EXPERTISE
Banking, Finance & Capital Markets

“Buy Now, Pay Later” solutions on the rise – regulatory aspects in Bulgaria

June 2022 – The rapid growth of online shopping as a result of the COVID-19 pandemic has led to an increased demand for different payment options for consumers at the checkout. One such option that is increasingly popular with consumers is the “buy...

Kinstellar promotes Mert Elçin to Counsel in Istanbul

June 2022 – Kinstellar is delighted to announce the promotion of Mert Elçin to Counsel in our Istanbul office.

Kinstellar’s Banking & Finance team in Budapest contributes to ICLG Project Finance 2022

May 2022 – Kinstellar’s Banking & Finance team in Budapest is honoured to have had the opportunity to contribute the chapter on Hungary to this year’s International Comparative Legal Guide to Project Finance. 

National Bank of Ukraine imposes restrictions on the purchase of cryptocurrencies and other virtual assets

April 2022 – The war in Ukraine is being felt across many industries, and the virtual assets market is no exception. In order to prevent a negative outflow of capital, the National Bank of Ukraine (“NBU”) has indirectly prohibited the purchase of...

Kinstellar partners Csilla Andrékó, Diana Dimova, Nina Tsifudina named among IFLR1000 Women Leaders in 2022

April 2022 – Kinstellar is delighted to announce that Csilla Andrékó (Partner in the Budapest office, and head of the firm-wide Banking & Finance service), Diana Dimova (Managing Partner of the Sofia office), and Nina Tsifudina (Partner in the...

Open Banking in Europe in Light of PSD2 Review

February 2022 – Open banking is changing the way people use banking services in the modern world. Europe prides itself on being the cradle of the open banking revolution, with the EU’s Payment Services Directive[1] (PSD2) being one of the first regulatory...

Overview of virtual asset regulation in Ukraine

February 2022 – The crypto business has grown exponentially in recent years. Ukraine is no exception to this global trend, as local businesses are also at the forefront of crypto products and innovations (DeFi, NFTs, the metaverse and Web 3.0). However...

The Serbian Financial Collateral Act: Love at Second Sight?

February 2022 – The adoption of the Financial Collateral Act (FCA) in 2018 was widely regarded as a great addition to Serbia’s financial law infrastructure. Nevertheless, more than three years later, the FCA's full potential has largely remained untapped....

Kinstellar advises the Black Sea Trade and Development Bank on a guarantee programme supporting SMEs in Bulgaria  

December 2021 – Kinstellar has advised the Black Sea Trade and Development Bank (BSTDB) on its “Framework Agreement for Pandemic Crisis Response Programme” that will be implemented together with the National Guarantee Fund (NGF).

New law on payment services will change the rules of the game for payment services in Ukraine

December 2021 – At the end of June 2021, the Ukrainian parliament adopted the Law of Ukraine "On Payment Services" (the "Law"), which aims to modernise the payment infrastructure in Ukraine, make the payment services market more transparent and open...