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“Their preparation is always highly precise and of high quality. [...] all colleagues at Schoenherr are highly competent and committed to their jobs, and these qualities can only result in them meeting the clients’ instructions and demands at the highest professional level."
Schoenherr advises on all relevant product groups of finance work, including origination (bilateral and syndicated, recourse and non-recourse as well as secured and unsecured loan transactions), refinancing transactions, debt restructuring, performing and distressed bank assets (including trading and servicing), regulatory capital issuances, funds, structured finance, derivatives and securitisations.
Its focus areas cover, in particular, acquisition, project and asset finance as well as green and ESG-linked finance products. Our lawyers act for major international and regional banks, direct lenders, other financial institutions (insurance companies, funds and asset managers), corporates (issuers, borrowers and sponsors), sovereigns and quasi-sovereigns. Chambers (2020), IFLR1000 (2021), Legal 500 (2020) and Germany's JUVE (2020) have all ranked Schoenherr's banking and finance practice as top tier.
We have a proven track record in respect of all types of facilities (including syndicated lending) for a variety of purposes, e.g. bridge and/or super senior financing in the context of restructurings, financing for private acquisitions of equity or assets, financing for public takeovers, project finance (in particular energy and infrastructure), but also investment grade corporate lending as well as green and ESG-linked finance. Schoenherr is experienced in advising various parties: (arranging) lenders, (public and private sector) borrowers as well as sponsors (including private equity funds). The team has been on the forefront of many innovative transactions and is used to finding solutions to complex financing issues.
The group has significant and long standing know-how and experience in all types of acquisition finance (including financing in public takeover situations). Together with Schoenherr's corporate team, Schoenherr's banking team combines the various streams of a transaction (being mindful of timelines, takeover rules, stock exchange rules, ownership control regulation and securities laws). In this context, the team is also used to dealing with derivative instruments (such as options). We have a proven track record of financings combining a bond with a loan (and a common security pool). In addition, we regularly act for borrowing and issuing groups on other aspects of corporate finance, including cash pooling arrangements.
Our dedicated team for asset finance combines industry know-how and expertise in particular with a track-record of real estate and property development finance, but also various other asset classes such as aircraft finance, rolling stock finance or commodity finance (e.g. natural gas, oil or grains). The team has advised borrowers, senior lenders as well as mezzanine providers and regularly facilitates transactions with AIFs, pension funds, insurance companies or other institutional investors acting as sponsors.
Being counsel to a number of industry organisations, amongst them ISDA, FIA Europe, the British Banker's Association, Bundesverband Deutscher Banken e.V. and the Austrian Economic Chambers (WKO), the team draws on a breadth of experience and expertise in the area of derivatives. We are consistently involved into derivatives transactions with international, Austrian and CEE counterparties. The team also advises on structured finance transactions including securitisations (true sale and synthetic) of various types of asset classes, and other forms of repackaged debt, where we have pioneered a number of new structures, as well as covered bonds transactions.
Poland: Schoenherr advises eSky Group on transaction financing regarding acquisition of travel agency Thomas Cook
Schoenherr advised eSky Group, the operator of a leading travel booking platform in Central and Eastern Europe, on the financing aspects of its acquisition of Thomas Cook, a renowned online travel agency. With this transaction, which excludes Thomas Cook's operations in China, eSky Group strengthens its presence in the European travel market and continues its strategy of global expansion and diversification.
Hungary launches new CfD support scheme targeting electricity storage operators
On 14 August 2023 the Hungarian Government issued Gov. Decree 382/2023 ("Decree") establishing the legal framework for the implementation and functioning of the new Contracts for Difference ("CfD") support scheme for electricity storage operators ("Storage CfD Scheme").
Financing in times of crisis
Banking and finance analysis: The banking and finance experts of Schoenherr Attorneys at Law have compiled a comprehensive Central and Eastern European overview of the practical legal implications to be considered in finance transactions in the context of the ongoing coronavirus pandemic (COVID19).
together: your transaction manager
together: your transaction manager offers a complete digital solution for transaction and process management.
NPL directive info corner
This info corner offers insights into the current status of the NPL Directive adoption, and the implications for selling banks, credit servicers and purchasers under the new regulatory framework.