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public. Our work on this mandate includes portfolio due diligence, the structuring of the transaction, the preparation of the transaction documentation, and complex financing and anti-trust issues. We represented VTB Capital plc and Corporate Commercial Bank AD in a landmark transaction on all stages of a €766 million debt restructuring, recapitalization and acquisition of Bulgarian Telecommunications Company AD and certain of its affiliates through arrangement schemes under Part 26 of the Companies Act 2006, followed by the refinancing of the restructured debt from the proceeds from the issuance of high-yield notes and a bridge-to-equity senior financing closed simultaneously with the issuance of the notes. This is the first arrangement scheme implemented in the CEE region. The deal was by far the largest and most complex cross-border financial restructuring ever arranged in the CEE region. The deal also involved the first-ever enforcement of financial collateral in Bulgaria. In addition to advising CEZ on numerous domestic legal matters, White & Case is providing a wide range of legal services to CEZ in relation to their Central and Eastern European operations. White & Case’s M&A, real estate, restructuring and disputes team advises ProLogis, the leading global owner, operator and developer of industrial real estate, on its projects in the Czech Republic. This included the acquisition of an industrial/ warehouse portfolio in the Czech Republic, Slovakia and Poland from funds managed by Heitman, a global real estate investment management firm. Additionally, the team represents ProLogis in a number of inter-related real estate disputes. Our work has included representing this global giant, successfully defending the entity before the Superior Court in relation to the ownership title to a large industrial site designed for the construction of a logistics park, whereby the land was claimed by the insolvency trustee of a bankrupt company. White & Case represented Raiffeisenbank, the Czech subsidiary of Raiffeisen Group, as issuer in the update to its €5 billion covered bonds program and the issue of €500 million in fixed rate covered bonds under that program due in 2019. The issue was listed on the Luxembourg Stock Exchange. This transaction was awarded the “2014 Achievement Award for Best Covered Bond” by EMEA Finance. We represented the issuer on the
establishment of the program, as well as in connection with the first issuance of covered bonds under the program in 2012.
White & Case (Europe) LLP, organizační složka Na Příkopě 854/14 110 00 Prague 1 Tel.: +420 255 771 111 Fax: +420 255 771 122 e-mail: email@example.com www.whitecase.com