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

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

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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Alesia Sidliarevich Alesia Sidliarevich Associate Editor, CEEMEA, Debtwire

Ukrainian state banks urged to kickstart NPL sales to market as regulator assists with guidelines

Non-Performing Loans Central & Eastern Europe Financial Services

Ukrainian state banks are expected to finally step up this year the sale of their voluminous non-performing loan (NPL) portfolios, which make up 45.5%-73.5% of the total loan books of the country’s top three banks, Oschadbank and Ukreximbank and PrivatBank, according to several banking sector experts and lawyers.

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.

Amy Finch Amy Finch Data Journalist, Debtwire
Government action key to tackling coronavirus NPLs and investor opportunities

Government action key to tackling coronavirus NPLs and investor opportunities

DW Week Europe Non-Performing Loans Financial Services China

Governments and regulators need to be investors' “best friend” as they face a new wave of non-performing loans, said panellists involved in NPLs in Europe, China, and globally on a webinar, The New Rise of NPLs - Strategies and Investment Opportunities in the Market, aired live yesterday (14 October) during Debtwire Week.

Asli Orbay Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA
IDO’s USD 500m debt to be split into two on OpCo and MidCo levels

IDO’s USD 500m debt to be split into two on OpCo and MidCo levels

Restructuring Emerging Markets Transport Non-Performing Loans Distressed Debt Turkey

The USD 500m debt of Istanbul Deniz Otobusleri (IDO), a Turkey-based ferry company, will be divided into two as a sustainable and unsustainable loan, which will be reinstated separately on the OpCo and MidCo levels, according to two sources familiar with the situation.

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Ukrainian state banks urged to kickstart NPL sales to market as regulator assists with guidelines

Non-Performing Loans Central & Eastern Europe Financial Services

Ukrainian state banks are expected to finally step up this year the sale of their voluminous non-performing loan (NPL) portfolios, which make up 45.5%-73.5% of the total loan books of the country’s top three banks, Oschadbank and Ukreximbank and PrivatBank, according to several banking sector experts and lawyers.

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

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

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.

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

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

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.