice to Postbank, a member of the Eurobank EFG Group, in drafting the full set of legal documents for OTC derivatives trading, including modified Master ISDA Agreement, financial collateral agreement, customized long form confirmations, etc.;

Legal advice to ING Bank (as a local counsel to Sullivan & Cromwell LLP) in reviewing and analysing the applicable Bulgarian legislation in the banking and finance area concerning the regulatory process relating to: (i) the investment by the Dutch State in ING Groep N.V. consisting of 1 billion non-voting core Tier-1 securities convertible at the option of ING into ordinary shares on a one-for-one basis from three years after the issuance onwards, and (ii) the potential exercise by Stichting Continuiteit ING of its option to acquire 900 million cumulative preferred shares of ING;

Legal advice to Globex Finance, one of the fastest growing companies in the field of consumer credits, in drafting the full set of legal documents for the operation of the company, including the general terms and conditions and consumer credit agreements, as well as rendering of legal services on a day-by-day basis, including legal advice of corporate and commercial contracts issues, representation and assistance in proceedings for issuance of writs of execution, etc.;

Legal advice to Tishman Bulgarian Real Property GmbH, Austria, a wholly-owned subsidiary of Tishman Investment Company Limited, London, on the EUR 60 million refinancing of the development and construction of Sofia Airport Center, one of the largest logistics parks currently into construction in Sofia, having a total build-up area of 165,000 sq.m.;

Legal advice on a day-to-day basis to Sofia Commerce Pawn Brokerage AD, one of the largest publicly traded non-banking financial institutions specialized in extending loans against pledge of movable property as a collateral, on corporate, collateralization and regulatory issues, including drafting general terms and conditions as well as agreements with clients in compliance with the new Regulation on the Activities of the Pawn Brokerage entered into force in the beginning of 2009.