Karanović & Nikolić advised the IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD) on the €215m financing of Čibuk 1, developed by Vetroelektrane Balkana.
The Karanović & Nikolić legal team – led by Maja Jovančević Šetka and Petar Mitrović, acting as the local counsel for EBRD and IFC, advised on all local law aspects of the financing, including the preparation of due diligence and support in the negotiations of the facility agreement and other financing and project documents. Norton Rose Fulbright from London acted as the international counsel to the lenders.
