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Alesia Sidliarevich Alesia Sidliarevich Associate Editor, CEEMEA, Debtwire
Belarus investors urged to verify use of 2026s and 2031s proceeds, warned about lack of government’s authority since 5 November

Belarus investors urged to verify use of 2026s and 2031s proceeds, warned about lack of government’s authority since 5 November

Bonds & Loans Financial Services Distressed Debt Government Central & Eastern Europe

The Coordination Council of Belarus, recognised by the EU and the US as a body facilitating the peaceful transition of power in the country, has sent statements to international financial institutions warning that the proceeds of the country’s latest USD 1.25bn Eurobonds might have been used to fund state repressions and that the current government lacks the authority to raise further funding, according to documents seen by Debtwire.

Asli Orbay Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA
Poland introduces new restructuring procedure in wake of pandemic; state aid package most generous in region

Poland introduces new restructuring procedure in wake of pandemic; state aid package most generous in region

Restructuring Emerging Markets Government Central & Eastern Europe Non-Performing Loans Distressed Debt Financial Services

A new type of court restructuring proceeding has been introduced in Poland as part of the COVID-19 crisis legislation: simplified restructuring proceedings available until June 2021, allowing the debtor to individually initiate the proceedings, said Karol Czepukojc and Pawel Dlugoborski, two counsels co-heading Baker McKenzie’s restructuring and insolvency practice in Poland.

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