EUR 3.5 mln investment loan agreement for funding of a construction project in Sofia


The Law Firm advised Daramis Holding in the entire procedure for conclusion of а loan agreement. The agreement was for financing the construction of two construction projects in Sofia. Hence we participated in the negotiation procedure. As a result our team managed to limit the risk for our client. The risk was emerging from certain clauses in the agreement. These clause could have easily lead to event of default, respectively to lead the whole loan prematurely due.

Finally, we participated in the draft of all agreement securing the loan (share-pledge agreement, receivables pledge agreement, mortgage of the land plots together with the respective construction rights and trilateral agreement between the sole owner, the company and bank.

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