A syndicate of eight banks led by an Agent sought assistance from the SEE Legal Slovenia member firm in establishment of various types of security over the debtor’s assets located in Slovenia, Croatia, Serbia and Bosnia and Herzegovina. The banks were particularly keen on being able to understand potential legal risks relating to each jurisdiction and gave a great emphasis on cost-effectiveness of the project. First, the banks were impressed how the coordinating SEE Legal member firm was able to provide a rapid response regarding the law firms to be involved in the respective jurisdictions and their proposed fee quotes. As the project developed, due to excellent responsiveness of its fellow SEE Legal member firms, the coordinating firm was able to provide the Agent with solution-oriented legal input regarding each jurisdiction in a very short timeframe. The Agent appreciated very much that no additional management was required on its side and expressed the opinion that the access to a network of excellent quality law firms indeed represents an important comparative advantage of the SEE Legal member firms.
SEE Legal Coordinates Establishment of Security for a Syndicate Loan in Four Jurisdictions
HIGHLIGHT29 November 2016